It’s pertinent to state that activities of humans across the globe is seriously affecting the world’s ecosystem and thereby posing serious environmental and health challenges through pollution of different sorts. There are various NGOs and advocacy groups canvassing for eco-friendly ways to live and the green revolution in order to redeem mankind from avoidable disasters and deaths. It’s a worldwide knowledge that our ecosystem has been seriously damaged which results in depletion of the ozone layer. It’s of top priority that we get things done differently to have a safer world to live in. Renewable energy which is harmless is a sure bet. There are problems with the complex nature of regulations and also energy projects are very capital intensive which has given edge to few to have monopolistic opportunities in the industry.
The rate of carbon emission into the atmosphere is worrisome as it’s noticeable from power generating plants, vehicles and so on. Most countries power generation is catered for through nuclear, hydro, coal and gas which are not eco-friendly and unlike a decentralized model that could simply be referred to as Distributed Energy Resources like wind and solar.
From the aspect of electricity or power management, statistics has shown in some countries that there is huge gap between power generation, distribution and transmission. Lack of sincerity on the part of the operators is a sign that along the distribution chain there are inconsistencies and end consumers are mostly paying for these lapses. Demands of consumers in terms of power supply are often not met in totality. There is growing need to have a sustainable energy system where generation, transmission, distribution will be properly channeled to the electricity grid through a decentralized platform. This emergence gave birth to the project known as SERENITY which has come up with a practicable and working model.
What is the Serenity Project All About
This is the blockchain approach in solving the persistent problems facing the energy industry. It’s designed to have direct connection with energy regulators in order for power generated to get to the electricity grid and onward distribution to consumers. It’s a concept that will utilize renewable energy, it’s going to be fully automated through the use of blockchain technology and smart contracts thus leads to reduced cost of administration. Serenity hope to be a global brand as an Energy Retailer, and its business model and concept is a deviation from traditional energy operators because energy sales, surplus energy trading and other accompanying activities will be carried out through the use of the blockchain technology.
**SERENITY TOKENOMICS **
The serenity platform is going to run on a three token model approach and these tokens are Ethereum based. Tokens will be bought back and burnt and such policy will drive up the value of the tokens upwards in cognizance of demand and supply. Being a registered member of the SERENITY platform there is an avenue to have your tokens burnt in order to share from revenues generated and non-speculative profits.
The three (3) tokens of the serenity platform are; Serenity, ERGON and Carbon.
SERENITY TOKEN
This is the main token of the serenity platform which will be the major driver and it’s a utility token. The token will serve as the gateway that will grant members access to the services offered on the serenity platform.
ERGON Token
Energy will be traded and carbon reduction will be rewarded with the ERGON token and it’s the SERENITY currency. Harness of Energy Powered by Encrypted Key (HEPEK) device wallets will be funded through ERGON tokens that are bought which invariably means that paying for energy, payment channel will be opened by HEPEK and ERGON token will be deposited to Serenity smart contracts. ERGON or Carbon tokens can be easily redeemed for the main token (SERENITY) or to fiat as long as the initiator is a member of the platform.
CARBON TOKEN
It’s a stable token created and also used to reward members for carbon reduction through blockchain products of renewable energy.
Token Details
Token symbol: SERENITY
Maximum Supply: 500 Million
Conclusion
This project will enthrone more trust on the energy sector and consumers will have more control which they have been longing for. With direct contact with electricity grid and substations, there will be synergy between the stakeholders including the consumers. Renewables sources of energy will be more prevalent and costs will be drastically reduced in administration.
Website: https://serenitysource.com.au/
Bitcointalk bounty link: https://bitcointalk.org/index.php?topic=5160764.0
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=5160209
Author’s details;
Bitcointalk username: mayukus4life
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1777715
ETH Wallet: 0xEbb2204B0F92D51D00Ded27f00030f52a7378834
