centric-cash logo download PNG or SVG

Information about centric-cash

Centric Swap (CNS) is a cryptocurrency token built on the Binance Smart Chain, designed to serve as both the entry point and exit point for the Centric Network. The Centric Network is a payment network that operates with two cryptocurrencies. CNS can be freely traded on various cryptocurrency exchanges and provides users with the opportunity to access Centric Rise (CNR) and liquidity. The exchange between CNS and CNR is governed by a decentralized protocol that adjusts the supply to meet changes in demand. The main goal of Centric is to address the issue of price volatility, which limits the widespread adoption of cryptocurrencies. To achieve this, the Centric Foundation was established to promote the use of CNR and CNS. Centric operates on a dual-token model, which encourages adoption and achieves stability over time through self-regulation of the token supply. The concept behind this model is that users who purchase CNS can convert it to CNR, benefiting from its hourly growth. This allows users to convert CNR back to CNS whenever CNR's value surpasses that of CNS, ultimately earning rewards. By employing this dual token system, Centric aims to create conditions for a synthetic stable currency and control the supply of Centric Rise to drive the market price of Centric Swap towards $1.

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