- What Is Centric Swap CNSCentric Swap CNS was first conceived in December 2017. - CNS is a Binance Smart Chainbased token that serves as the Centric Network’s on and offramp. - Centric Network itself is a dualcryptocurrency payment network.CNS can be traded freely on cryptocurrency exchanges and offers users access to Centric Rise CNR along with liquidity. - A decentralized protocol governs the exchange between these tokens and selfregulates the supply to meet the changes in demand.The vision of Centric is to alleviate what they see as the largest obstacle to the mass adoption of cryptocurrencies, which is price volatility. - The Centric Foundation was established to advance the adoption of Centric Rise CNR and Centric Swap CNS.Centric has a dualtoken model that rewards adoption and stabilizes over time due to its selfregulating supply. - The idea behind the model is that, when a user purchases Centric Swap from a trusted cryptocurrency exchange, they can convert it to Centric Rise and benefit from its hourly growth.This leads to the fact that at every moment when the Centric Rise is worth slightly more than Centric Swap, the user can convert CNR back to CNS and reap the rewards. - This dual token system creates the conditions for a synthetic stable currency and can regulate the supply of Centric Rise to drive the market price of Centric Swap towards $1.Who heads Centric SwapMark Sorenson is the CEO of the Centric Foundation and a member of its board of directors. - Mark emphasizes investor education and engagement, strategic partnerships, and market cap growth as key components to expedite protocol consensus.What Makes Centric Swap UniqueThe two tokens that make up the Centric dualtoken model include the Centric Rise CNR and the Centric Swap CNS.CNR trades at a fixed price and has hourly growth, while CNS trades at the price set by the market. - At any point in time, Centric Rise can be redeemed for Centric Swap and vice versa.Holding Centric Rise grants a user predetermined hourly earnings on their investment in Centric Swap, ensured by the fact that the value of Centric Rise is constantly increasing in relation to Centric Swap. - CNR trades at a predetermined price that is enforced by the Centric protocol and increases every hour when the protocol selfbalances. - 1 CNS will always convert to CNR at a fixed exchange rate of $1 USD of CNR.In other words, Centric Rise CNR stores value, is a transactional currency, has a deflationary supply and an inflationary price and an hourly yield. - Centric Swap CNS has liquidity, is traded on exchanges, has an elastic supply and a demand indicator. - The Centric Protocol governs the token exchange, regulates the supply, is immutable, is censorshipresistant and is independently audited.How Is the Centric Swap Network SecuredThe Centric Protocol is governed by the Centric Rise #smart-contract . - CNR and CNS are based on the BSC blockchain’s BEP20 standard.Centric Wallet is available where users can store their Centric Rise and Centric Swap. - It has features that were specifically designed for these tokens..
Summary of the coin Centric Swap
market value (Market Capital) Ranked 3324
highest price statistics: 0.02 $USD total number of coins(Supply): 99,250,987,436.06 coin circulated (Circulated): 99,250,987,436.06 coin
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Study the exchange market information. Centric Swap
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