Green energy projects on blockchain - Serenity Source

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Energy sector developed in the beginning, within local communities, that are close to energy provider. Further development brings interconnection of local communities connected to local power sources on regional and national level. Higher power levels enabled transmission of power to greater distances, and that was the main issue for regional interconnection, since voltage drop is significant and depend on distance on lower power levels. Standardization jumped in within this step, and there is still difference between power outlets around the world, in regard of power level, frequency, but also physical connection, between countries and continents, with visible influence from colonization. Following step in the development was to interconnect national networks to international and global network, which caused further standardization, that is needed for interconnection. Still, this standardization was on a interconnection level, and power levels for consumers is not standardized globally.

Interconnection between national networks provide potential for energy sale between countries with enough energy resources and countries that lack energy resources. This step enabled alternative and renewable energy resources, because these do not provide constant energy, and now excess of energy could be sold on international market, in case of need. Previously, excess of energy was accumulated, which is expensive process, and increase energy prices for consumers. International energy trade enables cross-country sale between companies and provide consumers with better prices.

Blockchain is enabling better engagement between consumers and utilities, that provide transparency in the relationship. Serenity is offering solution based on this improvement, and people are offered solution to have a better position in relation with Utilities. It is foreseen that Serenity is connected to national energy providers, to provide balance between production and demand. Final goal is to transit to decentralized network and increase percent of renewable sources in the global network, but Serenity also foreseen local consumption of local produced energy, whenever it is possible, with all transactions recorded on the blockchain.

Main focus of Serenity platform is on use of renewable energy, combined with green construction and Net-zero estates, that use low power sources and renewables, such as wind turbines, PV panels on the roof, heat recovery, free constructions will thermal bridges and high energy performance windows. With aim to decentralization and monetization of green activities for general population, that do not have incentives, like companies that could buy and sell green tokens for energy, Serenity is offering incentive to people to behave in common interest. This project will help man kind in a way to promote green way of living, that will help to reduce pollution and sustain earth to be health place to live for future generations. Additional features include security, tracking in real time, smart energy retail market and net-zero or passive houses.

Serenity will charge members and consumers that are close to wholesale prices, with small markup, and cheaper than existing suppliers. On the other hand, renewable energy production sources will be funded by Serenity, to improve production and number of resources. Carbon credits are additional benefits to members, that will be achieved based on household green rating and amount of produced renewable energy.

P2P trading will transform centralized environment, where consumers do not have many choices, specially on local level, where locally produced energy could be traded between local parties. It will be an improvement for all parties, since local producers will be able to sell their energy, just as national energy providers. ERGON tokens will enable trading on a Serenity platform, with small transaction fees for exchange of ERGON to fiat.

Serenity token economy is foreseen with three tokens – Serenity as a main token, Ergon as utility payment token and Carbon as utility award token.

  • Serenity token is pre-mined in quantity of 500 million, from which 40% is for sale, with 34% available for general sale. This token will fuel Serenity blockchain based economy and facilitate access to the platform. Redeemed Serenity tokens will be burned and taken out from the supply, which will have positive influence on token price;
  • Ergon as utility payment token will be pegged to local currency, generated when fiat is inserted into the platform by users and members;
  • Carbon will be stable coin, rewarded for CO2 reduction, which is backed by price of Carbon on the market.

Presale and airdrop are still in progress, on the website, and sale is beginning on first of September, with planned softcap of 5 million USD, hard cap is 20 million USD. IEO starts on July 13th, in partnership with Sistemkoin, with supply of 5 million coins, price per token 0,1 USD. Until now, reserved number of tokens is small, but it is expected to increase until the end of IEO.

From the pool of partner companies, listed on their website, SOAP engineering, which stand for Scada, Optimization, Automation and Production, Solarex, that have their own Solar Energy Blockchain Ecosystem and ICO phase2 in progress and that provide simple on-boarding for new users in blockchain ecosystem are important to mention. SOAP has more than 25 years of experience in delivering SCADA systems, and present valuable partner in development phase for green construction.

Main feature on Serenity platform is Hepek, that stands for Harness of Energy Powered by Encrypted Kit. It is an IoT device that enable blockchain on the network and provide smart energy meter functionality. Hepek will be activated through ERGON tokens on the platform. This will be combined with Rapid Building System, that will be a project cornerstone for building of Carbon Negative, Net-zero homes.

Roadmap foreseen API development for the end of next year, that will enable efficient energy usage, with first HEPEK devices delivered at the end of this year, integration of building and HEPEK devices at the start of next year and rolling out of at least 3000 units in the middle of next year and delivery of client version 1.0 in 2020 Q3, with foreseen 100000 devices in mind. It is expected that 2021 will be marked with SDK delivery and version 2.0 of HEPEK client.

More details on in Serenity project whitepaper.

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