Centrality (CENNZ)

Centrality

Type	ETH Token
Total supply	CMC: 1,200,000,000 CENNZ
Website	https://www.centrality.ai/

 Basics

• Founded in:
• Mainnet release:

• Auckland based.
• From Messari (10-4-2020):

"Centrality is a venture studio to create a marketplace of decentralized applications"

Token

Launch

• Had a pre-sale (10-2017) and a public sale (1-2018).

Token allocation

• According to their FAQ (10-4-2020):

"Only 70% of the tokens were sold. The other 25% of tokens are used to buy the intellectual property in the Platform from Centrality Investments, with 5% set aside in a reserve for Centrality Platform."

Allocation for the team:

"The existing founders, investors and developers who have been working on Centrality and have invested personally, will receive 25% of the tokens to align founders and investors to ensure successful execution of the whitepaper. An additional 5% of the token supply is retained by the platform to fund initial operations. The founder and developer tokens are subject to a lockdown period of 24 months – during this time the tokens will not be able to be traded. The team does not directly receive the ETH raised from the token sale, this is managed by an independent board to manage the platform investment in the best interests of the token holders. An independent director has been appointed to the Board of Centrality Platform Limited at the conclusion of the main sale.

The number of CENNZ tokens is limited to those issued in the main sale. Tokens used in the platform will be ‘burnt’ and replaced on a 1-for-1 basis."

Utility

• From Messari (10-4-2020):

"The native CENNZ token is used for staking on the network to maintain security and allows users to receive CENTRAPAY tokens which can be used for gas in the network. CENNZ are also required to perform a number of tasks such as reserving name space if developers want a domain inside of the network, creating a token or upvoting dApps to be a 'core dApp""

Token Details

• Has CENNZ and CENTRAPAY

• From their website (10-4-2020):

"CentraPay is a spending (aka GAS) token and will be used to pay transaction fees on the network. It’s designed to be stable and predictable for users and businesses who operate on CENNZnet."

Reserve tokens

• From their website (10-4-2020):

"Reserve tokens have special access to the network and APIs to allow them to perform their special function in a much more tightly coupled way, like Storage for SYLO. Anyone can propose a new reserve token function and economy and the validators can decide to include this in the networks reserve token pool."

Technology

• Whitepaper can be read here (10-4-2020).
• Code can be viewed [insert here]. According to their FAQ (10-4-2020); their Smart Contracts 'will' be made public.
• Built on: ERC20 on Ethereum.
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From Messari (10-4-2020):

"Centrality is a venture studio that connects businesses to help them acquire users, services, content and merchants allowing them to scale faster and giving their users a more seamless experience. Startups gain access to Centrality's component library which allows a full suite of tools from the Centrality Platform toolkit, including Login with Blockchain, Hybrid Wallet, Blockchain Everywhere, API / SDK, Common Microservices, Big Data Platform, Smart Contract Generator and Token Factory.

The Centrality Platform helps blockchain developers incubate their dApp on a consortium blockchain where constraints of performance and cost don't exist, while providing a market place for different apps to share in the user, data, merchant and content pool across the platform, enabling. It also enables dApps to be ready for an eventual ICO by providing advisory investment banking support services and post-ICO services like exchange listing, ongoing reporting and performance monitoring.

The Centrality Platform is built on an Ethereum based consortium chain to reduce latency and congestion and avoid network fees when creating transactions. This base layer provides the basic infrastructure to build applications on top. It manages basic functions like how nodes talk to each other, how consensus is maintained and how information is stored on the network.

On top of the network layer are the core services like Sylo, SingleSource, CentraPay, and CENNZX allowing developers to build applications with ease. These services work differently than traditional on chain dapps because they will have access to special permissions and APIs."

Staking

• From their website (10-4-2020):

"CENNZ is the staking token. By staking your CENNZ you can participate in the network consensus by securing and governing the network. Stakers will receive block rewards in the form of our spending token, CentraPay."

• Has (10-4-2020) a reward program. Anyone can run a node and stake CENNZ.

Governance

• According (10-4-2020) to Messari, it has no on-chain governance or decentralized treasury.

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Competition

• According to their FAQ (10-4-2020):

"CENNZ is different because the applications on Centrality can work together to help each-other grow. For example, our decentralised taxi application could work with a decentralised restaurant application to bring passengers or deliver food."

Team, Funding, Partnerships, etc.

Team

• Full team can be found here.
• Aaron McDonald; CEO "Aaron is a 20 year tech industry veteran with experience leading teams across all aspects of a technology company. Aaron has held leadership positions in large technology companies managing portfolios over $1b in value across engineering and architecture, product management, product development, marketing and sales."
• From their FAQ:

" The technical team come from leading tech companies, blockchain companies and universities such as Alibaba, Baidu, XERO, Google, IOTA, HYPERLEDGER, Consensys and the Max Plank institute. Centrality is also partnered with large corporate clients, such as banks, airlines, fast food chains, global payments providers, insurance companies, logistics and shipping companies, advertising and media companies and governments."

Funding

• Participated in a $1M seed round for BarnBridge (14-9-2020).

Partners 

• Has a bunch of partners, some of which are Mc Donald's and Lightning Lab. It also has what it calls Memberships, with AWS and Microsoft Partners and multiple New Zealand orientated organisations.