Instantly exchange Centric Swap at the best price and with the lowest fees on StealthEX. Free from registration, fast, and limitless CNS swaps. You can see for yourself how convenient it is.
Price (USD)$ 0.00
Circulating SupplyCNS 87.52034B
Volume (24h)$ 132.291K
Market Cap$ 256.732K
Low/High 24h$ 0.00 - $ 0.00
Change (24h)N$ AN
Many crypto projects are aimed to address the price volatility problem that burdens the cryptocurrency world. One of these protocols is Centric Swap. Centric is an innovative digital currency and decentralized blockchain protocol. The project features a dual-token model with a fixed hourly yield, which stabilizes over time as it self-regulates token supply.
Centric Swap attempts to create a stable scenario for the crypto space to realize the real value of blockchains. Its developers believe that a highly liquid digital asset with better stability and predictable returns forms the basis for the asset to be accepted for its functionality.
The idea for the Centric Swap protocol was conceived in 2017. The dual-token system was adopted in 2021. Centric is led by CEO Mark Sorensen, COO Thomas Butcher, and other members.
According to the project’s official website, Centric Protocol is attached to two classes of tokens, Centric Rise and Centric Swap. Both of them are BEP-20 standard tokens implemented on the Binance Smart Chain.
The first, Centric Rise (CNR), is traded across the Centric economy and steadily increases in value hourly. Each unit of Centric Rise is pegged to trade at an agreed price denominated in USD which is enforced by the protocol at the point of exchange. The Centric Rise token is governed by the Centric Rise smart contract, and its price dictates the current trading price of CNR across the Centric economy. It is read from immutable ‘Price Blocks’ stored on-chain that are published up to 1 year in advance. The maximum supply of the CNR currency is fixed at one billion. The core features of this cryptocurrency are:
The second cryptocurrency called Centric Swap (CNS) is pegged to Centric Rise and trades freely on cryptocurrency exchanges within the frames of traditional crypto markets. It provides liquidity to the Centric economy through transactional compatibility to existing currency ecosystems. Centric Swap is minted and burnt on demand in exchange for Centric Rise. The Centric Swap token is governed by the Centric Swap smart contract. The core features of this cryptocurrency are:
Together, the two tokens balance aggregate demand through a symbiotic relationship with autonomous feedback mechanisms. The dynamics of the protocol act to maintain the agreed price of Centric Rise while stabilizing the value of Centric Swap.
The project’s development process is divided into three phases. In the current adoption phase, Centric’s economics are volatile as the supply of Centric Rise burns quickly to find consensus with the market price of Centric Swap. The utility of Centric is small with a limited number of partners. During this phase, Centric is an investment opportunity.
When the price of Centric Swap approaches $1 USD, the burning of Centric Rise slows and volatility reduces. During this phase, Centric will offer a compelling alternative to fiat currencies and serve as a digital payment system for a wide variety of online merchants.
Once Centric gains the trust of online buyers and sellers, it will transition to a viable alternative to fiat currencies. Centric will compete with existing transactional currencies offering censorship resistance, price discovery, tiny fees, fast international transactions, along with the additional benefits of a public blockchain ledger.
The crypto protocol has established a number of partnerships. The Centric Foundation was established to advance the adoption of Centric Rise (CNR), Centric Swap (CNS), along with establishing partners and solution providers around the world.
The Foundation holds the highest standards of internal governance and transparency and is focused on a 7-10 year roadmap of new products, services, and partnerships which will establish the financial framework required in order to achieve mass adoption around the world.
The Centric Foundation also plays a key role in setting macroeconomic policy to guide the growth of the Centric economy through the management of Centric Rise price, which is set 1 year in advance.
The blockchain started attracting investments and new business partners quite early in its journey. In October 2021, CNS price rallied roughly 1,000% as new partnerships and a chain migration lured new investors to the project. Shortly before this, the Centric Swap protocol signed a handful of partnerships with companies like Tourvest Travel Services and Absolute World, which will allow CNS to be used as a payment option for traveling expenses.
In July 2021, Centric Swap migrated from the Tron network to the Binance Smart Chain. This gave the project access to the active trading community on BSC, which has helped to boost its exposure and increase its trading volume. This turned out to be a timely move because Binance announced that it would be investing $1 billion toward developing the DeFi ecosystem on the BSC, the protocol behind Centric Swap.
Protocol investments and developer incentive plans have grown in popularity in recent months after multiple projects, including Avalanche, Fantom and Terra, used the tactic to grow their communities and attract liquidity to their DeFi ecosystems. In each instance, the tactic led to a strong increase in each project's token price.
In January 2022, Northern VoIP of the Orkney Islands, Scotland started offering its customers in the UK and around the world an option to pay with Centric Swap (CNS). Through their VoIP Store, the company offers an extensive array of VoIP (Voice over IP) products from leading manufacturers. Beyond physical products, they provide numerous services, including both cloud hosted and on-premises phone systems, planning and design, installation, IT & Networking, etc.
In February 2022, Fox Maker’s, an Italian online electronics store, started offering tech enthusiasts a Centric Swap (CNS) payment option. Based in San Severo, Foggia, the electronics store serves customers across Europe. Fox Maker’s sells 3D printers, smart tech, automation devices, robotics, LED lighting, and more.
In March 2022, eight more businesses started offering their customers the option to pay with CNS token. UK-based restaurants and online retailers in Europe and the US added their names to the expanding list of businesses accepting Centric crypto payments. These businesses included Alas Sportswear, a company based in Stockholm that offers artist-designed cycling wear, GoPure from Netherlands that sells ethnobotanical and natural products, sourced from carefully selected suppliers on three continents, and Le-Ad Eco operating from Madrid, Spain, a digital marketing agency with a focus on ethical practices.
In April 2022, Centric Foundation announced four new businesses have integrated Centric Swap (CNS) as a payment option for their customers. The businesses included two eCommerce websites, a cloud-based virtual desktop provider, and a subscription-based online platform for traders:
Judging by how Centric Swap keeps developing and attracting new businesses and partners, the project may have a brighter future than many other popular blockchains. For instance, DigitalCoinPrice experts predict that by 2031, CNS coin will rise in price and reach $0.001. Many crypto enthusiasts believe Centric crypto may even skyrocket to $1, and this is a very optimistic scenario for the coin.
StealthEX is here to help you buy innovative tokens like Centric coin. If you’d like to make an investment in one of these rare and valuable cryptocurrencies, you can do this privately and without the need to sign up for the service. Our crypto collection has more than 450 different coins and you can do wallet-to-wallet transfers instantly and problem-free.
Just go to StealthEX and follow these easy steps:
Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.
How to Buy
Find how to buy BNB without Binance, and without creating an account or disclosing any personal information.
Where can I spend Bitcoins? Who accepts Bitcoin in 2022? The list of 10+ companies and stores accepting crypto payments
What is DeFi in crypto world? Is DeFi a good investment? Is Decentralized Finance the future? What are DeFi coins?