Centric Swap update: CNS Live price, price chart, news and markets

What is Centric Swap (CNS)?

Centric Swap (CNS) is a Binance Smart Chain-based token that acts as the on- and off-ramp for the Centric Network. The Centric Network is a dual-cryptocurrency payment network.

CNS can be freely traded on cryptocurrency exchanges and provides users with access to Centric Rise (CNR) and liquidity. The exchange between these tokens is governed by a decentralized protocol that self-regulates the supply to meet changes in demand.

The vision of Centric is to address the main obstacle to widespread cryptocurrency adoption, which is price volatility. The Centric Foundation was established to promote the adoption of Centric Rise (CNR) and Centric Swap (CNS).

Centric operates on a dual-token model that incentivizes adoption and stabilizes over time through self-regulation of the supply. The concept behind this model is that when a user purchases Centric Swap from a trusted cryptocurrency exchange, they can convert it to Centric Rise and benefit from its hourly growth.

This means that whenever the value of Centric Rise is slightly higher than Centric Swap, the user can convert CNR back to CNS and reap the rewards. This dual-token system creates the conditions for a synthetic stable currency and can regulate the supply of Centric Rise to drive the market price of Centric Swap towards $1.

Centric Swap Leadership

Joel Clelland serves as the CEO of the Centric Foundation and is a member of its board of directors. Joel focuses on investor education and engagement, strategic partnerships, and market cap growth to expedite protocol consensus.

Unique Features of Centric Swap

The Centric dual-token model consists of two tokens: Centric Rise (CNR) and Centric Swap (CNS).

CNR has a fixed price and experiences hourly growth, while CNS is traded at the market price. At any given time, Centric Rise can be exchanged for Centric Swap and vice versa.

Holding Centric Rise provides users with predetermined hourly earnings on their investment in Centric Swap, as the value of Centric Rise constantly increases relative to Centric Swap. CNR trades at a predetermined price enforced by the Centric protocol, which increases every hour during self-balancing. 1 CNS will always convert to CNR at a fixed exchange rate of $1 USD of CNR.

In summary, Centric Rise (CNR) serves as a store of value, a transactional currency, and offers a deflationary supply, an inflationary price, and an hourly yield. Centric Swap (CNS) provides liquidity, is traded on exchanges, has an elastic supply, and serves as a demand indicator. The Centric Protocol governs the token exchange, regulates the supply, is immutable, censorship-resistant, and independently audited.

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Circulating Supply of Centric Swap (CNS) Coins

As of February 2021, there is a circulating supply of 1,726,750,305 CNS. No maximum supply data is currently available.

Security of the Centric Swap Network

The Centric Protocol is governed by the Centric Rise smart contract. CNR and CNS are based on the BSC blockchain's BEP20 standard.

Centric Wallet is available for users to store their Centric Rise and Centric Swap. It offers features specifically designed for these tokens.

Where to Buy Centric Swap (CNS)

Centric Swap (CNC) can be bought, traded, and sold on the following exchanges:

• AscendEX - USDT/CNS
• Probit - CNS/USDT
• Changelly Pro - BTC/CNS
• HitBTC - USDT/CNS
• MEXC - USDT/CNS
• HotBit - USDT/CNS
• PancakeSwap - CNS/BNB
• BSC Centric Swap Contract - 0xF6Cb4ad242BaB681EfFc5dE40f7c8FF921a12d63
• Rasta Finance - Rasta/CNS
• CroxSwap - CROX/CNS
• Bithumb Global - CNS/USDT
• Coin Tiger - USDT/CNS

If you are unsure about how to purchase cryptocurrencies, check out our guide on how to buy Bitcoin .