The Foreign Exchange Market is arguably the largest financial market in the world. It daily trading volume is estimated to be around $7 trillion. Marginal trading with high leverage is mostly how thousands of traders earn, because trading in this form allows for high yields, however with a certain amount of risk involved. Different assets such as currencies, stocks, index, CFDs, etc are the modes of transacting. It is a very lucrative market to trade. However, it is large firms and wealthy individuals that trade in forex market the most due to the large capital requirement needed to trade. Despite the capital requirement, there are significant number of retail traders who trades in the market too, however they’re not protected from fraud by intermediaries such as dealers, brokers and even the exchanges themselves.
The Foreign Exchange Market is characterized with so much fraud and inefficiencies. There are lack and inadequate control measures and standards, that protecting the trader’s interest is somewhat difficult.
In a nutshell, traditional regulation of the market is ineffective, outdated, and cannot be relied on to protect investments of retail clients. Nevertheless, distributed ledger technology (DLTs) can eliminate this problem.
In 2016 a forex company named ForexEntourage marketed it products to me which would help me earn substantial profit, if I subscribe and invest a specified amount. They made me entered into partnership with Blackwell global as the broker. Because of my appetite for investing, I paid the subscription fees and invested the specified amount.
A month into the contract, I kept seeing losses upon losses without meaningful explanation. This went on to a point I got tired and had to cancel the contract, leaving me with huge losses. This goes to substantiate the massive fraud in the forex market.
This is why we need SERENITY!
SERENITY is a blockchain platform built on the Ethereum blockchain, that seeks to protects the interests of traders’ funds by placing them on SERENITY smart contracts. The smart contract is designed and structured in a way to ensure that the transfer of funds proceed only by the mutual consent of the trader and the broker. And in the emergence of a conflict, SERENITY mediate in the transaction, more like an ESCROW agent.
In order to make a decision that is transparent and legitimate, SERENITY records the digital signatures of both the trader and broker’s interactions on the blockchain. With blockchain technology commonly associated financial risks are mitigated for traders in any part of the world.
With SERENITY platform, crypto traders can invest their monies in any classical and traditional financial assets while keeping their various accounts in the nominated cryptocurrency token of their choice and also receiving accrued profits in cryptocurrency.
The SERENITY will issue its own native utility token that will be used in the SERENITY platform to pay fees. The crowdsale is ongoing! Go to https://ico.serenity-financial.io/auth/signup?code=VoJWK5Eb, register to buy the tokens
Serenity Tokenomics (Supply & Demand)
Demand: By the end of 2019 Serenity project will attract 1,000 brokers. This also implies 5 million Serenity token users as a part of the ecosystem.
Utility: 50% to 100% of SERENITY service price must be paid with tokens
· Market: Steady influx of BUY orders in the Depth of Market will increase Serenity Token demand. Meanwhile, all used tokens will be destroyed, reducing supply in the market.
· Pricing: Serenity tokens will be accepted at their full nominal value or at higher price based on the market valuation.
· Supply: Tokens used to pay for the company services will be withdrawn from circulation and destroyed.
ICO dates: January 25th — March 7th, 2018
Payment for services
A client will pay 50%-100% of the company services with tokens
Transaction fees, manual arbitration in case of disputes, provision of liquidity to brokers
Tokens used to pay for the company services will be withdrawn from circulation and destroyed!
Listing on exchanges
After the ICO, SERENITY tokens will be traded freely on exchanges.
Total number of tokens for ICO: 400,000,000
Coin Ticker: SRNT
Nominal value: 0,0001 ETH
Token type: Utility
January: Serenity is founded
May: Beta release of the Automated Trade Analysis System
June: Cryptocurrency Exchange MVP launch
October: The first brokers are being connected to the system.
November: Pre-ICO round
December: Closed round of sales.
January — March: ICO
March: Listing of SERENITY tokens on crypto exchanges
Introduction of independent mediators for client claims analysis
April: Cold wallet system launch
June: Launch of Serenity cryptocurrency exchange
Launch of the custom blockchain for recording client transactions
September: Release of the live version of Serenity platform
November: Implementation of the Client Digital Signature for user identification.
December: Implementation of Serenity liquidity aggregator into the platform
January — April: Serenity receives liquidity from European banks
May — December: Marketing
Introduction of new wallets
> 1,000 brokers in the system
MEET THE TEAM
CEO and founder of Grand Capital, an international financial services company that has a monthly turnover of US$6 billion and serves over 300 000 clients worldwide.
Co-founder of Serenity project and its COO. Anton’s career spans over 11 years among the top positions in Forex sphere. Head of Risk Hedging Department.
Expert in promotion of Forex companies in Asia: China, Indonesia, Myanmar, India, Vietnam. More than 10 years of experience in development of partnership programs.
More than 10 years in commercial development, including 6 years of product development for Forex companies. CEO of UpTrader, a provider of software for brokers.
Sergey started his career in 2007 as a financial analyst. Later he became the head of a brokerage company’s analytics department. He is a recurrent guest speaker at RBC TV and Kommersant FM, writes for ITAR-TASS and Interfax. Since 2011, Sergey has worked on a SRO project to create a regulated Forex market in Russia.
Sergey’s area of expertise includes blockchain technologies, smart contract development, back end tools (Python, NodeJS, Django, Flask, Nginx, PostgreSQL, MongoDB), front-end tools (React, Angular JS, jQuery, Bootstrap), mobile (React Native) and machine learning (Caffe and TensorFlow).
Lenur Zamzaraev is a seasoned developer, Internet and telecommunications expert with over 7 years working experience. Lenur has expertise in back end development: Python/Django, Tastypie, Mongo, Elasticsearch, Memcached; and in front end development: CanJS, RequireJS, Gulp, Bower, Underscore, Sass.
Python developer. Backend (Python 2/3, Django, Flask, PostgreSQL, MongoDB, Golang), Frontend (AngularJS, jQuery, CoffeeScript). Stanislav has worked on freelance (development of network protocol) and open source (Blockstack — blockchain-based decentralized web) projects.
Multitalented product designer with more than 5 years of experience. Designs useful and clean mobile and web interfaces.
Head of Marketing
Elena has over 10 years of experience in business promotion and reputation management, including 6 years in financial industry.
PhD in Engineering Sciences, started his career in financial markets as a sales manager. Presently, Ala is developing investment offerings.
Business Development, China
Marketing financial products and sales in China. Partnership development in China. Organization of expositions.
Technical support for clients in Indonesia.
Sales and partnership development in Indonesia
Bachelor of Business Administration.
Sales manager, China
Partnership relations expert in China
Junior Python developer
Anastasia took the first place in a nationwide Computer Science competition. She is a constant participant and prizewinner in various programming, math and computer science contests.
Junior Python developer
Nikita is a skilled developer and works with Python/Django, Bootstrap, Linux/*nix, Docker, Git, MySQL, SQLite, PostgreSQL, HTML, CSS, JS, Gtk.
For more info: Visit
Download Whitepaper: https://serenity-financial.io/static/downloads/serenity_financial_eng.pdf
Youtube Channel: https://www.youtube.com/channel/UCEA_0yYW1vIKmfEx3OyIhBQ?view_as=subscriber
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2167140.0