Serum (SRM) Price

Serum is a completely decentralized exchange that supports cross chain transactions without the trust of a third party, which is jointly created by project serum, other encryption assets and defi experts. After the serum foundation creates the serum agreement, the serum will not have any permission restrictions, and the serum foundation will not have any special rights in the serum ecosystem. The entire serum ecosystem will be completely handed over to users and run by the cryptocurrency community - completely decentralized. The serum project will issue the native token SRM, which is similar to the platform currency of many centralized exchanges. The fees paid by users for each transaction will be used by the system to buy back and destroy the SRM. For the holders of SRM, the transaction fee can be reduced by 50% by holding coins, and the transaction fee can be paid by SRM. In addition, serum also designed another special concept: every 1million SRMs can be synthesized into a special megaserum (msrm) token, and msrm can also be exchanged for 1million SRMs. Users who hold msrm tokens can get a 60% transaction fee reduction, which is more attractive to users with large transaction volume. In addition, in order to provide a decentralized cross chain solution, the serum system also has the role of verifier. It only needs to pledge 10million SRMs and include one msrm to become a verification node. While providing cross chain services, it also charges part of the handling fee income. In addition, the verification node can also receive the stacking reward distributed by the system.