bringing stability to cryptocurrency
TRANSCRIPT
www.centric.com
Bringing Stability to Cryptocurrency
Important Disclaimer: The Centric protocol is in the early stages of establishing network consensus. During this period, Centric is highly volatile and users should trade and interact with the protocol with caution. Seek independent financial advice from a licensed financial expert.
www.centric.com
A decentralized protocol governs the exchange between Centric Rise (CNR) and Centric Swap (CNS) and regulates supply to correspond with demand.
Centric's flagship, Centric Rise, stands as the network's transactional currency. The protocol updates CNR’s price every hour via immutable price blocks published to the blockchain one year in advance by the Centric Foundation. The rising price of CNR provides an incentive for early adopters to join—and stay—in the network.
Centric Swap serves as the network's on/off-ramp. CNS trades freely on cryptocurrency exchanges, providing access to CNR along with liquidity.
Centric Foundation establishes partnerships with businesses, dApps, and other third-party service providers to drive utility and adoption.
An innovative cryptocurrency built on sound economics, Centric offers a blockchain-based currency programmed to reach protocol consensus and unlock global utility.
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www.centric.com
Historical ContextIn the wake of the 2008 global financial crisis, Bitcoin launched on the 3rd of January 2009.
In the following years, BTC and other cryptocurrencies exploded in popularity, bringing the promise of decentralized, borderless, and permissionless currency. Over a decade later, most crypto, including BTC, remains highly speculative and highly volatile, hindering its adoption as a means of purchasing goods and services.
As globalization continues, the case for a global currency grows increasingly stronger.
Centric’s vision is to be the breakthrough digital currency, accepted globally.
Decentralized, borderless, and permissionless is only the beginning.
Centric will be stable, reliable, trusted and untethered from existing assets.
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Emerging market and tech create a Wild West of finance.
Thousands of tokens available; a mix of “real” projects, novelties (eg., meme coins), and outright scams.
Harmful “Pump & Dump” mentality prevails.
The Result?
Extreme volatility continues to hamper crypto’s adoption as a medium of exchange.
Today’s Crypto Landscape
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Centric In the Crypto Marketplace
CNS is traded on exchanges, subject to market conditions.CNR holders gain non-speculative growth in market share...every hour.
Bitcoin &
AltcoinsStablecoins
Potential Upside
Price Volatility
Price Stability
Low / No Upside
Potential
CNS
CNR
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ChallengeExtreme volatility hinders cryptocurrency’s adoption as a viable medium of exchange at scale.
Most cryptocurrencies operate more like traditional stocks/shares in a company, rather than as true currencies.
Passive holders lose market share over time.
Stablecoins offer a store of value, but little incentive to hold or spend when compared to fiat.
Controversy about backing and collateralization surrounds even the post popular stablecoin (Tether / USDT).
Opportunity
Global CurrencySwap / Trade
Bitcoin initially kindled hope for a digital currency decoupled from government.
No clear front runner leveraging blockchain for a global currency untethered from government or existing assets.
CNR offers hourly increases in market share, creating a compelling incentive for investors to join while utility builds.
Centric’s protocol is designed to eventually stabilize Centric Swap at 1 USD (“protocol consensus”).
Protocol consensus unlocks the full “face value” of CNR and drives widespread utility.
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What Makes Centric Unique?
Every hour, CNR holders are guaranteed increased market share.
Centric will solve real problems with real utility.
Centric Protocol is already deployed and working.
The protocol is designed for Centric Swap to reach a dollar. CNR’s hourly burn ensures it.
Centric Foundation’s vision, strategy, and team is aligned for a sole purpose:
Adoption of Centric as a global currency.
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Supply Is Forced to Meet Demand… The Centric protocol regulates the Centric economy. The Centric Foundation sets the CNR price yearly in advance. The market values the ecosystem by trading CNS which provides on demand liquidity to CNR holders.
Centric Rise increases slightly in face value every hour
Deflation regulates the supply, balancing the value creation based on network adoption
and consensus
The more Centric Cash minted, the faster Centric Rise burns
forcing value consensus
As the CNR price increases each hour, the excess CNR held by the Centric protocol is burned, reducing the supply.
Inflation Burn Deflation
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Centric Rise Price Blocks Explained
Price Block Number: 455,840
1st Jan 2022 16:00 UTC
1st JAN 2022 15:00 UTC
$229.97004
455,839
Block Number
$230.01324
Price Block Number: 455,841
1st Jan 2022 17:00 UTC
Price Block Number: 455,842
1st Jan 2022 18:00 UTC
Price Block Number: 455,843
1st Jan 2022 19:00 UTC
Price blocks are written to the Centric protocol yearly in advance by the Centric Foundation. Once a price block is created it can’t be edited or removed.
$230.05646
$230.09968
$230.14291https://explorer.centric.com/data/prices
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CNR Face ValueCNS Trading Price
Centric Rise (CNR)Centric Rise slowly increases in value each hour providing stability and predictability.
Centric Swap (CNS)Centric Swap freely trades on external exchanges which provides liquidity on demand to the Centric ecosystem.
$150.25
$1.00
Centric Dual Token Economy
Centric Convert FunctionConversion between the two tokens is fast and censorship resistant, allowing users an on/off-ramp with liquidity markets.
Protocol Peg
Protocol Value
0
2.5
5
7.5
10
TimeCirculating CNR
Valu
e
Centric Economy Graph
1 Billion
Target Price ~ $1 USD
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The Centric Network
CENTRICECOSYSTEMPartners
Exchanges
Supported Wallets
Binance Smart Chain
(BSC)
Centric Native Tools
Rasta Finance
Green House Staking
Cipher Volt
Crypto Donations
CroxSwap
Moolah.Bet
MyCrypto Checkout
CenPay
Centric Web
Wallet
Centric Mobile Wallet
Centric Swap Tool
AscendEX
Pancake Swap
Bithumb Global
Changelly Pro
RastaFinance
MEXC
CoinTiger
ProBit
HitBTC
SafePal
Binance Chain Wallet
Token Pocket
Math Wallet
MetaMask
Ledger Nano S + X
Klever
Trust Wallet
Ellipal Titan
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Centric Key Assets
‣ BEP-20 token
‣ 1 Billion max supply
‣ Protocol value increases hourly
‣ Deflationary economic model
Centric Rise
‣ BEP-20 token
‣ Elastic supply
‣ Listed on 10+ trusted external exchanges (CEX / DEX)
‣ Access to liquidity markets
Centric Swap
‣ Send > Receive > Convert
‣ User friendly, secure
‣ Centric native experience
‣ CenPay Integration
‣ 24/7 customer support
Centric Wallet
‣ Decentralized application
‣ Censorship resistant
‣ CNS/CNR - CNR/CNS
Centric Swap Tool
$CNR $CNS centric.com centricswap.com
To view the live metrics visit explorer.centric.com
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Binance Smart Chain Centric Rise (CNR) Centric Swap (CNS)Low transaction cost (~$0.07) 1 Billion Max Supply Elastic Supply*
Thriving blockchain with partnership opportunities
Digital Currency / Face value increases
Freely traded on external exchanges (Protocol Enforced Peg @ $1.00 USD)
60 TPS (Transactions per second) Externally Audited and Verified Externally Audited and Verified
Lightning fast transfer speeds (~3 seconds) Cumulative economic burn model Regulated by Centric Protocol
Centric
*Elastic supply is regulated by the Centric Rise in circulation.
Dual BEP-20 Smart Contracts
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Spotlight on Key Centric Partners
www.cryptodonations.com www.rasta.finance.com www.moolah.bet www.greenhousestaking.io
• A non-profit created to facilitatedonations to charities in cryptocurrency.
• All donations converted to CNR, and either time-locked, or instantly released to the charity.
• 100% passthrough, less nominal fees to cover blockchain expenses.
• Full transparency and accountability as all transactions remain viewable on chain.
• DeFi Staking Community
• Centric and Rasta Finance agreed to add respective tokens to a CNS / Rasta Liquidity Pool, and to contribute liquidity provider rewards back to the pool.
• CNR and CNS featured throughout the Rasta Finance platform.
• Trading, liquidity, staking, farming.
• A provably fair, open e-gaming platform.
• Win or lose, players receive CNR rewards for every wager.
• Players may stake CNR to receive additional rewards.
• A decentralized, autonomous and immutable “proof of hold” staking application.
• Users stake CNR to hourglass contract (10% fee for both staking and unstaking).
• A percent of all fees is distributed to stakers to grow their holdings.
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Centric will achieve protocol consensus when the market values each CNR at its full face value in USD. Practically, this means CNS is consistently trading on exchanges at $1 USD.
E.g., let’s say CNR’s price (determined by the price blocks) is $250. Per the protocol, it will require 250 CNS tokens per CNR. When CNS is trading at $1.00, it will cost $250 to purchase 1 CNR. Likewise, 1 CNR could be sold for $250 by minted 250 CNS and selling on exchanges.
How will Centric reach Protocol Consensus?
CNR burns every hour, reducing the supply.
The early adopter incentives decrease over time.
Centric wallet holders increase month after month, indicating new investors coming into the network.
Centric team increase awareness, visibility, and demand through marketing, utility, and partnerships.
Eventually, the dwindling supply of CNR will meet the market demand. Once the CNS target price of $1.00 is reached, a price above $1.00 will entice investors to sell, bringing the price back down. A CNS price under $1.00 will attract investors to buy the undervalued asset, driving the price back up.
Protocol Consensus
$1
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www.centric.com
Learn More About the Centric ProjectThe Centric Foundation was established to drive user adoption, maintain the highest regulatory standards, and
ensure Centric achieves its short, medium and long-term infrastructure goals.
WhitepaperGain a detailed
understanding of the Centric project
Legal Opinion Provided to
exchanges outlining the legal status of
Centric
Centric AuditsExternally audited
and reviewed by leading blockchain security firm, iosiro
Social Media
Join our growing community
External exchanges, government regulators and institutional investors can request further information by writing to us at [email protected]
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