SERENITY SOURCE: THE NEW ENERGY RETAILER PROVIDING BALANCE ON DEMAND AND SUPPLY OF ELECTRICITY.

By cryptoblezin | cryptoblezin | 15 Aug 2019

INTRODUCTION

Research has shown that revolution is needed in the areas of waste, energy, and crypto of the ecosystem which demand higher electricity consumption. Electricity is the form of energy we use the most in our daily lives, with almost everything around us being powered by electricity such as machines, computer systems, refrigerators, sound systems, mobile devices, and many more. The electricity that we need daily can be produced from different sources. The most common sources of energy in our world today are the non-renewable energy sources like nuclear power plants, fossil fuel, and so on.

Electricity generated from these sources is really expensive, harmful to the planet as well have a lasting bad effect on human health. Renewable energy, on the other hand, has proven to be a better alternative because this involves the production of electricity from renewable natural resources such as sunlight, wind, and so on. Consumers are showing a greater desire to have more control over how the energy is consumed, generated and distributed. There is a direct correlation between the energy and building industry with respect to energy consumption and its loss. For the above-mentioned reasons and more, the innovation of Serenity Source is birthed to revolutionize the way things are being done when it comes to renewable energy.

WHAT IS SERENITY SOURCE?

The Serenity Source technology is here to give sustainable solutions in these aforementioned areas.

Serenity Source is a next-generation renewable energy retailer on blockchain looking to reduce energy bills, put control back on users’ hands and reduce carbon emission through a multifaceted blockchain ecosystem. Serenity is built by a professional team and with the belief that in the global energy industry that is centralized and not transparent at this time, we can still hope that there is a platform that truly cares about how we deal with energy and benefit from it. Serenity is a platform that aims to redefine how we should deal with global energy. Users will have the opportunity to get awards for their efforts, therefore Serenity is developed using blockchain technology so that every activity carried out on the Serenity platform is transparent and free of manipulation.

The main focus of Serenity Source platform is on the use of renewable energy, combined with green construction and Net-Zero estates, that use low power sources and renewable, such as wind turbines, PV panels on the roof, heat recovery, free constructions will thermal bridges and high energy performance windows. With an aim to decentralization and monetization of green activities for the general population, that do not have incentives, like companies that could buy and sell green tokens for energy, Serenity is offering an incentive to people to behave in common interest. This project will help mankind in a way to promote a green way of living that will help to reduce pollution and sustain earth to be a healthy place to live for future generations. Additional features include security, tracking in real-time, smart energy retail market and net-zero or passive houses.

WHY THE BLOCKCHAIN TECHNOLOGY IS NEEDED

The Serenity Source Project has opted to deploy this solution on blockchain because of some of the benefits that this technology offers. These benefits are centered on the following metrics:

a. SECURITY: Based on a secure blockchain platform that provides access to immutable and unalterable information and educational content.

b. TRANSPARENCY: Blockchain projects are transparent and cannot be manipulated by a single individual.

c. COLLECTIVE OWNERSHIP, which prevents the ecosystem from being hijacked by a single individual and also provides the jury system of evaluation as mentioned earlier. The ecosystem is in the hands of all participants and is self-regulatory.

d. CONFIDENTIALITY: Information quality is protected, as well as the identity of information providers.

THE UNIQUENESS OF SERENITY SOURCE

Unlike a traditional energy distribution model, Serenity’s model is to transact energy sales, surplus energy trading, and other ancillary activities over the blockchain. The Serenity Source platform will be connected to national electricity operators, providing the balancing the demand and supply of electricity, responding at the substation level, and making possible a structural transition towards blockchain and renewables. Carbon credit will be for the rewarding of renewable energy generation.

The team at Serenity Source knows that there is a demand for these services and products and that by and large, it is only the complications that discourage people. Through the power of the blockchain, we are removing these complications or at the very least simplifying them, paving a clear route to a healthier planet for all people. The ledger structure distribution will offer protection and unchangeable proof of tokenized ownership of the asset and enhance various energy market transactions executed via the set of smart contracts allowing a distrustful environment for all the members of the serenity community. They have taken a giant step that is very favorable to them by accepting a Rapid Building System, passive-house solutions in the building sector, at very due time and develop Serenity Net-Zero energy networks for renewable energy generation.

HOW SERENITY SOURCE WORKS

Customers registered on the Serenity platform have the right to get lower electricity prices and get the opportunity to produce electricity and export it. Here the role of blockchain is needed, to process all transactions and secure them.

Serenity intends to present a platform that pays attention to its users. Serenity will connect with national electricity operators, to maximize the efficient function of electricity operators, such as electricity production, customer demand, etc.

Serenity tries to change the shape of a centralized system to be decentralized, which is free from the intervention or influence of any party. Not only that, various kinds of problems such as the inability of national energy operators to balance the amount of electricity production with consumer demand, and other problems make Serenity want to improve this system even better.

Serenity will charge members and consumers that are close to wholesale prices, with a small markup, and cheaper than existing suppliers. On the other hand, renewable energy production sources will be funded by Serenity, to improve production and the number of resources. Carbon credits are additional benefits to members that will be achieved based on household green rating and the amount of produced renewable energy.

P2P trading will transform a centralized environment, where consumers do not have many choices, especially on the local level, where locally produced energy could be traded between local parties. It will be an improvement for all parties since local producers will be able to sell their energy, just as national energy providers. ERGON tokens will enable trading on a Serenity platform, with small transaction fees for exchange of ERGON to fiat.

ABOUT THE SERENITY TOKEN

Serenity token economy is foreseen with three tokens: SERENITY as the main token, ERGON as utility payment token and CARBON as utility award token. Each of these tokens is discussed below:

1. SERENITY TOKEN is pre-mined in a quantity of 500 million, from which 40% is for sale, with 34% available for general sale. This token will fuel Serenity blockchain-based economy and facilitate access to the platform. Redeemed Serenity tokens will be burned and taken out from the supply, which will have a positive influence on token price;

2. ERGON (Stable Payment Token): The ERGON (ERC20) token is a currency for energy trading, a stable payment token, designed to provide blockchain security, trustless transaction immutability, to protect members from crypto market fluctuation and maintain a steady energy price. As a stable payment token, ERGON is pegged to the local currency and backed by actual fiat deposits in the currency of local trading jurisdiction.

The ERGON token will be created when Serenity member deposits fiat, crypto, or through blockchain provable production of renewable energy, and redeemed by Serenity member either for fiat, or worth of energy consumed, denominated in the currency of local trading jurisdiction. When redeemed ERGON tokens will be taken out of supply and destroyed.

In some instances, member (electricity consumer) can earn ERGON tokens by lowering or shifting energy consumption because local grid operators, e.g. small municipality or a private microgrid operator, can incentivize the relieving of stressed areas of their grid during different times. Network participants contribute to the network benefit.

3. CARBON (Stable Award Token): The CARBON (ERC20) is a stable token created as a reward for CO2e reduction through blockchain provable production of renewable energy and backed by the price of Carbon Credits. Carbon Credits, being data-driven and dependent on multiple approval steps are the perfect candidate for digital currency as they exist separately from the physical impacts to which they correlate. In the event of redemption, the redeemed CARBON tokens will be taken out of supply and destroyed. Carbon will be a stable coin, rewarded for CO2 reduction, which is backed by the price of Carbon on the market.

TOKEN SPECIFICATIONS

Token Name: SERENITY

Token Symbol: SET

Maximum Supply: 500 Million

Soft Cap: 5 Million USD

Hard Cap: 20 Million USD

Presale and airdrop are still in progress, on this project’s website, and sale is beginning on the 1st of September. IEO starts on 13th July 2019, in partnership with Sistemkoin, with a supply of 5 million coins, the price per token is set at 0.1 USD. Until now, the reserved number of tokens is small, but it is expected to increase until the end of IEO.

TOKEN DISTRIBUTION

1% of pre-mined tokens will be available for sale, stage 1

5% of pre-mined tokens will be available for sale, stage 2

34% of pre-mined tokens will be available for sale, stage 3

5% of pre-mined tokens will be distributed through AirDrop, Bounties, Referrals, Marketing

40% of pre-mined tokens will be held in Treasury

15% of pre-mined tokens will be held by Founders and Core Team

INITIAL EXCHANGE OFFERING (IEO) OF SERENITY SOURCE

Investing in the Serenity Source project I believe will yield a good Return of Investment (ROI). I said this because the sources of revenue for the project, that will boost or enhance the return of investment. Supporting this project will help in a long way for the actualization of this great innovation. The IEO of this project is currently ongoing in Sistemkoin exchange; ensure you visit their website below at the end of this page for more info and learn more about how you can be part of this great and exceptional innovation.

ROADMAP

By definition, Roadmap is a plan or strategy intended to achieve a particular goal. That is to say, the Serenity Source Roadmap is a step-by-step means by which the mission of the project is to be fully achieved.

Below is a pictorial representation of the Serenity Source Roadmap:

MEET THE TEAM

Behind every good project, there must be a solid team who are always brainstorming and working towards how to achieve the aim of the project. Here in Serenity Source, we have a diverse team of individuals with varying backgrounds ranging from experience in technology, business strategy, blockchain, finance, management, marketing, and development.

Below are the brains that make up the Serenity Source Team;

CONCLUSION

Serenity Source is a global platform designed to use the blockchain technology to revolutionize the energy generation and energy trading with the major focus on the renewable energy sector. The Serenity Source process to solve the energy generation and trading across the globe is unlike the conventional energy distribution that we used to know but is an exceptional approach that involves energy transaction sales, various energy trading and other support activities based on the blockchain technology.

The brilliant ideas of the Serenity Source team will revolutionize the supply of electricity in the ecosystem within the next few years to come. The main feature on Serenity Source platform is HEPEK, which stands for Harness of Energy Powered by Encrypted Kit. It is an IoT device that enables blockchain on the network and provides smart energy meter functionality. HEPEK will be activated through ERGON tokens on the platform. This will be combined with Rapid Building System, which will be a project cornerstone for the building of Carbon Negative, Net-zero homes. Observing the roadmap of Serenity Source, it leaves a very clear picture of the various milestones and benchmark on the go. Also, it’s glaring with such a roadmap in place that Serenity Source is here to stay, to provide something interesting, revolutionary and never been experienced before in the blockchain world. It will be a wise decision to invest in this project now while the token is still much cheap.

BE PART OF THIS REVOLUTION!