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1) Why do I even want a decentralized exchange? If I am an actual trader who takes trades and pays taxes, what benefit does having my exchange be decentralized have? It's a liability if the exchange goes down / breaks and I have no one to reach out to for support / rollbacks
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2) How is it a decentralized exchange when there are 42% of the governance tokens are held by team / advisors / project contributors? Having a governing body anonymously hold close to 50% of the shares does not make it decentralized, just makes accountability impossible
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3) SRM tokens are also the fee method for the exchange, but are bought and burned? Isn't there a finite supply? So what happens when all of the tokens are burned, you can't trade on the exchange anymore?
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doesn't that imply that over time prices will be so high, you wont be able to use SRM to actually trade on the exchange
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arent SRM tokens used to create / send orders (fees)? also from the whitepaper it seems like they will be convereted to sub-tokens i.e. SerumBTC which are going to be traded on the exchange
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SerumBTC is not made out of SRM, it's a synthetic wrapper on BTC.
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Also blockchain fees are very small on Solana -- something like $0.0001 to send an order.
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