Raydium Token (RAY) is a utility token of the Raydium network, the first decentralized exchange built on the Solana ecosystem.
Today, August 20th, VNDC officially added Raydium Token (RAY) on VNDC Wallet. Right after RAY is listed, users can perform the following functions with RAY:
- Off-chain transactions: Send, receive RAY with other users on the same system.
- Exchange: Convert from VNDC to RAY and vice versa.
About Raydium
Raydium was launched in February 2021, developed by experts in the blockchain field with a team of experienced software engineers. Raydium (RAY) is an AMM (Auto-Market Maker) and liquidity provider built on Solana for the Serum decentralized exchange. Raydium was created to promote users to trade on Solana quickly and conveniently through the following features:
- Swap: Working similar to Sushiswap and Uniswap, allowing users to trade quickly and easily at market rates.
- Trade: Creating market orders, limit orders, … through order books and allowing users to trade with pre-defined quantities and prices.
- Pools: Allowing users to receive rewards by providing liquidity.
- Farm: Allowing users to profit through providing liquidity for DeFi protocols.
Website: https://raydium.io/#/
What is Ray token?
Raydium token (RAY) is a utility token of the Raydium network and can be used for the following purposes:
- Used for users to participate in the governance of the network through voting.
- Used as a reward for Farmer.
- Users can Staking Ray to receive a portion of trading fees arising from Raydium Swap and Raydium Trade.
Specifications:
- Name: Raydium Token
- Symbol: RAY
- Platform: Solana
- Standard: SPL
- Smart Contract Address:
- Ethereum: 0x5245c0249e5eeb2a0838266800471fd32adb1089
- Solana: 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R
- Type: Utility, Governance
RAY has been listed on some of the largest cryptocurrency exchanges like Binance, FTX, ZT, Gate.io,… with a total daily trading volume of up to $172 million. At the time of writing, RAY is ranked #225 on CoinMarketCap:
RAY Price 180,565 VNDC Market Cap 459,577,385 USD 24h Trading Volume 171,890,975 USD Circulating Supply 58,837,434 RAY Max Supply 555,000,000 RAY
Trading RAY on VNDC Wallet
With RAY is now available on the platform, users can perform the following features with RAY:
- Off-chain transactions: Send, receive RAY with other users on the same system.
- Exchange: Convert from VNDC to RAY and vice versa.
