Cenfura Platform

All Cenfura’s global assets use the Cenfura Platform

All of the functions and services within the Cenfura Platform are tokenized and transactions are settled using XCF tokens.
Currently, most forms of payment are slow and prone to failure. Transaction settlement takes a long time and can be quite expensive. Once energy is produced by an asset on Cenfura’s platform, it's efficiently routed to storage or end users and recorded to the blockchain for fast settlement and easy billing. The platform uses smart contracts and AI combined with local customizations to deliver a plug-and-play Fintech solution to any energy grid.

Cenfura then converts the billed amount to XCF tokens at the current rate. These tokens are deposited into the asset owner’s account seamlessly. The token recipient can then use the tokens for other internal services or take them to an exchange to redeem for local currency.

Our approach is simple and can be applied to a wide array of services using the XCF token. This allows Cenfura to overlay its technology onto many types of new or existing projects that want to access digital payments for security and efficiency. Cenfura provides the bridge to the Digital Economy!

Cenfura energy assets can consist of different elements

For example, there may be a number of buildings consuming energy, multiple installations producing energy, different energy storage facilities such as batteries or hydrogen, and so on. There might be a large-scale solar or wind farm installation, or a self-sufficient microgrid in a housing community.
In more detail, the Cenfura tokenization process can be described in the following steps:

Each of these assets has a business model residing in Cenfura Platform’s tokenization system, including which part of the different elements are tokenized and at what prices and what pricing signals.

As a simple example, the system may tokenize a solar farm’s output to local utility company, at perhaps 10 cents per kWh generated.

The tokenization system reads the asset’s energy output and based on one or more energy contracts, will automatically calculate the output’s value in the local fiat currency.

The tokenization system then automatically buys the required number of XCF tokens that match the equivalent value in fiat currency for the energy output. These tokens are purchased at their current market price.

The acquired XCF tokens are credited to the asset owner’s account.
Account owners may hold the XCF tokens, they may sell them, they may export them to an address residing outside the private exchange, and/or they may trade them using an outside private exchange.

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.