FTX is a cryptocurrency derivatives exchange built by traders, for traders. They strive to build a platform powerful enough for professional trading firms and intuitive enough for first-time users. FTX supports quarterly and perpetual futures for all major cryptocurrencies, leveraged tokens, and OTC. FTX was incubated by Alameda Research, a topcryptocurrency liquidity provider. Because of this FTX has had industry-leading order books from day one. FTX was co-founded by Sam Bankman-Fried and Gary Wang, in 2018. Their mission is to build the best derivatives exchange and to help move this space toward becoming institutional.

Coinbase Ventures is an investment arm of Coinbase that aims to invest in early-stage cryptocurrency and blockchain startups.

Coinbase Ventures

organization

Sequoia is a venture capital focused on energy, financial, enterprise, healthcare, internet, and mobile startups. The firm helps a small number of daring founders build legendary companies. Its spurs them to push the boundaries of what’s possible. The firm seeks to invest in all sectors with a focus on energy, financials and financial services,healthcare and healthcare services, Internet, mobile, outsourcing, and technology. The company was founded by Don Valentine in November 1972 and is based in Menlo Park, California.

Sequoia Capital

Senator Investment Group is a hedge-fund firm providing services to pooled investment vehicles. It specializes in the fields of financial services and investment management. It was formed in 2008 and headquartered in New York, United States.

Senator Investment Group

Lightspeed Venture Partners is a venture capital firm that engages in consumer, enterprise, technology, and cleantech markets. It focuses on seed, early-stage, later stage, expansion stage, start-up, growth companies, and incubation and specializes in debt financing for start-up and growth companies. Lightspeed Venture Partners invests in varioussectors that include enterprise, consumer, big data, bitcoin, enterprise technology, cleantech, mobile, internet, financial technology, cloud solutions, e-commerce, storage, media, networking, energy, and software, software-as-a-service, information technology, biotechnology, and social. It mainly invests in countries such as the United States, Europe, Israel, China, and India. The firm was founded in 2000 and is based in Menlo Park, California with additional offices in Beijing, China; Shanghai, China; New Delhi, India; and Herzelia Pituach, Israel.

Lightspeed Venture Partners

Solana (SOL) is a cryptocurrency launched in 2020. Solana has a current supply of 511,616,946.142289 with 320,463,824.0205163 in circulation. The last known price of Solana is 99.01012712 USD and is up 0.30 over the last 24 hours. It is currently trading on 264 active market(s) with $3,100,130,606.66 traded over the last 24 hours. More information can be found at https://solana.com.

Solana

<h1 class="has-luminous-vivid-orange-color has-text-color">Backers</h1>
<h2><span id="Team" class="ez-toc-section"></span><strong>Team</strong></h2>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1024x569.png"><img class="wp-image-32462" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 9" src="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1024x569.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1024x569.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-300x167.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-768x427.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-750x417.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02-1140x634.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-17-luc-01.24.02.png 1482w" alt="Anh chup Man hinh 2021 05 17 luc 01.24.02" width="1024" height="569" loading="lazy" data-id="32462" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<p>Solana is built by an all-star, experienced team from big companies like Google, Apple, Intel, Twitter, Dropbox, Microsoft&hellip;etc.</p>
<p>Solana development team are all individuals with skills and experience in the field of technology and security:</p>
<ul class="has-normal-font-size">
<li><strong>Anatoly Yakovenko (CEO):</strong>&nbsp;Former software engineer at Dropbox and Mesosphere, Senior Engineer Director at Qualcomm Boulder, co-founder of Alescere.</li>
<li><strong>Greg Fitzgerald (CTO)</strong>: Former Senior Software Engineer at Qualcomm Boulder, Systems Software Engineer at Alescere.</li>
<li><strong>Raj Gokal (COO):</strong>&nbsp;Venture capitalist at General Catalyst, Former Chief Product Officer at Odama Health, Entrepreneur in residence at Rock Health, CEO and co-founder of Sano.</li>
<li><strong>Eric Williams (Chief Scientist):</strong>&nbsp;Former Chief Data Officer and Co-Founder at Motion, VP of Data Science &amp; Analytics at Odama Health, Rearcher at CERN.</li>
</ul>
<p>Along with the above prominent names are some members from other countries such as&nbsp;Stephen Akridge, Michael Vines, Tyera Eulberg, Carl Lin, etc.</p>
<h2><span id="Advisors" class="ez-toc-section"></span><strong>Advisors</strong></h2>
<p>Solana is invested by large VC funds such as Multicoin Capital, Slow Ventures, Foundation Capital&hellip;</p>
<p>Besides, the development in the ecosystem is getting a lot of attention,&nbsp;<strong>especially when it was announced that Solana Labs, Solana&rsquo;s investment arms had just called for $314 million</strong>. With this money, Solana Labs can accelerate the development of projects in the ecosystem.</p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
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<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1024x337.png"><img class="wp-image-32463" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 10" src="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1024x337.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1024x337.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-300x99.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-768x253.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-750x247.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37-1140x375.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.53.37.png 1464w" alt="advisors" width="1024" height="337" loading="lazy" data-id="32463" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1024x666.png"><img class="wp-image-32464" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 11" src="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1024x666.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1024x666.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-300x195.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-768x499.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1536x999.png 1536w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-750x488.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48-1140x741.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Anh-chup-Man-hinh-2021-05-27-luc-14.36.48.png 1596w" alt="token release schedule" width="1024" height="666" loading="lazy" data-id="32464" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>

Team and Backers 

<p>Solana, a blockchain network that launched in 2020, has seen a rapid increase in interest from both cryptocurrency enthusiasts and developers who are using it to build decentralized applications for industries such as finance, computer science, and even art.</p>
<p>But what is Solana, and how has it emerged so quickly as a major player in the crypto space? Here are some things to know about Solana and some ideas to consider before making a potentially risky cryptocurrency investment.</p>
<h1 class="has-luminous-vivid-orange-color has-text-color">What is Solana?</h1>
<p>Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks.&nbsp;<strong>Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions</strong>. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.</p>
<p>This allows Solana to process&nbsp;<strong>50-65 000 transactions per second</strong>&nbsp;with a theoretical limit of over 700 00 transactions per second (compared to Bitcoin&rsquo;s 7 TPS and Ethereum&rsquo;s 15 TPS). In contrast to other similar projects such as Polkadot and Ethereum 2.0 (once it is released), Solana is a single blockchain (layer 1) and does not delegate operations to other attached chains (layer 2).</p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
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<li class="blocks-gallery-item">
<figure><img class="wp-image-32362" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 3" src="https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png.webp" sizes="(max-width: 900px) 100vw, 900px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png.webp 900w, https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png-300x169.webp 300w, https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png-768x432.webp 768w, https://news.coincu.com/wp-content/uploads/2021/11/ParachainsPolkadot.png-750x422.webp 750w" alt="Solana polkadot " width="900" height="506" loading="lazy" data-id="32362" data-pin-no-hover="true" /></figure>
</li>
</ul>
</figure>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_Features" class="ez-toc-section"></span>Outstanding Features</h1>
<p>To get high scalability, besides Proof of Stake, Solana had to combine the following eight functions:</p>
<h2><span id="Proof_of_History_PoH_A_clock_before_consensus" class="ez-toc-section"></span><strong>Proof of History (PoH): A clock before consensus</strong></h2>
<p>Solana&rsquo;s PoH consensus algorithm helps to create more efficiency and a higher throughput rate within the Solana network. So by having historical records of events or transactions, it allows the system to more easily track transactions and keep track of the ordering of the events.</p>
<h2><span id="Tower_BFT_PoH-optimized_version_of_PBFT_Practical_Byzantine_Fault_Toleration" class="ez-toc-section"></span><strong>Tower BFT: PoH-optimized version of PBFT (Practical Byzantine Fault Toleration)</strong></h2>
<p>Tower BFT is a PBFT-like consensus algorithm that is made to take advantage of the synchronized clock. The Tower BFT uses the PoH as its cryptographic clock which allows consensus to be reached without having to incur massive messaging overhead and transaction latency.</p>
<h2><span id="Turbine_A_block_propagation_protocol" class="ez-toc-section"></span><strong>Turbine: A block propagation protocol</strong></h2>
<p>The Turbine protocol makes it easier to transmit data to the blockchain nodes. Turbine is able to do this by breaking the data into smaller packets. This allows Solana to address issues of bandwidth and also increase its overall capacity to settle transactions faster.</p>
<h2><span id="Gulf_Stream_Mempool-less_transaction_forwarding_protocol" class="ez-toc-section"></span><strong>Gulf Stream: Mempool-less transaction forwarding protocol</strong></h2>
<p>The Gulf Stream protocol plays an important role in pushing transaction caching and forwarding it to the edge of the network. This allows the validators to execute the transactions ahead of time, reducing confirmation time, faster leader switching and reducing memory pressure on validators from unconfirmed transaction pools. So this protocol is what allows Solana to support 50k TPS.</p>
<h2><span id="Sealevel_Parallel_smart_contracts_run-time" class="ez-toc-section"></span><strong>Sealevel: Parallel smart contracts run-time</strong></h2>
<p>Sealevel is a hyper-parallelized transaction processing engine that is used to scale horizontally across GPUs and SSDs. With this system in place, it allows Solana to obtain a more efficient runtime and also allows transactions to run concurrently on the same state blockchains.&nbsp;</p>
<h2><span id="Pipeline_A_Transaction_Processing_Unit_for_validation_optimization" class="ez-toc-section"></span><strong>Pipeline: A Transaction Processing Unit for validation optimization</strong></h2>
<p>Pipelining is a process where a stream of input data assigns to different hardware responsible for it. So this mechanism allows transaction information to be quickly validated and replicated across all the nodes in the network.</p>
<h2><span id="Cloudbreak_Horizontally-Scaled_Accounts_Database" class="ez-toc-section"></span><strong>Cloudbreak: Horizontally-Scaled Accounts Database</strong></h2>
<p>To achieve the necessary scalability on the Solana network, it requires the use of Cloudbreak. Cloudbreak is a data structure that is optimal for concurrent reads and writes across the network.</p>
<h2><span id="Archivers_Distributed_ledger_storage" class="ez-toc-section"></span><strong>Archivers: Distributed ledger storage</strong></h2>
<p>We use Archivers for data storage. Data on Solana offloads from validators to a network of nodes known as Archivers. These nodes can be lightweight (ex: laptops) and they will be subject to a check, every so often, to ensure they are storing the right data.</p>
<p>Read More: <a href="https://coincu.com/currencies/sol-solana/stories/">Click Here&nbsp;</a></p>
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<p>&nbsp;</p>
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All about

<div>
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 </div>
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   <div>
    <h2 id="what-is-solana-sol">
     What Is Solana (SOL)?
    </h2>
    <p>
     Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (
     <a href="#">
      DeFi
     </a>
     ) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
    </p>
    <p>
     To learn more about this project, check out our deep dive of
     <a href="#">
      Solana
     </a>
     .
    </p>
    <p>
     The Solana protocol is designed to facilitate decentralized app (
     <a href="#">
      DApp
     </a>
     ) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (
     <a href="#">
      PoS
     </a>
     ) consensus of the blockchain.
    </p>
    <p>
     Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.
    </p>
    <h3 id="who-are-the-founders-of-solana">
     Who Are the Founders of Solana?
    </h3>
    <p>
     <a href="#" rel="noopener nofollow" target="_blank">
      Anatoly Yakovenko
     </a>
     is the most important person behind Solana. His professional career started at Qualcomm, where he quickly moved up the ranks and became senior staff engineer manager in 2015. Later on, his professional path shifted, and Yakovenko entered a new position as a software engineer at Dropbox.
    </p>
    <p>
     In 2017, Yakovenko started working on a project which would later materialize as Solana. He teamed up with his Qualcomm colleague
     <a href="#" rel="noopener nofollow" target="_blank">
      Greg Fitzgerald
     </a>
     , and they founded a project called Solana Labs. Attracting several more former Qualcomm colleagues in the process, the Solana protocol and SOL token were released to the public in 2020.
    </p>
    <h4 id="what-makes-solana-unique">
     What Makes Solana Unique?
    </h4>
    <p>
     One of the essential innovations Solana brings to the table is the proof-of-history (PoH) consensus developed by Anatoly Yakovenko. This concept allows for greater scalability of the protocol, which in turn boosts usability.
    </p>
    <p>
     Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
    </p>
    <p>
     The Solana protocol is intended to serve both small-time users and enterprise customers alike. One of Solana’s main promises to customers is that they will not be surprised by increased fees and taxes. The protocol is designed in such a way as to have low transaction costs while still guaranteeing scalability and fast processing.
    </p>
    <p>
     Combined with the longstanding professional expertise creators Anatoly Yakovenko and Greg Fitzgerald bring to the project, Solana is ranked number 7 in the CoinCu
     <a href="#">
      ranking
     </a>
     as of September 2021.
    </p>
    <p>
     This came on the back of an impressive bull run, where Solana price gained over 700% since mid-July 2021. The launch of the Degenerate Ape NFT collection sent SOL price to an
     <a href="#">
      all-time high
     </a>
     (ATH) above $60, and it has been climbing since, largely due to higher developer activity on the Solana ecosystem, greater institutional interest, growing DeFi ecosystem, and the rise of the NFTs and gaming vertical on Solana. Solana price rose to an ATH of $216 on Sept. 9, 2021.
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     Read more about
     <a href="#">
      Steem
     </a>
     .
    </p>
    <p>
     Check out
     <a href="#">
      Marlin
     </a>
     .
    </p>
    <p>
     Learn more about
     <a href="#">
      Decentralized Finance (DeFi)
     </a>
     .
    </p>
    <p>
     Curious about the crypto space? Read our educational section —
     <a href="#">
      Alexandria
     </a>
     .
    </p>
    <p>
     Want to keep track of Solana prices live? Download the
     <a href="#">
      CoinCu mobile app
     </a>
     !
    </p>
    <p>
     Want to convert Solana price today to your desired fiat currency? Check out
     <a href="#">
      CoinCu exchange rate calculator
     </a>
     .
    </p>
    <h4 id="how-many-solana-sol-coins-are-there-in-circulation">
     How Many Solana (SOL) Coins Are There in Circulation?
    </h4>
    <p>
     The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 260 million of these have already entered the market.
    </p>
    <p>
     The SOL token distribution is as follows: 16.23% went towards an initial seed sale, 12.92% of tokens were dedicated to a founding sale, 12.79% of SOL coins were distributed among team members and 10.46% of tokens were given to the Solana Foundation. The remaining tokens were already released for public and private sales or are still to be released to the market.
    </p>
    <p>
     Solana price during the initial seed sale, held on April 5, 2018, was $0.04. Given the recent ATH, that represents an impressive 5400X
     <a href="#">
      return on investment
     </a>
     (ROI).
    </p>
    <h3 id="how-is-the-solana-network-secured">
     How Is the Solana Network Secured?
    </h3>
    <p>
     Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (
     <a href="#">
      PoS
     </a>
     ) consensus mechanisms.
    </p>
    <p>
     Proof-of-history is the main component of the Solana protocol, as it is responsible for the bulk of transaction processing. PoH records successful operations and the time that has passed between them, thus ensuring the trustless nature of the blockchain.
    </p>
    <p>
     The proof-of-stake (PoS) consensus is used as a monitoring tool for the PoH processes, and it validates each sequence of blocks produced by it.
    </p>
    <p>
     The combination of two consensus mechanisms makes Solana a unique phenomenon in the blockchain industry.
    </p>
    <h3 id="where-can-you-buy-solana-sol">
     Where Can You Buy Solana (SOL)?
    </h3>
    <p>
     SOL tokens can be purchased on most exchanges. One choice to trade Solana is on
     <a href="#">
      Binance
     </a>
     , as it has the highest SOL/USDT trading volume, $753,103,225 as of September 2021.
    </p>
    <p>
     Next is
     <a href="#">
      Coinbase
     </a>
     , with a trading volume of $343,872,841. Other options to trade Solana include
     <a href="#">
      FTX
     </a>
     ,
     <a href="#">
      Bilaxy
     </a>
     and
     <a href="#">
      Huobi Globa
     </a>
     l. Of course, it is important to note that investing in cryptocurrency comes with a risk, just like any other investment opportunity.
    </p>
    <p>
     To check Solana price live in the fiat currency of your choice, you can use CoinCu’s converter feature directly on the
     <a href="#">
      Solana currency page
     </a>
     , or the dedicated exchange rate
     <a href="#">
      converter page
     </a>
     . Popular Solana price pairs include:
     <a href="#">
      SOL/USD
     </a>
     ,
     <a href="#">
      SOL/GBP
     </a>
     ,
     <a href="#">
      SOL/AUD
     </a>
     ,
$2 and
     <a href="#">
      SOL/EUR
     </a>
     .
    </p>
   </div>
  </div>
 </div>
 <div class="sc-101ku0o-2 exKUGw">
  <p>
   Our most recen

description

<p>Solana solves the many traditional issues that earlier blockchain technology experienced. Solana displays a new structure for verifying transactions and a more efficient consensus algorithm. The platform will definitely be a strong competitor with Bitcoin and Ethereum. Solana displays the fast advancements in the crypto industry in just mere 10 years. The platform will definitely be something to look out for as it continues to develop!</p>
<p><strong>Find more information about Solana:</strong></p>
<p><strong>Website</strong>:&nbsp;<a href="https://polygon.technology/" target="_blank" rel="noreferrer noopener">https://solana.com/</a></p>
<p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/0xPolygon" target="_blank" rel="noreferrer noopener">https://twitter.com/solana</a></p>
<p><strong>Github:</strong>&nbsp;<a href="https://github.com/solana-labs/" target="_blank" rel="noopener">https://github.com/solana-labs/</a></p>
<p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/solana" target="_blank" rel="noopener">https://t.me/solana</a></p>
<p><strong>Discord:</strong>&nbsp;<a href="https://discord.com/invite/polygon" target="_blank" rel="noreferrer noopener">https://discord.com/invite/pquxPsq</a></p>
<p><strong>Youtube:</strong>&nbsp;<a href="https://www.youtube.com/PolygonTV" target="_blank" rel="noreferrer noopener">https://www.youtube.com/channel/UC9AdQPUe4BdVJ8M9X7wxHUA</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com." target="_blank" rel="noreferrer noopener">ventures@coincu.com.</a></p>

Verdict

<h1 class="has-luminous-vivid-orange-color has-text-color">How Does Solana Work?</h1>
<ol class="has-normal-font-size" type="1">
<li>Input of transactions to the Leader</li>
<li>Leader will sequence the messages and orders them efficiently so that it can be processed by other nodes</li>
<li>The leader then executes the transactions on the current state that stores in the RAM&nbsp;</li>
<li>Leader will then publish the transactions and signature of the final state to Verifiers (replication nodes)</li>
<li>Verifiers will then execute the same transactions on their copies of the state and publish their signatures of the state if it receives confirmation</li>
<li>Published confirmations will then serve as votes for the consensus algorithm</li>
</ol>
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<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><img class="wp-image-32363" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 4" src="https://news.coincu.com/wp-content/uploads/2021/11/Screenshot-2020-08-13-at-1.32.49-PM.png" sizes="(max-width: 626px) 100vw, 626px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Screenshot-2020-08-13-at-1.32.49-PM.png 626w, https://news.coincu.com/wp-content/uploads/2021/11/Screenshot-2020-08-13-at-1.32.49-PM-300x203.png 300w" alt="how it work solana " width="626" height="423" loading="lazy" data-id="32363" data-pin-no-hover="true" /></figure>
</li>
</ul>
<p>&nbsp;</p>
</figure>
<h1 class="has-luminous-vivid-orange-color has-text-color">Economics and Supply</h1>
<h2><span id="Key_metrics" class="ez-toc-section"></span><strong>Key metrics</strong></h2>
<ul class="has-normal-font-size">
<li>Name:&nbsp;<strong>Solana</strong>.</li>
<li>Ticker:&nbsp;<strong>SOL</strong>.</li>
<li>Blockchain:&nbsp;<strong>Solana</strong>.</li>
<li>Consensus:&nbsp;<strong>Proof of Stake (PoS).</strong></li>
<li>Consensus Mechanism:&nbsp;<strong>Tower BFT.</strong></li>
<li>Token type:&nbsp;<strong>Utility Token.</strong></li>
<li>Subunits:&nbsp;<strong>Lamport (1 SOL = 2^34 Lamport).</strong></li>
<li>Block time:&nbsp;<strong>400ms.</strong></li>
<li>Avg. Transaction Time:&nbsp;<strong>50,000 &ndash; 65,000 TPS.</strong></li>
<li>Token Standard:&nbsp;<strong>SPL.</strong></li>
<li>Max Supply:&nbsp;<strong>1,000,000,000 SOL.</strong></li>
<li>Initial Total Supply:&nbsp;<strong>500,000,000 SOL.</strong></li>
<li>Current Total Supply:&nbsp;<strong>488,634,933 SOL.</strong></li>
<li>Circulating Supply:&nbsp;<strong>Updating&hellip;</strong></li>
</ul>
<h2><span id="SOL_Token_Allocation" class="ez-toc-section"></span><strong>SOL Token Allocation</strong></h2>
<p>Solana&rsquo;s total initial supply is 500 million SOL coins and is distributed in installments below:</p>
<ul class="has-normal-font-size">
<li>Seed Sale: 16.23%.</li>
<li>Founding Sale: 12.92%.</li>
<li>Validator Sale: 5.18%.</li>
<li>Strategic Sale: 1.88%.</li>
<li>Đấu gi&aacute; tr&ecirc;n CoinList: 1.64%.</li>
<li>Developers: 12.79%.</li>
<li>Solana Foundation: 10.46%.</li>
<li>Community Activities: 38.89%.</li>
</ul>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1024x358.png"><img class="wp-image-32392" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 6" src="https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1024x358.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1024x358.png 1024w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-300x105.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-768x269.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-750x263.png 750w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1-1140x399.png 1140w, https://news.coincu.com/wp-content/uploads/2021/11/Untitled-1.png 1280w" alt="token allocation" width="1024" height="358" loading="lazy" data-id="32392" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<h2><span id="SOL_token_release_schedule" class="ez-toc-section"></span><strong>SOL token release schedule</strong></h2>
<p>Solana&rsquo;s initial circulation of 16,350,633 SOL (3.27%) and 11,365,067 SOL (2.27%) were burned and removed from supply.</p>
<p>Thus, Solala will vesting 472,284,300 SOL (94.46%) in detail as follows:</p>
<ul class="has-normal-font-size">
<li><strong>Sale</strong>: 100% SOL vested on 07/01/2021.</li>
<li><strong>Team</strong>: On January 7, 2021, the team&rsquo;s SOL coin will start to be unlocked with the amount of 31,250,000 SOL, and the remaining &frac12; of the coin will be vesting gradually over 24 months.</li>
<li><strong>Community</strong>: Starting Vesting from May 1, 2020 with 8,000,000 SOL per month and ending on January 7, 2021.</li>
<li><strong>Foundation</strong>: Fully unlocked on January 7, 2021.</li>
</ul>
<p>Thus, on January 7, 2021, Solana&rsquo;s total unlocking volume (SOL) is 91.47% excluding inflationary rewards.</p>
<p><strong>Note</strong>:&nbsp;<em>All figures above are based on Initial Total Supply &ndash; 500 million SOL. SOL&rsquo;s Max Supply will reach 1 billion within 10 years.</em></p>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<ul class="blocks-gallery-grid">
<li class="blocks-gallery-item">
<figure><a href="https://news.coincu.com/wp-content/uploads/2021/11/download-1.png"><img class="wp-image-32709" title="Crypto for Beginners 101: Want to Buy Solana? What to Know Before You Decide 7" src="https://news.coincu.com/wp-content/uploads/2021/11/download-1.png" sizes="(max-width: 984px) 100vw, 984px" srcset="https://news.coincu.com/wp-content/uploads/2021/11/download-1.png 984w, https://news.coincu.com/wp-content/uploads/2021/11/download-1-300x128.png 300w, https://news.coincu.com/wp-content/uploads/2021/11/download-1-768x328.png 768w, https://news.coincu.com/wp-content/uploads/2021/11/download-1-750x320.png 750w" alt="token release schedule" width="984" height="420" loading="lazy" data-id="32709" data-pin-no-hover="true" /></a></figure>
</li>
</ul>
</figure>
<h2><span id="Token_Governance_and_Use_of_Funds" class="ez-toc-section"></span><strong>Token Governance and Use of Funds</strong></h2>
<p>SOL Coin will have the typical uses of a blockchain platform such as:</p>
<ul class="has-normal-font-size">
<li><strong>Fees</strong>: SOL will be used to pay fees in Solana&rsquo;s blockchain network such as transactions fee, smart contract fee, etc.</li>
<li><strong>Reward</strong>: SOL coin is used as a reward for Stakers/Nodes to ensure the stable operation of the network.</li>
<li><strong>Governance</strong>: SOL coin will be used for future governance voting.</li>
</ul>
<figure class="wp-block-gallery aligncenter columns-1 is-cropped">
<figure></figure>
</figure>

Technical Data

FTX Token (FTT) is a cryptocurrency launched in 2019and operates on the BNB Beacon Chain (BEP2) platform. FTX Token has a current supply of 333,564,712.6859715 with 137,695,376.61874375 in circulation. The last known price of FTX Token is 46.02729448 USD and is down -0.86 over the last 24 hours. It is currently trading on 114 active market(s) with $172,696,586.12 traded over the last 24 hours. More information can be found at https://ftx.com/.

FTX Token

<p><strong>FTT</strong>&nbsp;(FTX Token) is a token that serves as the backbone of the&nbsp;<strong>FTX ecosystem</strong>. The token is intricately&nbsp;<strong>designed</strong>&nbsp;to increase network effects and demands for the token, while also helping to decrease its circulating supply.&nbsp;FTT is a&nbsp;<strong>Utility</strong>&nbsp;Token, also a&nbsp;<strong>Native</strong>&nbsp;Token used in FTX Exchange, it has two versions in ERC-20 (Ethereum) and SPL (Solana).</p>
<p>&nbsp;</p>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_FTX_Token_FTT" class="ez-toc-section"></span>What is FTX Token (FTT)?</h1>
<p><a href="https://coinmarketcap.com/currencies/ftx-token/" target="_blank" rel="noreferrer noopener">FTX Token (FTT)</a>&nbsp;is the exchange token of the&nbsp;<a href="https://coinmarketcap.com/exchanges/ftx/" target="_blank" rel="noreferrer noopener"><strong>FTX</strong></a><strong>&nbsp;ecosystem</strong>&nbsp;and will serve as collateral for futures positions, getting discounts on trading fees, receiving OTC rebates, and more. The FTX trading platform provides leveraged tokens, OTC, and futures trading, and plans to become the&nbsp;<strong>top crypto&nbsp;derivatives&nbsp;exchange in the&nbsp;<a href="https://news.coincu.com/780-what-is-blockchain-video-guide/" target="_blank" rel="noreferrer noopener">blockchain</a>&nbsp;world</strong>. FTT&nbsp;is the utility token for the big international crypto derivatives exchange, FTX, which has attracted a lot of attention recently. FTX customers can use the token to reduce fees and earn interest. But if you&rsquo;re not an FTX customer, does it make sense to buy the coin? Here are some things to bear in mind.</p>
<h1 class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_Features" class="ez-toc-section"></span>Outstanding Features</h1>
<h2><span id="What_is_the_project_trying_to_achieve" class="ez-toc-section"></span><strong>What is the project trying to achieve?</strong></h2>
<p><strong>FTX</strong>&nbsp;is a&nbsp;<strong>cryptocurrency derivatives exchange</strong>&nbsp;that offers futures, leveraged tokens, and OTC trading. Currently, futures exchanges have many crippling flaws holding the space back. Our mission is to solve these problems and move the derivatives space toward becoming institutional grade. We launched FTX in April and already have among the world&rsquo;s most liquid order books.<br />FTX futures have traded more than&nbsp;<strong>$100m</strong>&nbsp;per day recently, and FTX OTC has traded another&nbsp;<strong>$30m</strong>. Our goal is to become as profitable as Bitmex and OKEx within a year. This is not an easy feat, but we&rsquo;ve received overwhelming support from top industry players who have reaffirmed the demand for a well-designed derivatives exchange. We want to scale up as quickly as possible and build a community of strong supporters, so we are conducting a token raise for people who want to help grow FTX.&nbsp;</p>
<h2><span id="What_is_the_unique_selling_point" class="ez-toc-section"></span><strong>What is the unique selling point?</strong></h2>
<p><strong>FTX</strong>&nbsp;was built with a lot of features to differentiate us from our competitors, but its greatest strength lies in the team behind it. We are confident that FTX has massive potential to&nbsp;<strong>rise to the top</strong>&nbsp;because we have proven time and time again our ability to enter a crowded market, disrupt the status quo and become one of the&nbsp;<strong>dominant players</strong>. We have consistently demonstrated our ability to innovate, execute and grow rapidly.<br />These qualities have served us well in helping us stay one step ahead of the competition. There is enormous untapped potential in the&nbsp;<strong>derivatives market</strong>, and we are excited to repeat our success with FTX. We&rsquo;d be ecstatic for investors and supporters to join us on this journey.</p>
<p><strong>FTX</strong>&nbsp;is&nbsp;<strong>backed</strong>&nbsp;by&nbsp;<strong>Alameda Research</strong>, a ~$100million AUM quantitative cryptocurrency trading firm. Within a year, Alameda Research became the largest liquidity provider and market maker in the space. Alameda trades $600 million to 1 billion a day, accounts for roughly 5% of global volume and is ranked 2nd on&nbsp;<a href="https://bitmex.com/app/leaderboard" target="_blank" rel="noopener">the BitMEX leaderboard</a>.</p>
<p><strong>One-third</strong>&nbsp;of all fees generated on FTX will be used for an FTT&nbsp;<strong>repurchase</strong>&nbsp;until at least half of all FTT is&nbsp;<strong>burned</strong>.&nbsp; Any FTT bought this way will be burned.</p>
<p><strong>FTT</strong>&nbsp;can be used as&nbsp;<strong>collateral</strong>&nbsp;for future Customers who hold a certain amount of FTT for a period of time and will receive&nbsp;<strong>lower</strong>&nbsp;FTX futures fees. This will further increase demand for FTT. For more information please click&nbsp;<a href="https://help.ftx.com/hc/en-us/articles/360024479432-Fees" target="_blank" rel="noopener">here</a>. positions. This increases utility and demand for FTT. The same applies when we launch margin trading in the future.</p>
<p>Read More: <a href="https://coincu.com/currencies/ftt-ftx-token/stories/">Click Here</a></p>

<div>
 <p>
 </p>
 <h2 id="who-are-the-founders-of-ftx-token">
  Who Are the Founders of FTX Token?
 </h2>
 <p>
  The FTX Token or FTT was founded by Sam Bankman-Fried and Gary Wang.
 </p>
 <p>
  Sam Bankman-Fried is the co-founder and chief executive officer at FTX: Cryptocurrency Derivatives Exchange. He is also the CEO of Almeda Research and worked as a director of development at the Centre for Effective Altruism. He was also a trader at Jane Street Capital from 2014 to 2017.
 </p>
 <p>
  Bankman-Fried studied physics and has a bachelor’s degree from the Massachusetts Institute of Technology.
 </p>
 <p>
  Gary Wang is the co-founder and chief technology officer at FTX: Cryptocurrency Derivatives Exchange. He is also the chief technology officer at Almeda Research. Before this, he worked as a software engineer, after moving up from a software engineering intern at Google. He was also a software engineer intern at Facebook.
 </p>
 <p>
  He has a Bachelor's degree in mathematics and computer science from the Massachusetts Institute of Technology.
 </p>
 <h2 id="what-makes-ftx-token-unique">
  What Makes FTX Token Unique?
 </h2>
 <p>
  FTX is backed by Almeda Research, which is known as one of the leading companies in crypto trading and one of the largest liquidity providers.
 </p>
 <p>
  As such, FTX is a product designed by professionals with confirmed expertise in the industry. They cover multiple services: from collateral to maintenance margin to liquidation processes and product listing. FTX also claims to be focused on fast development cycles, allowing them to deploy crypto trading systems at a competitive pace.
 </p>
 <h4 id="related-pages">
  Related Pages:
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 <p>
  Learn more about
  <a href="#">
   TomoChain
  </a>
  .
 </p>
 <p>
  Learn more about
  <a href="#">
   Aave
  </a>
  .
 </p>
 <p>
  Learn more about
  <a href="#">
   mining Monero
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  .
 </p>
 <p>
  Discover a lot more crypto news on our
  <a href="#">
   CoinCu blog
  </a>
  .
 </p>
 <h2 id="how-many-ftx-token-ftt-coins-are-there-in-circulation">
  How Many FTX Token (FTT) Coins Are There in Circulation?
 </h2>
 <p>
  FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading with a focus on institutional-grade solutions.
 </p>
 <p>
  The FTX Token is the backbone of the FTX ecosystem, which was designed to increase network effects and demand for FTT as well as decrease its circulating supply.
 </p>
 <p>
  FTT has a circulating supply of around 94 million tokens as of February 2021 and a total supply of about 345 million.
 </p>
 <h2 id="how-is-the-ftx-token-network-secured">
  How Is the FTX Token Network Secured?
 </h2>
 <p>
  FTT is an ERC-20-compatible exchange token. The Ledger Nano X/S hardware wallet allows users to securely store and manage the FTT tokens via its Ethereum app.
 </p>
 <p>
  Both the FTT and the leveraged tokens security audits are done by the Blockchain Consilium auditing firm.
 </p>
 <h2 id="where-can-you-buy-ftx-token-ftt">
  Where Can You Buy FTX Token (FTT)?
 </h2>
 <p>
  FTX Token or FTT can be purchased, sold and traded on several exchanges, including:
 </p>
 <p>
  <a href="#">
   Binance JEX
  </a>
 </p>
 <p>
  <a href="#">
   HitBTC
  </a>
 </p>
 <p>
  <a href="#">
   FTX
  </a>
 </p>
 <p>
  <a href="#">
   Huobi Global
  </a>
 </p>
 <p>
  <a href="#">
   Binance
  </a>
 </p>
 <p>
  If this is your first time purchasing, trading, or selling Bitcoin, you can
  <a href="#">
   learn more about the process here
  </a>
  .
 </p>
</div>
<div class="sc-101ku0o-2 exKUGw">
 <p>
  Our most recent articles about
  
  FTX Token
  
  :
 </p>
 <ul>
  <li>
   <a href="#">
    What Is FTX Token (FTT)? Features, Tokenomics and Price Prediction
   </a>
  </li>
 </ul>
</div>

<h2><strong>Token Metrics</strong></h2>
<ul>
<li>Token Name:&nbsp;<strong>FTX Token</strong></li>
<li>Ticker:&nbsp;<strong>FTT</strong></li>
<li>Contract:&nbsp;<strong>0x50d1c9771902476076ecfc8b2a83ad6b9355a4c9</strong></li>
<li>Decimal:&nbsp;<strong>18</strong></li>
<li>Blockchain:&nbsp;<strong>Ethereum</strong></li>
<li>Token Standard:&nbsp;<strong>ERC-20</strong></li>
<li>Token Type:&nbsp;<strong>Utility Token, Exchange Token.</strong></li>
<li>Total Supply:&nbsp;<strong>332,767,892 FTT</strong></li>
</ul>
<h2><span id="Token_Allocation" class="ez-toc-section"></span><strong>Token Allocation</strong></h2>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><img class="wp-image-84295" title="What is FTX Token ($FTT)? TOP 1 potential exchange token? 2" src="https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1-1024x582.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1-1024x582.png 1024w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1-300x171.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1-768x436.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1-750x426.png 750w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1-1140x648.png 1140w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-allocation-1.png 1434w" alt="Token Allocation" width="1024" height="582" loading="lazy" data-id="84295" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h2><span id="Token_Sale" class="ez-toc-section"></span><strong>Token Sale</strong></h2>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><img class="wp-image-84294" title="What is FTX Token ($FTT)? TOP 1 potential exchange token? 3" src="https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-1024x343.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-1024x343.png 1024w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-300x101.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-768x258.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-1536x515.png 1536w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-750x251.png 750w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng-1140x382.png 1140w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-salepng.png 1843w" alt="Token sale" width="1024" height="343" loading="lazy" data-id="84294" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h2><span id="Token_Release_Schedule" class="ez-toc-section"></span><strong>Token Release Schedule</strong></h2>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><img class="wp-image-84293" title="What is FTX Token ($FTT)? TOP 1 potential exchange token? 4" src="https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-1024x550.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-1024x550.png 1024w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-300x161.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-768x413.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-1536x825.png 1536w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-750x403.png 750w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng-1140x613.png 1140w, https://news.coincu.com/wp-content/uploads/2022/04/ftx-token-ftt-release-schedulepng.png 1578w" alt="Token release schedule" width="1024" height="550" loading="lazy" data-id="84293" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<h2><span id="Token_Use_Case" class="ez-toc-section"></span><strong>Token Use Case</strong></h2>
<ul>
<li><strong>Trading Fees:&nbsp;</strong>FTX futures trading fees are less and OTC spreads are tighter as compared to other crypto exchanges.</li>
</ul>
<ul>
<li><strong>White Label Solutions:</strong>&nbsp;A white label variant of the FTX OTC site and futures market has piqued the curiosity of crypto institutions and large investors for which the purchase will be offered in FTT token.</li>
<li><strong>FTT as Collateral:</strong>&nbsp;To increase the demand for FTT in the long run, it can be used as collateral in futures trading.</li>
<li><strong>FTT Token Value:&nbsp;</strong>The value of the FTT token is directly proportional to the future expansion and upgrades of the FTX platform. Holders of the FTT token can expect a rise in their holdings as the price of FTT increases.</li>
<li><strong>Create Leveraged Token Listing:</strong>&nbsp;Upcoming projects can pay a fee and generate leveraged tokens with their coin.</li>
<li><strong>Token Burn/Revenue Share:</strong>&nbsp;The FTT that is bought from FTX will have a transaction fee, one-third of which will be utilized to repurchase FTT tokens and later become a part of the burning process.</li>
</ul>
<figure class="wp-block-image size-large"><img class="wp-image-84227" title="What is FTX Token ($FTT)? TOP 1 potential exchange token? 5" src="https://news.coincu.com/wp-content/uploads/2022/04/image-392-1024x613.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/image-392-1024x613.png 1024w, https://news.coincu.com/wp-content/uploads/2022/04/image-392-300x180.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/image-392-768x460.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/image-392-750x449.png 750w, https://news.coincu.com/wp-content/uploads/2022/04/image-392-1140x682.png 1140w, https://news.coincu.com/wp-content/uploads/2022/04/image-392.png 1420w" alt="Token Burn/Revenue Share" width="1024" height="613" loading="lazy" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
<ul>
<li><strong>Extra Gains For FTT Holders:</strong>&nbsp;When big market fluctuations will occur in the crypto market, FTT holders will profit from the FTX backup liquidity fund.</li>
<li><strong>Staking FTT:&nbsp;</strong>Receiving IEO tickets; Free fee transferring ERC-20 Token; Higher Referral Rate; e.t.c</li>
</ul>

<h1 class="has-luminous-vivid-orange-color has-text-color">Verdict</h1>
<p>So far&nbsp;<strong>FTX</strong>&nbsp;has been offered exclusive partnerships and acquisition interest from various crypto&nbsp;<strong>institutions</strong>. They have turned down these&nbsp;<strong>opportunities</strong>&nbsp;because they strongly believe in our ability to make FTX a success.</p>
<p><strong>Find more information about</strong>&nbsp;<strong>FTT</strong>:</p>
<p><strong>Website:</strong>&nbsp;<a href="https://ftx.com/" target="_blank" rel="noreferrer noopener">https://ftx.com/</a></p>
<p><strong>Whitepaper:</strong>&nbsp;<a href="https://docs.google.com/document/d/1u5MOkENoWP8PGcjuoKqRkNP5Gl1LLRB9JvAHwffQ7ec/view" target="_blank" rel="noreferrer noopener">https://docs.google.com/document/d/1u5MOkENoWP8PGcjuoKqRkNP5Gl1LLRB9JvAHwffQ7ec/view</a></p>
<p><strong>Twitter:</strong>&nbsp;<a href="https://twitter.com/droppgg" target="_blank" rel="noreferrer noopener">https://twitter.com/FTX_Official</a></p>
<p><strong>Telegram:</strong>&nbsp;<a href="https://t.me/FTX_Official" target="_blank" rel="noreferrer noopener" data-type="URL">https://t.me/FTX_Official</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do</p>

<h2><strong>Investors</strong></h2>
<p>The most notable backer is, of course,&nbsp;<strong>Alameda Research</strong>.</p>
<figure class="wp-block-gallery has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><img class="wp-image-86417" title="What is FTX Token ($FTT)? TOP 1 potential exchange token? 6" src="https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-1024x576.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-1024x576.png 1024w, https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-768x432.png 768w, https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-1536x864.png 1536w, https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-2048x1152.png 2048w, https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-750x422.png 750w, https://news.coincu.com/wp-content/uploads/2022/05/FTX-Investors-1140x641.png 1140w" alt="FTX Investors" width="1024" height="576" loading="lazy" data-id="86417" data-pin-no-hover="true" />
<figcaption>What is FTX Token ($FTT)? TOP 1 potential exchange token? 8</figcaption>
</figure>
</figure>
<h2><span id="Team" class="ez-toc-section"></span><strong>Team</strong></h2>
<p>FTX is led by&nbsp;<a href="https://www.crunchbase.com/person/sam-bankman-fried" target="_blank" rel="noopener">Sam Bankman-Fried</a>, the most influential KOL in cryptocurrency and he is one of the richest people in this market.</p>
<figure class="wp-block-image size-full"><img class="wp-image-84437" title="What is FTX Token ($FTT)? TOP 1 potential exchange token? 7" src="https://news.coincu.com/wp-content/uploads/2022/04/image-400.png" sizes="(max-width: 823px) 100vw, 823px" srcset="https://news.coincu.com/wp-content/uploads/2022/04/image-400.png 823w, https://news.coincu.com/wp-content/uploads/2022/04/image-400-300x192.png 300w, https://news.coincu.com/wp-content/uploads/2022/04/image-400-768x492.png 768w, https://news.coincu.com/wp-content/uploads/2022/04/image-400-750x480.png 750w" alt="image 400" width="823" height="527" loading="lazy" data-pin-no-hover="true" /></figure>

Team and Backers

Serum (SRM) is a cryptocurrency launched in 2020. Serum has a current supply of 1,092,844,982 with 133,231,781 in circulation. The last known price of Serum is 2.06843854 USD and is down -1.75 over the last 24 hours. It is currently trading on 130 active market(s) with $82,981,557.70 traded over the last 24 hours. More information can be found at https://projectserum.com/.

Serum

<h2 class="MuiBox-root jss8399"><strong>Token Usage</strong></h2>
<div class="MuiBox-root jss8400">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Key Info</h3>
<div class="jss8475">Token Type: ERC-20, SPL. Token Uses: Discount, Dividends, Vote</div>
<div class="MuiBox-root jss8485 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">SRM is Serum&rsquo;s governance token that is primarily an SPL token (Solana's token standard) but is cross-listed as an ERC-20 on Ethereum. Users receive limited governance rights over Serum in proportion to their holdings. Serum also uses 80% of the revenue generated by the exchange to buy back and burn SRM tokens every week. The remaining 20% gets distributed to SRM stakers that have locked their holding in Serum's staking contract.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">There are two types of Serum tokens: SRM and MegaSerum (MSRM). Both tokens give holders governance rights over Serum and reduced trading fees on Serum. They also enable activate participants to receive staking rewards (cut of protocol revenue) and benefit from Sereum's buy-and-burn mechanism. MSRM can be created when users lock up 1,000,000 SRM together. The supply of MSRM is capped at 1,000 MSRM (or 10% of total SRM). Each MSRM receives slightly more rewards than 1 million SRM and is required to run a validator node. Locked SRM and MSRM still gets fee discounts and can participate in governance.</p>
</div>
</div>
<h2><strong>Launch &amp; Initial Token Distribution</strong></h2>
<div class="MuiBox-root jss8400">
<div class="MuiBox-root jss8487 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Project Serum hosted <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://projectserum.com/ieo-rules" target="_blank" rel="noreferrer noopener">two simultaneous</a> initial exchange offerings (IEOs) for the SRM token on Aug. 7, 2020. The two exchanges (FTX and BitMax) exchange sold 3 million SRM at a price of roughly $0.11/token (or $660,000 in total). KYC was required for both IEOs, and a cap of 1,800 participants was set between both exchanges.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Prior to the IEOs, pre-sales were held for 400 MegaSerum (equivalent to 400 million SRM, or ~4% of the total supply), raising a total of roughly ~$20m. all pre-sales are locked up over the next 1-7 years from the time of the sale.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">The SRM distribution is projected as follows:</p>
<ul>
<li>20%: Team and Advisors</li>
<li>22%: Project Contributors</li>
<li>4%: Locked Seed and Auction Purchasers</li>
<li>27%: Partner and Collaborator Fund</li>
<li>27%: Ecosystem Incentive Fund</li>
</ul>
</div>
<h3 class="MuiTypography-root MuiTypography-h3">Funding Rounds</h3>
</div>
<ol>
<li>Seed Round $20.00M Private 0.40K SRM Allocated Pre-sales was held for 400 MegaSerum (equivalent to 400 million SRM, or ~4% of the total supply), raising a total of roughly ~$20m; all pre-sales are locked up over next 1-7 years from the time of the sale.</li>
<li>IEO (FTX) $0.33M Aug 2020 Token Sale 08/07/2020 - 08/07/2020 3.00M SRM Allocated $0.11 per SRM All SRM won in the IEO became fully tradable and unlocked when SRM was listed on exchanges on 8/11/2020</li>
<li>IEO (BitMax) $0.33M Aug 2020 Token Sale 08/07/2020 - 08/07/2020 3.00M SRM Allocated $0.11 per SRM All SRM won in the IEO became fully tradable and unlocked when SRM was listed on exchanges on 8/11/2020</li>
</ol>
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Initial Supply Breakdown</h3>
<div class="MuiBox-root jss8526">
<div class="jss8475">Launch Style: Initial Exchange Offering, Private Sale. Distribution Date: 08/11/2020. Initial Supply: 175,000,000</div>
</div>
<div class="MuiBox-root jss8399">&nbsp;</div>
<h2 class="MuiBox-root jss8399"><strong>Supply Schedule</strong></h2>
<div class="MuiBox-root jss8400">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Key Info</h3>
<div class="jss8475">General Emission Type: Fixed Supply. Precise Emission Type: Fixed Supply. Capped Supply: Yes</div>
<div class="MuiBox-root jss8535">
<div class="MuiBox-root jss8536">
<h3 class="MuiTypography-root MuiTypography-h3">Liquid Supply Curve</h3>
<div class="MuiButtonBase-root MuiButton-root MuiButton-outlined jss8551 MuiButton-outlinedSizeSmall MuiButton-sizeSmall" tabindex="0" role="button" aria-disabled="false"><span class="MuiButton-label">Updating</span></div>
</div>
</div>
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Details</h3>
<div class="MuiBox-root jss8549 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">10% of all SRM tokens begin unlocked. The remaining 90% all have the same unlock schedule - they are fully locked for the first year, and then unlock linearly over the next 6 years, approximately 1/2190 per day. All seed sales were locked.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">The protocol uses 80% of the fees it generates to buy back and burn SRM tokens. These buy and burns are conducted approximately every week. The details of each burn like their Transaction IDs and amount can be found <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://projectserum.com/srm-faq" target="_blank" rel="noreferrer noopener">here</a>.</p>
</div>
</div>
<p>&nbsp;</p>

Token Economics

<h2 class="MuiBox-root jss8399"><strong>Overview</strong></h2>
<p>Serum is a decentralized exchange (DEX) built on the Solana blockchain by Serum Foundation; the foundation was created by FTX and Alameda Research. Serum features an on-chain central limit order book (CLOB), unlike many other DEXs that run on automated market-makers (AMM).</p>
<div class="MuiBox-root jss8400">
<h2 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">History</h2>
<div class="MuiBox-root jss8406 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Serum is a decentralized exchange (DEX) and ecosystem built on Solana. It was created by Serum Foundation, a consortium of partners including FTX, Alameda Research, and the Solana Foundation. Serum's whitepaper was published in July 2020. According to this whitepaper, the project aims to solve several underlying weaknesses in pre-existing DEXs, such as lack of orderbooks in AMMs and inadequate cross-chain support. Serum selected Solana as its Layer-1 protocol since it provides faster and cheaper transactions compared to Ethereum. Solana's more efficient processing capabilities allowed Serum to feature a fully on-chain and programmatic matching engine.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph"><strong>Road Ahead</strong></p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">With a familiar central-limit orderbook (CLOB) and strong backing from FTX, Serum has become a fast-growing DEX. FTX and Alameda Research have also contributed by supporting and backing synergistic products to complement Serum, such as Bonfida (a data analytics engine and GUI for Serum), Oxygen (a DeFi prime brokerage protocol), and Raydium (AMM that provides liquidity to Serum orderbooks).</p>
</div>
</div>
<p>&nbsp;</p>
<h2 class="MuiBox-root jss8399"><strong>Roadmap</strong></h2>
<div class="MuiBox-root jss8400">
<div class="jss8420">
<div class="MuiBox-root jss8421">
<h3 class="MuiTypography-root MuiTypography-h4">Serum DEX Launch</h3>
</div>
<div class="jss8424">Date: August 2020. Type: Mainnet Launch</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8427">
<h3 class="MuiTypography-root MuiTypography-h4">Cross-Chain Bridge</h3>
</div>
<div class="jss8424">Date: TBC. Type: Network Integration</div>
<div class="MuiBox-root jss8428">
<div class="MuiBox-root jss8429 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Solana achieved cross-chain bridge via sollet.io in which users can convert between ERC20 and SPL tokens</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8431">
<h3 class="MuiTypography-root MuiTypography-h4">EcoSerum Grants</h3>
</div>
<div class="jss8424">Date: January 2021. Type: Grants Program Launch</div>
<div class="MuiBox-root jss8432">
<div class="MuiBox-root jss8433 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">A <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://docs.projectserum.com/serum-ecosystem/building-on-our-vision/ecoserum-support" target="_blank" rel="noreferrer noopener">grants program</a> was initiated to incentivize and incubate promising projects that compose directly with Serum and support the ecosystem.</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8435">
<h3 class="MuiTypography-root MuiTypography-h4">On-Chain Staking</h3>
</div>
<div class="jss8424">Date: March 2021. Type: Staking Launch</div>
<div class="MuiBox-root jss8436">
<div class="MuiBox-root jss8437 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">A staking program accessible via <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://stake.projectserum.com/#/" target="_blank" rel="noreferrer noopener">web page</a> where users can stake SRM on-chain for yield (locked and unlocked).</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8439">
<h3 class="MuiTypography-root MuiTypography-h4">Serum V3</h3>
</div>
<div class="jss8424">Date: March 2021. Type: Upgrade</div>
<div class="jss8424">&nbsp;</div>
<div class="jss8424">A series of upgrades to the Serum DEX was <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://github.com/project-serum/serum-dex-ui/commit/4351dd0abf7b69e20c8fef906bf475d79bc8a133" target="_blank" rel="noreferrer noopener">released</a>.</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8443">
<h3 class="MuiTypography-root MuiTypography-h4">Anchor</h3>
</div>
<div class="jss8424">Date: June 2021. Type: Software Release</div>
<div class="MuiBox-root jss8444">
<div class="MuiBox-root jss8445 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">A framework for Solana's SeaLevel runtime that provides several convenient developer tools for those building apps on Solana, making it easier for apps to build directly on Serum.</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8447">
<h3 class="MuiTypography-root MuiTypography-h4">Serum V4</h3>
</div>
<div class="jss8424">Date: June 2021. Type: Upgrade</div>
<div class="MuiBox-root jss8448">
<div class="MuiBox-root jss8449 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">A series of important upgrades to the DEX.</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8451">
<h3 class="MuiTypography-root MuiTypography-h4">Customizable Fees</h3>
</div>
<div class="jss8424">Date: August 2021. Type: Feature Release</div>
<div class="MuiBox-root jss8452">
<div class="MuiBox-root jss8453 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Options for reduced fees; to be used in, for instance, stablecoin &lt;&gt; stablecoin markets: available for teams that are building stable swap protocols that compose with Serum</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8455">
<h3 class="MuiTypography-root MuiTypography-h4">Permissioned Markets</h3>
</div>
<div class="jss8424">Date: August 2021. Type: Software Relase</div>
<div class="MuiBox-root jss8456">
<div class="MuiBox-root jss8457 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Framework for the creation of Permissioned Markets on Serum</p>
</div>
</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8459">
<h3 class="MuiTypography-root MuiTypography-h4">Automatic settlement using Associated Token Accounts</h3>
</div>
<div class="jss8424">Date: September 2021. Type: Feature Release</div>
</div>
<div class="jss8420">
<div class="MuiBox-root jss8461">
<h3 class="MuiTypography-root MuiTypography-h4">Institutional Access</h3>
</div>
<div class="jss8424">Date: February 2022</div>
<div class="MuiBox-root jss8462">
<div class="MuiBox-root jss8463 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Building out standardized API interfaces to the Serum DEX and projects in the Serum Ecosystem, supporting REST, WebSocket, and FIX access.</p>
</div>
</div>
</div>
</div>

<div>
 <div>
  <div class="sc-2qtjgt-0 eApVPN">
   <div>
    <h2 id="what-is-serum">
     What Is Serum?
    </h2>
    <p>
     Serum is a decentralized exchange (
     <a href="#">
      DEX
     </a>
     ) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi). (
     <a href="#">
      DeFi
     </a>
     ).
    </p>
    <p>
     Serum is the only high-performant DEX designed around a fully on-chain central limit order book and matching engine. Ecosystem partners can compose with Serum’s on-chain orderbook to share liquidity and power their trading features for institutional and retail users.
    </p>
    <p>
     In light of the popularity of DeFi and the growth of DEXes on Ethereum, users and developers are limited by high gas costs and slow transactions. Serum aims to resolve these traditional problems of DeFi, as well as issues of centralization, low capital efficiency, and liquidity segmentation.
    </p>
    <p>
     The SRM utility and governance token enables users to receive discounts on protocol fees and voting rights; 100% of exchange fees flow back to SRM via buy-and-burn, staking rewards, and ecosystem grants.
    </p>
    <h3 id="who-are-the-founders-of-serum-">
     Who Are the Founders of Serum?
    </h3>
    <p>
     Serum is an open source project created by a consortium of partners including FTX, Alameda Research, and the Solana Foundation.
    </p>
    <p>
     Its development is currently supported by the Serum Foundation, backed by a group of experts in cryptocurrency, trading and decentralized finance. The project borrows much of its design and thought leadership from a wide number of firms in the cryptocurrency and finance industries.
    </p>
    <h4 id="what-makes-srm-unique-">
     What Makes SRM Unique?
    </h4>
    <p>
     Serum DEX’s on-chain central limit order book and matching engine provides liquidity and price-time-priority matching to traders and composing projects. Users benefit from this exchange model through the ability to choose the price, size and direction of their trades. Composing projects benefit from Serum’s existing architecture, bootstrapped liquidity, and matching service.
    </p>
    <h4 id="related-pages">
     Related Pages:
    </h4>
    <p>
     Learn more about
     <a href="#" rel="noopener nofollow" target="_blank">
      Serum
     </a>
     .
    </p>
    <p>
     Learn more about
     <a href="#" rel="noopener nofollow" target="_blank">
      Solana
     </a>
     .
    </p>
    <p>
     Learn more about the world of cryptocurrencies at the
     <a href="#">
      CoinCu blog
     </a>
     .
    </p>
    <h4 id="how-many-serum-srm-coins-are-there-in-circulation-">
     How Many Serum (SRM) Coins Are There in Circulation?
    </h4>
    <p>
     Serum’s (SRM) circulating supply is at 54,861,111 SRM as of August 2021, with a maximum supply of 10,000,000,000 SRM.
    </p>
    <h3 id="how-is-the-serum-network-secured">
     How Is the Serum Network Secured?
    </h3>
    <p>
     Serum is built on Solana and is completely permissionless. Solana is a web-scale blockchain that can reach 50,000 transactions per second and 400ms block times. This is achieved through a verifiable delay function, known as SHA 256 hash chain. Serum’s design is meant to ensure that DeFi can compete against centralized services.
    </p>
    <h3 id="where-can-you-buy-serum-srm">
     Where Can You Buy Serum (SRM)?
    </h3>
    <p>
     Serum (SRM) can be bought and sold on a number of exchanges, including the following:
    </p>
    <ul>
     <li>
      <a href="#">
       Binance
      </a>
     </li>
     <li>
      <a href="#">
       OKEx
      </a>
     </li>
     <li>
      <a href="#">
       HBTC
      </a>
     </li>
     <li>
      <a href="#">
       BitZ
      </a>
     </li>
     <li>
      <a href="#">
       Xtheta Global
      </a>
     </li>
     <li>
      <a href="#">
       FTX
      </a>
     </li>
    </ul>
    <p>
     If you are new to buying, selling, or trading cryptocurrencies, you can read our Bitcoin buying
     <a href="#">
      guide
     </a>
     .
    </p>
   </div>
  </div>
 </div>
</div>

<h2><strong>Governance</strong></h2>
<div class="MuiBox-root jss8400">
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">Key Info</h3>
<div class="jss8475">Governance Type: Direct On-Chain Vote, Delegated On-Chain Vote</div>
<div class="MuiBox-root jss8478 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Serum launched a limited governance model, with on-chain governance based on the SRM token. While most of the Serum ecosystem will be immutable, some parameters without large security risks (e.g. future fees) can be modified via a governance vote of SRM tokens.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Serum announced plans to increase governance functionality for Serum on Sept. 27, 2021. The newly introduced governance features include voting rights to Features users want to see in the Serum protocol, grants to be collectively voted on, and the fee structure and other DEX parameters.</p>
</div>
<h3 class="MuiTypography-root MuiTypography-h3 MuiTypography-gutterBottom">On-Chain Governance Details</h3>
<div class="MuiBox-root jss8480 jss8403">
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph"><strong>Proposal submission</strong></p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">A node may propose a rules change for 50,000 SRM, which is deducted from the proposer's overall asset pool. If the rules change passes, the 50,000 SRM is returned. otherwise, the initial deposit gets burned.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph"><strong>Voting</strong></p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">A node may be designated as a &lsquo;voting-stake&rsquo; node or a &lsquo;delegated-stake&rsquo; node. In a voting-stake node, each staker votes independently, and the majority vote of the node determines its behavior. In a delegated-stake node, each node&rsquo;s leader chooses how they vote. Whenever submissions are requested from a node, any staker may propose a response to the node. A delegated-stake node&rsquo;s leader chooses which response to submit, and a voting-stake node has a vote among their stakers to decide what to submit.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Proposals require more than 60% of the world&rsquo;s total staked SRM voting in favor to pass (this parameter may be further changed via a proposal, within bounds).</p>
</div>
</div>

Governance

<h2 class="MuiBox-root jss8399"><strong>Technology</strong></h2>
<div class="MuiBox-root jss8400">
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<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Serum is a protocol that facilitates the exchange of tokens on the Solana blockchain. Most DEXs use an automated market maker (AMM) model as opposed to an orderbook since Ethereum's relatively long latency makes an on-chain matching engine inefficient. Serum was able to use an on-chain central limit orderbook (CLOB) because it built its protocol on Solana. Solana produces blocks every 400&ndash;600ms, more than 10x faster than Ethereum's 14 second block times (on average).</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">The short block time and high throughput per second of Solana enable Serum to offer users very low transaction fees and sub-second trading and settlement times. The CLOB also allows liquidity to be aggregated across pools, instead of liquidity being fragmented across protocols. For example, Raydium (an AMM built on Solana blockchain) shares liquidity with the Serum order book. Trades coming from Raydium can also pull liquidity from any protocol integrated with Serum DEX, and vice versa, thus potentially providing more fees for liquidity providers through greater volume.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Aside from its CLOB, another focus of Project Serum is cross-chain interoperability. Solana announced Wormhole on Oct. 8, 2020, a decentralized Solana-Ethereum cross-chain bridge that would allow Serum users to exchange assets between chains.</p>
<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">The Serum team intends to explore more financial opportunities over time, including borrowing/lending, additional cross-chain bridges, and margin trading</p>
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<h3 class="MuiTypography-root MuiTypography-h3">Audits</h3>
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<h4 class="MuiTypography-root MuiTypography-h4">ERC-20 Token Audit</h4>
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<p class="MuiTypography-root jss8402 MuiTypography-body2 MuiTypography-paragraph">Auditor: Blockchain Consilium, a certified smart contract auditor.</p>
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Technology

Wrapped Solana (SOL) is a cryptocurrency and operates on the Solana platform. Wrapped Solana has a current supply of 0. The last known price of Wrapped Solana is 98.55748372 USD and is down -0.45 over the last 24 hours. It is currently trading on 11 active market(s) with $2,221,516.43 traded over the last 24 hours. More information can be found at https://solana.com/.

Wrapped Solana

SOL RUNE - Rune.Game

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     An ancient rune used in magical craft. It is #12 in the Rune Codex. Rune Game is aiming to be a leading NFT platform in crypto gaming. Rune launches yield farms as a way to acquire NFTs that can be combined into other NFTs called Rune Words. Characters and Guilds on the platform will gain certain farm bonuses or NFT rewards depending on their attributes. We are a fair launch project with no investors, no presale and no premine.
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