$RAY About Ray Coin (RAY), here are some basic information and features:

• Definition and Background:

• Raydium (RAY Coin) is an automated market maker (AMM) and liquidity provider built on the Solana blockchain, used for the Serum decentralized exchange (DEX).

• Raydium, as the AMM within Serum, has a first-mover advantage and will become an integral part of introducing new and existing projects and protocols into the ecosystem.

• Features:

• Unlike other AMMs, Raydium provides on-chain liquidity for a central limit order book, meaning that Raydium LPs can access the entire order flow and liquidity of Serum.

• Raydium leverages the efficiency of the Solana blockchain to achieve faster transaction volumes and lower gas fees compared to Ethereum.

• Raydium's goal is to maintain a leading position among Serum's AMMs and liquidity providers while promoting the development of decentralized finance (DeFi).

• Token Economics:

• The total supply of RAY tokens is 555 million, with no token inflation.

• The total reserve for RAY mining accounts for 34% of all tokens, which is 187.7 million RAY.

• Token release will last about 36 months, with halving occurring every 6 months.

• 0.03% of trading revenue is allocated as rewards for users staking RAY tokens.

• Token Distribution:

• Mining reserves account for 34%, partners and ecosystem account for 30%, team (1-3 year lock-up) accounts for 20%, liquidity accounts for 8%, community and seed funding (1 year lock-up) accounts for 6%, and advisors (1-3 year lock-up) account for 2%.

• Locked Token Distribution:

• Tokens for the team, advisors, and seed funding (25.9% of total) are fully locked for the first 12 months, and will be unlocked linearly every day from the 13th to the 36th month.

• Price and Market Information (as of 2024-12-10):

• The price of RAY Coin varies across different exchanges, for example, the price on Binance is $2.02, while on ExMarkets it is $3.33.