[Unofficial] Serum Discussion Thread(Technical & Price) - The Future of DEX

[Coin_trader]

PS: I’m not part of the team. I’m just a fellow investor and believer to this project.

[elda34b]

Is there no ELI5 why this project is different from any other projects out there? Since it seems there are many similarities, such as stable coin, native token, etc. Aside from the atomic swap, I don't see anything new. Which means native tokens are not really needed except to traise money imo.

[Strongkored]

As you stated before you are not part of team but when you open discussion it's mean you know much about the project, about transaction speed is always a problem for DEX, will this DEX can be a solution to this issues?

[Coin_trader]

Is there no ELI5 why this project is different from any other projects out there? Since it seems there are many similarities, such as stable coin, native token, etc. Aside from the atomic swap, I don't see anything new. Which means native tokens are not really needed except to raise money imo.

I don't know what you mean on the bolded part of your statement. The difference between this DEX to others was Serum is a decentralized derivative exchange which offer cross-chain by using Solana blockchain technology. And also their tokenomics were impressive because they locked all tokens that bought during Presale. They will unlock it after 1 year and the release was linear up to 7 years to avoid dump of the token.

As you stated before you are not part of team but when you open discussion it's mean you know much about the project, about transaction speed is always a problem for DEX, will this DEX can be a solution to these issues?

They are using Solana Blockchain so I assume they have the same TPS which 60,000TPS and 400ms [Source].
The DEX is still on the testing period probably next week they will officially launch it according to telegram rumor.

You can watch full details about Serum here: https://youtu.be/MykQvvtacCk

[Bttzed03]

Is there no ELI5 why this project is different from any other projects out there? ~

I don't know what you mean on the bolded part of your statement. The difference between this DEX to others was Serum is a decentralized derivative exchange which offer cross-chain by using Solana blockchain technology. And also their tokenomics were impressive because they locked all tokens that bought during Presale. They will unlock it after 1 year and the release was linear up to 7 years to avoid dump of the token.

Explain Like I'm 5 - ELI5

I'll probably check their WP later on and see what's impressive here. Locking of tokens to avoid market dumping and gain community trust seems common among projects these days.

~
They are using Solana Blockchain so I assume they have the same TPS which 60,000TPS and 400ms [Source] (https://cointelegraph.com/news/solana-and-chainlink-team-up-to-build-a-crazy-fast-oracle)).
The DEX is still on the testing period probably next week they will officially launch it according to telegram rumor.

Is testing open to the public?

It's not the first project I've seen with claims of thousands of TPS. It will be good for them if more users can test it and prove their claim.


Since your topic focuses on the exchange and not the native token, you should probably move this to Service Discussion (Altcoin).