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Summary of Centric Swap (CNS)
Key Points
- Centric Swap (CNS) is a Binance Smart Chain-based token.
- CNS serves as the on- and off-ramp for the Centric Network, a dual-cryptocurrency payment network.
- CNS can be traded on cryptocurrency exchanges and offers access to Centric Rise (CNR) and liquidity.
- The Centric Foundation aims to alleviate price volatility, a major obstacle to cryptocurrency adoption.
Token Model
- Dual-token model: Centric Rise (CNR) and Centric Swap (CNS).
- CNR trades at a fixed price with hourly growth,
Introducing Centric Swap: A Revolutionary Decentralized Exchange
Introducing Centric Swap (CNS): A Revolutionary Decentralized Exchange
Conceived in December 2017, Centric Swap (CNS) is a Binance Smart Chain-based token that facilitates seamless on- and off-ramp functionality within the Centric Network, a pioneering dual-cryptocurrency payment network.
CNS can be freely traded on cryptocurrency exchanges, providing users with seamless access to Centric Rise (CNR) and ample liquidity. A decentralized protocol facilitates the exchange between these tokens, autonomously regulating supply to adapt to shifting demand.
The vision of Centric is to mitigate the most significant impediment to the widespread adoption of cryptocurrencies: price volatility. The Centric Foundation was established to promote the adoption of Centric Rise (CNR) and Centric Swap (CNS), thereby fostering a more inclusive and stable digital economy.
Centric boasts a dual-token paradigm that fosters adoption and achieves long-term stability, courtesy of its self-regulating supply mechanism. The underlying concept is that when a user acquires Centric Swap from a reputable cryptocurrency exchange, they can seamlessly convert it to Centric Rise, thereby benefiting from its hourly appreciation.
This phenomenon gives rise to a perpetual arbitrage opportunity, wherein whenever Centric Rise surpasses Centric Swap in value, users can seamlessly convert CNR back to CNS, thereby capturing the benefits. This innovative dual-token paradigm fosters an environment conducive to a synthetic stable currency, effectively regulating the supply of Centric Rise to propel the market price of Centric Swap towards parity with the US dollar.
Unveiling the Unparalleled Centric Swap Experience
The Centric dual-token model is comprised of two distinct tokens: Centric Rise (CNR) and Centric Swap (CNS), each playing a vital role in the ecosystem.
CNR is pegged to a fixed price and experiences hourly appreciation, whereas CNS is subject to market-driven price fluctuations. Notably, Centric Rise can be seamlessly exchanged for Centric Swap, and vice versa, at any given time.
Holding Centric Rise confers a predetermined hourly yield on investments in Centric Swap, guaranteed by the inherent appreciation of Centric Rise in relation to Centric Swap. The value of CNR is perpetually increasing, as dictated by the Centric protocol, which self-balances every hour, thereby ensuring a consistent price increment. Furthermore, a fixed exchange rate of $1 USD of CNR is always maintained, allowing for seamless conversion of 1 CNS to CNR.
In essence, Centric Rise (CNR) serves as a store of value, facilitates transactions, and boasts a deflationary supply, an inflationary price, and an hourly yield. Meanwhile, Centric Swap (CNS) provides liquidity, is actively traded on exchanges, and features an elastic supply, accompanied by a demand indicator. The Centric Protocol oversees the token exchange, regulates supply, and is distinguished by its immutability, censorship resistance, and independent auditing.
What Is the Circulating Supply of Centric Swap (CNS) Coins?
As of February 2021, Centric Swap (CNS) boasts a circulating supply of 1,726,750,305 CNS, although the maximum supply remains undisclosed at the time of writing.
The Security Architecture of the Centric Swap Network
The Centric Protocol is overseen by the Centric Rise smart contract, a decentralized authority that ensures seamless governance. Notably, CNR and CNS are built upon the BSC blockchain’s BEP20 standard, a testament to their technical prowess.
The Centric Wallet offers a secure and dedicated space for users to store their Centric Rise and Centric Swap tokens, boasting features meticulously crafted to cater to the unique needs of these digital assets.
Where to Acquire Centric Swap (CNS): A Comprehensive Guide
Centric Swap (CNC) is now accessible for buying, trading, and selling on the following esteemed exchanges:
- AscendEX – CNS paired with USDT
- Probit – CNS traded against USDT
- Changelly Pro – CNS paired with BTC
- HitBTC – CNS paired with USDT
- MEXC – CNS paired with USDT
- HotBit – CNS paired with USDT
- PancakeSwap – CNS paired with BNB
- BSC Centric Swap Contract – 0xF6Cb4ad242BaB681EfFc5dE40f7c8FF921a12d63
- Rasta Finance – Rasta paired with CNS
- CroxSwap – CROX paired with CNS
- Bithumb Global – CNS traded against USDT
- Coin Tiger – CNS paired with USDT
If you’re new to the world of cryptocurrency and unsure about the purchasing process, we invite you to explore our comprehensive guide on how to acquire Bitcoin, a valuable resource designed to walk you through every step of the way.
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