SRM is the Serum exchange's own token.
Users can earn SRM for the benefit they provide to the platform.
SRM is actually at the center of the project. So if we say that the serum exchange is built on SRM, we would not be exaggerating.
Users with SRM tokens can get discounts on transaction fees and earn staking rewards. They can also have a say in the management of the platform.
Transaction fees on the platform are paid with SRM. While 40% of the transaction fees received are burned weekly, 60% is returned to SRM owners as a discount.