Raydium PRICE points - Future Targets - Previous Supports RAYDIUM Levels of interest-
Support Zone : $.8551 - $1.3042
Support Level 2: 1.587
Target 1: $2.3809
Resistance Level 1: $2.6231
Target 2: $3.0505
Target 3: $4.8028
Resistance Zone: $8.3845 - $8.9024
LONG TERM TARGETS:
Target 1: $12.0143
Target 2: $13.9519
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow as well as their existing liquidity. RAY is the native utility token used for:
Staking to earn protocol fees
Staking to receive IDO allocations
Governance votes on protocol decisions
Raydium launched its main net on February 21st, 2021 with 555,000,000 tokens created at genesis. 34% of all tokens will be released as liquidity mining incentives over a 3-year period. 30% of tokens are earmarked for partnerships and the expansion of the Raydium ecosystem. This includes giving grants to projects building projects around Raydium or helping our communities in general. These tokens are generally locked for 1 year and unlock linearly for the next 2 years.
Who are the founders of Raydium Pro
