SARF

UPIK05

INTRODUCTION

SARF is a unique and secure token of exchange for global e-commerce that believes that crypto-currencies have the potential to change the world. They can change the entire distribution of wealth, and give the unbanked people access to the same type of financial services that everybody else has. We are building products to enable people to do things that today are just not possible. Regarding Blockchain as a breakthrough technology highlighting potential digital currency developments, have all been keened to improve technology.

SARF extends the current Blockchain capabilities today to adapt the technology for enterprise use and an everyday use and an everyday use. The SARF project was developed to help people from all over the world quickly and securely switch, send and receive digital currencies without involving central office. Shortcomings in the current financial infrastructure have led to an increasing popularity of alternative transaction and banking systems. Devices that rely on a distributed network offer faster, more cost-effective transactions with greater security.

SARF PROTOCOL

The Sarf Project will be built as a fork of Stellar consensus protocol (SCP).Stellar is an open-source technology for processing financial transactions. The distributed ledger of Sarf will record each transaction, and each server in the Sarf network will have a copy of the global ledger.The Sarf system will process transactions by consensus, a system in which servers on the network verify each transaction. With a transfer speed of less than 3 seconds, Sarf will have the capacity to process 2000 transactions per second.

ENERGY SAVING

The Sarf token will be a non-mineable token. The non-mineable nature of the cryptocurrency will enable greater energy savings, as mining cryptocurrencies requires a considerable amount of computing power.

TRANSACTION FEES

Each transaction will have a fixed transfer fee of 0.0001 SRF. On the 24th of each month, the fee pool will redistribute all SRFs collected from transactions and custom token creation. SRF will be redistributed to token holders according to the percentage that each person hold. For example, if John owns 0.0003% (6000 SRF) of the available SRF and the fee pool picked up 10 million SRF last month, John will receive 0.0003% of the 10 million: 10,000,000 million x 0.0003% = 30 SRF.

DECENTRALIZED NETWORK

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 not realize that the bitcoin court was in freefall and that the bitcoins he had and worth $ 10,000 is worth only $ 10. John finds himself in a difficult situation,without enough money and realizes that his savings have just plummeted. While if John uses the stable tokens offered by Sarf he would not need to monitor Sarf’s court or any other view he would use the same currency that the country uses, of course if the currency is supported by Sarf.

VIRTUAL SARF WALLET (SWALLET)

The SWallet is a digital wallet in which you can store all your tokens based on the Sarf network. Each SWallet has a secret key and public key. While the secret key should never be shared with anyone, the public key is the address that you should give when you want to receive funds. It is important to note that if you lose your secret key, you will not be able to recover it.

The SWallet app will be available on iOS, Android, Windows, Mac and Linux systems.The SWallet can also be linked to your Sarf card wallet address so that you can see your credit card balance directly from your SWallet.SWallet will initially be released on December 2018 and will support the XRF tokens. It will later be updated to support SRF, Stable Tokens and all other tokens that are compatible with the Sarf network.

PAYMENT MACHINE FOR MERCHANTS (POS)

Sarf will enable users to make direct payments for goods purchased at their favorites stores by simply using their S Wallet. For this purpose, Sarf will offer the option to provide merchants with NFC-enabled payment machines that will accept payments made with the SWallet.

After creating their Sarf account, merchants will be able to order the payment machine from the Sarf website. Each machine will already have SWallet integration, so, to use the machine, all the merchant will have to do is to start it.Also a special app will be designed for small business to let them accept payments of Sarf coins and Stable tokens throught an IOS or an Android device.

SARF CARD

In order to make cryptocurrency Sarf usable everywhere even in places where crypto-currencies are not accepted, we will offer a reloadable prepaid credit card to all the user using our web wallet who are admissible to have one,a link to the SWallet will also be offered. To charge or recharge a card, you have to own the stable token of the same currency than your card and send it to the wallet linked to the prepaid credit card. To avoid any kind of fraud or people who may have malicious intentions with the credit card Sarf, no virtual credit card will be

offered.

The prepaid credit card will initially be available to users based in Canada and The U.S. The cost of obtaining a credit card will be $10 USD. For international use, the sarf credit card will use Sarf Exchange currency rates however if the currency is not available on the Sarf exchange, the exchange rates of a partner bank will be used.

CUSTOMER SERVICES FOR OUR CARD USERS

Customer service is an important added value that Sarf wants to provide to its users. At Sarf, we take pride in meeting the needs of our customers. Regardless of their location or time zone, we offer 24-hour customer support, and we are ready to go the extra mile just to put a smile on their face.