Serum, The Future of De-Fi (Summary)
What is Serum?
Serum is the first completely decentralized derivatives exchange with trustless cross-chain trading built on the Solana blockchain. A collaboration between crypto traders and De-Fi experts.
Introduction
The trend is your friend until it ends, and 2020 has been the year of Decentralized Finance (De-Fi). With dozens of projects being introduced into the blockchain space this year; creating a much cleaner and simpler interface allowing more users to adopt the technology. With progress, there are occasionally some roadblocks slowing down momentum. One of the main issues to this day is getting away from centralization. Tune in to see this what this project is about, and what it is doing differently.
Why Serum?
First, we must understand what are the current De-Fi issues:
- Centralized Oracles
- No Cross-chain Support
- Speed/Fees
Serum (SRM) provides an antidote for these issues:
Market Information
- Total Supply: 150 million
- Circulating Supply: 31 million (6 million allocated to IEO participants 25 million project contributors and liquidity providers)
- Exchanges: FTX, BitMax, Binance
- 90% supply locked (7 years, 1st year there is no unlocking)
Partners & Advisors
Summary
- 90% of supply is locked long-term (7 years total, including seed sales.)
- MegaSerum (MSRM) gives an increase in utility in the Serum ecosystem.
- Buy/Burn 100% of platform revenue.
- Integrations with TomoDex, Binance, FTX, Alameda Research, and more.
- Built on the Solana Blockchain.
