faqs.md

Frequently Asked Questions (FAQs)

These questions frequently Pop-up regarding Setheum

Do all new trading pairs go through the bootstrapping process?

The Bootstrap process is optional.

Is there fiat backing SETT like Tether?

No, Setheum stable currencies are ALGORITHMIC

Is the SETR pegged to the USD?

The SETUSD is pegged to the USD 1:1, but the SETR is pegged against the USD at 10:1, that means the 1 SETR = $0.1 ($1 = 10 SETR).

Is Setheum ERC20?

There is an ERC20 denomination of each of the 5 Setheum Currencies in the SEVM (Setheum EVM)

Is Setheum launching on Kusama or Polkadot?

Setheum is an independent chain and planning to bridge to either or both Polkadot and kusama.

What is the native token of the Setheum Network?

Its the SETM (Setheum), pronounced "set 'em" or "Set M" or "Setm".