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Serenity has announced the launch of a beta version of escrow for financial markets.
This is the first system of this kind that is able to store investors’ funds on a smart contract and protect them from all sorts of fraud and risks associated with misuse of funds and unreliability of intermediaries that provide trading services on financial markets.
The release of Serenity escrow took place on 11th of July 2018. Beta version of escrow contains a publicly available smart contract, which stores customer funds. The smart contract code can be found on GitHub. At the start, customers will be able to make deposits in Ethereum. Escrow will be used by Grand Capital broker immediately after the launch of the beta version. The company was the first to support the project and actively promoting it. The funds for the development of Serenity blockchain escrow were collected during round of ICO ended on March 7th, 2018.
According to the founder of the project Stanislav Vaneev: “Escrow, which is being created by the Serenity team, is a universal instrument that can be used for mutual settlements in any sphere of business, which expands the scope of the system and increases its attraction. Now the team is developing proprietary Serenity exchange, the beta version of which is expected this fall. The development of escrow and exchange takes place with full accordance to the roadmap which can be found on Serenity website.
Serenity team has extensive experience and knowledge of foreign exchange industry, owing to what we can anticipate that the system will become the main guarantor of trustworthiness of broker-trader relationship. Serenity developers were guided largely by the needs of Forex traders when creating the escrow. They achieved success – the project was loved by community, it was supported by both traders and an impressive number of prominent brokers and financial institutions, the names of which are published on Serenity website.
Anyone can test the escrow system. In order to do this, you will need to open a Standard trading account with Grand Capital broker, where you can trade classic currencies and single stocks CFDs. At the moment, the Deposit and withdrawal of funds is carried out only in Ethereum. You can open account and deposit funds from the Serenity Member’s Area.
Vasily Alexeev, CTO of the project: “the Beta version is just the first step in the development of the project. This milestone is very important for us, because now we can regularly show the community our progress in development of the system, launching new features and improving the whole system. I want to thank all the members of the community for their patience and belief in the project.”
Follow the progress of the exchange and escrow development on the Serenity Telegram channel and in the Roadmap section on our website. We would also like to remind that SRNT tokens can be used to pay for escrow services and partial payment for services of partner companies.