Minting Process
The minting process follows a strict workflow triggered by a request to mint new Cento from registered customers
- 1 Upon request submission, the platform verifies the customer’s credentials and documents. It will then notify affiliated refineries, brokers, resellers, and producers to procure each of the nine precious metals from which each Cento is made.
- 2 The appropriate amount of each of the nine precious metals will be acquired and safely deposited into the Cento Vault, triggering nine smart contracts (one for each piece of precious metal) between the suppliers/refineries and the Cento Blockchain. During this time, the suppliers prepare the metals and fingerprint them, ensuring each element that goes into a Cento is trackable. affiliated refineries, brokers, resellers, and producers to procure each of the nine precious metals from which each Cento is made.
- 3 Details of the stored assets — such as quantity, serial number, identification marks, etc. — are then forwarded to the Cento network
- 4 XAI verifies all these details and submits an order to mint the appropriate number of new Cento/Noble via smart contracts
- 5 The new Cento are minted and their information is forwarded to the Cento Blockchain
- 6 The Cento information is securely stored on the Blockchain and a confirmation is sent using smart contracts
- 7 The details of these new Cento are shared with the network’s XAI
- 8 The new Cento are then securely deposited in the wallet address provided by the customer
Cento Supply Contracts
Every Cento is divided into 10 billion fractions, each of which is connected to the supply contracts which include information about the metal supplier, the weight of the bar, purity of metal other important information
Resource Name
Resource Weight
Supplier Company Name
Shipping Date
Supplier Signature
Fingerprint Number
Arrival Weight to Vault
Arrival Date to Vault
Keep Cento at Your Fingertips – Download the App Now!
Telegram
Twitter
