Over the past few weeks, Centric Swap (CNS), a dual token model that offers traders fixed hourly returns (stable over time as it adjusts its supply in response to constant changes), has increased by more than 850 when needed. has risen% and is still around 200% below the previous all-time high (ATH).

TradingView data shows that CNS price has increased since March 9.

CNS / USDT – 4 hour chart | Source: TradingView

The three reasons for the CNS price hike are the expansion of the project’s ecosystem through a partnership, Binance’s $ 1 billion infusion into the DeFi ecosystem on Binance Smart Chain (BSC), and the promise of developments and upcoming announcements from project developers.

Centric expand hEcosystem

Practical acceptance is probably one of the best confirmations for a project, as the utility of the token increases, the price tends to increase, and the project is also given new attention.

In the past few months, the Centric Swap Protocol has signed a number of partnerships with companies such as Tourvest Travel Services and Absolute World that allow CNS to be used as a payment option for travel expenses.

Other important partnerships are a partnership with Goldgenie, who specializes in high-end luxury items such as gold-plated cell phones, and a partnership with a decentralized cross-chain bridge.

Binance Smart Chain invests in CNS

On July 15, Centric Swap migrated from the Tron network to BSC, giving the project access to an active trading community on BSC while helping to increase the visibility and trading volume of the BSC.CNS.

This turned out to be a timely move as Binance recently announced it would invest $ 1 billion in growing the DeFi ecosystem on BSC, of ​​which Centric Swap is now a part.

Investing in protocol and developer incentive programs have become popular in recent months after several projects like Avalance, Fantom, and Terra used this tactic to grow their community and attract customers to their DeFi ecosystem. In either case, this resulted in a dramatic increase in the value of each project’s tokens.

The upcoming announcements pique Centric Swap’s curiosity

Official Twitter account of the project shows that in light of the latest announcements, such as a partnership with Absolute World, the developers at Centric have given many indications of upcoming developments that could inspire and activate community members.

An informed approach is a common marketing tactic in the crypto space, but it remains to be seen whether this will provide a sustainable pump or result in a buy-in.

When a Twitter user suggested that the project was nothing more than a “buy the rumor, sell the truth,” CEO Thomas Butcher rejected it to say There will be a lot more in the development of Centric in the coming months.

“Doesn’t matter, after that we have more news … Let’s see which model we have.”

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