Centric Swap, also known as CNS, is a digital asset that was first envisaged in December 2017. It operates on the Binance Smart Chain and plays a pivotal role in the Centric Network, a dual-cryptocurrency payment system. The network offers a unique dual-token model, featuring Centric Rise (CNR) and Centric Swap (CNS), which aims to combat the issue of price volatility, a significant obstacle to the widespread adoption of cryptocurrencies. The project is managed by the Centric Foundation, which promotes the adoption of its dual tokens.
The Dual-Token Model of Centric Swap
The dual-token model adopted by Centric includes Centric Rise and Centric Swap. With CNS freely traded on crypto exchanges, users get access to CNR and liquidity, thanks to a decentralized protocol governing their exchange while self-regulating the supply to match demand shifts. When users purchase Centric Swap from a reliable crypto exchange, they can convert it to Centric Rise to enjoy its hourly growth.
How Does the Dual-Token System Work?
The dual-token system works in a unique way. When Centric Rise is slightly worth more than Centric Swap, users can convert CNR back to CNS and enjoy the profits. This innovative dual-token system fosters a synthetic stable currency environment and helps regulate Centric Rise's supply to propel Centric Swap's market price towards $1.
Unique Facets of Centric Swap
Centric Swap is unique due to its dual-token model, including Centric Rise (CNR) and Centric Swap (CNS). CNR trades at a fixed price, experiences hourly growth, and can always be redeemed for Centric Swap and vice versa at any point in time. Holding Centric Rise provides users with predetermined hourly earnings on their Centric Swap investment, backed by Centric Rise's growing value relative to Centric Swap. Centric Rise stores value, acts as a transaction currency, has a deflating supply, an inflating price, and an hourly yield. On the other hand, Centric Swap offers liquidity, is traded on exchanges, and features an elastic supply and a demand indicator.
Security of the Centric Swap Network
The security of the Centric Protocol is safeguarded by the Centric Rise smart contract. Both Centric Rise and Cent
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