Centric Swap (CNS): Difference between revisions
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Centric | Centric Swap, hereafter CNS, is a freely traded BEP-20 asset, and is currently running on the Binance Smart Chain. It provides one side of the unique dual-token model of Centric, with on the other hand [[Centric Rise (CNR)]], a token that only grows in value. | ||
The BEP-20 address for CNS is: <code>0xF6Cb4ad242BaB681EfFc5dE40f7c8FF921a12d63</code> | |||
==Supply== | ==Supply== | ||
The supply of CNS is elastic, which means there is no maximum supply. However, a maximum supply at a specific time can be calculated by multiplying the supply of CNR with its price. | The supply of CNS is elastic, which means there is no maximum supply. However, a maximum supply at a specific time can be calculated by multiplying the supply of CNR with its price. | ||
When CNR is swapped for CNS it will be locked down into the [https://centric.wiki/index.php?title=Burning#Centric_Rise_.28CNR.29_Quarantine quarantine] of the CNR contract, and CNS is minted at a rate of 1 CNS per $1 USD worth of CNR that is being swapped. | When CNR is swapped for CNS it will be locked down into the [https://centric.wiki/index.php?title=Burning#Centric_Rise_.28CNR.29_Quarantine quarantine] of the CNR contract, and CNS is minted at a rate of 1 CNS per $1 USD worth of CNR that is being swapped. | ||
<p>The circulating supply can be easily tracked on the [https://explorer. | <p>The circulating supply can be easily tracked on the [https://explorer.centric.com/ Centric Explorer]. | ||
==Value== | ==Value== | ||
Since CNS is designed to be freely traded on major crypto exchanges, its trading price depends on buy and sell orders. However, CNS is pegged to $1 USD worth of CNR, which gives an incentive to buy at a lower price and to sell at a higher price. <br>When CNS is $0.1 on exchanges you will still get its $1 value if you swap for CNR. Therefore, you will get a 10 times higher value in return. | Since CNS is designed to be freely traded on major crypto exchanges, its trading price depends on buy and sell orders. However, CNS is pegged to $1 USD worth of CNR, which gives an incentive to buy at a lower price and to sell at a higher price. <br>When CNS is $0.1 on exchanges, you will still get its $1 value if you swap for CNR. Therefore, you will get a 10 times higher value in return. | ||
==Trading== | ==Trading== | ||
You can change from CNR to CNS and vice versa at any time you want via the [https://wallet. | You can change from CNR to CNS and vice versa at any time you want via the [https://wallet.centricgroup.org/ Centric Wallet] or [https://www.centricswap.com/ Centric Swap]. See the [[Guide:_Converting|Guide: Converting]] to learn more. <br>CNS can be exchanged against multiple pairs like BTC, USDT, BNB and others on exchanges such as [https://www.probit.com/r/93689207 Probit], [https://www.bithumb.pro/ Bithumb Global] and [https://global.bittrex.com/ Bittrex Global].<br>For a full list of exchanges, see the [[List of Exchanges]]. | ||
Latest revision as of 22:16, 17 March 2022
Centric Swap, hereafter CNS, is a freely traded BEP-20 asset, and is currently running on the Binance Smart Chain. It provides one side of the unique dual-token model of Centric, with on the other hand Centric Rise (CNR), a token that only grows in value.
The BEP-20 address for CNS is: 0xF6Cb4ad242BaB681EfFc5dE40f7c8FF921a12d63
Supply
The supply of CNS is elastic, which means there is no maximum supply. However, a maximum supply at a specific time can be calculated by multiplying the supply of CNR with its price. When CNR is swapped for CNS it will be locked down into the quarantine of the CNR contract, and CNS is minted at a rate of 1 CNS per $1 USD worth of CNR that is being swapped.
The circulating supply can be easily tracked on the Centric Explorer.
Value
Since CNS is designed to be freely traded on major crypto exchanges, its trading price depends on buy and sell orders. However, CNS is pegged to $1 USD worth of CNR, which gives an incentive to buy at a lower price and to sell at a higher price.
When CNS is $0.1 on exchanges, you will still get its $1 value if you swap for CNR. Therefore, you will get a 10 times higher value in return.
Trading
You can change from CNR to CNS and vice versa at any time you want via the Centric Wallet or Centric Swap. See the Guide: Converting to learn more.
CNS can be exchanged against multiple pairs like BTC, USDT, BNB and others on exchanges such as Probit, Bithumb Global and Bittrex Global.
For a full list of exchanges, see the List of Exchanges.