Author

Topic: ⚡⚡[ANN] CENTRIC -The world's first dual-cryptocurrency payment network. ⚡⚡ (Read 927 times)

newbie
Activity: 14
Merit: 0
https://www.centric.com/ big scam!!!!

As soon as I released the sec document related to a cns/cnr ponzi scheme, all the admins blocked me privately and deleted them from their chat and then they came to tell us that we were FUD when it is real what is given as information. i hope they end up in jail

I asked the sec in the USA to check them.

Sec PH report: https://www.sec.gov.ph/wp-content/uploads/2020/06/2020Advisory_Centric-Corp-Ltd-and-its-Centric-Rise-and-Centric-Cash.pdf



the centric explorer is nonsense: https://explorer.centric.com/


we are at 30 billion cns in circulation and the max supply is at 600 billion now lol

and then they say that the CNR is burnt, wow, but the CNR is absolutely useless, you can exchange it for shitty cns.
newbie
Activity: 14
Merit: 0
****************************************
newbie
Activity: 14
Merit: 0
Joel Clelland changed the max supply to now 307,577,565,251 on centric explorer. it will never reach 1 dollar.

its a joke this project
member
Activity: 250
Merit: 10
I hope the Centric team can pull this off!

From what I believe they are all set to pull it off.


Buy At Cheap price now while its still low.

HODL !
jr. member
Activity: 166
Merit: 1
I hope the Centric team can pull this off!
sr. member
Activity: 1414
Merit: 252
Keep it Simple guys :)


congrats for Centric supporters and investors !
a new altcoin and just few days ago added on coinmarketcap,
and, tpday this altcoins become the biggest gainers coin at coinmarketcap
hope the price will continue growing
regards
legendary
Activity: 1638
Merit: 1001
Centric Rise Price $ 9.9140 USD
Centric Rise Max Supply: 990,780,280.93 CNR
Centric Cash Circulating Supply : 136,313,669.01 CNS
Protocol Locked 13,754,267.51 CNR(Can be checked here: https://docs.google.com/spreadsheets/d/1iV8Wq_orEwR5DAga1zvRRjqrUy5H_aFh7kt6NFSq-Nw/edit?usp=sharing)
Protocol Claim 13,749,647.28 CNR
Burned (All Time) 9,219,719.07 CNR
Burned (24h) 96,962.58 CNR


&
CNS



More From the team :
The $ CNR burn is cumulative which means once it's burnt it's never coming back. Partners also burn $ CNR through utility agreements. For example moolah.bet burns 10% of $ CNR it buys daily.

This is day 4 of trade coming out of a centralized system for almost 3 years.

Someone who holds $ CNR isn't a dumper if they sell, they are just selling and in reality these is many reasons why people sell. They don't believe, negative sentiment, they need money, they want to cash out (profit) they got free tokens (airdrop) they think they can buy them cheaper later. There is many reasons. The price is of $ CNS is low which represents where the market is currently at. All markets naturally start small and build.

If your expectation was the next ICO PUMP AND DUMP, you are sadly wrong! These are manipulated markets designed to drive fomo and wreck retail investors. Like all markets it will build up over time.

Centric Rise works flawlessly, every hour it slightly increases, it burns excess value and it's enforcing the protocol. It has legal opinions in multiple high risk jurisdiction around the world, external security audits and operates in a decentralized, immutable and transparent state.

$ CNS will be the first TRC-20 to list on Bittrex.

$ CNS was never issued in an ICO, it also has external security audits and published legal opinions.

Centric has very ambitious plans of becoming a global currency, Centric is built, and works exactly as advertised, it's taken 3 years to develop and establish the market to this point.

A huge milestone was achieved this week when we listed on 4 external exchanges. There is only one was from here and it's up.

This video explains how we can make huge returns :
https://m.youtube.com/watch?v=LGFU8NV8RrM
legendary
Activity: 1638
Merit: 1001
Just found a video  that explains the benefits of Centric:
https://m.youtube.com/watch?v=LGFU8NV8RrM
legendary
Activity: 1638
Merit: 1001
Just to let you know,Centric is already on Coinmarketcap( https://coinmarketcap.com/currencies/centric-cash/ ),coingeko etc.,
legendary
Activity: 1638
Merit: 1001
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!!❤❤❤❤  
True.
I have been with it since it's beginning.
One of a very few projects with a strong and working team committed to give the world,with its novel dual-token concept' a very reliable,realistic,profitable and fully decentralised crypto.

Good info.
Those who want to explore the potential of centric(even before what they think/comment about it) can check out the links in the post quoted above and find it for themselves.




newbie
Activity: 4
Merit: 0
Centric is world first dual currency project. Many peoples believeon this project i also one of them. I am very surprised because of their team work. In short time centric will control crypto. Its my opinion. 
newbie
Activity: 4
Merit: 0
After close to three years of waiting and I can't express how happy I am having been part of this great project. It gives me everything to believe that it will be one of the most successfully planned of the Crypto years. Thanks to the development team
newbie
Activity: 156
Merit: 0
Really very good project and also trusted  payment network. What makes it more beautiful is that his own coin center rise  takes hourly growth. That is price growth of centric rise are u surprise... $CNR price chart

DREAM CALCULATOR
                                        >
Date             $CNR  (convert ) CNS
20/07/20    $8.89                     8.89
01/08/20    $9.78                     9.78
01/09/20    $12.57                   12.57
01/10/20    $16.15                   16.15
01/11/20    $20.76                   20.76
01/12/20    $25.54                   25.54
01/01/21    $31.41                   31.41
01/02/21    $38.64                   38.64
01/03/21    $46.37                   46.37
01/04/21    $55.65                   55.65
01/05/21    $66.78                   66.78
01/06/21    $79.14                   79.14
01/07/21    $93.78                   93.78
01/08/21    $111.13                111.13

👉 Conversion of $CNR to $CNS (or vice versa) does not depend on what rate is $CNS trading at the exchanges. It will always be $1.
🤷‍♂️🤷‍♂️🤷‍♂️Thanks centric 🤷‍♂️🤷‍♂️🤷‍♂️
full member
Activity: 245
Merit: 100
Cryptopia.co.nz
Nice job with Bitcointalk thread! If you’re a new investor and looking for a way to safely trade in crypto without the worries of complete “Shitcoin” tendencies. Try Centric: Dual crypto. The first of its kind.

We have links to all of our social media on the intro thread. Welcome new (& old) friends!

Please don’t feed the trolls Grin

Sigma🗽
newbie
Activity: 34
Merit: 0
Specialy for the pumping service we both know exactly what we talking !
It looks like , but we dont know exactly , but the signs are there.

pumping service? Dude these are all telegram users here, why do you make baseless accusations without bothering to follow up 1st?
I've been involved in crypto since march 2013 but I rarely use btctalk just because of the garbage spewed here.
At least you Deleted some of your stuff so that's good but it just looks like your being petty cause you weren't held over as an employee.

I just have Moderated the Discord channel a bit last year and that under the name UPDC Upstake , then the team changed !
Also Translated the Whitepaper into german !

About the ANN i asked a few times how they , you , would be have it and there was not realy a straight answer for that and thats why i dont have done it !
Glad i have not done it now , since all how you acting is Childish and you take all personal!
I was not contracted or employed !  

You were an employee of the company whether you acknowledge it or not, be truthful, you were paid. You were let go due to lack of actual work which said workload wasn't at all a heavy load to have for what you got paid.

As for direction you were given direction and you came up with many excuses for not doing the ANN back then.
"I'm busy, will get to it next week"
next week rolled around Hey Lafu how's the BTCtalk coming along?
"I'm busy, I'll get to it soon"
next week Lafu what have you done for the btctalk so far?
nothing but I will get to it soon,thanks!
some weeks after, Lafu we really need to get that BTCtalk done, what you go?
"I can't work on it, covid-19"

so Chris was asked and completed it same day cause he's Elite!!

I dont have posted anything negative , just asked things and was confused about the 2 ANNs.
There is also no trolling , just things that be seen and asked !
The problem is that Criticism and discussions are get deleted and are seen from your side as negative, was realy thinking you act more professional on that!
And the proof of that is that im Banned from the Discord since yesterday , well done !

There is not more to say anymore , i will take my investment out and then you can do what ever you want !
In terms of behavior, your behavior is not the best that is expected from an official representative for such a project towards other people.

Have a good Day and best luck in the future!  

your making yourself look dumb with this drama nonsense.
you say your not posting negative stuff but straight up say it might be a pump group... do you not understand english that much?

please think, your capable of doing critical thinking.

Smart people don't make baseless accusations, they get proof of what's actually happening then move forward with it.
If anyone is acting childish,
it's you with your Striked out words like your taking them back but clearly able to still read them all perfectly fine.


As for your being banned you were banned for multiple offenses including arguing over and over with admins or other community members sir, or did you forget that?

insulting others isn't a right, trolling people in a crypto's discord isn't a right either. Be respectful and you will receive it back.
If I came into your house and started talking smack I would expect to be shown the door very quickly.

I will repeat it, If you want respect, you must give respect, understand?

p.s. your investment of time you were paid for you mean correct?

Alex



full member
Activity: 245
Merit: 100
Cryptopia.co.nz
Uhhh...yea you both have 0 idea what you’re taking about.
Specialy for the pumping service we both know exactly what we talking !
It looks like , but we dont know exactly , but the signs are there.

What you should be asking is when Lafu was working for the project and we asked him three times to do a thread for us
I just have Moderated the Discord channel a bit last year and that under the name UPDC Upstake , then the team changed !
Also Translated the Whitepaper into german !

About the ANN i asked a few times how they , you , would be have it and there was not realy a straight answer for that and thats why i dont have done it !
Glad i have not done it now , since all how you acting is Childish and you take all personal!
I was not contracted or employed !

Only a moron would post something negative about a crypto they’re invested in. If they’re not invested and they’re spending their time on btctalk trolling some project
Not normal behavior.
I dont have posted anything negative , just asked things and was confused about the 2 ANNs.
There is also no trolling , just things that be seen and asked !
The problem is that Criticism and discussions are get deleted and are seen from your side as negative, was realy thinking you act more professional on that!
And the proof of that is that im Banned from the Discord since yesterday , well done !

There is not more to say anymore , i will take my investment out and then you can do what ever you want !
In terms of behavior, your behavior is not the best that is expected from an official representative for such a project towards other people.

Have a good Day and best luck in the future!

On a professional note...it just proves where you stand. Against the project. We have the best team crypto can ask for. It’s a shame you didn’t take the opportunity to realize that.
legendary
Activity: 3136
Merit: 3213
Uhhh...yea you both have 0 idea what you’re taking about.
Specialy for the pumping service we both know exactly what we talking !
It looks like , but we dont know exactly , but the signs are there.

What you should be asking is when Lafu was working for the project and we asked him three times to do a thread for us
I just have Moderated the Discord channel a bit last year and that under the name UPDC Upstake , then the team changed !
Also Translated the Whitepaper into german !

About the ANN i asked a few times how they , you , would be have it and there was not realy a straight answer for that and thats why i dont have done it !
Glad i have not done it now , since all how you acting is Childish and you take all personal!
I was not contracted or employed !

Only a moron would post something negative about a crypto they’re invested in. If they’re not invested and they’re spending their time on btctalk trolling some project
Not normal behavior.
I dont have posted anything negative , just asked things and was confused about the 2 ANNs.
There is also no trolling , just things that be seen and asked !
The problem is that Criticism and discussions are get deleted and are seen from your side as negative, was realy thinking you act more professional on that!
And the proof of that is that im Banned from the Discord since yesterday , well done !

There is not more to say anymore , i will take my investment out and then you can do what ever you want !
In terms of behavior, your behavior is not the best that is expected from an official representative for such a project towards other people.

Have a good Day and best luck in the future!
full member
Activity: 245
Merit: 100
Cryptopia.co.nz
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

Uhhh...yea you both have 0 idea what you’re taking about. I wouldn’t doubt if the latter was the one who had us flagged but, wtvr. This malboroza or Marlboro or malabitch person has no right flag anything! There nothing TO FLAG! He just took it upon himself to prejudge something wasn’t his to judge and folios any of the fake accusations made. What you should be asking is when Lafu was working for the project and we asked him three times to do a thread for us and he said yea...why didn’t he do it and why all the sudden on the day he contacts me about this thread, just happens to be the day he spews all this nonsense along with yourself. Pretty ironic. Don’t cha think!🤷🏼‍♂️

As for you! Doesn’t seem like you know a whole either. We weren’t going to sit there and argue with anybody over some pointless garbage. Everything will be produced on time. Everything is on schedule. The only only ones who will have to worry are those who think they can compete with what is coming. You should go write for Yahoo News. They love bullsh🤡tters!

Only a moron would post something negative about a crypto they’re invested in. If they’re not invested and they’re spending their time on btctalk trolling some project they have no vested interest in...well...I feel sorry for those ppl! What kind of life is that??? No friends. No family. Nobody. Just alone...with a pc...acting like a predator. 🤦🏼‍♂️

Not normal behavior.
newbie
Activity: 58
Merit: 0
Those who wants to buy centric cash(CNS).  Please wait for 28 th july after that you can buy from these 5 exchanges

1. Bittrex global
2. Bithumb global
3. Probit
4. Cointiger
5. Oikos
newbie
Activity: 11
Merit: 0
Hello team,

Your are one step ahead of the Crypto's world, indeed CENTRIC going to change the crypto world.
hero member
Activity: 2744
Merit: 588
I dont think they using a pumping as they have a lot of users on Telegramm and other Services.
Check these users that are active in this thread:

maticmoon- also active in DeFiRev and Zimbocash
fuzzywuzzymppc- also active in DeFiRev and Zimbocash
SorrentoOS - also active in DeFiRev and Zimbocash
Hardening2.0- also active in DeFiRev and Zimbocash
sophomore2020- also active in DeFiRev and Zimbocash
CoronaCoinOfficial1 - also active in DeFiRev and Zimbocash

All 6 of those users made 99% of their posts in those 3 threads. I really doubt that is some kind of coincidence. It wouldn't be the first ANN that hired that service despite having many followers on social media channels.


Your observation is nice. More than likely they are hiring the same group of bumping services.

Anyway, even if they deny such availment of this service, if a user will closely follow the project, they will know more or less the actual progress of the project.
So if a user is an investor like for example on this project, they can check every detail not only on this thread but their social media updates.
Unfortunately, we are limited with the information that they disclose to the public.
Whatever is happening within the organization and their real motives, is only within their group.

newbie
Activity: 38
Merit: 0
CNR token price are pegged at $ 1 and price will increase every time? if CNR is not a stable coin then what is the guarantee if the price of the token will not fall below $ 1
As far as I understand from whitepaper $CNR pegged to 1$ CNS in protocol but market will be decide what will be the price after this point burning and partnerships very important and they have 2 type of burning
The longer CNS stays minted the more CNR is burnt lets say Average 200m CNR held in contact for 1 month. The first 3 month the rising will be at 28.5% per month, the protocol will burn around 56 million $CNR from circulation (5.6%) in the first and in few subsequent months as rise % declines over time and other way is if you convert $CNS and convert to $CNR back (the hour passes) you would end up getting less $CNR back that additional value is burned.
full member
Activity: 842
Merit: 100
CNR token price are pegged at $ 1 and price will increase every time? if CNR is not a stable coin then what is the guarantee if the price of the token will not fall below $ 1
member
Activity: 250
Merit: 10
I think it's a great project and about time the crypto world see's something new and workable.


The thing about centric is the team has never disappointed in its goal and always listened to the community to help improve the project.


Hope good things 2 come in the future.
legendary
Activity: 1722
Merit: 5937
I dont think they using a pumping as they have a lot of users on Telegramm and other Services.
Check these users that are active in this thread:

maticmoon- also active in DeFiRev and Zimbocash
fuzzywuzzymppc- also active in DeFiRev and Zimbocash
SorrentoOS - also active in DeFiRev and Zimbocash
Hardening2.0- also active in DeFiRev and Zimbocash
sophomore2020- also active in DeFiRev and Zimbocash
CoronaCoinOfficial1 - also active in DeFiRev and Zimbocash

All 6 of those users made 99% of their posts in those 3 threads. I really doubt that is some kind of coincidence. It wouldn't be the first ANN that hired that service despite having many followers on social media channels.
legendary
Activity: 3136
Merit: 3213
I dont think they using a pumping as they have a lot of users on Telegramm and other Services.
I also have an little investment there since last year and most of the users are only on Telegramm.
Lets see how it goes after the trading is starting on exchanges. For now i stay neutral and waiting.

Dont know if you heared about the dfinity Project, im waiting for 2 years now that it comes true!

Some things need time.
legendary
Activity: 1722
Merit: 5937
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
hdn
hero member
Activity: 682
Merit: 500
hi
anybody know how to buy centric token?
newbie
Activity: 24
Merit: 0
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.
newbie
Activity: 20
Merit: 0
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!!! Grin

What exchange they will list this 28th? Didn't know about this, maybe you can give us a clue  Grin
newbie
Activity: 38
Merit: 0
Dual token system seems looks nice, looking forward to future updates what they can will bring in cryptospace for mass adoption
newbie
Activity: 11
Merit: 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.
newbie
Activity: 17
Merit: 0

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.
newbie
Activity: 34
Merit: 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!
newbie
Activity: 58
Merit: 0
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!!❤❤❤❤   
legendary
Activity: 2198
Merit: 1032
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.

full member
Activity: 1848
Merit: 158
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?
full member
Activity: 245
Merit: 100
Cryptopia.co.nz
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!!! Grin
legendary
Activity: 2198
Merit: 1032
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
legendary
Activity: 3136
Merit: 3213
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.

copper member
Activity: 2
Merit: 0

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
legendary
Activity: 3136
Merit: 3213
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.
newbie
Activity: 17
Merit: 0
They have similarities with Tron, I love it!
newbie
Activity: 21
Merit: 0
Fantastic. Another DeFi coin we need to watch out!
newbie
Activity: 23
Merit: 0
Wow, you are reviewed on different publishing sites. How come I did not know this  Undecided
copper member
Activity: 2
Merit: 0




    





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.






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