In this Telegram AMA recap, you’ll find insights about the Center Prime (CPX) project. In an event hosted by Miranda from MEXC, you will meet Merik Joshua Neumann from Center Prime (CPX).
Introduction of Center Prime AMA Members:
I am in charge of marketing related to participating in and conducting conferences for Center Prime’s project growth. In addition, I also do marketing on the cross-chain bridge and NFT security technology, which are important products of our project.
Questions from community to Center Prime:
Miranda: What is Center Prime? Can you share with us more in detail?
Merik: If you guys prefer me to proceed with audio messages let me know, otherwise I will continue like this.
Center Prime is a project that connects the world with the world. To achieve our goals, we have developed Oracle Perceptron, a protocol that plays a pivotal role in the upcoming fintech blockchain ecosystem.
In addition, Center Prime is continuously developing cross-chain bridge projects that enable basic coins to be connected and active with tokens of different networks in a cross-chain ecosystem through Layer 2.
so in other words, we are a multi-chain project that has the technology to realize the connection between the chaining of CBDCs currently being researched by multiple countries, institutions, and companies around the world and the connection between the existing blockchain networks. At the same time, we are working on an NFT security project that addresses the metadata hacking problem that must be addressed in order to connect the value of NFTs to the real world.
Miranda: What triggers CenterPrime to be launched? What are some of the real-world problems/ pain points that CenterPrime aims to solve?
Merik: The blockchain era up to now was just at the beginning.
For this reason, we only used single-chain networks, which are limited to blockchain networks. I think many of you are already aware of the various problems that arise from this. To solve this problem, various solutions have already been proposed in the market. One of these is a multi-chain network through layer 2 technology. And, many projects are already in the process of transforming into a multi-chain network using layer 2 technology.
We have been continuously researching how different networks communicate and how to prove communication in the coming, or perhaps already, multi-chain network era. In the coming multi-chain network era, various networks will be connected to each other.
It’s like a giant neural network structure. We refer to this form/structure as the perceptron. In order for various and huge networks to be connected and operated as one huge neural network structure, a bridge is needed to connect different networks. And, we provide a protocol that fulfills this role as the Oracle Perceptron Protocol.
Miranda: What about the unique selling points of CenterPrime as compared to other similar projects in the industry?
Merik: Until October 2022, CPX, a token of CenterPrime, will be used in the blockchain ecosystem.
However, after that, we plan to induce the use of tokens by forming a private node through the formation of validators. Such nodes will be a trigger to build the mainnet ecosystem and will be the start of the implementation of the bridge technology that connects the chain. Afterward, CPX will be given as a reward for validators who perform cross-chain protocol proofs through Layer 2.
Existing tokens were used only for the purpose of a simple exchange of tokens, not the proposed use of the project. However, CPX proves the exchange of tokens between chains through the Oracle Perceptron protocol and is used as part of the exchange fee. It is to play a role as a Neuron asset, which is also specified in our white paper if you like to read it.
Miranda: What about the role of $CPX in CenterPrime? Would you tell us more about its tokenomics?
Merik: Sure. Since we have a specific document of the tokenomics, the link is following.
It’s mainly comprised of providers, operators, validators, and growth funds.
Miranda: Are there any exciting news or updates with regards to CenterPrime (CPX) that you would like to share with the users?
Merik: Yes, sure!
We divide users into two categories.
The first is developers directly participating in the development of the blockchain ecosystem, and we are trying to get their response first by providing a library of functions such as operators, providers, and Neuron assets and providing them as smart contracts.
This will also be provided to general users after the mainnet transition.
The second category, general traders or blockchain service participants, we are trying to lead them into the CenterPrime ecosystem through the use of services such as UI/UX directly on the mainnet.
Miranda: If you were to summarize your project in ONE word, what would it be? Why?
Merik: Oracle Perceptron.
Our project solves the shortcomings and problems of the current blockchain system that can cause problems in the future by connecting different blockchain networks using a bridge and linking the custodial assets of the real economy with the non-custodial assets of the blockchain ecosystem.
In addition, through this, the value basis of the blockchain ecosystem and cryptocurrency is added.
Again, as mentioned earlier, the connected networks and their communication form a perceptron structure, which is a huge neural network structure, and the on-chain/off-chain connection that grafts real assets with blockchain technology is an oracle. 🙂
Free-asking Session to Center Prime:
Q1. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
CPX Telegram Community: 33,937 members
CPX Telegram News: 30,032 subscribers
Twitter: 31,000 follower
Medium: Project Blog
Q2. Currently from where I can buy it? Is it possible that I can get it only by holding it?
We are listed in the MEXC exchange. Also you can reach us by Pancakeswap. Thank you.
Q3. The partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships?
Chainlink is a middleware blockchain platform for connecting blockchain smart contracts to data, payments, APIs, etc. outside the blockchain network. It is a project that helps various smart contracts to be easily connected with data in the real world.
Center Prime has signed a partnership as a data provider for Chainlink. Center Prime project is a middleware platform that connects traditional finance and various assets of DeFi. It provides Chainlink with data that flows through various assets such as digital assets, peg assets, virtual assets, and physical assets. Through this, Chainlink achieves platform expansion by receiving high-quality data, and CenterPrime promotes platform expansion through Chainlink’s Oracle middleware technology.
Aniverse is a content theme park platform including the character Larva, global content and many other characters. They have more than 150 IP licensing partners in 25 countries around the world, such as Amazon, NETFLIX, and collaborated with CenterPrime to produce ‘Aniverse NFT’. It is compatible with NFT platforms such as ‘Opensea’, the largest global exchange, and provides an FT trading system that allows users to trade NFTs through ERC20 tokens, not coins such as Ethereum and Bitcoin. CenterPrime provided core technologies and smart contracts used in ‘Aniverse NFT’, and will continue to collaborate with Aniverse as a technology business partner.
QuarkChain is a cryptocurrency for a platform that guarantees fast transaction processing speed and stability. They are using a Proof-of-Stake (PoSW) consensus algorithm that combines Proof of Work (PoW) and Proof of Stake (PoS). It also provides a stable trading system through shard chains. CenterPrime has provided QuarkChain with a wallet SDK. By providing payment through QKC and QRC20 tokens, we continue to take partnerships for the expansion of the ecosystem by connecting the real economic ecosystem and QuarkChain.
Paygate is a company with 23 years of experience providing payment services to more than 3,000 customers in the US, Hong Kong, UK, Singapore, Luxembourg, Korea, Japan, etc. They provide services such as electronic payment, foreign currency remittance, and security authentication solutions. CenterPrime signed a ‘Seyfert’ partnership with Paygate. The four main purposes of the partnership are:
1. Convergence of fintech and blockchain
2. Private chaining of open banking
3. On-chain connecting public chains and private chains of open banking
4. DID blockchain wallet through fintech. CenterPrime and Paygate are laying the groundwork for the expansion of major industries (payment, manufacturing, service, accounting, etc.) through partnership.
TESEUM is one of the teddy bear groups in Korea as a content company. TESEUM, which aims to communicate with consumers through various contents, expanded from 2008 to Jeju to 2015 and Seoul.
It is one of Korea’s representative tourist destinations through the world’s first open-type experience exhibition and attracts more than 1 million visitors annually.
CenterPrime is increasing the value of Teddy Bear brand content through a business agreement with TESEUM. Center Prime continues its partnership by providing TESEUM’s brand NFT, artist NFT, content NFT, and original NFT through CenterPrime’s NFT security technology.
(Market URL: https://ropsten.khhn.io/)
KHHN NFT is an open digital metaverse project that protects various cultural/natural heritage existing in the world. It preserves value by creating an NFT that projects the value of irreversibility, a characteristic of the blockchain.
KHHN NFT is one of CenterPrime’s partners and is working on a project through a technical agreement with Center Prime.
Artbuddy is an art business group that breaks the stereotype of art, which has a high barrier to entry and conducts various activities so that anyone can easily become friends with art. In addition to purchasing and selling works of art, we are expanding its role in various fields to become a group that revitalizes the Korean art market and gives fresh stimulation through edition prints and art product production. Through our partnership with Artbuddy, we intend to facilitate the issuance of artist-certified NFTs in NFT security technology and the recruitment of artists.
ArtiiKorea is a company that realizes investment returns through artworks such as Picasso and Andrew Heal guaranteed by art museums. Through collaboration with the museum, we are building a safe work storage system. CenterPrime has established a multi-share NFT market system for artworks through collaboration with ArtiiKorea. It provided a platform for various investors to trade easily and easily, but safely, by providing the huge value of artworks in a proof of equity.
* Future potential partners
Polkadot is an inter-chain network that connects different blockchain networks, and is a project with the purpose of facilitating data transfer between chains. Polkadot consists of the Relay Chain, which is the manager who decides whether to trade. Also Parachain, which collects and processes transactions. With interoperability, scalability, simple blockchain, fortress proof-of-future, full security, and user-defined networks, Polkadot is a potential partner for CenterPrime since CenterPrime is a middleware project that connects real finance and DeFi finance. We continue to communicate with Polkadot because it can create new value by linking data operated in various chains and data operated in the real world, which is the purpose of Polkadot.
2. Payment agency operators
Companies that provide payment services are potential partners of CenterPrime. In fact, we have already signed a business cooperation agreement with Paygate. Because the purpose of CenterPrime is to bring about innovative changes in finance by connecting actual finance and DeFi, any payment company currently serviced in the industry can become a potential partner with us. Currently, we are continuing to communicate with various payment service companies.
3. Banks Leveraging Open Banking API
Open Banking is a financial service that inquires, pays, and remits accounts of multiple banks with one app. In particular, in the case of European banks, the number of places providing a single financial service through open banking is increasing. Since CenterPrime is a middleware platform that connects real finance and DeFi finance, it solves problems that occur in the open banking system. Open banking exposes security vulnerabilities and data collection problems. We are receiving positive feedback from banks by proposing a technology that protects bank and customer data, strengthens security, and minimizes risk through blockchain networks. In addition, we are continuously communicating by collecting, storing, and analyzing data across industries for the development and development of new products such as loans, investments, packages, and pension systems.
Opensea is the global No. 1 NFT trading platform that trades contents NFT. We are currently establishing our position as a reference in the rapidly growing NFT market. Opensea is evaluated as the world’s largest NFT market with more than 200 categories and more than 4 million items listed. However, it has not yet been able to solve the problems of interworking with external platforms, intrinsic IPFS security of NFT, and payment through FT. CenterPrime already has a technical reference to solve the problem with Aniverse NFT. Through this, the technology that can bring the expansion of Opensea platform can be provided, and CenterPrime can bring the platform’s growth through the brand value of Opensea and NFT trading market estimated to be a potential partners of each other.
5. Zero Pay
Zero Pay is a local currency service operated in Seoul, South Korea. As a government-led payment service, we have already secured stable customers and have stable service operations. CenterPrime is already in continuous communication with ZeroPay. By building ZeroPay’s operating network as a private chain, we provide a platform that solves operational security problems and aggregates, stores, and analyzes real economic data. Therefore, we are continuing exchanges to improve operational service efficiency. CenterPrime will secure 10 million affiliates through a stable national project called Zero Pay. Currently, it is not servicing yet due to the change of Korean financial law.
T-money is a prepaid transportation card company that allows you to use public transportation such as buses and subways in Korea. Seoul Metropolitan City, Daejeon Metropolitan City, Sejong Special Self-Governing City, Gyeryong City, Gyeongsangbuk-do, Jeollanam-do, and Jeju Special Self-Governing City have been designated and used as official transportation cards. We are continuously discussing digital assets with T-money. Through CenterPrime’s technology, we connect transportation services that are already in service with digital assets, and build a DeFi economic ecosystem that actually can be serviced. T-money, which already has stable business partners, and CenterPrime, which provides technology, are connected as potential partners for mutual business cooperation.