BtLux is committed to providing users around the world with a high-quality digital currency asset trading platform, and strictly selecting high-quality projects with long-term growth value for users.
In order to provide users with a better trading experience, BtLux will launch Serum (SRM) on October 27, 2020 and open SRM deposits, withdrawals and transactions.
SRM deposits and withdrawals: 17:00 on October 27, 2020 (UTC+8)
SRM Trading Pair: SRM/USDT
Trading Time: 18:00 on October 27, 2020 (UTC+8)
Full Name: Serum
Official website: https://projectserum.com/
Total issuance: 161,000,001 SRM
Block transaction query address:
Official White Paper Download URL: https://projectserum.com/serum_white_paper_zh.pdf
Serum is a fully decentralized exchange created by Project Serum and other crypto assets and experts in the DeFi field to support cross-chain transactions without the trust of a third party. After the Serum Foundation creates the Serum Agreement, Serum will not have any authority restrictions, and 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. Its main function is similar to the platform currency of many centralized exchanges. The user's cost per transaction will be used by the system to buy back and destroy SRM. For SRM holders, holding currency can reduce transaction fees by 50%, and transaction fees can be paid using SRM.
In addition, Serum also designed another special concept: every 1 million SRM can be combined into a special MegaSerum (MSRM) token, and MSRM can also be exchanged for 1 million SRM. Users who hold MSRM tokens can get a 60% reduction in transaction fees, which is more attractive to users with larger transaction volumes.
In addition, in order to provide a decentralized cross-chain solution, the Serum system also has the role of a validator. You only need to pledge 10 million SRMs and include an MSRM to become a validating node, providing cross-chain services at the same time Part of the fee income is collected, and the verification node can also receive staking rewards distributed by the system.
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BtLux will continue to provide users with excellent products and quality services!
BtLux official team
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