Serenity will leverage blockchain ledger systems and smart contract technology to automate the way the world is dealing with energy transactions. Energy as an asset will be tokenized and information about every kWh produced, together with origin and nature will be stored on public blockchain ledger.

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.

Several factors have contributed to this spike in investment:

• the extraordinary cost reductions achieved in renewable energy
• the stability and incentives provided by the 2020 Renewable Energy Target (RET)
• additional support from the Australian Renewable Energy Agency and the Clean Energy Finance Corporation
• various state and territory government initiatives.

Globally, clean energy investment amounted to US $333.5 billion last year. This was 3% higher than 2016 and the second highest annual figure ever – just 7% less than the record figure of US $360.3 billion reported in 2015.

China and the US led the way with investments reaching US $136.2 billion and US $56.9 billion, respectively. Renewable energy investments across Europe fell in the face of uncertain policy support.

Serenity (SET) is a utility token used as a right to:

• Perform work on behalf of the Serenity network
• Acquire access to Serenity services
• Acquire reward and share in Serenity revenues generated

The token value will be backed by real world tangible assets, and the power of the crowd. It will be valued at a multiple of operating cash flows that the system generates rather than a fraction of revenues paid for the services provided.

Steady growth of the membership and the utility nature of the token will keep strong and constant demand, and de-risk, decreasing the discount rate, and ultimately increasing the token value. Contractionary policy, through token redemption and burn will increase the value of the token.

A fixed number 500,000,000 of SET tokens has been issued  at token generation event.