WHAT IS RAY?

_{What is Raydium (RAY)?}

Raydium (RAY) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain.
For decentralized exchanges (DEX), Serum differs from other AMMs, Raydium
On-chain liquidity to central limit orderbook
This means that money deposited into Raydium will be converted into a limit order that sits in Serum's order book.
This gives Raydium liquidity providers (LPs) access to Serum's entire order flow.
Including existing liquidity, RAY is the basic utility token used for:

• Staking to earn protocol fees

• Staking to obtain IDO allocations

• Voting on protocol decisions

_{Native Blockchain:}

Raydium Token (RAY) transacts on the Solana blockchain
Raydium is a decentralized exchange (DEX) protocol and liquidity provider built on Solana.
Leveraging Solana's speed and scalability to make transactions fast and low cost.

_{Consensus protocol:}

Raydium Token (RAY) uses Proof of Stake (PoS) acceptance protocol through the Solana blockchain
This uses a combination of Proof of History (PoH) and Proof of Stake (PoS).
To make transaction processing fast and efficient.

_{Founder/Date Founded:}

The founders of Raydium are AlphaRay and GammaRay.
Each of whom has brought their unique skills and experience to the project.
Especially from the field of algorithmic trading and blockchain technology.

_{Objective/Use case:}

Raydium (RAY) was developed to provide liquidity and efficient trading on the Solana blockchain.
With the goal of connecting liquidity from the Automated Market Maker (AMM) system.
to Serum's decentralized exchange (DEX), which uses a centralized limit order book.
(central limit orderbook) Replaces the traditional AMM market price system Raydium
Designed to optimize trading on the Solana network with high speed and low fees
By combining with Serum, Raydium has access to liquidity and flow of all Serum orders.
This allows users to benefit from both systems at the same time.

_{Total supply/Limit or Unlimited:}

The total supply of Raydium (RAY) is 555 million tokens

_{Supply Deflation:}

Raydium (RAY) has a deflationary supply mechanism
ALTHOUGH RAY'S TOTAL SUPPLY IS LIMITED TO 555 MILLION TOKENS, IT FEATURES DEFLATION THROUGH TOKEN BURNING.
PART OF THE FEES INCURRED ON THE PLATFORM WILL BE USED TO BUY BACK AND BURN RAY TOKENS, REDUCING THE TOTAL SUPPLY IN THE LONG RUN.

_Source:

https://raydium.io

https://www.coingecko.com/en/coins/raydium

https://coinmarketcap.com/currencies/raydium/

https://www.coinbase.com/th/price/raydium

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