Thank you to everyone who joined AMA Blockelite x Cenfura on 8th June at 03:00 PM UTC I 10:00 PM (UTC+7). Here is the recap for those who missed this AMA.
Yuno – Blockelite Host: Hello fellow Eliters and welcome to another Blockelite AMA Series
So ladies and gents, Our special guest today is PASI NIEMINEN – Chairman & Founder of Cenfura
Hello @tasi8888, welcome to Blockelite today
PASI NIEMINEN – Chairman & Founder of Cenfura: Hello Everyone here!
Yuno – Blockelite Host: Nice too meet you!
How are you today ? 🙂
PASI NIEMINEN – Chairman & Founder of Cenfura: Excellent, missing Pho 🙂
Yuno – Blockelite Host: Phở ?
PASI NIEMINEN – Chairman & Founder of Cenfura: yes 🙂
Yuno – Blockelite Host: Wow, Have you traveled to Vietnam ?
PASI NIEMINEN – Chairman & Founder of Cenfura: one of my company used to have business in Hanoi and HCMC 10 years ago
Best food in the world
Yuno – Blockelite Host: nice 🙂
On to the Segment 1 of our AMA, we hope you’re ready for the next few questions coming at you!
PASI NIEMINEN – Chairman & Founder of Cenfura: let’s go!!
Yuno – Blockelite Host: Our guest is ready, we will enter Segment 1 right now !!!
Q1: Can you briefly introduce yourself as well as about Cenfura?
PASI NIEMINEN – Chairman & Founder of Cenfura: Absolutely, keeping it short and sweet
I have been working on software since 1995, last many years in cyber security, blockchain and energy related. Got involved in blockchain sometime 2013 when lived in Beijing, when met BTC team there in legendary Garage Cafe, unfortunately did not buy any … but followed the stuff closely ever since.
Cenfura and XCF project was already started over 3 years ago when we started to think how to tokenize real world energy assets, started to build team, started to build the platform, energy asset project pipeline, and finally went alive end of 2020. Cenfura, www.cenfura.com (http://www.cenfura.com/) , will build finances and operates renewable energy assets globally, all assets will use our XCF token, www.xcf-token.io (http://www.xcf-token.io/) , each asset will normally make contract for 10-20 years and will use tokens whole time. Now, 3 years later, we have super experienced (and hungry) team on FinTech, Software + energy development.
Yuno – Blockelite Host: oh, you didn’t buy BTC
you missed a great opportunity
PASI NIEMINEN – Chairman & Founder of Cenfura: I learnt a lot !!!
Yuno – Blockelite Host: Thank you, for your introduction, our pleasure to have you join us today
Q2: Many energy companies still choose to develop a traditional central database, why does Cenfura decide to build on Blockchain? What are the characteristics and advantages of Cenfura compared with them?
PASI NIEMINEN – Chairman & Founder of Cenfura: blockchain is a key thing for transparency and making solid platform for turly international trading, thing that lasts. solid tech, makes sense. Nothing wrong on centralized db but this is just better.
i have been working my whole life with DBs, but this just works
btw, seeking new people to team. i know you have great ppl in Vietnam, feel free to ask Jussi about it. Smart contracts needed!
Yuno – Blockelite Host: thanks, next question
Q3: Who are your targeted audience and customers? What regions do you target specifically or are there any restriction to users? And what is the market strategies to attract users to join your project?
PASI NIEMINEN – Chairman & Founder of Cenfura: We seek people in local communities and want to be present, in both , token and green energy. energy side we bring energy to communities, making sure green energy will be avaialable everywhere. \
Yuno – Blockelite Host: haha, green energy
PASI NIEMINEN – Chairman & Founder of Cenfura: hey it is truly green 🙂
but you cannot see it!
Yuno – Blockelite Host: Continue with Q4
Q4: Can you explain how Cenfura works? What are the use cases of the XCF token in Cenfura ecosystem?
PASI NIEMINEN – Chairman & Founder of Cenfura: okay, cool
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 as XCF for fast settlement and easy billing. The platform uses smart contracts and AI combined with local customisations 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.
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.
Each asset added into tokenisation will create additional demand for tokens, depending on contract for next 10-20 years, in average.
See more from http://www.xcf-token.io/
key thing is that token is driven by real assets, with real contracts, for 10-20 years
Yuno – Blockelite Host: Where can we buy/sell XCF now ?
PASI NIEMINEN – Chairman & Founder of Cenfura: yes, right now in liquid.com
soon many more
liquid.com is most regulated crypto exchange, we wanted to get started there
Yuno – Blockelite Host: Last question in segment 1
Q5: What milestones have Cenfura achieved and what is the next roadmap for 2021?
PASI NIEMINEN – Chairman & Founder of Cenfura: this year a bit difficult
key things, we got platform ready and many energy projects
now we focus to bring more projects and demand for the token
soon totally new things on platform
Yuno – Blockelite Host: More projects ?
PASI NIEMINEN – Chairman & Founder of Cenfura: many many more energy projects, check our news ! Link
right now we are focus only africa as Asia and South America are sort of closed
soon after covid we are back in Asia
Yuno – Blockelite Host: Thanks, got it
Are you ready for Segment 2 (5 best questions from twitter)?
PASI NIEMINEN – Chairman & Founder of Cenfura: yes, please!
Yuno – Blockelite Host: Our guest is ready, we will start Segment 2 right now !!!
Q1: Can you share us Tokenomics and how much token is reserved for team and how much for public? What is your plan to increase the demand and scarcity of the token? Will you burn them or have buy-back plan?
PASI NIEMINEN – Chairman & Founder of Cenfura: right now 1.5B tokens totally and 450M circulation. we are about to tell more details on next steps soon, you will like it
1.5B is max
Yuno – Blockelite Host: Next question
Q2: Recently we’ve looked at a lot of projects that made great startups but suddenly abandoned because they weren’t getting enough revenue. How can we be sure that you will not leave even when your initial income is low?
PASI NIEMINEN – Chairman & Founder of Cenfura: what we want to do is this. we have platform, now. now focus is to create energy assets that use the platform, each asset will use token minimum 10 years.
there is real use case
have a look
Yuno – Blockelite Host: 10 years, wow long term
thanks for sharing
PASI NIEMINEN – Chairman & Founder of Cenfura: all contracts are minimum 10 years, many 20
Yuno – Blockelite Host: Sounds great
Q3: Famine is something serious that has increased in the last year given the global crisis experienced by covid – 19, they state that each transaction helps feed needy children. Is there a page or social network that shows this? And how can we contribute our bit as a community?
PASI NIEMINEN – Chairman & Founder of Cenfura: we feel that energy means clean water and great agriculture, in addition it means eduction and employment opportunities. This is what we focus. In addition we have humanitarian projects where we now try to make a difference in project bases, that is based on transactions as well.
We really want to build local presence and help communities and make a difference
Yuno – Blockelite Host: Thanks for support 🙂
Let’s go Q4
Q4: How do you feel about the Vietnamese market and Viet Nam user? Is this a suitable market for CenfuraEnergy development? Do you have plans to develop Viet Nam community after this AMA?
PASI NIEMINEN – Chairman & Founder of Cenfura: Vietnam is very interesting market, both in energy and token side. P
Vietnam is huge growth in energy side, lots of industries relocating to vietnam from China and Thailand. Solid need
but also very agile on token side, new fintech, and super cleaver people on that side.
we absolutelty want to be in Vietnam, as Covid lets us to create presence
Yuno – Blockelite Host: yeah, and I think they want to have Cenfura Vietnam community 🙂
Ok, last question of this segment, everyone please prepare good questions for segment 3.
Q5: The liquidity of a project is what investors are interested in. How will you solve the liquidity problem of CenfuraEnergy ? Do you have plans to list on major exchanges like Binance or Houbi?
PASI NIEMINEN – Chairman & Founder of Cenfura: Ha! Yes, we have good news soon. Liquid.com is solid start on regulatory side, follow us 🙂
in brief, absolutely
Yuno – Blockelite Host: You are awesome, thanks for answer all 5 best questions from twitter of my community.
Last Segment for AMA today, The guests will select 5 best questions from the community.
Mass adoption is necessary and how do you plan to educate and spread awareness about your project where English is not spoken ?
PASI NIEMINEN – Chairman & Founder of Cenfura: yes, we are recruiting local people always. We really want to be local. We want to build always awareness locally
I’m a developer, and I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty to check for vulnerabilities?
PASI NIEMINEN – Chairman & Founder of Cenfura: Not yest , but soon we do.
Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project ?
PASI NIEMINEN – Chairman & Founder of Cenfura: True, but we have the separated funding for the energy projects that we control that will use the token. Not an issue here.
Adoption is one of the important factor that all sustainable blockchain projects should focus to be more attractive in the investors’s eyes. What did CENFURA do and plans to do to achieve real world adoption?
PASI NIEMINEN – Chairman & Founder of Cenfura: We create real assets and additional revenue streams for energy trading, all on token.
While you build your project, do you take into account community feedbacks and demands?
PASI NIEMINEN – Chairman & Founder of Cenfura: 100% that is why we want to have also physical f2f community also in Vietnam, cannot wait to visit!
Yuno – Blockelite Host: Thank you for joining today AMA! It was awesome
Our AMA session is now over !!!
PASI NIEMINEN – Chairman & Founder of Cenfura: excellent still one minut to go!!!
many thanks everyone