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TABLE OF CONTENTS
2. Sarf Protocol
1.1. Energy Saving
1.2. Transaction Fees
1.3. Decentralized Network
1.1. Why Stable Tokens?
1.2. Meaning of the letter V
1.3. From Cash to Stable Token
1.4. From Tokens to Cash
4. Sarf Protocol and Stable tokens
5. The Safety Box
6. Sarf Tokens (SRF)
7. Custom Tokens
8. Sarf Exchange
9. How The Exchange Will Work
10. Virtual Wallet (SWallet)
11. Payment Machine for Merchants (POS)
12. Sarf Card
13. Initial Coin Offering
14. Distribution Of Funds
15. Token Supply Distribution
16. Hard Cap and Soft Cap
17. SRF coins held by Sarf LLC
18. Abbreviations and Definitions
The flaws in the current financial infrastructure have led to an increase in the
popularity of alternative transaction/ banking systems. Services built on a
decentralized network offer a faster and less costly means of performing
transactions while providing better security as well.
The Sarf project is designed with the purpose of assisting people from all parts
of the world to convert, send, and receive digital currencies in a fast and secure
manner without the involvement of a central authority.
The Sarf project will have a native cryptocurrency (called SRF), tokens (called
Stable Tokens), a currency exchange, and a credit card. The purpose of the
exchange will be to enable users to exchange SRF and Stable Tokens for FIAT
currencies and vice versa. The credit card will be connected to the Sarf wallet
(called SWallet), and it will enable users to pay for purchases with their digital
The Sarf Project will be built as a fork of Stellar cons...
The decentralization of the network makes it possible to ensure that there is no
authority having control over the whole network by redistributing the ledger to all
the nodes in order to be able to use the network even if a server has problems.
WHY STABLE TOKENS?
Simply to promote and make the use of cryptocurrency as easy as possible.
Nobody likes buying with a super volatile currency since the second according
to it can be worth 10 times its value or simply lose forever its value. These stable
tokens can be used as a cryptocurrency aside, so you can buy and transfer
money with it. In order to understand the importance of these stable tokens,
consider the given example.
John invites Samantha to a super-luxurious restaurant, as John loves only digital
currencies, he takes only his bitcoins with him and never has any cash on him.
When they finished eating, John wants to pay with these bitcoins, but since he
was too busy with Samantha he did no...
MEANING OF THE LETTER V
To promote stable tokens and ease the understanding and difference between
currencies and virtual currencies we offer, the letter V will be added at the end of
every currency that is offered. The currencies that are otherwise used have their
standard representations which makes them distinctive from others, the Sarf
project has further added V at the end of every currency that is used in order to
distinguish it from standard currencies of the world. An illustration of the change
in given below. For example:
FROM CASH TO STABLE TOKEN
To own stable tokens, we offer 3 options:
1. Register on our site then makes a bank deposit to load money into your
account and transfer it to your SWallet.
2. Register on our site then makes a transfer with interact to load money into
your account and transfer it to your SWallet. (For Canadian users only)
3. Exchange SRF for stable tokens with the Sarf Exchange.
FROM TOKENS TO CA...
SARF PROTOCOL AND STABLE TOKENS
The Sarf protocol will support all tokens available on the market. Sarf will initially
offer users four tokens: USDV, CADV, AEDV, and EURV. These tokens are
collectively called Stable Tokens, as they will be backed by matching amounts of
corresponding currencies. The tokens will be integrated into the Sarf wallet. To
avoid theft of Stable Tokens present in the Safety Box (described on the
following page), we will generate tokens in the following quantities:
USDV (US Dollar)
CADV (Canadian Dollar)
AEDV (U.A.E Dirham)
Each time the demand of Stable Tokens exceeds supply, we will generate more
tokens to meet the demand. We will notify users about any new developments.
Additionally, all users will be able to view all transactions with a Block Explorer
that we will provide. Also all the transactions from the...
SARF TOKENS (SRF)
SRF will be the native token of the Sarf network. It will be a non-mineable coin
that is generated and supplied by Sarf
A total of 2 billion (2,000,000,000) SRF will be initially generated by Sarf.
750 million SRF (37.5%) will be sold during the presale and sale of the token.
Sarf will retain 1 billion SRF and sell part of their stake every year to guarantee
innovation and improvement of the project.
100 million SRF will be used for promotional and commercial purposes.
150 million SRF will be given to the Sarf team for their contribution to the project.
In the presale and sale of SRF, token holders will be able to purchase the first
form of SRF coin, the XRF token. Once the SRF coin is launched, token holders
will be able to convert their XRF tokens into SRF coins.
Sarf will enable individuals and companies to create their own token as well.
Using the tools provided by us, users will be able to conveniently create their own
tokens. The f...
The purpose of the Sarf Exchange platform is to enable users to exchange
currencies for Sarf tokens/ custom tokens and vice versa. Users will be able to
exchange SRF, the Stable Tokens (USDV, EURV, AEDV, and CADV), and the tokens
they created. The transaction fee for the Sarf-currency exchange varies between
0.01 – 0.3%, depending on the capacity of the exchange and its utilization.
Sellers will be able to set an exchange price for their currency; however, the
currency will only be exchanged if it is at the most favorable price available on
the platform at that time. Sarf will provide live exchange rates to enables users
to quickly and conveniently make transactions.
HOW THE EXCHANGE WORKS
The currency exchange will work in a P2P manner. To explain the conversion
process, let us consider the following example: John wants to convert USD
10,000 into CAD. Alice wants to convert CAD 12,500 into USD. The Sarf
exchange provides them the exchange rate of 1USD = 1.25 CAD.
1.John sends USDVs to Alice, and Alice send CADVs to John on
the Sarf Exchange. 1 USDV = 1 USD and 1 CADV = 1 CAD.
1 USD = 1.25 CAD
2.Sarf Exchange sends the CADVs from Alice to John.
1 USD = 1.25 CAD
3.Sarf Exchange sends the USDVs from John to Alice.
1 USD = 1.25 CAD