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 built on the Solana blockchain. According to the platform’s statements, Project Serum’s own cryptocurrency, Serum (SRM), is designed for users to earn through utility. Detailed information about what is Serum coin SRM and how does it work, how to buy, how much is the price of SRM, etc. included in the content. For information about DENT coin, you can check here.
What is Serum coin (SRM) and how does it work?
SRM, which emerged with the slogan of a faster, cheaper and more powerful Defi, claims to bring the speed and convenience of centralized shopping to DeFi, while remaining completely reliable and transparent. Serum is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. Based on Solana. What sets it apart from many Defi is that it has an interface that is familiar with centralized exchanges.
According to the platform’s statements, Project Serum’s own cryptocurrency, Serum (SRM), is designed for users to earn through utility, not hyperinflation. In addition, SRM owners also have management power over the project.
On the other hand, the platform describes the SRM token as the “backbone of the ecosystem”. SRM token holders receive various benefits on the platform, such as discounted fees, staking rewards, and participation in management.
How to buy Serum token (SRM)? How much is the SRM coin price?
Serum coin can be purchased on cryptocurrency exchanges where it is listed. But you need to make sure that the exchange you will trade on is “reliable and well-known”. As of August 18, 2021, the price of 1 SRM coin is around $ 7.25.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency
