INTRODUCTION
There has been a long lasting contention in the world economy and in the energy domain that has been caused by the negligence of the government of many developing nations. That has led to the unbalanced state of the energy sector till today and has affected its consumption. The industry's deformation has been a major cause of the setback many countries still face today and for the type of energy being produced and use, more risk is being contributed to the environment through the emission of carbon which surely have many side effects on the natural human habitat and health. Even at that, the energy of centralisation over the energy domain has contributed no achievement or further improvement to it, all that there is to the domain is the few large scale energy providers that is not even sufficient. The centralised government hasn't been able to adopt other improvement strategies or add to the number of large scale energy production not to talk of thinking about extending the reach and use of the renewable type of energy that is by far more promising and safer to the environment and to nature. The lack of effective transition method or planning has caused the loss of transition that would have been a great gain and advantage for everyone and even to the domain. Having no way to address this has led to the stagnancy in the energy domain that it seems as though nothing would make a change in it whatsoever. In order not to loss too much of the promising renewable energy that comes from solar, wind and from other organic source, a proper system of decentralisation should be created to make the evolution possible. There should be plans on how to establish a balance in the demand and supply when there is low or high voltage of the electricity produced. So it means expert operators should also be involved for any of such achievement to be made to prevent any damage that can be caused in absential of the operators. This should be the new goal of the experts in the market but unfortunately no organization or body is ready for this or to support the idea even when it is made. Currently there is higher demand in electricity consumption than before and this demand has to be satisfied by all means. If a platform will shoulder this responsibility, it has to be ready to make sure that all the operators which will function will be incentivized handsomely and at the same time must be able to eliminate the Monopoly in the old system and decentralise the market at once. The only platform that has proved so capable of this is the SERENITY PLATFORM. It will be a greater structure in control of the renewable type of energy that is careful and concerned about the state of well being of the environment also. This solution will go far in the domain to fix some wrongs and become a major distributor and generator of renewable electricity.
ABOUT SERENITY
This platform works to build a world where renewable electricity becomes cheaper and is largely produced on a large scale. In this ecosystem, those that produce and use the energy being produced, i.e the prosumers will be present while the ordinary consumers that don't produce will also be present. Other stakeholders includes the workers or the electricity operators and the generators in the community all working together to achieve a common goal. There is an openess in its operations and all that desired to be a member can easily join by simply opening their individual account so as to access services. However, kyc would be conducted for such a new member following the normal process. They will also have to acquire some amount of the Serenity tokens for the sake of making quick deposit and also using the smartcontracts. The token volume they will get here must be able to foot their expenses for the monthly energy consumption because once they become a user they will have direct access to the use of energy so that will only serve as a way of subscribing for what they will use. When a user subscribes in this platform, they won't have access to the token but will be able to do other things freely until their subscription expires. After this time, the frozen token would be released for them to subscribe again and continue enjoying the services in Serenity. For this reason they are provided with a wallet where all those activities are done transparently. Like I said earlier, there are also workers in this platform. Their function is to participate in the development of the community by using tokens to be a contributor. Every worker contributes in measures different from the others from the efforts and use of token which of course will be rewarded from the percentage of revenue that is shared to them. While it is important to be a registered user or member of Serenity, it is much more profitable to be a holder of the Serenity token because having the token makes one eligible to income because the token will keep growing as it is being used in other real life businesses and as a backup for different assets like the carbon credits. Its relevant in development also adds to its growth and not having it will be a loss to any member of Serenity. Those that have it will get Interest from the value they own as it appreciates periodically. Since the prosumers will be contributing to the available energy that can be distrubuted from grid systems, they are entitled to rewards using the main ERGON token so that the production of the electricity can be constant.
The token model of this platform exists in three forms which of course all fall into the ERC-20 type. They are all established on ethereum and are used as the main assets to support the system. The electricity being produced is the main commodity that all users want and will also be shared to other consumers. The electricity produced however, can also be tokenized and made to look like a virtual commodity that has a real world value even though it is a real asset too.
THE USE CASES OF SERENITY TOKEN
It allows any member to work in the existing and represent the community so well as they have direct access to services.
It gives users a way to contribute to the retail of the energy service such that the retailing service for the commodity can be improved as the users participate with the token involved.
When a member has the Serenity token, they are rest assured that they will get their share of the revenue that goes out to all the stakeholders.
Discount can be obtained from the electricity services obtained with the token.
The token is highly regarded as a part of the tool putting this Innovation is together and also making services available. In order to keep the platform active and useful for its purpose, the token is used and it backs the Serenity platform. It fosters its globalization and also helps to achieve perfect interoperability of the network. The token value grows as the network advances. All the affiliates in the platform surely needs this platform token to become a service provider which will provide services to promote the relevance of Serenity.
Interestingly, all members of this platform will be able to purchase token and also redeem them. They will be involved in the burning of the token so as to secure a right to the revenue and increase on their profits. To prevent the price saga that usually occur in the market many times for other cryptocurencies, not all the Serenity token will be put out for sale but as little as 40% of the overall token when it is time for its ICO.
The amount of token to be distributed for sale is a total of 500 million of which of which 40% of it will be reserved for future use when there is a shift in price or any form of displacement in the market. About 34% of the token will be put off for instant sale for all members and workers to purchase, the team and founders of this platform will hold 15% of the token. 5% will be given to other non members and the community through airdrop programs, referral bonuses and for bounties while another 5% will serve presale purpose. The remaining 1% also be used for presale for the second stage.
ABOUT ERGON UTILITY TOKEN
In Serenity, the token for payments and other form of Utility function or purpose is ERGON. This token is useful for making deposits and can also be exchanged to fiats if the users want fiats for any transaction. For any member of Serenity to have ERGON, they have to pay in fiats or with other crypto assets. They can also get it when they they provide renewable energy or when the carbon credits are exchanged. This token is stable and it makes energy obtainable. Its uses includes in trading, to achieve Security and to prevent any type of flunctuation in price. In the market, it serves users for any purpose and as a matter of fact it can be stored up in the wallets. Because ERGON is very stable, all members in the Serenity pools can exchange goods and services among themselves and not used outside the ecosystem. The token can be redeemed for energy supply and also for fiats money, then users can contribute other benefits to the network at any point in time.
THE USE OF CARBON TOKEN
Asides the ERGON, there is CARBON token in Serenity but the contrast between them is themat ERGON is an utily token while CARBON is a reward token that is given to all those contributing to the reduction of CO2 in the environment. When one is involved in the production of renewable type of energy, that person gets CARBON. When a CARBON token is redeemed, it is immediately removed from the supply and destroyed. Carbon credits makes credible impacts in the system and also serves as a data-driven currency that relys on so many steps to become approved or exchanged.
Like I have said before, the token completes the operation of a user and makes them access the services provided. Both token can be traded on the platform and also for investments in the renewable projects that involves the use of the HEPEK devices and other installation. Energy trading is therefore made easier with ERGON for all the community members while rewards are given for reducing carbon emissions. Goods and services exchanged in this platform uses this token as well to make it comfortable for users and to confer a high measure of safety to them.
CONCLUSION
Redeeming tokens is one of the feature of this project of which all the users will be involved in this because there is need to make the them increase in value. The users will be paid a redemption allowance which will serve their redeeming services for the tokens they wish to redeem. But once this allowance is used up, they will have to pay the regular fees for redeeming them again. Members must also be aware that redeeming tokens can only be done during the redemption period. So when they plan to redeem any token outside this period, they will find it difficult to do. The degree of capacity a member have will be determined by the level of contribution he/she has made or what is made continuously in the community. This platform is truely vast and able to accommodate as many productive users who can become prosumers and make the best use of their membership in it. With what this platform has provided, the energy domain will exponentially grow and become advanced within a short period while electricity won't be an issue to consumers anymore as long as this platform remains.
USEFUL LINKS
Website: https://serenitysource.com.au/wp-new/
Whitepaper: https://serenitysource.com.au/assets/docs/SERENITY_WHITEPAPER.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5160209
Telegram: https://t.me/SerenityIEO
Facebook: https://www.facebook.com/serenitysource.io
Twitter: https://twitter.com/serenity_source
AUTHOR'S DETAILS
Bitcointalk Username: Ifychuks
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2397927
Eth Address: 0x95ddc55F740E6C7CebAB638F7E8748c7826b56C8