Review on Serum by Toprak Dere
About Serum
SRM Coin, also known as Serum Coin, offers its investors or users a decentralized derivative exchange with trustless cross-chain transactions, together with a consortium formed by a crypto trading consortium and DeFi professionals.
Trustless transactions are transactions that take place without the participants needing to rely on a third party to operate the system in this way.
Therefore, in this system, if you want to make or perform transactions in Serum Coin, you do not need to trust people you do not know, and the system takes its own precautions.
Serum (SRM) is designed for users to gain through utility, not hyperinflation. In addition, SRM owners have the power to manage the project.
On the other hand, the platform describes the SRM token as the "backbone of the ecosystem". SRM token holders; On the platform, they get various advantages such as discounted fees, staking rewards and participation in management.
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Pros
- Many DeFi projects use a centralized oracle. However, there is no central situation at any stage of Serum.
- There is a professional order book as in central stock exchanges.
- trustless cross chain transactions
Cons
- none
