Serum (SRM)
A Decentralized Derivatives Exchange that Enables Cross-Chain Trading.- Serum is a decentralized derivatives exchange project that enables cross-chain trading.
- The project is a collaboration between FTX, a centralized derivatives trading platform, and Solana, a low-cost, interoperable blockchain featuring smart contracts.
- The Serum project will also feature SerumBTC and a SerumUSD stablecoin that will exist as SPL and ERC20 tokens, making it possible to offer physically settled cross-chain contracts.
- The Serum project is powered by the SRM governance token, which also provides discounts on trading on Serum, and is burnt with revenue earned from transactions on the network.
- 1 million SRM make up a MSRM, which is the amount needed to participate in operating a staking node that helps decentralize the network and offer support in transaction settlement validation.
Key metrics (as of August 11th 2020)
| Ticker | SRM |
|---|---|
| Issuing Price | 0.11 USD / SRM |
| Initial Circulating Supply | 1,000,000,000 SRM (10.00%) |
| Total Token Supply | 10,000,000,000 SRM |