⚡⚡[ANN] CENTRIC -The world's first dual-cryptocurrency payment network. ⚡⚡

[CentricOfficial]

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What is Centric?

Centric is a blockchain-based payment network composed of two distinct tokens which promote stability, an incentive structure for early adopters, and store of value. The exchange between the two tokens is governed by a decentralized smart contract and a self-regulating protocol.

Centric Cash and Centric Rise are powered by a decentralized TRC-20 smart contract on the Tron blockchain.

Centric Rise
Open Source Code: https://github.com/Centric-Org/contracts
Independently Audited: https://github.coma/Centric-Org/audits


Convert easily in and out of Centric Cash with a permissionless protocol.

Centric Cash
Open Source Code of Cenric Cash : https://github.com/Centric-Org/contracts
Independently Audited: https://github.coma/Centric-Org/audits

About Centric Cash  

Centric Cash is a cryptocurrency that has been pegged at $1 USD worth of Centric Rise token. It will trade on leading exchanges around the world and acts primarily as an on/off-ramp to the Centric Network.

Listed on leading exchanges

Centric Cash will be traded on exchanges around the world like a traditional cryptocurrency. This will allow Centric Rise holders to access liquidity on demand.

Convert anytime without permission

Synthetic asset-backed
Each Centric Cash in circulation requires $1 USD of Centric Rise to be held as security. As Centric Rise increases in value the excess value is burned reducing the supply.

Centric Cash is minted in exchange for Centric Rise. The number of circulating Centric Cash is dependent on the number of Centric Rise tokens held in security on the Centric Rise smart contract.

The number of Centric Cash in circulation equals the USD value of Centric Rise held in security ensuring 1 Centric Cash token can always be redeemed for $1USD of Centric Rise. Each hour Centric Rise tokens are burnt in accordance with the above rule to ensure the stability of the network.

Technically the maximum supply is unlimited but governed by the Centric Network rule set which requires Centric Rise to be held as security at all times on the Centric Rise smart contract ensuring 1 Centric Cash token can always be redeemed for $1USD of Centric Rise.


The maximum supply is therefore based on the total value of Centric Rise.

When a holder of Centric Rise converts to Centric Cash through the convert function on the Centric Rise smart contract new Centric Cash tokens are minted and sent to the holder.

A holder of Centric Cash can claim Centric Rise at a fixed $1 USD value per Centric Cash from the Centric Rise Smart Contract. Once converted the Centric Cash is burned reducing the circulating supply.

About Centric Rise

Predictable


Each hour the Centric Rise token price increases in value which is published to the blockchain yearly in advance. Creating unparalleled incentive for investors to join early while the Foundation establishes financial infrastructure. View future price.


Deflationary


A key economic element important to the long term stability of the Centric Rise Token. Over time Centric Rise will become extremely rare.



CENTRIC RISE AT A GLANCE

Centric Rise is a deflationary cryptocurrency that goes up slowly in value each hour. Some unique features to the Centric Rise TRC-20 token are;

Burn – Critical to the deflationary economic model tokens are burned out of circulation reducing overall supply each hour.
Price Blocks – The Centric Foundation monitors network stability, growth, adoption and a number of other core metrics to set future price growth which is focused in the early stages of development on network adoption and incentive.
Convert – Allows uses to convert between Centric Rise & Centric Cash tokens.
Send & Receive – A stable form of payment to anyone in the world in seconds.
Limited Supply – Max supply 1,000,000,000 (1 Billion)

Proof of Burn

Burning Centric Rise is an important part of the economic model built into Centric. There are currently two ways Centric Rise is burned.

Centric Rise Contract
In order to mint Centric Cash, Centric Rise tokens are held in security. As each hour passes a percentage of Centric Rise held in security is burnt equal to the % hourly change in the price of Centric Rise.

Partners & 3rd Party platforms
When you use or perform certain actions a small percentage of Centric Rise is burned. Centric Foundation negotiates these terms with partners in order to add additional value to the Centric network over time.

How is the percentage of Growth Calculated

How is the percentage of monthly growth calculated?

The Centric Foundation tracks a large amount of analytical data and uses this in combination with future forecasting to predict the adoption and growth of the Centric network. Over time we slowly reduce the incentive (monthly growth rate) to join the network which ensures the sustainability of the Centric project long term. Important to this theory is the constant development and adoption of the Centric Rise token and its usability as a global currency long term. Centric Rise is deflationary because the units of Centric Rise decrease overtime.

ARTICLES :

https://finance.yahoo.com/news/centric-launches-dual-token-economic-042000300.html

https://support.bithumb.pro/hc/en-us/articles/360048150414--Global-launch-Centric-Cash-CNS-Listing-May-21-2020

https://medium.com/@joincentric/centric-cash-cns-will-list-on-bittrex-75bf435bf459

https://www.coinspeaker.com/how-centric-plans-to-transform-the-face-of-cryptocurrency/

https://coinscribble.com/centric-launches-dual-token-model/41228/releases/48/

https://finance.yahoo.com/news/5-crypto-executive-predictions-where-133012832.html

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[maticmoon]

Wow, you are reviewed on different publishing sites. How come I did not know this 

[fuzzywuzzymppc]

Fantastic. Another DeFi coin we need to watch out!

[SorrentoOS]

They have similarities with Tron, I love it!

[Lafu]

I have got an write with an Admin from this project and its not from them ! Possible an Imposter , its not coming from them .
Also watch out for the Links posted in here , possible they get maybe changed at some stage to another one and can pointing to an Phishing Site!
As the trading for this Coin starts on 28th this Month on exchanges.

Looks like there was a missunderstanding and this thread is legit.

[CentricOfficial]

Centric is trying to do things that no other tokens have done before, and for that, we are a threat to other tokens.

View more on our YouTube here, for updates:

https://www.youtube.com/watch?v=51Ww6fWUqZo

[Lafu]

Now i got an confirmation from the Admin that i have written and it looks like this thread is legit !
Next time you making an Thread you should put all in one so you have all together in it.
Also you should check if there is already an existing thread to avoid that others get confused.

Have removed my Feedback now that i have first given.

[lolxxxx]

The dual payment system is pretty cool.  It will be interesting to see what happens. They have really good exchanges they're listing on as a start, which is good.  I also thing the Proof of Burn concept is novel-kind of like it. At least they're doing something new and interesting unlike 99% of all the other coins out there...

Looking forward

[sigma2543]

Centric is for real This is going to break the mold of crypto. It has taken almost three years to build and with complete calculation and strategic planning. We’ve all waiting for what seemed like an eternity, but it was worth it! July 21st p2p becomes enacted while the 28th is the first day of trading on some of the best exchanges in the world!

More to come! Stay tuned!!!

[CaVO32]

The dual payment system is pretty cool.  It will be interesting to see what happens. They have really good exchanges they're listing on as a start, which is good.  I also thing the Proof of Burn concept is novel-kind of like it. At least they're doing something new and interesting unlike 99% of all the other coins out there...

Looking forward

Proof of Burn or being a deflationary token would only work if they will implement their project according to their objectives. If they will be relying on the decreasing supply to increase its value in the market, then their path would be the same with other deflationary coins that had been abandoned by their developers. And since this project is using the TRON network for the moment, do you think you can attract merchants that will integrate your token as part of their payment method? Your aim here is being the world's first dual crypto payment network, so do you have the list of companies that are now accepting your token?

[lolxxxx]

The dual payment system is pretty cool.  It will be interesting to see what happens. They have really good exchanges they're listing on as a start, which is good.  I also thing the Proof of Burn concept is novel-kind of like it. At least they're doing something new and interesting unlike 99% of all the other coins out there...

Looking forward

Proof of Burn or being a deflationary token would only work if they will implement their project according to their objectives. If they will be relying on the decreasing supply to increase its value in the market, then their path would be the same with other deflationary coins that had been abandoned by their developers. And since this project is using the TRON network for the moment, do you think you can attract merchants that will integrate your token as part of their payment method? Your aim here is being the world's first dual crypto payment network, so do you have the list of companies that are now accepting your token?

I hear what you're saying but seems like launch will be soon, seems like it has potential, but not going to judge preemptively until I see what they can do. still think it sounds cool.

I hope they implement what they promised, they must complete their objectives. I have seen many projects with unique ideas ending up with nothing.

[Hasib18181818]

Solid team with solid goal 😍😍. This gem will be trading on major exchanges like bittrex global,bithumb global,probit,cointiger,oikos on 28th july.

There is a trading competition on probit on CNS after 28th july. Trader be ready to grab this gem and trade!!❤❤❤❤   

[AlexNT01]

This is one of the few authentically transparent projects out there. Centric is going to be awesome to to the fruition of listing and gaining adoption. This is truly a revolutionary project. Gains value and doesn't PnD! Amazing!

[SorrentoOS]

Your aim here is being the world's first dual crypto payment network, so do you have the list of companies that are now accepting your token?

This is what we need to watch out in the near future. If there are no companies that would use them, I guess the unique way of being a deflationary token and a dual payment system would only go to waste.

[Hardening2.0]

This is one of the few authentically transparent projects out there. Centric is going to be awesome to to the fruition of listing and gaining adoption. This is truly a revolutionary project. Gains value and doesn't PnD! Amazing!

PnD is a classic scheme and we can expect that it won't happen now. Projects are working uniquely to improve their product and PnD is a low value activity for them, with Centric, because of their flexibility they could surely get wide array of customers to use their tokens.

[Ermbc]

Dual token system seems looks nice, looking forward to future updates what they can will bring in cryptospace for mass adoption

[sophomore2020]

Centric is for real This is going to break the mold of crypto. It has taken almost three years to build and with complete calculation and strategic planning. We’ve all waiting for what seemed like an eternity, but it was worth it! July 21st p2p becomes enacted while the 28th is the first day of trading on some of the best exchanges in the world!

More to come! Stay tuned!!!

What exchange they will list this 28th? Didn't know about this, maybe you can give us a clue 

[CoronaCoinOfficial1]

They have similarities with Tron, I love it!

I agree with you. They have stable coin and a utility coin but far way more different in use case.

[hdn]

hi
anybody know how to buy centric token?

[Rikafip]

Also you should check if there is already an existing thread to avoid that others get confused.

Thing is, they do have older ANN thread but that account has been tagged and flagged by @marlboroza few months ago, so they decided to make a new account and open another thread to avoid all that mess.

What they should have done instead is face those accusations made in this thread instead just opening a new one and thinking that everything is fine now. Whats even worse, they obviously hired bumping service., as same accounts that are pretending to be interested are doing the same thing in 🔥 DeFiRev.com #1 in DeFi News & Decentralized Finance News | DeFi Crypto 🔥, and previously they did that in [ANN] ZIMBOCASH - The first on-the-ground cryptocurrency network for a nation