Topic: [BOUNTY][ICO] ⚡⚡⚡Serenity Financial⚡⚡⚡ 3 500 000 TOKENS (Read 9753 times)

How does Serenity smart contract work?



Recently we launched the Beta version of our Escrow system, which features the first edition of our Escrow smart-contract. You can view its source code on our GitHub.

In this post, I want to give an overview of how our smart-contract works.

First of all, the contract knows that when it accepts a transfer, and has enough SRNT tokens, it should immediately burn them. This process happens absolutely automatically. In case there’s not enough tokens on the contract, 1% of the transfer goes to Serenity’s wallet, and we buy and burn tokens ourselves.

But the main part of the smart-contract is the Escrow logic: the contract holds Ethereum addresses of the trader and their brokerage company. These addresses are saved in the smart-contract at the time of its deployment, and can’t be changed later, even by us. The main thing in the logic of the contract is that the funds can be transferred only to these two addresses. That means that even theoretically, no one else, not even Serenity, can get money from the contract, because it just can’t transfer it to anyone else.

How does the smart-contract know when it needs to transfer the money? It waits for two exactly matching transfer commands. These commands can be done only by brokerage, client or from Serenity’s wallet. Again, the wallet addresses can’t be changed after the contract’s deployment. The command is really simple: it specifies which amount from what is held on the smart-contract should go to the brokerage, and which to the client. When we see that the contract received a withdrawal command from one of the parties, we notify the second party about that.

For example, if there’s 10 ETH on the smart-contract, the client can issue a transfer command, requesting to transfer 9 ETH to themselves, and 1 ETH to the brokerage. But the transfer won’t be executed, until exactly the same command arrives either from brokerage or Serenity. This procedure ensures that each transfer decision is approved by at least two of the three parties: brokerage, client, and Serenity.

This simple and straightforward structure of the contract ensures that it’s secure and can be easily audited.
https://medium.com/@Serenity_financial/how-does-serenity-smart-contract-work-6865fdfd9e8c

SERENITY FINANCIAL IS A STARTUP COMPANY WITH A PRODUCT IN DEVELOPMENT  AND A PURCHASE IN SAFTS IS INHERENTLY RISKY AND TO THE BEST KNOWLEDGE OF SERENITY FINANCIAL DOES NOT CONSTITUTE INVESTMENT AND/OR ANY KNOWN AND ACCEPTED FINANCIAL INSTRUMENT  SUCH AS A SECURITY FOR EXAMPLE. ANY REFERENCE TO SAFTS IN TERMS THAT ME BE INTERPRETED AS AN INVESTMENT AND/OR ANY KNOWN AND ACCEPTED FINANCIAL INSTRUMENT  SUCH AS A SECURITY FOR EXAMPLE  IS INHERENTLY FALSE AND MUST BE VIEWED AN UNTRUTH AND AS MISLEADING.

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Update on Serenity Escrow development progress
https://medium.com/@Serenity_financial/update-on-serenity-escrow-development-progress-6ba3e793dfa9

We are excited to announce that the development of Serenity Escrow beta version is almost complete and the release will happen as early as next week. We will announce the exact release date soon.

We are excited to announce that we have launched a new website for Serenity project. The website address remains unchanged. The new website is currently available in six languages: English, Russian, Chinese, Spanish, Indonesian and Vietnamese.

The website displays the detailed roadmap for Escrow and Serenity Exchange development, the information on where to purchase and spend SRNT tokens, how Serenity project functions and the current list of the project partners. Please don’t forget to join our Telegram channel to stay up-to-date with the latest news about our project.
https://medium.com/serenity-project/serenity-project-has-a-new-website-c4c96af2ac1e

 In SERENITY all trading and non trading operations and transactions between brokers and traders will be processed and recorded in the system which will eliminate the possibility of retroactive counterfeiting and will allow to have the right of final decision in case of disputes.

 The only reason why you should purchase the SERENITY tokens today is that the supply of the tokens limited and if you want to access our products at a reasonable cost or at all your best opportunity is to purchase the necessary amount of SERENITY tokens at the Token Sale.

 In SERENITY all trading and non trading operations and transactions between brokers and traders will be processed and recorded in the system which will eliminate the possibility of retroactive counterfeiting and will allow to have the right of final decision in case of disputes.

UBK Markets partners with Serenity

We are happy to announce that UBK Markets partners with Serenity.

The company constantly strives for continuous progress developing new technological solutions and improving existing ones taking into account customers’ and partners’ individual needs and wishes.

UBK Markets power lies in ateam of professionals. Knowledge, potential, energy and creativity of each person make the team strong and unique.

Serenity Financial provides added transparency for customers and brokers alike. The combination of functions within the Serenity platform allows clients to quickly and efficiently manage their trading results and money while having an exact snapshot of all trading activity conducted on the brokerage account. This technology reduces commonly associated financial risks for traders.

https://medium.com/serenity-project/ubk-markets-partners-with-serenity-5e1a76c6d05b

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Leading Global FX broker TeleTrade partners with Serenity

We are very pleased to announce the new partner that has joined Serenity project — the world known leading FX provider Teletrade D.J. Limited.

TeleTrade was founded back in 1994 and at the moment more than 30 countries worldwide.With 23 years of operations in the international financial markets, outstanding reliability proven by many international awards and sustainability reaffirmed year by year of stable business TeleTrade became one of the leaders of foreign exchange brokers worldwide. TeleTrade international brand builds its business on principles of high professionalism, reliability, confidentiality and responsibility when dealing with clients.

According to Global Banking & Finance Review, TeleTrade is recognized as the best forex broker in Customer service in Europe. Teletrade D.J. International Consulting is an Official Forex Trading Sponsor of Burnley F.C. (founded in 1882 in Lancashire, English Premier League).

https://medium.com/serenity-project/global-fx-leader-teletrade-partners-with-serenity-15b22eecd6da

Cant wait to see this platform releases in next quarter, i always keep this project on my eyes, and also i hope this project will make deals with another market to spread the hype.
I cant imagine where this project can go if many big brokers join as a serenity partner, how much money will saved if the project run, how much people come if this project run, and i hope blockchain will suit on this platform, go serenity, may the force always be with you

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Serenity announces new partner: brokerage house MaxiMarkets



We are pleased to announce our new partner — Maxi Services Ltd.

Maxi Services Ltd. is an emerging global market leader in financial trading. The company was established in 2008 and is now a rapidly growing brokerage house that enables retail and institutional investors (banks, hedge funds, high-frequency traders, brokerage companies) to trade Indices, Commodities and Forex. In order to provide the most favorable trading conditions and the best customer service, the Maxi Services Ltd. strategy is to partner with the leading financial institutions in each region the company operates in. Low spreads and the absence of any hidden commissions make MaxiMarkets an advantageous partner for traders. https://medium.com/serenity-project/serenity-announces-new-partner-brokerage-house-maximarkets-7e0e5bf95f62

I received some (bounty?) token. I'm not sure if the amount is correct, as I can't find any report. Thanks anyway.

BBMTrade broker joins Serenity



We are pleased to announce that yet another brand — BullBearMarkets (BBMTrade) partners with Serenity.

BullBearMarkets is a forex and CFDs broker which provides traders with safe, easy and low-cost access to financial markets. BullBearMarkets is a company that has a professional, dedicated and diversified management team from many different cultures and years of experience in the market. The company provides its services to a great number of traders all around the world.
https://medium.com/serenity-project/bbmtrade-broker-joins-serenity-883d967d249e

Regarding bounty program, I still haven't received the expected tokens. Is there any information about it?

The big Finance Magnates interview with Stanislav Vaneev about Serenity future plans



Serenity Founder Stanislav Vaneev sat down with Finance Magnates to speak about the project time frame, outline changes in the roadmap and explain how brokerage companies will cooperate with Serenity.

Read the full interview at Finance Magnates website

Serenity CBDO Alexander Stanovoy explains how brokers will attract clients through Serenity platform



Alexander Stanovoy explains how brokers will benefit from Serenity services, how to attract new clients through the platform and announces the free 2-year membership for early adopters.

Watch the video on our YouTube channel.

Serenity co-founder Sergey Kozlovsky: “We’ve presented the project at Asia Trading Summit in Shanghai”



Last week Serenity team took part in Asia Trading Summit. Following Serenity CBDO, our co-founder and head of sales Sergey Kozlovsky also reviewed the summit’s results.

Watch the video on our YouTube channel