The Serenity platform has announced it will be starting its main Initial Coin Offering today, January 25. The ICO will run from January 25 to the 7th of March 2018. The main period for the ICO will give investors the chance if purchasing all serenity tokens at a discounted rate of 40%. The ICO’s presale pooled $524,790. This figure showed a good amount of investor’s interest in the idea, and was encouraging enough to push the platform to launch its main ICO according to CTO of Serenity, Vasily Alexeev in a statement he released to the public
“At the Pre-ICO stage, we received valuable feedback from our investors and thank all for the constructive criticism. After the Pre-ICO, we worked on improving the website and positioning the project, making it more understandable for all market participants. I think we managed to change this, as there are already a large number of applications for participation in the ICO and the community actively supports the idea.”
What Is Serenity?
It is an escrow broker-platform specially created for financial markets with the goal of protecting the funds of investors from all frauds and interferences in trading activities by using smart contracts. It is the first of its kind presently. The Serenity platform is an amalgam of a blockchain transaction recording, quote verification, a trading exchange and escrow.
The concept of this first escrow broker-platform is based on the practice of keeping one’s deposits distant from funds that are used for trading, a requirement by British financial regulator – FCA. This segregated account is now translated into blockchain language. EU financial bodies like EMIR require reports on all trade operations of firms within the EU and that transactions be recorded per their regulations. However a efficient way of storing this data has not really been put in place and that is why Serenity is including blockchain transaction recording.
The platform’s project also includes creating a trade exchange that will be for entry into Serenity’s platform and purchasing of cryptocurrencies.
Target Of ICO
The ICO is looking to raising $19 million for the development of the platform. The tentative date for the launch of the exchange is May 2018 with a prototype of it already published on the network’s website. The entire project itself will launch in multiple stages.
The ICO begins today with tokens named Serenity (SRNT) at 0.0001 ETH per token. The tokens will be released on stock exchanges immediately after the ICO ends on March 7. Presently, Russia’s largest exchange service – Yobit, has listed the Serenity token on its platform and there are ongoing negotiations with other exchange services to also list the token for the initial release in March.
The project is presently being supported by IQoption, Yagub Rahimov, Alexey Kutsenko, NordFX and Liteforex.
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