According to the undertaking’s White Paper, the primary undertaking stage contains the event of:
Settlement system: making certain the safety of funds through sensible contracts
Arbitration system: integration of arbitration companies (Verify My Trade)
Speaking in regards to the undertaking’s ICO, Serenity CEO Denis Kulagin said:
We are proud to announce that we’ve hit the comfortable cap. This signifies that, starting right now, we begin hiring new personnel to develop the undertaking and on the identical time proceed the event now we have been already doing with double the trouble. It all couldn’t be doable with out your help.
The subsequent step for us can be to hit the $5M mark, which might permit us to develop our personal alternate and KYC system. Thank you for all of your help! We’re doing our greatest to satisfy your expectations. Stay tuned for our information, now we have plenty of nice issues coming.
The undertaking is a platform that features a number of practical modules: escrow, blockchain transaction recording, quote verification and a buying and selling alternate.
The thought relies on the observe of segregated accounts, that’s, holding deposits separate from the funds used for buying and selling, which is required by the FCA (the British monetary regulator), and is translated into the language of the blockchain. The thought of recording transactions within the blockchain has additionally emerged below the affect of conventional laws, corresponding to monetary laws within the EU (MiFID II and EMIR). These laws have all the time demanded experiences on all commerce operations, however have had no means of storing them effectively and reliably.
In addition, the undertaking’s scope will embrace the creation of a proprietary buying and selling alternate for fast entry into the Serenity system and cryptocurrency purchases.
The firm plans to lift $19 million to develop the platform. The undertaking will probably be launched in separate phases, with the alternate’s launch being promised for May 2018. The prototype has already been revealed on the web site.
Serenity ICO began on the 25th of January and can final till the seventh of March 2018.
If you might have any questions in regards to the undertaking, contact Serenity Support Team through the web site LiveChat and the Telegram channel.
Register on the web site to take part in Serenity token sale.
Images courtesy of Serenity
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