Centric Swap

Centric Swap

CNS
$0.000002658%2.21

Key Metrics

Price$0.000002658
Real Volume (24H)$208,037.63
Marketcap$263,625.49
Fully Diluted Valuation$4,285,574
ATH$0.01873632
ATH Date8/3/2020, 6:25:34 AM
ATL$0.00000434
ATL Date12/23/2022, 1:34:45 AM
Circulating Supply21B
Total Supply855B
WebsiteN/A
WhitepaperN/A
Popularity Rank3130
Chart
What is Centric Swap?

Centric Swap (CNS) is a blockchain-based protocol that is designed to address the problem of price volatility in the cryptocurrency market. The cryptocurrency industry is known for its decentralized model, which has resulted in unregulated trading of digital assets that are susceptible to manipulation. The fluctuation in demand is a significant factor affecting the stability of digital assets, making it challenging for the industry to realize the true value of blockchain technology. Centric Swap aims to create a stable environment for the cryptocurrency market that can provide predictable returns and better stability, which is essential for the adoption of digital assets for their functionality.

Centric Swap uses Centric Rise (CNR) as its native currency, which is traded on the Centric payment network. According to the whitepaper, Centric Rise is designed to have a stable exchange rate against a commonly accepted traditional currency. The model adopted by Centric Swap is similar to institutionally regulated monetary policy. By using this approach, Centric Swap aims to ensure that digital assets are valued appropriately and that the market is more stable.

The token used by the Centric ecosystem as a common medium of exchange is Centric Swap (CNS). The token is not similar to any traditional currency or digital asset, but it is compatible with existing cryptocurrency ecosystems. CNS provides liquidity for the Centric payment network and is developed to provide utility in a broader ecosystem. The token is designed to be used by DApps and services through partnerships and collaborations.

Centric uses a two-token system to manage the price of CNS, ensuring that it increases over time. The autonomous feedback mechanisms used by Centric ensure that the rate of return for CNR is maintained while also making CNS more stable. This system's dynamics create a stable environment for the cryptocurrency market that can provide predictable returns and better stability.

In the future, Centric plans to create its own blockchain network for more optimal utilization of its services. Centric Ventures is a program that aims to create an ecosystem using innovation that adds value to the Centric network. This program is expected to play a crucial role in the future development of Centric.

The idea for CNS was first conceived in 2017, and the dual-token system was adopted in 2021. Centric is led by CEO Joel Clelland, COO Thomas Butcher, and other members. The maximum supply of the CNR currency is fixed at one billion, ensuring that the system remains stable and secure.

In conclusion, Centric Swap (CNS) is a unique protocol that addresses the problem of price volatility in the cryptocurrency market. The system uses Centric Rise (CNR) as its native currency and a two-token system to manage the price of CNS, creating a stable environment for the market. The token provides liquidity for the Centric payment network and is developed to provide utility in a broader ecosystem. The future of Centric looks promising, and the Centric Ventures program is expected to play a vital role in the network's development.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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