ICO review of SERENITY (SRNT): valuation, analysis, token cost | Digital Rating Agency
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This project doesn't have a level of investment attractiveness
No
Rating
High
Quality Rate
5.2 / 7.0
project concept
5.3
tokens
5.7
business model
5.7
project support
5.0
the tech
4.8
communication
4.5
team
6.0
jurisprudence
4.3
Pre ICO
finished
Start: 01/11/2017
End: 30/11/2017
ICO
finished
Start: 25/01/2018
End: 07/03/2018

SERENITY

About
Team
Sale details
Tokens

The first blockchain-secured Forex marketplace.

Stanislav Vaneev
Founder
Anton Vasin
Co-Founder
Denis Kulagin
CEO

The sale of SERENITY tokens will be conducted in several stages. Each stage will have its own discounts and a specified amount of tokens for sale. In total 400,000,000 tokens will be minted with a nominal value of 0.0001 ETH.

  1. The Pre-ICO stage will have 50% discount for SERENITY tokens. After this stage there will be a pause to set the marketing plan for the project at the stage of ICO proper. All participants who applied for participation in Pre-ICO before its start, have the priority right to buy tokens at the beginning of the sales. If the minimum target amount of funds will not be raised at the ICO stage, the pre-ICO participants are exempt from the refunds.

  2. At the ICO stage the discount will be provided regardless of whether the minimum fundraising targets were achieved:

01/25/18 - 01/31/18 – 40% – 0,00006 ETH;

02/01/18 - 02/07/18 – 35% – 0,000065 ETH;

02/08/18 - 02/14/18 – 30% – 0,00007 ETH;

02/15/18 - 02/21/18 – 25% – 0,000075 ETH;

02/22/18 - 02/28/18 – 20% – 0,00008 ETH;

03/01/18 - 03/07/18 – 10% – 0,00009 ETH.

  1. All unsold tokens will be destroyed.

  2. After the end of ICO tokens will be freely traded on exchanges.

Token allocation:

Token holders – 85%; Team – 12%; Bounty program – 3%.

Rate history

The DigRate has assigned Quality Rate High to Serenity project. The Serenity Financial platform is a marketplace for traders and brokers, implemented on a blockchain. Using the platform, cryptocurrency traders get the opportunity to invest in classical assets, keep a deposit and make profits in cryptocurrencies. The project founders say the use of their platform will significantly reduce: ⎼ commission fees for transactions, ⎼ fraud risk on the Forex market, ⎼ complexity of exchanges and other transactions. The project team has identified real problems in the modern foreign exchange market and presented a clear business model. The project developers have published the smart contract code for the ICO on GitHub, but an independent audit of the smart contract has not yet been conducted. The Verify My Trade system and the SERENITY crypto exchange are available as product prototypes, and can be tested on the project’s website. The project has a limited issuance of SERENITY tokens. The Howey Test has not been conducted. Tokens used to pay for the company's services will be withdrawn from circulation and destroyed. There are no tools (for example, the use of escrow) that would guarantee the return of investments, if the stated usage of funds is not followed. The whitepaper lists the project’s main legal documents: SAFT, Terms & Conditions, and Privacy Policy. Information about the legal structure of the company is absent. The team members are competent in their fields, the project founders have previously implemented a successful business in financial markets, and the project is supported by well-known consultants. Information on project support from VC investors has not been revealed in public sources. At the time of drafting this review, the level of the marketing activity (with the exception of Facebook and Bitcoin Forum) was below average. Despite the above-mentioned shortcomings, DigRate experts assume that the intentions of the project team are serious, and their abilities are sufficient to achieve the stated goals. Pros and cons of the project, can be found in our review.
Token
SERENITY
Price
1 SRNT = 1 SRNT = 0.0001 ETH
Soft cap
2,000,000 USD
Hard cap
19,000,000 USD
Bonuses at Pre-Sale
50%
Bounty campaign
yes
Platform
Ethereum
Token type
ERC20
Accepted
BTC, ETH, USD, EUR
Country
Estonia

Downloads and links

Website
Review
Whitepaper
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com