Cryptocurrency Q&A
What is SRM token used for?
What is SRM token used for?
BlockchainWizardGuard
Tue Nov 05 2024
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5 answers
1420
I would like to understand the purpose and utilities of the SRM token. Could you explain what it is used for and its various applications?
5 answers
Silvia
Thu Nov 07 2024
The SRM token serves as a utility token within the Serum network.
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TopazRider
Thu Nov 07 2024
It is designed to be used for paying transaction fees on the platform.
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JejuSunshineSoulMateWarmth
Thu Nov 07 2024
Holders of SRM tokens are eligible for discounted fees if they choose to use their tokens to pay for these services.
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Martino
Thu Nov 07 2024
In addition to SRM, the Serum platform has another native currency known as the MegaSerum token (MSRM).
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LightWaveMystic
Wed Nov 06 2024
MSRM has its own unique role within the Serum ecosystem, although the specifics of its function are not detailed here.
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