The Seratio ICO has just started after a successful pre sale raising over 1.7 million pounds in initial funding.
What is Seratio?
https://seratio-coins.world
They claim to be the first platform launching a token on the Ethereum blockchain. The founders of the project are a UK registered charity, The Centre for Citizenship, Enterprise and Governance. They were first established in the UK but have grown to have academic networks all across the world.
Having already been established for 6 years, their goal is to deliver crypto currencies with value. They already have a planned list of connected currencies that they plan to grow their market share, including: Women's coin, City coin, Faith coin, Edu coin, Leadership coin.
The most impressive feature of the new Token is its ability to to capture financial assets, microshares and provenance of transactions.
The new token
The new token has already been in development for 6 years. The projects first main area of expertise was the ability to evaluate an organization's impact on their communities and environment.
Due to the rise of blockchain technology their primary goal of being able to record and transact with values has finally become a reality.
The Centre for Citizenship, Enterprise and Governance, a UK not-for-profit charity will be aiming to complete the goal. They started from a University in the UK but have now grown to be a world leader in the movement of value, working their way up to over 60,000 members and partners with offices in New York and Shanghai.
The new token will run on the Ethereum blockchain and captures financial and non-financial transactions at the same time.
The crowdsale is adhering to strict UK legal and regulatory frameworks and has been advised by:
Legal Advisor: The platform has enlisted the help of Eversheds Sutherland, one of the biggest corporate law firms in the world.
ICO Advisors: They also have help from Chandler Guo, a leading cryptocurrency miner and major investor, aswell as Eric Gu, a Blockchain pioneer.
Audit: They've had their platform audited by Sandblocks consulting, experienced in blockchain security.
Regulatory advisor: They've used the consultancy firm COINsult to confirm their virtual currency and blockchain technology compliance.
How does it work?
The new token allows the additional feature of a future functionality, the capture and spend of non-financial value. This will allow the new platform to create an economy that can circulate financial value, non-financial value or a combination of both.
It does this by:
Non-financial preference: The platforms new wallet will allow users to choose their NFP settings. The non-financial and the intagible value of a person or organization can be connected to the seller, buyer and can be recorded on the new Seratio platform. The new platform will be ready for launch on the 31st of July 2018.
The platform will gather data from its token holders.Micro share transactions: The CCEG charity has produced a non- financial token, the microshare. This token will represent the transaction of value that is earned through charitable volunteering, such as being a care giver or shopping from a 'good' retailer. The new platform will be a ledger for traditional monetary value and micro shares.
Seratio SDG family brand: CCEG believe that in the future all transactions will recognize the financial and non-financial types of value and hope to build a better world where their tokens are used for all different types of communities.
Key team members
Barbara Mellish, CEO: Senior banker with 30 years of experience in risk management working for Barclays. She joined not-for-profit banking as Director of Payments Integrity and Security at the payments council for the UK's banking infrastructure, which is responsible for 380 billion pounds per day.
Professor Olinga Ta'eed, Chairman: He retired from the private sector in 2008. He became an academic during retirement as Professor in Social Enterprise at the University of Northampton, Visiting Professor in Capacity Development at Birmingham University. Also the editor of Social Value and Intangibles Review.
Seratio ICO Details
Token price: 20 pence (gbp)
ICO tokens: 25 million tokens
Total supply: 100 million
ICO dates: Ends 31st of October.
Conclusion
They have a strong team with a project that's already been underway for 6 years. Their plans do seem ambitious but we'll see if they can pull it off.
Website: https://seratio-coins.world
Whitepaper: https://www.seratio-coins.world/Assets/other/Seratio%20Token%202017-30%20Whitepaper%206%200%20(14%20September%202017)%20v%206-20.pdf
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1153986