Frequently Asked Questions (FAQs)

Frequently Asked Questions

These questions frequently Pop-up regarding Setheum

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)
What Technology is Setheum built on?
The Setheum blockchain is built on Substrate, a modular blockchain development framework built by Parity Technologies with Rust programming language. Blockchains like Polkadot, Kusama et al. are also building on Substrate.

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".