A Message from our CEO: Project Updates and Future Plans
Dear Community,
I hope this message finds you well. It is with enthusiasm that I share important updates regarding our project, shedding light on our progress and outlining our plan of action. Your continued support and understanding have been invaluable, and I am committed to keeping you informed about our advancements and strategic direction.
StrongBox Version 2.0 Going Live
As you may be aware, we were set to make StrongBox version 2.0 live at the beginning of July. However, one of the Layer 1 components in our solution underwent a product upgrade, resulting in certain instability in StrongBox functioning as it should. Naturally, our developers have worked tirelessly to address these issues and fully stabilize the product. This delay was external and unexpected, but I assure you that StrongBox 2.0 will go live very soon. We understand the anticipation of this release and we remain committed to delivering a product that meets our high performance and reliability standards.
Decentralized Messenger
Earlier this year, we announced the launch of our Decentralized Messenger platform. We are delighted to inform you that it is on track to go live around the same time as StrongBox 2.0. This innovative product will offer secure, private communication, leveraging decentralized technology to protect your messages.
Once both StrongBox 2.0 and the Decentralized Messenger are live, we have a robust Go-To-Market (GTM) strategy in place, with specific strategies for different markets, addressing B2C (Business to Customer), B2B (Business to Business), and B2G (Business to Government) verticals.
SERSH Vesting/Token Release
We are also pleased to provide an update on the SERSH token release. The vesting unlocks for initial IDO users, and the KOL round will be completed by August 2024, which should bring greater price stability.
Tier 1 Listing
The recent market instability has influenced our decision regarding a Tier 1 listing. However, we have a comprehensive plan in place to address this. To strengthen our position, we have launched major market initiatives in India, Pakistan, and other South Asian markets. These efforts aim to expand our community and user base, positioning us for a strong Tier 1 listing when market conditions for altcoins improve.
In the meantime, we are exploring all possible opportunities for in-country exchange listings with substantial user communities. These listings will provide liquidity and accessibility for our users, further strengthening our ecosystem.
DePIN Infrastructure (Data Centers)
The first implementation phase in Muscat, Oman, is progressing as planned. This marks a significant step in establishing a robust decentralized infrastructure. We are also excited to announce that we will be setting up two additional locations in Chennai, India, and Amsterdam, Netherlands, before the end of the year. We aim to enhance decentralized storage through node farming by deploying our own nodes in each of these locations.
Company Rebrand
As our project has grown significantly, evolving into a DePIN project with unique positioning and an expanding ecosystem of products and features, we have decided that now is the right time to make front-facing changes and undertake a major rebranding exercise. Crucially, this rebrand will involve new names for our products, services, and the company, giving a fresh impetus to our overall ecosystem. The rebranding process is an exciting opportunity to reflect on our journey and align our identity with our vision for the future.
Technology Partnerships and Use Case Partners
In addition to the above updates, we are diligently working on forming new technology partnerships and identifying use case partners. These collaborations will enhance our capabilities, expand our reach, and provide new growth opportunities. We will announce these partnerships at the right time once all details are finalized and ready to be shared.
Before closing, I want to share a few heartfelt words. We initiated our journey by building through a challenging bear market cycle and remain focused on continuing this dedication to progress and innovation. Good things take time; great things take a bit longer. We are determined and focused on positioning our company as one of the key players in the DePIN sector, a market poised to be worth billions of dollars. We will stick to our plans and keep delivering.
This message is an honest and sincere effort to keep our community informed about the project’s progress. Together, we are building a bright future for Serenity Shield, for our community, and for all associated with our vision.
Let this be a turning point to amplify trust, confidence, good actions, and great results.
Warm regards,
V. Naga
CEO, Serenity Shield
