Serum

Solana

Raydium

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/what-is-raydium-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Raydium Coin?</a><br></p>
<p style="text-align: justify">Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).</p>
<div style="text-align: justify">
 <h2 id="what-is-raydium-ray">What is Raydium (RAY)?</h2>
 <p>Unlike other AMMs, Raydium provides liquidity to a centralized limit order book on the blockchain, meaning funds deposited into Raydium are converted into limit orders on Serum’s order books. This allows Raydium LPs access to their existing liquidity as well as the entire order flow on Serum.</p>
 <p>Additionally, RAY is the native utility token used for:</p>
 <ul>
  <li>Staking to earn protocol fees</li>
  <li>Staking for IDO allocations</li>
  <li>Voting on governance protocol decisions</li>
 </ul>
 <p>Moreover, AlphaRay leads the general strategy, operations, product management, and <a href="https://newslinker.co/category/business/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">business</a> development for Raydium. Alpha, with a background in algorithmic trading in commodities, transitioned to market making and liquidity provision for cryptocurrency in 2017.</p>
 <p>On the other hand, Raydium provides ecosystem-wide liquidity for users and projects, offering:</p>
 <ul>
  <li>OrderBook AMM: Raydium’s AMM interacts with Serum’s centralized limit order book, meaning pools have access to all order flow and liquidity on Serum and vice versa.</li>
  <li>Best Price Swaps: Raydium determines whether a swap will provide the best price for the user within a liquidity pool or through the Serum order book, and executes accordingly.</li>
  <li>High Liquidity Launches: AcceleRaytor offers projects a simple three-step process to raise funds, launch an IDO, and kickstart liquidity on Raydium and Serum.</li>
 </ul>
 <p>Furthermore, Raydium farms allow liquidity providers to generate RAY tokens as farming rewards, in addition to transaction fees contributed to the pool.</p>
 <p>In addition, it is stated that Raydium’s goal has always been to make the code open-source, but security audits are still being conducted to ensure there are zero issues before doing so.</p>
 <h2 id="how-to-buy-raydium-coin">How to Buy Raydium Coin?</h2>
 <p>RAY Coin can be quickly and securely purchased through <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, the world’s largest cryptocurrency trading platform by transaction volume.</p>
 <p>To buy RAY Coin, one must first register with <a href="https://en.coin-turk.com/bitcoin-price-plummets-on-binance-australia-amid-regulatory-pressure/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and then send fiat currency. Following the deposit of a fiat currency like or dollars, purchasing RAY Coin in trading pairs with BUSD, Binance Coin (BNB), and Tether (USDT) can be executed.</p>
 <p>&nbsp;</p>
 <p>Additionally, on <a href="https://accounts.binance.com/en/register?ref=M8RGDITW" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Binance</a>, users can place buy orders not only at the market price but also at a lower value. For this, it is sufficient to use the Limit tab and enter the amount and price you want to buy at.</p>
</div>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/what-is-raydium-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">What is Raydium Coin?</a></h5>

What is Raydium Coin?

Table of Contents

COINTURK NEWS

Other articles published on Feb 23, 2024

Shiba Inu Whale Activity Surges 450%

Vitalik Buterin Proposed Using AI to Reduce Hacker Attacks in Blockchain Projects

$3.9M Raised in Under 10 Days: Pioneering BRC-20 ICO’s Momentum Continues (23 Feb)

XRP Price Analysis: Is It A Good Time To Buy As XRP Shatters $0.55 Support?

Daily Market Review: BTC, ETH, FLR, WOO, MNT

Hedera (HBAR) Price Gains 32% Over Last Week, Is $1 Coming In 2024?

Join our free newsletter for daily crypto updates!