Cenfura Tokens, also called XCF tokens, are Utility Tokens. Utility tokens can give holders a right to access a platform and perform a “consumptive purpose” for the products/services available on the platform for reservation or purchase. In the case of the Cenfura Platform, XCF tokens are used for access and they also completely replace fiat currency as the medium of exchange and settlement for energy goods and services. Therefore, transactions initiated with an accepted fiat currency or other allowable tokens will be automatically converted into XCF tokens at the equivalent current market value.
Having a utility token unique to Cenfura brings three primary benefits.
(1) First, a proprietary medium of value exchange allows for a more orderly and autonomous transactional economy between platform participants and by extension the surrounding ecosystem. This includes abilities such as using smart contracts to lock in future goods and services, creating ecosystem-specific incentives and rewards, granting rights, and the ability to moderate unbalanced market behaviors, to name a few.
(2) Secondly, it helps create a specific economy around the Cenfura token and platform, enabling Cenfura to work with both government and non-government entities to implement community-based inclusion initiatives, including energy poverty, energy surety, and small business development programs using the XCF token. This is especially important to the otherwise unbankable in societies across the world.
(3) Lastly but maybe most importantly, since buying and holding Cenfura’s tokens represents prepayment of future goods and services, this creates additional working capital enabling Cenfura to grow faster and pursue its vision of accelerating the adoption of clean and locally generated renewable energy across the globe.
The Cenfura Platform and Tokenization
All Cenfura renewable energy assets across the globe use the Cenfura Platform. All of the functions and services within the Cenfura Platform are tokenized and every transaction is settled using XCF tokens.