What is Raydium? RAY Token Explained Simply

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralised exchange (DEX). RAY is the native utility token used for staking to earn protocol fees, staking to receive IDO allocations, and governance votes on protocol decisions. The tokens are traded on exchanges such as Binance, OKX, FTX, and others. Recommended crypto platforms: Read the best selling book: TOKENIZED TRILLIONS: