Serenity price is $0.00000000
As of the last update, the price of Serenity (SEREN) is $ 0.00000000, with a +0.00% change in the last 24 hours.
Serenity is a decentralized finance (DeFi) project designed as a talent agency for independent artists. It supports creators by producing and selling custom art as Non-Fungible Tokens (NFTs) and through specialized crypto-centric events. Serenity operates through a Limited Liability Company (LLC) structure, which denotes a formal business entity, ensuring the professional management of art projects and sales.
The team behind Serenity envisions creating a sustainable ecosystem that benefits both independent artists and token holders. By leveraging the power of blockchain technology and NFTs, Serenity aims to provide exposure and monetary gains for artists while also rewarding its community of supporters through buybacks and token burns.
Serenity functions by partnering with selected artists to produce unique, custom art pieces. Once the artwork is created, it is minted as an NFT, making it a verified and authentic collectible on the blockchain. These NFTs are then sold, and the profits are distributed: Artists receive a fair share of the revenue for their creations, and the Serenity token holding community benefits from a 30% buyback and burn of all NFT sales, which can impact the token's scarcity and potentially its value.
The buyback and burn mechanism is an economic strategy where a portion of the NFT sales, specifically 30% in Serenity's case, is used to purchase SEREN tokens from the market. These tokens are then "burned," meaning they are permanently removed from circulation. This process can decrease the total supply of SEREN tokens, potentially leading to an increase in the value of remaining tokens due to enhanced scarcity.
Within the Serenity ecosystem, NFTs play a pivotal role by being the digital representation of the artists' work on the blockchain. Not only do NFTs help in protecting the intellectual property rights of artists by certifying the authenticity and ownership of their artwork, but they also serve as the main product that generates revenue for the project, artists, and tokens holders through sales.
When examining Serenity, it's important to consider metrics such as:
Market Capitalization: Reflecting the project's overall valuation in the market ($ ).
Trading Volume: The total trade volume over the last 24 hours can provide insights into the current level of activity and liquidity (2.8).
Circulating Supply: The number of SEREN tokens currently available to the public ().
Total Supply: The maximum number of SEREN tokens that can ever exist (100000.0T).
Serenity (SEREN) can be purchased on various cryptocurrency exchanges. Check the latest available platforms on the project's website or directly on the exchanges listed in the YoBit section.
Investors can support and participate in the Serenity ecosystem by purchasing SEREN tokens and engaging with the project on social platforms. By holding SEREN tokens, investors become part of the community that benefits from the buyback and burn mechanism, and they can help in promoting the works of artists associated with Serenity.
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