What is serum's native cryptocurrency?

Serum’s native cryptocurrency, SRM token (sometimes referred to as SRM coin), derives its value from its utility on the network, as it is the preferred form of payment for transfer fees, and participants can spend SRM to enable reduced fees on Serum’s exchange.

What is the serum project?

The Serum project is fueled by its governance token, SRM. It’s the native utility token of the Serum ecosystem built on the Solana blockchain. It confers several advantages on its holders, including: A 50% reduction of the costs incurred for an exchange on any Serum DEX.

What is SRM crypto?

This means that the SRM crypto is an SPL token (Solana Program Library). This is, by the way, a standard similar to ERC20 on Ethereum, which makes it possible to issue interchangeable tokens on Solana. Serum therefore takes advantage of all the capabilities of the Solana blockchain to ensure that its ecosystem works smoothly.

What is the megaserum token (MSRM)?

Unique to Serum is the MegaSerum token (MSRM), which participants can have if they lock 1 million SRM together, helping them receive slightly more rewards than 1 million SRM tokens would.