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Author Topic: [ANN] CENTRIC -The world's first dual-cryptocurrency payment network.  (Read 1323 times)

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Offline lolxxxxTopic starter

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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 :








Offline cryptosiast1660

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Cool dual functionality token. This is really defi time

Offline masterpcrypto1112

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What exchanges can we get some of these?

Offline masterpcrypto1112

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Cool dual functionality token. This is really defi time
Yes, actually every one is getting their hands on DeFi Tokens

Offline cryptosiast1660

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Yes, actually every one is getting their hands on DeFi Tokens
I agree. I think most of the crypto that is going out right now is about DeFi, but rarely using the tron chain

Offline masterpcrypto1112

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I agree. I think most of the crypto that is going out right now is about DeFi, but rarely using the tron chain
Yes, TRON is rare but it's fast compared to ETH. It's just the wallet is pretty confusing unlike ETH
« Last Edit: July 17, 2020, 01:44:29 PM by masterpcrypto1112 »

Offline cryptosiast1660

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Yes, TRON is rare but it's fast compared to ETH. It's just the wallet is pretty confusing unlike ETH
I agree with that, ERC20 is really handy and UI is impressive, what is good about TRC20 is that it's network is really fast, TX are cheap, it's not inhabited by a lot of shitcoins and it feels exclusive.

Offline masterpcrypto1112

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I agree with that, ERC20 is really handy and UI is impressive, what is good about TRC20 is that it's network is really fast, TX are cheap, it's not inhabited by a lot of shitcoins and it feels exclusive.
It's true, maybe it's the best for Centric anyways

Offline cryptosiast1660

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It's true, maybe it's the best for Centric anyways
Of course it is!

Offline Ethereium29

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Great dual functionality coin. I prospect this as one of the best DeFi coins of the current time

Offline twelvefifty1

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Dual Payment Network of it's kind. Great work Centric!

Offline Ethereium29

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Offline twelvefifty1

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Offline twelvefifty1

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I agree with that, ERC20 is really handy and UI is impressive, what is good about TRC20 is that it's network is really fast, TX are cheap, it's not inhabited by a lot of shitcoins and it feels exclusive.
I really like ERC20 for Centric compared to Tron

Offline Ethereium29

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See you in Bittrex, sadly it's only for USDT
Don't worry, they also have more exchanges to get listed on the very same day, check this out
https://www.reddit.com/r/joincentric/comments/ht0ezr/july_28th_is_a_big_day_for_centric/


 

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