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What is Saros? All about SAROS token

What is Saros? What is SAROS Token? How is Saros different from other protocols? Learn more about SAROS Tokenomics!!!
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quangphan
3 min read
Published Oct 16 2021
Updated Mar 14 2024
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DeFi on Solana is getting hotter than ever. Along with the tremendous growth of Solana, big names like Raydium and Serum are supposed to show their dominance. Nevertheless, they couldn’t live up to users’ expectations, leading to the rise of multiple newcomers. One of those is Saros.

What is Saros? How does Saros work? How is Saros different from other protocols? Let’s find out in this article!!!

What is Saros?

Saros is a DeFi Suite consisting of multiple products, namely SarosSwap (AMM), SarosFarm (Pool), and SarosStake (Stake), with SarosSwap being the core element. More building blocks are expected to be created in the future.

Saros attempts to resolve the existing obstacles on Solana by providing various features, such as:

Permissionless: Allow everyone to create a liquidity pool on SarosSwap.
Capital Efficiency: Increase Capital Efficiency by providing more optimal price offers.
Friendly UI/UX: Provide a user-friendly interface.
Low Cost: Minimize transaction fees.
Scalability: Offer high transaction speed with low latency.
Composability: Ensure high performance without having to sacrifice security and decentralization.
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Advantages of using Saros.

What is Saros Token?

The SAROS token is the center of the Saros ecosystem. SAROS is used as an incentive for its Token Holders to receive Fees, Governance Rights, Airdrops, and Participation in Gamification events.

saros token
How SAROS captures value.

How does Saros work?

Currently, Saros offers 4 products as mentioned above. Now let’s go through all of them.

SarosSwap

SarosSwap is an AMM using the conventional price formula: x*y=k. By implementing this simple model, builders can worry less about liquidity problems and focus more on product development.

Then how can SarosSwap stand out compared to other AMMs on Solana? The team believes in 2 innovative ideas: A hype-generation machine to provide the best price possible and the Gamification feature to diversify the product.

sarosswap
The interface of SarosSwap.

SarosFarm

Bootstrapping early liquidity after launching projects has been a major problem for Solana projects. By holding Liquidity Mining programs, they can attract more liquidity providers. However, this leads to the fact that Liquidity Providers have to be constantly looking for those programs without being able to stay in one place.

SarosFarm solves this problem as it is an aggregation platform for a wide range of incentivized pools. By using SarosFarm, not only can projects develop easily and rapidly with rich liquidity, but Liquidity Providers can also have an all-in-one station for farming.

SarosStake

SarosStake works in a rather simple way: You can stake SAROS to earn more tokens. This feature is extremely useful for believers in the project who have the intention of holding SAROS for a long time.

Instead of leaving SAROS tokens idle in the wallet, users can stake them and gain various benefits.

Learn more: How does Saros work?

Detailed information about SAROS token

SAROS Key Metrics

Name: Saros.
Ticker: SAROS.
Token standard: SPL.
Token type: Utility, Governance.
Max supply: Updating...
Circulating Supply: Updating...
Contract address: Updating...

SAROS Token Allocation

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SAROS Token Sale

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SAROS Token Release Schedule

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SAROS Token Use Cases

Currently, the SAROS token serves multiple purposes, making it the core element linking every product in Saros. Some key use cases include:

Receive platform fees.
Participate in Governance activities.
Receive airdrops.
Join Gamification events.

How to get SAROS Token

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How to buy SAROS token

Currently, SAROS token is listed and opened for sale, you can buy it on KuCoin, Bybit, Bitget, HTX, Bybit, MEXC, BTSE, Gate and BingX Exchange.

How to store SAROS Token on Coin98 Wallet

In the future, Coin98 Wallet will support storing the SAROS token. I will keep you updated in this article.

Saros Roadmap

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Team, Investors and Partners

Team

Saros is a product by Coin98 Labs.

Investors

Saros was invested by multiple well-known ventures, namely Alameda Research, #Hashed, Spartan,...

Saros investors.

Partners

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Conclusion

You’ve been through an article about Saros and the SAROS token. I hope it has helped you in gaining more valuable insights into this project and understanding its potential.

If you want to know further about Saros, please feel free to leave a comment below.