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Author Topic: [ANN] Serenity - energy on the GO! Energy Retailer on Blockchain Project  (Read 541 times)
serenitysource
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June 30, 2019, 04:27:52 PM
Last edit: June 30, 2019, 04:38:46 PM by serenitysource
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Serenity - energy on the GO!

With a focus on the renewable energy sector,
combined with the power of the blockchain this project aims to revolutionize
the energy generation, monetization of carbon credits, developing Net-Zero
estates and expand globally by affiliate licensing.

Serenity is a next-gen renewable energy retailer on blockchain
which is looking to reduce energy bills, put control back on users’ hands and reduce
carbon emission through multifaceted blockchain ecosystem.


-------------------------------------
Patent number: 2018101013
Australian Government
IP Australia



The Challenge

Humanity is on a collision course; we will perish unless embrace different approach. We must neutralize damages caused by our negligent economy and balance our consumption with sustainable natural regeneration life cycle. It is a moral and existential imperative! However, achieving this is challenging. At present we have inadequate tools to measure and compensate the impacts on nature; until now.

A significant part of produced renewables is being lost because the power sector today is unable to optimally address structural transition towards renewables and decentralization. The electricity operators struggling to balance electricity production and consumers demand and the marketplace lacks transparency and incentives for reduction of energy consumption. Cost of insufficiency bears the end user paying higher energy prices.

Consumers are showing a greater desire to have more control over how the energy is consumed, generated and distributed. There is a direct correlation between energy and building industry in respect to energy consumption and its loss.

Unfortunately, there is still a lack of common understanding of the benefits of building by passive standards.




Our Solution

Serenity is bringing blockchain to the energy sector with the potential to transform how people engage with these utilities by bringing control and transparency back to the end users and offering solutions for people who have been neglected by traditional systems.

Serenity Platform will be connected to the National Electricity Operators, providing the necessary balance between electricity production and consumers demand, responding at substation level when it is needed, making possible structural transition towards renewables and decentralization.

Energy produced locally will be traded and consumed locally, with minimal impact to the rest of existing electrical grid, avoiding high-voltage or low-voltage damaging situations and lowering the transmission loss which occurs over longer distances

Serenity is bringing blockchain to the energy sector with the potential to transform how people engage with these utilities by bringing control and transparency back to the end users and offering solutions for people who have been neglected by traditional systems.

Serenity Platform will be connected to the National Electricity Operators, providing the necessary balance between electricity production and consumers demand, responding at substation level when it is needed, making possible structural transition towards renewables and decentralization. Energy produced locally will be traded and consumed locally, with minimal impact to the rest of existing electrical grid, avoiding high-voltage or low-voltage damaging situations and lowering the transmission loss which occurs over longer distances.

Serenity members consumers will benefit through lower price of electricity and getting a better deal for produced and exported energy. Blockchain technology and Smart Contract utilization will minimize administrative costs.
Production of renewable energy will be rewarded by Carbon Credits.

The distributed ledger architecture will provide secure and immutable proof of tokenized asset ownership and facilitate a variety of energy market transactions implemented through the set of smart contracts enabling trustless environment for all Serenity members (consumers, prosumers and operators).

It makes sense to Serenity to adapt Rapid Building System®, passive-house solutions in building industry, as early as possible and create Serenity Net-Zero energy platforms for renewable energy production.

Rapid Building System® could drastically reduce residential energy consumption in developed countries which is up to 40% of total energy use.




Why Serenity?

Unlike a traditional energy distribution model, Serenity’s model is to transact energy sales, surplus energy trading, and other ancillary activities over the blockchain. The Serenity platform will be connected to national electricity operators, providing the balancing the demand and supply of electricity, responding at the substation level, and making possible a structural transition towards blockchain and renewables.

We know that there is a demand for these services and products and that by and large, it is only the complications that discourage people. Through the power of the blockchain, we are removing these complications or at the very least simplifying them, paving a clear route to a healthier planet for all people.

Unlike a traditional energy distribution model, Serenity’s model is to transact energy sales, surplus energy trading, and other ancillary activities over the blockchain.




Energy Retail Services

Serenity will charge members (consumers) near wholesale electricity price (with small markup), still being able to offer cheaper electricity compared to existing retailers. This will be achieved through the access to the wholesale electricity market real-time pricing and automated blockchain enabled energy purchase micro-transactions.
Any surplus of produced renewable energy within Serenity pool will be sold on wholesale energy and carbon market and prosumers/generators rewarded with ERGON and CARBON tokens.
 
Being able to synchronize all Distributed Energy Resources (DER) through blockchain and HEPEK device control, Serenity will satisfy regulatory requirement for minimum installed capacity to be categorized as Large-Scale Electricity Generator and sell produced energy on wholesale electricity markets.

All prosumers and generators will receive ERGON tokens, a payment for renewable electricity exported to the energy grid, and CARBON tokens as a reward for lowering carbon emissions.




Serenity Smart Broker (HEPEK)

Serenity is developed HEPEK prototype, IoT device, secure smart energy meter and blockchain-enabled gateway, which empowers prosumers, generators and consumers to become part of Serenity decentralized community. This appliance is integrated with the local electrical installation and connection to the Internet and GPS. HEPEK gateway will measure indoor and outdoor temperature, battery level, electricity inflow and outflow and communicate with the blockchain.

Energy storage, batteries, are the best resource to be controlled by HEPEK in real-time. Serenity members with given access to the wholesale market real-time pricing and energy storage available can benefit the most and generate revenue from temporal energy arbitrage. Buying electricity when cheaper and selling it back or consuming when energy is expensive.

On demand-response markets, consumers who have flexibility in their loads are incentivized to shut down those loads for a short period and lower demand. Access to this is another opportunity for Serenity members to react to dynamics of demand response market and if HEPEK is configured to do so, it can turn off AC and broadcast bid through Serenity to demand response market generate another revenue stream.




Business Model

The business model will suit Serenity vision and concept of distributed community. We aim to become Energy Retailer, Renewable Energy Generator and Sustainable Residential Developer, delivering residential Net-Zero dwellings (estates) and commercial facilities for renewable energy production (solar, battery, wind farms).

Revenue will be generated from:

  • Energy Retail Services
  • Renewable Energy Production
  • Carbon Credits Monetization
  • Residential Property Sales and Rental Income
  • HEPEK Smart Device Sales and Lease
  • Serenity Platform Transaction Processing Fees
  • International Affiliates Licensing

Blockchain technology and Smart Contract utilization will minimize administrative costs and automate the process.
Ten percent of net profits will be allocated into the funding pool used to fund Serenity community growth, building more sustainable and energy efficient estates, and new renewable energy projects.



Token Economy

Serenity will utilize a three-token model, each token will be ERC-20 compliant.

Serenity (SET) Token

It is ERC20 utility and work token used as a right to:

  • acquire access to Serenity Energy Retailer services
  • obtain additional electricity discounts
  • perform work on behalf of the Serenity community network

The Serenity (SET) token will fuel Serenity’s blockchain based economy and facilitate access to Serenity Platform, allowing global platform interoperability. Serenity affiliates will need to acquire and surrender appropriate amounts of Serenity tokens in order to become network provider services.

Members (community workers) will redeem and burn tokens for a right to share revenues and non-speculative profits (fractional programmable ownership) generated by Serenity renewable projects (solar, wind, battery farms and Net-Zero real estate).




Token Distribution

A fixed number of SERENITY tokens (500,000,000) pre-mined at Token Generation Event.

  •  1% of pre-mined tokens will be available for sale, stage 1
  •  5% of pre-mined tokens will be available for sale, stage 2  
  • 34% of pre-mined tokens will be available for sale, stage 3
  •  5% of pre-mined tokens will be distributed through Air Drop, Bounties, Referrals, Marketing
  • 40% of pre-mined tokens will be held in Treasury  
  • 15% of pre-mined tokens will be held by Founders and Core Team  



Serenity Token Redemption

Occasionally, Serenity redemption programs will permit Serenity members to redeem Serenity tokens, offset Serenity Retail mark-up and obtain allowance to trade electricity with Serenity at near wholesale prices. After the redemption allowance is exhausted consumer will continue to pay the regular price.

When periodic redemption limit is reached, member will no longer be able to redeem more Serenity tokens until next redemption period start. In the event of redemption, the redeemed Serenity tokens will be taken out of supply and destroyed.

Serenity redemption will be automated, performed only by registered HEPEK device. Separate Redemption smart contract will control redemption process in different regions and jurisdictions.

Redemption limits and frequency will depend on size of member base and revenue obtained. With member base increase, limits will relax, and total redeemable amount of energy will rise as well.



ERGON (Stable Payment Token)

The ERGON (ERC20) token is a currency for energy trading, a stable payment token, designed to provide blockchain security, trustless transaction immutability, to protect members from crypto market fluctuation and maintain a steady energy price.  As a stable payment token, ERGON is pegged to the local currency and backed by actual fiat deposits in the currency of local trading jurisdiction.

The ERGON token will be created when Serenity member deposits fiat, crypto, or through blockchain provable production of renewable energy, and redeemed by Serenity member either for fiat, or worth of energy consumed, denominated in currency of local trading jurisdiction. When redeemed ERGON tokens will be taken out of supply and destroyed.

In some instances, member (electricity consumer) can earn ERGON tokens by lowering or shifting energy consumption because local grid operator, e.g. small municipality or a private microgrid operator, can incentivize the relieving of stressed areas of their grid during different times. Network participants contribute to the network benefit.



CARBON (Stable Award Token)

CARBON (ERC20) is stable token created as a reward for CO2e reduction through blockchain provable production of renewable energy and backed by price of Carbon Credits. Carbon Credits, being data-driven and dependent on multiple approval steps are the perfect candidate for a digital currency as they exist separately from the physical impacts to which they correlate. In the event of redemption, the redeemed CARBON tokens will be taken out of supply and destroyed.



Net-Zero Residential Property Developments

Serenity will design and build residential developments and single dwellings by utilizing Rapid Building System®, perfect platform to build passive homes, when equipped with integrated solar panels, batteries and HEPEK device such hoes will become Net-Zero dwellings.
Rapid Building System® is a holistic construction design which conforms set of Passive House design principles:

  • Thermal Insulation
  • High Energy Performance Windows
  • Mechanical Ventilation Heat Recovery
  • Airtightness
  • Thermal Bridge Free Construction
  • Integrated PV roof panels

Such dwellings will be platforms for the renewable energy production in prosumer mode (energy self-sufficient residential property with capability to export to grid any surplus of generated electricity).
Serenity will invite members to participate in the growth of Serenity ecosystem through fractional ownership of revenue produced by renewable energy resources.

Serenity will invite and empower Serenity members to access to the property market by easy and affordable investments trough fractional - “Fractals” ownership of a high-value tangible assets like luxury smart Net-Zero Real Estate developments.

Unlike a property syndicate, fractional property investment offers high liquidity. This means investors can cash out their investment at any time by selling their Fractals on Serenity platform for Serenity tokens.



International Affiliates Licensing

Global Serenity community will require Energy Retailer services to be provided under different trading jurisdictions. Serenity will partner with other business who are keen to implement our business model and utilize blockchain technology Serenity is currently developing.

Our expansion plan will be implemented through licensing affiliated business and partners. Successful candidates should be capable to run Energy Retail business and to redeem defined amount of SERENITY tokens. Redeemed tokens will be taken out of supply and destroyed.



Membership

Serenity community will consist of prosumers, consumers, renewable generators and community workers (Fractional Programmable Revenue Owners).

To access Serenity services member will need to open an account with Serenity, subject for KYC verification process, and deposit Serenity tokens into Security Bond smart contract, equivalent to price of average monthly energy consumption expressed in Serenity, at the time of the subscription. Serenity tokens will be frozen for the period until subscription contract expires. After expiration of subscription contract, Serenity tokens will be returned to members’ wallets.

Community workers are volunteers ready to surrender their Serenity tokens as pledge of support to the community network development. In return Serenity will reward “workers” with gift, in form of fraction in revenue generated from projects.



Wallet

Serenity wallet can be any ERC20 standard wallet.

We recommend Trust Wallet
https://trustwallet.com



Useful Links

SET Contract Address:
0xb54be748dee3955afb28b50beed24f9db8992cab
Official Site URL:
https://www.serenitysource.com.au
Email Contact:
info@serenitysource.com.au
Blog:
https://medium.com/serenity-source
Reddit:
https://www.reddit.com/user/serenity_admin
Facebook:
https://www.facebook.com/serenitysource.io
Twitter:
https://twitter.com/serenity_source
GitHub:
https://github.com/Serenity-Energy/Utility
Telegram (group):
https://t.me/SerenityIEO
Telegram (channel):
https://t.me/serenity_channel
LinkedIn:
https://www.linkedin.com/in/serenitysource
Whitepaper:
https://serenitysource.com.au/assets/docs/SERENITY_WHITEPAPER.pdf
YouTube channel:
https://www.youtube.com/channel/UCpFFfYKjkQxFql1hJ9RRWrw




ROADMAP

PHASE 1: Q1 2019 – Q1 2020

HEPEK IoT Smart Energy Broker

This phase will be used for rapid improvement to Serenity software and hardware components. Before developing the software, Serenity will need a stable hardware prototype of the HEPEK smart gateway to ensure the development environment will remain constant. This prototype should come from a production process that is at least scalable to a few thousand devices.

During this phase, Serenity will hire three hardware engineers to finalize the first production hardware device. CTO will oversee the HEPEK prototyping, testing, and production.

Content Delivery Network

Before making upgrades to the HEPEK client , Serenity needs to establish a process where HEPEK software will fetch updates from the server, which will be critical to streamline later upgrades and enable fast iterations. The software team will spend much of this phase developing a content delivery network (CDN) - this will mostly be on the server side. The software team will also build the plumbing (remote logging and debugging) for the HEPEK client to operate regardless of which environment is chosen.

Updates to the Client

The phase 1 will see rapid development of the client. Serenity will hire two additional software engineers, primarily for development of the client. This client will have bare minimum functionality (signup, open payment channels, withdrawals).

The software team will also spend more time on the REST API of the Serenity service, which will be similarly limited in functionality. The end of phase will be marked by a v1.0 release on the releases page  of the HEPEK client.

Net-Zero Display home

Serenity will build Net-Zero display home with HEPEK operational logging energy related data onto blockchain and implementing electricity handling control. Serenity will use Rapid Building System®, hire assembly specialists and anticipate having display home assembled within 4 weeks towards the end of phase 1.

PHASE 2: Q1 2020 – Q1 2021

Rolling out retail energy business in targeted regions. During this period, Serenity will establish a single utility in a targeted region and sign up 5,000+ customers. These customers may be given SERENITY tokens in promotional events and which will be automatically redeemed for the right to purchase electricity at wholesale prices.

First Retailer License

Serenity will begin this phase by applying for energy retailer license in a deregulated market within Australia. At the time of writing this, no market has been selected, but the target markets have been narrowed down to a short list.
Serenity will need to contract with a marketer who is familiar with marketing utilities.
Scalable Hardware Production

After reaching a v1.0 of the Serenity HEPEK client, Serenity will establish an improved production process for the hardware. This process will need to scale to 100,000 devices and will require at least two full-time manufacturing engineers to ensure Serenity can meet production quotas.

More Customers

During phase 2 Serenity will acquire 1-3 more targeted regions ensuring the process is scalable. Long-term, Serenity hopes to open many services worldwide, and this is only possible if with a sufficiently streamlined expansion process. Serenity will need to contract with several more marketers who are familiar with the respective local regions.

Once Serenity has acquired a sufficient number of customers, it will begin utilizing ERGON liquidity (ERGON is created when customers make deposits or export energy to the grid). This step will introduce a new revenue stream (from generalized state channel fees) and also make Serenity more efficient (migrating simple, custom payment channels to the Raiden network) presenting Serenity platform as a hub for stable token (AUD) commerce. Payment channels and the Raiden network will be a big step in facilitating the mass adoption of the Ethereum network for payments.

CTO will oversee the software team’s phased migration to the Raiden hub. Serenity will bring in subject-matter expertise from Ethereum community in making a smooth transition.

Better Decisions from More APIs

During this phase, Serenity will allow optional API data feeds to send encrypted information to the HEPEK device enabling better decision-making and more efficient energy usage. Serenity will need to scale its software team to develop the client, expand the API, create an SDK, and make the web system more scalable. Phase 2 will be marked by a v2.0 release of the Serenity HEPEK client.

PHASE 3: Q1 2021 AND BEYOND

This Phase will be the final phase during which Serenity will globally expand its energy retail network and sign up many more customers. At this point, Serenity must have a scalable process in place to facilitate this expansion.

Hardware Production Scalability

During this phase, Serenity will need to establish a production process to allow for millions of devices to be manufactured. This process must be extremely scalable and will require a significant ramp-up in hiring hardware engineers and process managers. Because Serenity will likely need to contract with multiple hardware manufacturers, it is crucial for the HEPEK to be built from sufficiently commoditized parts.

HEPEK AI Optimization

With the client software at v2, Serenity will now dedicate much of its software development time to optimizing HEPEK decision-making by designing better artificial intelligence to leverage incoming API data from sufficiently abstracted data feeds. The scope will require scaling the software team to include data scientists and AI experts. Up-scale will likely happen in several stages, and at that time Serenity will probably draft an updated roadmap.

International Expansion

While Serenity will be forming many more utilities in Australia, it will also look to expand globally in targeted regions which will require growth of the strategy team, which is overseen by CTO.




FOUNDERS

Elma Neimar

Co-founder, CEO @Serenity Source Pty Ltd, Rapid Building System® for smart Net-Zero building
Member of Global board of Directors and Ambassador for Australia & NZ for GABC Global Association for Blockchain and Cryptocurrency
Architect, inventor, Blockchain evangelist


Adi Saric

Co-founder & CTO @Serenity Source Pty Ltd, Director of Auset Pacific Pty Ltd, Electronic Engineer, inventor, Blockchain evangelist


CORE TEAM

Arek Sinanian

UN Climate Change Accreditation Panel of Experts CDM project verification and Carbon Certification


Patrick Roberts

Blockchain Architecture


Rajesh Kumar Maruvada

Product Strategy, Innovation Road Map


Schazil Najam

Electronics Engineer, Solution architect


Ahmad Ashfaq

Blockchain Integrator


Ahmad Saeed

Senior Blockchain Developer

   
Abu Nurullah

Digital Marketing and Community Manager


Muhammad Irfan

Marketing and Bounty Manager

        

ADVISORS

Bogdan Fiedur

Smart Contract Developer

Max Diffenbakh

Blockchain Advisor

Dr Karim

Founder / CEO MiRAK, ICO and Blockchain advisor

Anders Larsson

Blockchain Advisor – allcoinWiki

Paul Kang

Cyber Security, Fintech, Blockchain Advisor

Brian Gillard

Principal at Gillard Consulting Lawyers

Oti Edema

CEO@Solarex, Director at Africa Blockchain Research Council, Certified Blockchain Expert

Asim Butt

Blockchain Integrator for the Industry, Team Lead / Solution Architect



 
        
 
         
 
      


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July 02, 2019, 08:39:46 AM
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We are pleased to announce the bounty of Serenity Source project.
 




IEO Start date: 13/07/2019

KYC is required for this bounty project

Before joining the project bounty please read the Disclaimer carefully.



Serenity Source Bounty Thread


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July 02, 2019, 01:02:25 PM
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The idea sounds pretty good! Energy consumption is a big question. But I don’t really get one thing: what for you’re using blockchain here?
serenitysource
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July 02, 2019, 02:36:21 PM
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Smart Contract will do all accounting and consumed or generated energy as a commodity will be tokenized, allowing owners to trade pear to pear or on Serenity exchange platform instantly. The other asset is Carbon Credit, and we will let members to cash on CO2 emission reduction. Carbon Credits are ideal for tokenization. Not to mention data immutability and privacy guaranteed.

Serenity will be a whole ecosystem incorporating energy retail and net-zero real estate development, where we plan to engage our membership through fractional ownership to invest in the property market, where blockchain architecture will provide instant liquidity.
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July 03, 2019, 01:49:29 AM
Last edit: July 03, 2019, 03:06:32 AM by serenitysource
 #5

Serenity Multi Token Economy

Serenity will utilize a three-token model, each token is currently ERC-20 compliant. After ethereum test-net testing finished, we will deploy our energy retailer smart contracts on much faster and more scalable blockchain platform. Currently we partner with credits.com blockchain and exploring the best possible implementation options.
 
Virtual Commodity

Energy is the commodity which can be tokenized and treated as Virtual Commodity, backed by real-world, tangible assets.

Serenity Token (SET)

SET is not a proprietary payment currency; It is utility and work token used as a right to:

1.   perform work on behalf of the Serenity community network

2.   acquire access to Serenity Energy Retailer services

3.   obtain additional electricity discounts

4.   acquire fractional ownership in Serenity revenues generated from Serenity renewable projects

We hope it will be valued at a multiple of the operating cash flows that the system generates rather than as a fraction of revenues paid for services provided.

Scarce tokens combined with a useful service can create massive value for token holders and the company.
 
The SET token will fuel Serenity’s blockchain based economy and facilitate access to Serenity Platform, allowing global platform interoperability. Total token value should grow super-linearly relative to transaction throughput.

Serenity affiliates will need to acquire and surrender appropriate amounts of SET tokens in order to become network provider services.
Members (Community workers) will redeem and burn tokens for a right to share revenues and non-speculative profits (fractional programmable ownership) generated by Serenity renewable projects (solar, wind, battery farms and Net-Zero real estate).

Price manipulation through crypto market speculations will be minimized as only 40% of total token supply will be offered for sale through upcoming IEOs.
  
Contractionary Monetary Policy (token buy-back and burn operations) can help Serenity value to increase.

ERGON (Utility Payment Token)

The ERGON token is a currency for energy trading, a stable payment token, designed to provide blockchain security, trustless transaction immutability, to protect members from crypto market fluctuation and maintain a steady energy price.  As a stable payment token, ERGON is pegged to the local currency and backed by actual fiat deposits in the currency of local trading jurisdiction.

Serenity members can pre-purchase ERGON by fiat or crypto deposits and obtain right to consume energy. Prosumer and generators can earn ERGON as a reward for blockchain provable production of renewable energy exported to the grid.

ERGON token will be created when Serenity member deposit fiat, crypto, or through blockchain provable production of renewable energy, and redeemed by Serenity member either for fiat, or worth of energy consumed, denominated in currency of local trading jurisdiction.

International currency exchange rates will be applied.

E.g.

1 ERGON = 1.00 AUD worth of energy for Australian energy market

1 ERGON = 1.00 EUR worth of energy for EU energy market

1 ERGON = 1.00 YEN worth of energy for Japanese energy market


Serenity Platform will exactly map trading jurisdiction in which ERGON token was created (GPS embedded in HEPEK device, Oracle mechanism and KYC verification process).

Internal conversion between Serenity and ERGON will compensate for massive difference in energy prices in different parts of the world and allow Serenity members trade of energy produced in one and consumed in another trading jurisdiction trough Serenity international affiliate businesses.

ERGON token being stable, will allow trade of goods and services between members of Serenity pool within the same trading jurisdiction. Small business being Serenity pool member could accept ERGON as payment for the goods and services provided to other Serenity pool members (e.g. holder of ERGON tokens may elect to pay for dinner by ERGON tokens in the restaurant who is Serenity member).

ERGON token can be redeemed for fiat, SET or energy supply through Serenity Platform. In the event of redemption, the redeemed ERGON tokens will be taken out of supply and destroyed.

In some instances, member (electricity consumer) can earn ERGON tokens by lowering or shifting energy consumption because local grid operator, e.g. small municipality or a private microgrid operator, can incentivize the relieving of stressed areas of their grid during different times. Network participants contribute to the network benefit.

CARBON (Utility Award Token)

CARBON is stable token created as a reward for CO2e reduction through blockchain provable production of renewable energy and backed by price of Carbon.

Carbon Credits, being data-driven and dependent on multiple approval steps are the perfect candidate for a digital currency as they exist separately from the physical impacts to which they correlate.
In the event of redemption, the redeemed CARBON tokens will be taken out of supply and destroyed.

Use of Tokens


SET, ERGON and CARBON tokens will be traded on Serenity Platform.

SET, work token, will facilitate access to Serenity services and will be main investment vehicle for renewable energy projects within Serenity ecosystem. SET redemption will be automated and performed only by registered HEPEK device or in the process of acquiring the fractional programmable revenue share through token surrender community events.

ERGON token is a Serenity currency for energy trading and payment token for purchase goods and other services available to Serenity community in Serenity Bazaar.

Purchased ERGON tokens will be used to load registered HEPEK device wallets.

CARBON token is created and rewarded for CO2e reduction through blockchain provable production of renewable energy.

Serenity Token Redemption

Occasionally, Serenity redemption programs will permit Serenity members to redeem Serenity tokens, offset Serenity Retail markup and obtain allowance to trade electricity with Serenity at near wholesale prices.

For instance, Serenity members may have option to redeem up to 1000 Serenity tokens to offset markup cost and obtain allowance of up to 1,000 kWh of electricity, available to Serenity in the jurisdiction in which the member resides, at the time such electricity is purchased (consumers), or sold (prosumers, generators) by the redeeming member.

After the redemption allowance is exhausted consumer will continue to pay the regular Serenity price. When periodic redemption limit is reached, member will no longer be able to redeem more Serenity tokens until next redemption period start. In the event of redemption, the redeemed Serenity tokens will be taken out of supply and destroyed.

Serenity redemption will be automated, performed only by registered HEPEK device. Separate Redemption smart contract will control redemption process in different regions and jurisdictions.

Redemption limits and frequency will depend on size of member base and revenue obtained. With member base increase, limits will relax, and total redeemable amount of energy will rise as well.

ERGON and CARBON Token Redemption

Any Serenity member holding ERGON or CARBON tokens is free to redeem those for Serenity or fiat at any time. At the time of redemption, the redeemed ERGON or CARBON will be assigned a timestamp by the redemption contract and taken out of supply mechanism after EIP 661.
 
Payment Channels

Due to the high frequency of transaction settlements, the Serenity will utilize bi-directional payment channels to handle transaction processing.

To pay for energy, HEPEK opens a payment channel with Serenity by depositing ERGON to Serenity smart contract. In case when HEPEK reports energy production ERGON will be created and credited to the member’s account/wallet.

The payment channel is off-chain verification where two (or more) connected parties perform multiple transactions without broadcasting them to the network. Instead, once users close the channel, the final balance is mined and added to the blockchain in one go. Only two transactions with blockchain will be required, one to open channel and one two close it. Such approach makes payments fast, scalable and private with minimal network fee (gas).

When channel is closed, energy wholesale cost and Serenity fees will be deducted from member’s account/wallet.

The Serenity Token Treasury

Contractionary Monetary Policy (token buy-back and burn operations) together with maintaining the token velocity will help Serenity value to increase. Serenity will route collected fees from each closed payment channel through the publicly visible smart contract to make public information about Serenity liquidity. Tokens will be mainly used for Contractionary Monetary Policy (token burn operations) and liquidity planning and control, and to incentivize new members to join Serenity and for partnership arrangements with affiliated businesses.
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July 03, 2019, 05:34:13 AM
 #6

Smart Contract will do all accounting and consumed or generated energy as a commodity will be tokenized, allowing owners to trade pear to pear or on Serenity exchange platform instantly. The other asset is Carbon Credit, and we will let members to cash on CO2 emission reduction. Carbon Credits are ideal for tokenization. Not to mention data immutability and privacy guaranteed.

Serenity will be a whole ecosystem incorporating energy retail and net-zero real estate development, where we plan to engage our membership through fractional ownership to invest in the property market, where blockchain architecture will provide instant liquidity.
Thanks for such detailed response. I think I get it now
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July 04, 2019, 11:45:18 AM
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Serenity to Improve Current Energy Distribution


The power sector is facing a transition from a centralized structure with a small number of “large-scale” energy providers (hydro, coal, gas and nuclear) to a decentralized scenario of Distributed Energy Resources (DER), such as solar and wind.

The complexity of regulations and the cost of entry are two main reasons for the monopolies operating in energy markets globally.

On the other hand, consumers are showing a greater desire to have more control over how the energy is consumed, generated and distributed.


The Energy Supply Chain Overview



Present Situation


A brief overview of the present situation in relation to energy distribution and the challenges. If the readers are accustomed with the subject, they may skip this section.

Presently, energy services can be divided into generation, transmission, distribution, and retail.


Generation

Generation is electricity production by commercial scale energy producers. Historically these producers have been classified into hydro, fossil-fuel or nuclear based power plants.

Recently, large alternative energy production facilities are considered as a “energy generators” too.


Transmission

Transmission is moving of high-voltage electricity over long distances, usually from power plants (generators) to consumer networks (distributors).


Distribution

Distribution is moving of electricity from the transmission (high voltage) network to the consumers. Distributors operate lower-voltage electrical lines.


Retail

Retail (energy utility) business sell the electricity to the consumers. Retailers are responsible for administering and billing consumers.

In regulated markets, the energy supply chain operates as a single, vertically integrated monopoly. In deregulated markets there is market segmentation and more competition, so each role in the supply chain must be operated by a separate entity.

Residential electricity retail price is in constant rise. Traditional energy retailers Gross retail margin has increased as well. The biggest risk for current retailers is usually the wholesale cost of electricity generation — electricity spot prices fluctuate every five minutes (the basic interval for trading on the National Energy Market). Spot prices are determined in real-time based on some combination of electricity demand volume, generation capacity available and fuel type composition (e.g. a mix of wind, coal and gas). Part of the premium that they put on electricity usage charges has to do with the risk that they take.


Deregulated Energy Markets

In deregulated markets, energy retailers (utility companies), buy electricity at wholesale prices and sell it directly to consumers. Retailers are responsible only for metering and billing. About 50% of the cost of retail electricity is used to pay for the electrical energy. The other half goes for administrative, marketing, risk management, and bad debts, plus loss in electricity transmission.


Renewable Solutions


Renewable energy solutions are much more efficient and environmentally friendly. Typically, produced energy is used by household and any excess generated will be sold back to the grid. For a household sustainable solution, when deployed at significant scale, introduces severe technical challenges how to balance stability of the electrical grid designed only to feed in energy, but not handle energy feedback into the electrical grid, causing over-voltage and potential infrastructure damages.

Solar energy generated during the day, but the peak demand is in the evening. Therefore, power plants must adjust electricity production as soon as sunlight exposure changes, which is not efficient and adds additional burden on power plants and energy distribution. Improvements in energy storage capabilities and drop in production cost make batteries economically viable.

Energy produced locally will be traded and consumed locally, with minimal impact to the rest of existing electrical grid, avoiding high-voltage or low-voltage damaging situations and lowering the transmission loss which occurs over longer distances.

Serenity members consumers will benefit through lower price of electricity and getting a better deal for produced and exported energy. Blockchain technology and Smart Contract utilization will minimize administrative costs.

Production of renewable energy will be rewarded by Carbon Credits.

The distributed ledger architecture will provide secure and immutable proof of tokenized asset ownership and facilitate a variety of energy market transactions implemented through the set of smart contracts enabling trust-less environment for all Serenity members (consumers, prosumers and operators).

Serenity is a next-gen renewable energy retailer on blockchain looking to reduce energy bills, put control back on users’ hands and reduce carbon emission through multifaceted blockchain ecosystem.
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July 08, 2019, 01:48:30 AM
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hi dev, I see this Serenity project is really very good indeed.  where the purpose of manufacture is very long term.  if you may know, which tokens will be entered in the market later?  thank you



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July 08, 2019, 03:05:33 AM
 #9

The idea is really good, what you guys are doing is really necessary to the modern rotting world, it is really important for us to respect the nature and protection of our planet

 
STORICHAIN
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▬▬▬▬▬ ▬▬▬▬▬ ▬▬▬▬▬ ▬▬▬▬▬ ▬▬▬▬▬
  ❂❂
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  BOUNTY START
25 JUNE 2019
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July 08, 2019, 10:58:14 AM
 #10

Humanity is on a collision course; we will perish unless embracing a different approach. We must neutralize damages caused by our negligent economy and balance our consumption with a sustainable natural regeneration life cycle.
It is a moral and existential imperative! However, achieving this is challenging. At present we have inadequate tools to measure and compensate for the impacts on nature; until now...

Blockchain technology could utterly transform the world’s unsustainable economic model.
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July 10, 2019, 12:30:15 PM
 #11

I am glad to see good progress and development job doing in now here. I joined and see we will have good future so I back this fully , nice work team.

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July 10, 2019, 04:33:35 PM
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we will perish unless embracing a different approach. We must neutralize damages caused by our negligent economy and balance our consumption with a sustainable natural regeneration life cycle.
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July 10, 2019, 04:36:58 PM
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The idea is very good, what you do is really needed for a decaying modern world, it is very important for us to respect the nature and protection of our world.
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July 13, 2019, 07:02:16 AM
 #14

I am glad to see good progress and development job doing in now here. I joined and see we will have good future so I back this fully , nice work team.

Thank you very much Smiley
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July 13, 2019, 07:25:44 AM
 #15

Hello, this is a really great project to solve global problems, what kind of renewable energy source you want to use for their own purposes

 
STORICHAIN
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❂❂
❂❂
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  ❂❂
❂❂
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  BOUNTY START
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July 13, 2019, 08:05:08 AM
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Hello, this is a really great project to solve global problems, what kind of renewable energy source you want to use for their own purposes

Thank you my friend.
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July 13, 2019, 08:23:39 AM
 #17

Serenity is a next-gen renewable energy retailer on blockchain

Serenity is a next-gen renewable energy retailer on blockchain looking to reduce energy bills, put control back on users’ hands and reduce carbon emission through multifaceted blockchain ecosystem. With a focus on the renewable energy sector, combined with the power of the blockchain the company aims to revolutionize the energy generation, monetization of carbon credits, developing Net-Zero estates and expand globally by affiliate licensing. Using blockchain to encourage and facilitate Eco-friendly initiatives, Serenity will promote sustainable living, renewable energy production, and transactive energy grid retail services, changing the way that people view the challenges associated with a shift toward sustainable, renewable energy and products. The Serenity platform will be connected to national electricity operators, providing the balancing the demand and supply of electricity, responding at the substation level, and making possible a structural transition towards blockchain.
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July 14, 2019, 05:32:44 AM
 #18

Serenity IEO is our next challenge

After meany months of preparations we reached point to address the market and see how it will be reacting.
New technologies and concepts adoption will have a great impact on our project, and further development and implementation for Serenity — energy on the GO!. Please read our whitepaper https://serenitysource.com.au/assets/docs/SERENITY_WHITEPAPER.pdf


We are pleased to announce that Serenity officially started IEO on 13/07/2019.
https://sistemkoin.com/ieo/token/SET

Our Bounty Campaign is still up and running  Smiley
https://bitcointalk.org/index.php?topic=5160764.0

Initial token distribution is reserved for our supporters. SET Airdrop is live, anyone interested can join  Smiley
https://t.me/serenitysourceairdropbot

Our supporters group: https://t.me/SerenityIEO


We will share our experiences here, as we go through this process…

Please drop your comment or suggestion!
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July 15, 2019, 04:00:26 PM
 #19

Who is behind "Serenity - energy on the GO!" project?



Serenity Source Pty Limited is a company that is aiming to redefine the way we deal with energy. With a focus on the renewable energy sector, combined with the power of the blockchain the company aims to revolutionize the energy sector by providing a host of services including energy retail, renewable energy generation, monetization of carbon credits, sale and lease of HEPEK smart devices, residential property sales, affiliate licensing, and Serenity platform transaction fees.

Unlike a traditional energy distribution model, Serenity’s model is to transact energy sales, surplus energy trading, and other ancillary activities over the blockchain. The Serenity platform will be connected to national electricity operators, providing and balancing the demand and supply of electricity, responding at the sub station level, and making possible a structural transition towards blockchain and renewables.


Solar Capacity in Australia

By country, Australia ranks 6th in the world for total solar – photovoltaic (PV) and solar thermal – installed capacity per capita, behind Germany, Italy, Belgium, Greece and Argentina. Australia currently has around 4,500 MW of installed solar capacity. What is significant about Australia’s solar capacity is that it is almost entirely located on Australian rooftops. By 2015 more than one in seven Australian households had installed solar PV. This is a 15% penetration rate across all Australian households. In South Australia and Queensland the household penetration rate is 25% and 24%, respectively. Some suburbs in greater Brisbane and Adelaide have recorded household solar PV penetration rates above 50%.

2017 was a record-breaking year for rooftop solar installation, with almost 1.1 GW of rooftop PV installed in the small-scale market. And with power prices increasing further, it is safe to say the outlook for more solar PV is positive, with many of the fundamentals in place for another very strong year for the solar industry. Australian businesses are finding it difficult to secure affordable long-term contracts for their electricity, making solar and local battery storage increasingly attractive solutions – particularly with the range of finance options that are now available for this. This medium-scale section of the market has been driving a large part of the growth over the last few years. In addition, households in outer suburbs and regional towns will continue to turn towards small-scale renewable energy to help protect them from future price hikes. Solar consultancy SunWiz says that with electricity prices set to remain high, good momentum in the sector and a robust market, the residential and SME market is “primed to continue” at more than 1.2 GW in 2019. Combined with a record construction year for the large-scale part of the market, solar is well positioned to be the new gold-rush out to 2020 and beyond.
 
The sector began 2018 confident that the policy uncertainty caused by the Abbott Government’s review of the Renewable Energy Target (RET) was in the past. And that confidence continued to soar, delivering a record year for projects in large-scale wind and solar, as well as the rooftop solar sector. By the end of 2018, many established solar retailers were reporting that the increased level of activity sometimes made it difficult to find enough qualified electricians to complete all the work that was coming in, and these market conditions helped trigger a steady increase in the number of accredited solar installers.

Having more work than your industry can handle is mostly a good problem to have, but it is one of the challenges that many solar businesses are actively managing due to the record demand. By the end of 2018, the number of installers accredited with the Clean Energy Council had grown to 4,941. This was slightly more than the 4,824 registered at the end of 2012, which was the previous highest year recorded for this sector.

The number of new accredited installers per month increased by 60% in 2018 compared to the year before. If the demand for solar continues throughout 2019 – and many of the factors that drove strong results in 2018 are still in place – the level of opportunity will lead to more electricians completing the necessary training to expand into the solar sector. Increased project activity for large scale wind and solar also resulted in a growing number of jobs in regional areas across the country. It is expected that the unprecedented level of industry activity will create major job opportunities and lead to a substantial boost in numbers during the next few years as the industry builds out the RET.

Bounty Campaign:
https://bitcointalk.org/index.php?topic=5160764.0

ICO bench:
https://icobench.com/ico/serenitysource

Reddit:
https://www.reddit.com/user/serenity_admin

Official Site URL:
https://www.serenitysource.com.au

GitHub:
https://github.com/Serenity-Energy/Utility

Whitepaper:
https://serenitysource.com.au/assets/docs/SERENITY_WHITEPAPER.pdf
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July 16, 2019, 04:47:19 PM
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Serenity ICO has been listed on ICOGlance.com
Visit here: https://icoglance.com/ico/10022-Serenity-Source
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