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Title: I'm seeing Centric everywhere on telegram lately, thoughts on CNS? Post by: jimmymanua on July 24, 2020, 11:27:45 PM The dual-payment system seems pretty cool and I like the Proof of Burn concept, my question is how will I make money from holding CNS? Do I have to convert to Centric Rise?
Title: Re: I'm seeing Centric everywhere on telegram lately, thoughts on CNS? Post by: bestBTCdomains on July 24, 2020, 11:41:35 PM The dual-payment system seems pretty cool and I like the Proof of Burn concept, my question is how will I make money from holding CNS? Do I have to convert to Centric Rise? I agree the proof of burn is novel. I've seen it a lot too. At first it seems a little too good to be true but I gleaned their whitepaper and have realized the following: Proof of Burn : Supply, is forced to meet demand… The fully decentralized Centric protocol regulates the Centric dual token economy, the notational $CNR price is predetermined per the algorithm, so the market values the ecosystem trading $CNS which provides on demand liquidity to $CNR holders. ● Centric Rise Price increases every hour. Here's the key though: ● The more Centric Cash minted the faster Centric Rise burns. ● The number of Centric Rise in circulation can only reduce. Link to Whitepaper: https://www.joincentric.com/whitepaper (https://www.joincentric.com/whitepaper) |