โ ๐ฅ BOOM UP ๐๐
$RAY RAY Coin โ is the token of the Raydium Protocol ๐๐, an automated market maker and liquidity provider built on the Solana blockchain for decentralized exchange. ๐๐ฐ
Unlike any other automated market maker, the Raydium protocol provides on-chain liquidity to the central order book ๐๐, meaning that funds deposited in Raydium are converted into limit orders held on Serumโs order books. ๐ต๐ This gives Raydium LPs access to all of Serumโs order flow in addition to existing liquidity. ๐งโจ
RAY cryptocurrency uses Staking to earn protocol fees ๐ธ๐, Staking to receive IDO allocations ๐, and governance votes on protocol decisions ๐ณ๏ธ๐ค.
Founders of RAY cryptocurrency:
Alpha ๐ Ray leads Raydiumโs overall strategy, operations, product direction, and business development. With a background in algorithmic trading in commodities, Alpha moved into market making and providing liquidity for cryptocurrencies in 2017 and hasnโt looked back. ๐๐ช
After diving into DeFi in the summer of 2020 ๐๐ผ, Alpha saw the market need for an automated market maker order book to aggregate liquidity, and with the release of Serum ๐ฅณ, assembled a team of experienced trading developers to tackle the problem head-on. XRay is the CTO and Development Team Lead at Raydium. ๐จโ๐ป๐ X has 8 years of experience as a trading and low-latency systems engineer for both traditional and crypto markets. โฑ๏ธ๐ป
X designs all Raydium systems and infrastructure as needed. ๐๏ธ๐ง
Gamma ๐ Ray heads up marketing and communications while also playing a key role in strategy and product direction. Gamma spent a significant portion of his career at a leading data analytics and market research firm ๐๐, where he worked on both customer engagement and corporate marketing. Prior to Raydium, Gammaโs focus in crypto was on technical analysis and discretionary trading ๐๐น.
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