Founded on August 27th, 2020 in London, UK, 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. 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.
