The world’s first dual cryptocurrency payment network, Centric, will have its key value and liquidity storage token Centric Cash (CNS) listed on ProBit Exchange on July 28 at 11:00 KST for trading against three markets including KRW, USDT, and BTC.
A trading competition will also run from the onset of trading with a prize pool of 150,000 CNS.
Centric is the world's first dual-cryptocurrency payment network that implements features including a decentralized protocol that self-regulates token supply to maintain optimum supply. The combination of the two tokens Centric Cash and Centric Rise offers a reliable store of value and an upside incentive to join the network required for mass-adoption.
Centric Cash is a cryptocurrency that has been pegged at $1 USD worth of Centric Rise token in order to provide a strong foundation and flexibility in burning mechanisms to deftly balance supply and demand through optimum circulating supply. Centric Cash provides stable value and liquidity as opposed to other models that rely on physical/financial asset backing and acts as the gateway into the Centric ecosystem.
Centric Cash can be converted for Centric Rise with ease on Tron Network with the first few transactions processed without any transaction fees. All Centric Cash tokens that are converted in this manner to acquire Rise are immediately burned to maintain circulating supply.
As a deflationary commodity, Centric Rise’s hourly increases and continually diminishing supply will effectively accelerate adoption as lower initial holdings across the board will exponentially increase returns for early-stage investors. The monthly growth rate is carefully monitored to meet the current market conditions and provide long-term value for holders.
The cohesive dynamics between Centric Rise and Centric Cash provide consistent liquidity and opportunities due to its built-in interchangeability between the two, allowing holders to essentially capitalize on the growth of both tokens. Centric Cash maintains a key role of immediate liquidity as it will be soon traded among many of the top exchanges including ProBit Exchange.
Centric is a web 3.0-based payment network composed of two digital tokens that promote stability, incentivize structure for early adopters, and safely store value. The exchange between the two tokens is governed by a decentralized smart contract and a self-regulating protocol.
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 500 trading pairs - one of the highest in the market.
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