Ray
RAY Price Today
Raydium price today is $2.76 with a 24-hour trading book of $30,288,708. RAY price is downwardly -0.5% in the last 24 hours. Information technology has a circulating supply of 92 Million RAY coins and a total supply of 555 Million. If you are looking to buy or sell Raydium, Binance is currently the most active substitution.
Raydium is an automatic market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Raydium has a first-mover reward every bit an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the ecosystem. The protocol will act as a bridge for projects looking to aggrandize to Solana and Serum, and in the procedure Raydium and the RAY token will get a foundation for enabling farther development with partners, its ain platform, and the ecosystem equally a whole.
Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook, meaning that Raydium LPs become access to the entire orderflow and liquidity of Serum.
Long term, Raydium aims to capture and maintain a leadership position among AMMs and liquidity providers on Serum, while leveraging the power of Solana to drive the evolution of decentralized finance (DeFi) and emerge as a leading protocol in the space alongside our partners and the community."
Token Economics
550,000,000 RAY have been minted at the genesis and will go accessible over the course of iii years. The initial 3-year allocation is as follows:
- 34% airdropped to liquidity providers over the course of 3 years
- xxx% for partnerships and expanding the Raydium ecosystem with up to 3-year lockups
- xx% for team members and time to come employees with a one-yr lockup and 2-twelvemonth unlock afterward
- viii% for liquidity provisioning (initial pools liquidity bootstrapping and providing liquidity on other DEX and CEXs)
- 6% for seed funding and community pool with 1-3 year lockups
Source: https://www.coingecko.com/en/coins/raydium
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