Sarf: A Cryptocurrency For An Everyday Use

clauming (7)in #exchange • 8 years ago

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving to the topic, failures in the current financial infrastructure have led to an increase in the popularity of alternative banking / transaction systems. Services built on a decentralized network offer a faster and less expensive means of conducting transactions while providing better security as well.

For this reasons, I want to introduce you Sarf (XRF), a project designed with the purpose of helping people from all over the world to convert, send and receive digital currency quickly and safely. in the most appropriate manner without the participation of a central authority.

Video Presentation

Definition

As I said, Sarf (https://sarf.io/) is a unique and safe exchange sample for global electronic commerce that believes that crypto-currencies have the potential to change the world. The idea is to be able to change the entire distribution of wealth and give access to unbanked people to the same type of financial services as everyone else. To do this, they are building products that allow people to do things that are not possible today. SARF expands Blockchain's current capabilities to adapt technology for business use and daily use and daily use.

Goals
The main objective of Sarf is to help people from all over the world to convert, send and receive digital currencies in a fast and safe way without the participation of a central authority. The SARF project was developed to allow people to send and receive digital currency quickly and safely without the need to involve the central office.

Features

Feature	Description	Image
SARF Exchange	The purpose of the Exchange SARF platform is to allow users to exchange coins for SARF tokens and personalized tokens and vice versa. Users can exchange SRFs, stable tokens and tokens that they have created with a low commission per SARF currency transaction depending on the ability to change and their use.
SWallet	Designed to store the tokens built on the Sarf Network. The SWallet will also allow a link between the stable Sarf tokens and the Sarf credit card, allowing users to finance their prepaid card to use it anywhere credit cards are accepted.
SARF Card	To use the SARF Crypto-currency card, as long as crypto-currencies are not accepted, a prepaid credit card is offered which can also be linked to SWallet.

Advantages

Image	Benefit	Description
	Protect your money	The Blockchain technology provides a secure environment for the storage and transfer of funds.
	Fast transaction speed	The transactions in the Sarf Network are almost instantaneous, instead of taking hours or days to arrive in the traditional electronic transfers.
	Accept stable tokens	Stable tokens are designed to maintain their value in relation to the real currency, and constitute an excellent reserve of value with very little fluctuation.
	Decentralized Network	There is not a single point of attack or failure, with a decentralized and distributed computer system, which offers redundancy and security.

Bounty program

The project gives the opportunity to earn Sarf Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=4709743.0), where you can access the link in order to see what are the conditions to become an early XRF contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://sarf.io/assets/files/white-paper.pdf) or their ANN Thread here (https://bitcointalk.org/index.php?topic=4700950). You can also stay tuned in their official Telegram Channel (https://t.me/SarfProject). I hope you liked the post and soon I'll send you new ones.

Tokenomics
The Sarf project will have a native cryptocurrency, called SRF, tokens called Stable Tokens, a currency exchange and a credit card. The Stable Tokens can be used as crypto-currency so you can buy and transfer money with them. The purpose of the exchange will be to allow 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 will allow users to pay for their purchases with their digital currencies.

Token details

Token: XRF
Platform: Ethereum
Type: ERC20
Pre-ICO Price: 1 XRF = 0.01 USD
Price in ICO: 1 XRF = 0.015 USD
Tokens for sale: 750,000,000

Roadmap

Date	Events
August 2018	Pre-ICO & ICO
December 2018	XRF Wallet Launch
Q3 2019	Testnet launching
Q4 2019	Sarf cryptocurrency and exchange launching.
Q1 2020	Launching of the credit card offered by Sarf and the merchant payment machine