Last Wednesday, Coinex - The Global Digital Coin Exchange has listed SERUM (SRM) in the platform with Trading Pair of SRM/USDT.
After 24hrs of movement, SERUM (SRM) has reached up to $9.6759.
CoinEx current price as of this writing is $9.4856/SRM with +6.66% 24/HR price change.
About SERUM (SER):
Serum is a decentralized exchange (DEX) and an ecosystem that brings high speed and low transaction costs to decentralized finance (DeFi). It is permissionless and is built on the Solana blockchain.
Serum was created to eliminate the vulnerabilities in the current DeFi space that exist due to incomplete decentralization. It is claimed to be fully decentralized and runs on a non-custodial exchange with cross-chain trading support and no know your customer (KYC) requirements.
SRM is a token (a type of SPL token) native to Solana and launched on ERC20 across the chain. SRM holds the following utility:
- 90% of DEX fees goes to SRM buy and burns;
- Holding SRM gives one up to 60% of all fees on Serum;
- Fees maybe made payable with SRM
- SRM can be staked on a node and there will be a fund of SRM that will be distributed as staking rewards to each node;
- Serum is anticipated to include a limited governance model based on the SRM token.
The features of Serum are as follows:
- Its on chain order-books are full limit order-books with an interface familiar to that of centralized exchanges;
- It realizes sub-second trading and settlement since it is built on Solana where block time is 400ms and transaction cost is $0.00001.
(Source: Coinex - The Global Digital Coin Exchange)
Based on thecrypto.app, Serum (SRM) is now ranked #152 with Market Cap of $480,406,800.
If you would like to try trading this digital asset on the platform, you may click this link and register your own account on CoinEx - The Global Digital Coin Exchange.
*Do take note:
"Invest what you can afford to lose".
This content does not contain investment advise. Every trading investment moves and carries a risk. First of all, you must conduct a research before making decision.
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