Parent Company Formation
The history of Cento begins with the creation of the Switzerland-based company, Sovereign Mint. It is the parent company of Cento and was created in 1905. Sovereign Mint is a company with vast experience in working with precious metals, and this is one of the factors that prompted the idea to create Cento.
Technology Company Formation
In the summer of 2013, a technology company was created that began to work on ideas that eventually formed the basis of the Cento Smart Currency. Before 2013, we studied available and emerging technologies, built modern financial models, and worked with AI in the financial world.
Cento Behavior Simulation
This study simulates Cento's behavior under the influence of global economic crises, wars, and other key factors that impact financial indicators. The research aims to optimize Cento's systems to minimize price fluctuations by analyzing historical data on metal prices and modeling various scenarios. The goal is to ensure the resilience of Cento by maintaining price stability, even during the most challenging periods in history, despite global disruptions.
Blockchain Technology Development
Over several years we tested various blockchain technologies that Cento could optimally work with. This was done because Cento appears to be a simple system, but internally it is a complex idea that requires the best technologies to function properly. As a result, the choice was made to use the new Substrate blockchain from Parity Company. If superior blockchain systems are developed in the future, we will transfer the Cento system to it.
SmartSafe Technology Development (beta)
The first Cento SmartSafe designs were made in the early summer of 2019. By September 2021, we switched to Beta status. Work on Cento SmartSafe is ongoing and, shortly, we plan to release it as a mobile application.
Development of a Minting System
The refinement of the minting formula and the full development of the minting system was completed in January 2021
Launch of Cento Mobile Application (beta)
In April 2023, we introduced the Cento Mobile Application, bringing the full functionality of the Cento Smart Safe system directly to users' fingertips. Designed for ease of use and seamless integration with Cento's smart currency features, the app allows users to manage their holdings in Cento and Livre, and interact with the Cento ecosystem from anywhere in the world. This launch marks a significant step towards making Cento more accessible and convenient for our community
Early Access Registration
Before formally launching the Cento system we created an Early Access service. Each person who has reached legal age will be able to make an application for early registration. When the Cento system is officially launched, early registrants will have priority to purchase Cento.
The Creation of a Supplier Center, Community and Social Network
The establishment of a Supplier Center, Community, and Social Network prioritizes transparency. These platforms can facilitate communication, exchange ideas, and provide answers to questions.
Public Sale of Livre
In October 2024, we will launch the public sale of Livre. After rigorous development, this marks the first chance for the public to acquire the new digital asset, poised to revolutionize the financial landscape.
First Minting
Cento minting involves multiple processes and the service of many people and companies. These processes need to be perfectly coordinated and professionally accurate. The Cento team plans to conduct the first minting to ensure the system is fully operational.
Selling Cento to the Public
After years of extensive development, this will be a milestone event for Cento and those who purchase this smart currency!
xAI Development (beta)
Our work with AI commenced in the spring of 2019. Since then, our team has gathered extensive data to educate others about the AI model integrated with Cento Smart Currency.
Purchase Metal Supplier System Development (beta)
To simplify work with suppliers, we created a Purchase Metal Supplier System. In it, suppliers can sell metals, enter into contracts, and make shipments of sold metals.
Development of a Cento Vaults System (beta)
To simplify and facilitate the Vault’s staff work with metals, conduct internal audits, have access to databases, etc., we decided to develop a Cento Vault System.
Development of the Audit System (beta)
Cento is based on various systems and processes covering all precious metals connected to supply contracts. To simplify the inspectors' work, we develop a tailor-made Audit System.
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