• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Cryptocurrency CryptoLocally And Serum Announce Mutual Listing Of Tokens
Nexo

CryptoLocally And Serum Announce Mutual Listing Of Tokens

Himadri Saha by Himadri Saha
1 year ago
in Industry
0
Advertisement

After already having collaborated in the past, CryptoLocally, a peer-to-peer (P2P) cryptocurrency trading platform, and Serum, which is an ultra-scalable decentralized exchange (DEX) for cryptocurrencies and derivatives, have now announced the mutual listing of SRM and GIV tokens on CryptoLocally’s decentralized P2P exchange as well as Serum’s DEX. 


For CryptoLocally users, this means that buying and selling SRM on CryptoLocally’s exchange is now simplified. Instead of having to buy Bitcoin or Ethereum to be able to buy or sell SRM, users now have access to over 40 local and international payment options and are protected by CryptoLocally’s smart contract-enhanced escrow service.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Serum, which is backed by FTX, is the leading crypto derivatives exchange platform, and SRM is the native Solana Program Library (SPL) token of its DEX. Serum’s DEX was designed with speed and low transaction costs in mind and is built on the Solana blockchain to provide fast, scalable, as well as cost-effective trades.

Some of the features the Serum DEX provides to its users are sub-second trading/settlement, on-chain order books, as well as very low transaction fees, costing 1/1,000th of a cent. With a total supply of 10 billion tokens, SRM is mainly used to reduce fees on Serum’s DEX as well as stake rewards. However, the SRM token also empowers holders with specific on-chain governance powers.

With the listing of CryptoLocally’s GIV token on the Serum DEX, Solana is the third blockchain to support CryptoLocally’s native token that enables users to participate in the shared governance model of its platform. Like SRM, GIV is currently cross-listed as an ERC20 token, but thanks to the partnership, it will also be issued as an SPL token on the Solana blockchain.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

GIV primarily serves as a governance token through the GIVernance program, a shared governance model created by CryptoLocally, but it is also an integral part of CryptoLocally’s decentralized finance (DeFi) program.

Next steps in the partnership

After Serum and CryptoLocally initially partnered up in September 2020, the next step was for Solana’s digital currency, called SOL, to be listed on CryptoLocally’s exchange. This happened in February 2021, which now makes SRM the second Solana-based cryptocurrency to be featured on the CryptoLocally P2P exchange.

To provide the best user experience and strengthen its position, the next step for CryptoLocally is the integration of Serum’s DeFi features. It is currently working on integrating Serum’s DeFi features into its finance wallet, so users will soon be able to leverage Serum DeFi.

The listing of SRM is part of CryptoLocally’s plan to support the Solana blockchain and will enhance the rapidly growing DeFi ecosystem of its platform. Further, by integrating Serum into CryptoLocally’s Finance wallet for DeFi features, listing Solana as well as supporting its SPL token conversion, and running its own Serum node, CryptoLocally will reinforce its position as the only truly decentralized P2P marketplace with DeFi integration.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Himadri Saha

Himadri Saha

Related Posts

TDeFi Empowers DeFi & Digital Asset Projects with its Comprehensive Incubation

TDeFi Empowers DeFi & Digital Asset Projects with its Comprehensive Incubation

2 days ago
For Freedom: Julian Assange Subject of NFT Drop At Venice Biennale

For Freedom: Julian Assange Subject of NFT Drop At Venice Biennale

2 days ago
CoinEx | A Fool-proof Guide to CoinEx’s Contract Data!

CoinEx | A Fool-proof Guide to CoinEx’s Contract Data!

4 days ago
Bear market: is it a serious threat to cybersecurity tokens?

Bear market: is it a serious threat to cybersecurity tokens?

5 days ago
REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

5 days ago
The Future Crops of Tokenization: An Interview with Darya Novgorodkina, CEO of AgroGloryTime

The Future Crops of Tokenization: An Interview with Darya Novgorodkina, CEO of AgroGloryTime

6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.