Serum
  • Welcome
  • Introduction
    • Overview
    • Serum Ecosystem
    • Solana
    • SRM Token
  • Serum Ecosystem
    • 🛠️Build on Serum
      • Project Ideas
      • EcoSerum Grants
      • Tutorials and Concepts
      • Listing and Adding Markets
      • Host a GUI
      • Node List
    • 📈Trade on Serum
      • Ecosystem
      • Trading GUIs
    • ❓Get Help / FAQ
      • Changes to Staking
  • Guides
    • Wallet Support
      • Wallets
      • Exchanges
      • Using Sollet (sollet.io)
        • Creating SOL Wallet
        • Depositing Funds
        • Managing your Wallet
        • Using Sollet with Ledger Nano S
        • Converting ERC20 to SPL tokens
    • Trade on Serum DEX
      • Connect your Wallet
        • Connect with Sollet
        • Connect Ledger Nano S with Sollet
      • Trade
        • Trade on Bonfida
      • Avoiding Scams
    • Wormhole Token Bridge
    • Using Symmetry Swap
    • Providing Liquidity to Pools
    • Staking
    • Multisig
    • Governance
      • How to Vote
      • How to Create a Proposal
  • Appendix
    • Philosophy
    • Serum Core
    • Fees
    • Media
  • More
    • Github
    • Website
    • Discord
    • Telegram
    • Twitter
    • Youtube
    • Weibo
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On this page
  • SRM and MSRM
  • Tokenomics
  • Buy and Burn
  • Resources

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  1. Introduction

SRM Token

This guide provides a summary on the SRM and MSRM tokens.

PreviousSolanaNextBuild on Serum

Last updated 3 years ago

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SRM and MSRM

Serum (SRM) is the utility and governance token of Serum. If you hold SRM in your wallet, you receive a discount on fees. SRM is native to the Solana blockchain (as an SPL token) and is also available on the Ethereum blockchain (as an ERC20 token).

MegaSerum (MSRM) is 1,000,000 SRM stacked together. Both SRM and MSRM are available on Serum.

You can create 1 MSRM by locking up 1 million SRM, and you can redeem the MSRM back out for 1 million SRM. However, there is a limit of 1,000 MSRM in the world, so in practice, they are scarce. You generally receive benefits for holding SRM and larger benefits for holding MSRM.

Tokenomics

10% of all SRM tokens begin unlocked. The other 90% all have the same unlock schedule. They are fully locked for the first year, and then unlock linearly over the next 6 years, beginning on the 11th of August 2021, at approximately 1/2190 per day. All seed sales were locked.

Buy and Burn

100% of the exchange fees flow back into SRM, generally via a buy and burn, and also potentially into staking rewards or other ecosystem grants.

Ecosystem Fees

Serum charges fees on trades that use its order book. Other applications (including e.g. Raydium and Bonfida) may charge their own fees in addition to the fees Serum charges. All fees go to the benefit of SRM.

Resources

Price Trackers

Block Explorers

More information on fees for DEXes built on Serum can be found at the bottom of:

You can learn more about the SRM token at .

You can also check out SBF's on SRM and MSRM.

CoinMarketCap:

CoinGecko:

https://projectserum.com/#/staking-and-voting
Project Serum SRM FAQ
Twitter thread
https://coinmarketcap.com/currencies/serum/
https://www.coingecko.com/en/coins/serum
SRM ERC20
MSRM ERC20
SRM SPL
MSRM SPL