Cenfura.io and Tokenization
In addition to the public exchanges where the XCF token can be bought, sold, and traded, the Cenfura platform incorporates a built-in special purpose internal exchange. It can be found at https://cenfura.io/.
This internal exchange has an integral role within the Cenfura Platform and is used to perform specific functions as part of the tokenization process, including an automated market interface which buys tokens in a deterministic manner. All Cenfura energy assets use this exchange to automatically buy any needed tokens, a key component in streamlining financial transactions within the Cenfura ecosystem.
The Role of XCF
The role of the XCF token is to facilitate a fast, reliable, and transparent payment settlement for all Cenfura transactions. On the Cenfura Platform, all contracts for energy transactions are priced using fiat currencies and then converted into XCF tokens using current market rates.
Onboarding Energy Assets for Tokenization
The first Cenfura energy asset was onboarded in September 2020. Every time an asset is onboarded a calculated number of XCF tokens are locked-up for five years. This assures the Cenfura Platform has access for sufficient tokens to orderly increase token flow in the future.
The number of XCF tokens that are to be locked-up for each new onboarded asset will be calculated based on the estimated annual value (using fiat currency) of the asset’s energy production during its first year.
Third-Party Participation in the Cenfura Platform
The Cenfura Platform is available for integration with third-party owned assets, products, and services of all types. This includes the adoption of the XCF token for use by others in smart contracts, inter-application transactions, and payment settlement, which will expand the Cenfura ecosystem.