SRM is the utility token of Serum DEX.
SRM token is used for
- Lowers fees on the DEX
- Create MegaSerum
How could value accrue to the token?
- Staking for liquidity and cross-chain operations to earn rewards
- 80% of fees used to buy and burn tokens.
What is Serum?
Serum is a DEX protocol on Solana. It powers other trading protocols like Bonfida.
- 1 000 000 tokens can be locked to create MSRM and redeemed back to SRM.
MRSM staked will earn nodes more rewards than 1M tokens.
- Each node must have atleast 1 MSRM staked.
- 2 % Base APY
- Additional 0 – 13% based on performance
Nodes perform cross-chain settlements among other things.
Unstaking takes 1 week.
Governance will be used for certain parts of the protocol like fees.
Total Supply: 10 000 000 000
90% locked and released for 6 years after 1 years.
- 4% – Seed Sale
- 22% – Contributors
- 20% – Team and advisors
- 27% – Partners and collaborators
- 27% – Ecosystem Incentive
Presale price: $0.08 ($80 000 / MSRM)