SerenitySource is an Australian project that created a patented technology, which is based on the comprehensive use of blockchain and smart contracts. It allows the project to act as an energy retailer which gathers the data related to the household energy consumption and production of renewable energy that is subsequently being sold at the most favorable price. The marketing message of this project is “Serenity - Energy on the Go”. SerenitySource has provided open access to the token code on GitHub, so that every user could check its integrity and come up with useful solutions.
Apart from reaping benefits from the production of renewable energy, the consumers are to be rewarded for the purposeful CO2 reduction with the ERC-20 utility tokens. But the primary mission of the project is to put control over the production and consumption of energy back into the hands of the people.
The project has created an IoT device called HEPEK, a blockchain-based smart energy meter which serves as a gateway for the producers of electricity from renewables to the ecosystem of SerenitySource. The participants in this system get a chance to acquire revenue from the generated/stored power which is transferred to the state electricity operators and then sold to local consumers. By acting as a retail service, SerenitySource will afford users an opportunity to purchase power at low prices and sell when the prices rise, thus creating the alternative electricity market.
The project introduces three types of tokens: the SET tokens, which is the lifeblood of the entire network because it allows access to the platform services as well as to the revenue sharing program. This token is currently being offered to the public through the IEO. ERGON is a payment token which will be used for electricity trading purposes; the value of this token will be pegged to local currency. CARBON is a token which will be awarded to the network participants who have probably reduced the CO2 in their households.
The board of advisors includes Anders Larsson and Joakim Holmer, who have a positive reputation in the blockchain community. They both worked for the Ericsson Group and were the founder of AllcoinWiki.
The project was found in May of 2018 and since that time the team has completed the development of the prototype device HEPEK, incorporated the blockchain architecture, launched the testnet, and formed strategic partnerships with several companies, namely SelfKey, Credits, and Solarex. After a successful token sale event, SerenitySource plans to start the industrial production of HEPEK (October 2019), launch the retail business in several regions of Australia (Q2 2020), and deliver the Serenity HEPEK client v.2 (Q4 2020).
SerenitySource has established a respectable presence on two major social media platforms: Facebook (3,305 followers) and Twitter (2,693 followers). The content is published very frequently, especially on Facebook, and always gets an active response from the followers. It is evident that the project takes the social media factor seriously.
The IEO of SERENITY/SET tokens is now live on Sistemkoin, a Turkish crypto exchange. The price of one token is $0.1. The project aims to hit a minimum funding goal of $5 million while the hardcap is set at $20 million, which is adequate. SerenitySource accepts Bitcoin, Ethereum, and USD. All investors must get whitelisted and pass KYC. Citizens of the US, China, North Korea, Afganistan, Syria, and Iraq will not be allowed to buy tokens.
| Pre-Ico Start date | July 13, 2019 |
|---|---|
| Pre-Ico End date | August 31, 2019 |
| Industry | Energy |
| Platform | Ethereum |
| Founded | 2019 |
| Website | https://serenitysource.com.au/ |
| Whitepaper | Yes |
| Countries | Australia |
| Start | July 13, 2019 |
|---|---|
| End | August 31, 2019 |
| Expired | |
| Token | SET |
| Soft cap | $5 000 000 |
| Hard cap | $20 000 000 |
| Minimum investment | 1 SET |
| Tokens for sale | 200000000 |
| Accepting | ETH, BTC, USD |
SerenitySource presents a solution that will be of immense interest to Australians who are involved in producing/selling electricity from renewables. Perhaps you don't know, but the Aussies have probably the highest electricity rates among other developed countries, while enjoying substantial discounts, and other perks, on the energy produced from renewable. SerenitySource might have hit the gold mine here, as they offer a totally new approach towards energy production, accounting, and distribution. The list of team members is a bit short, so they should improve on that in order to come up with a product that fully satisfies the market.
SerenitySource delivers a very powerful concept because it shows that renewable energy can be turned into a business instrument, which is a win-win situation for both entrepreneurs and environmentalists. Australia is extremely lucky to have a project like SerenitySource, and I applaud their officials for patenting HEPEK. Too bad that it is most likely to be rolled out only on a local scale.
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