About Centric Swap
What Is Centric Swap (CNS)? Centric Swap (CNS) was first conceived in December 2017. CNS is a Binance Smart Chain-based token that serves as the Centric Network’s on- and off-ramp. Centric Network itself is a dual-cryptocurrency payment network. CNS can be traded freely on cryptocurrency exchanges and offers users access to Centric Rise (CNR) along with liquidity. A decentralized protocol governs the exchange between these tokens and self-regulates the supply to meet the changes in demand. The vision of Centric is to alleviate what they see as the largest obstacle to the mass adoption of cryptocurrencies, which is price volatility. The Centric Foundation was established to advance the adoption of Centric Rise (CNR) and Centric Swap (CNS). Centric has a dual-token model that rewards adoption and stabilizes over time due to its self-regulating supply. The idea behind the 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 leads to the fact that at every moment when the Centric Rise is worth slightly more 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. What Makes Centric Swap Unique? The two tokens that make up the Centric dual-token model include the Centric Rise (CNR) and the Centric Swap (CNS). CNR trades at a fixed price and has hourly growth, while CNS trades at the price set by the market. At any point in time, Centric Rise can be redeemed for Centric Swap and vice versa. Holding Centric Rise grants a user predetermined hourly earnings on their investment in Centric Swap, ensured by the fact that the value of Centric Rise is constantly increasing in relation to Centric Swap. CNR trades at a predetermined price that is enforced by the Centric protocol and increases every hour when the protocol self-balances. 1 CNS will always convert to CNR at a fixed exchange rate of $1 USD of CNR. In other words, Centric Rise (CNR) stores value, is a transactional currency, has a deflationary supply and an inflationary price and an hourly yield. Centric Swap (CNS) has liquidity, is traded on exchanges, has an elastic supply and a demand indicator. The Centric Protocol governs the token exchange, regulates the supply, is immutable, is censorship-resistant and is independently audited. How Is the Centric Swap Network Secured? 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 where users can store their Centric Rise and Centric Swap. It has features that were specifically designed for these tokens.
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Market Stats
Market Cap
$44,209.07
4.52%
FDV
$158,931.13
Circulating Supply
99,199,000,000 CNS
Max Supply
356,619,374,984.668 CNS
Total Supply
99,199,000,000 CNS
Diluted Valuation
$156,235.00
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$209,767.38
0.03%
Volume (7D)
$1,476,319.40
Volume (30D)
$6,196,580.21
All time high
$0.0185
Overall Price Change (1Y)
-0.87%
Additional info about Centric Swap
Recent trends
The price of Centric Swap has increased by 0.18% in the last hour and increased by 3.55% in the past 24 hours. Centric Swap’s price has also risen by 3.56% in the past week. The current price is $0.00000044 per CNS with a 24-hour trading volume of $209.77K. Currently, Centric Swap is valued at 100.00% below its all time high of $0.0185. This all-time high was the highest price paid for Centric Swap since its launch. The current circulating supply of Centric Swap is 99,199,000,000 CNS which means that Centric Swap has as total market cap of $44,209.07.
Market details
CNS vs markets
↘ 89.84%
CNS vs BTC
↘ 91.61%
CNS vs ETH
↘ 78.21%
Tags
services
collectibles-nfts
defi
yield-farming
+1
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0xF6Cb4ad242BaB681EfFc5dE40f7c8FF921a12d63 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00000044 | ↗ 3.55% |
1 Day | $0.00000043 | ↗ 3.55% |
1 Week | $0.00000043 | ↗ 3.56% |
1 Month | $0.00000059 | ↘ 24.49% |
1 Year | $0.00000335 | ↘ 86.80% |
FAQ
Centric Swap is a blockchain-based protocol that aims to address the price volatility problem of cryptocurrencies. The decentralized model followed by most cryptocurrencies has led the assets to be traded unregulated and hence, prone to manipulation, making demand change a significant factor affecting the price stability of these digital assets. Centric Swap attempts to create a stable scenario for the crypto space to realize the real value of blockchains. The developers of Centric Swap believe that a highly liquid digital asset with better stability and predictable returns forms the basis for the asset to be accepted for its functionality.
Centric Swap uses Centric Rise as its native currency. The CNR (CNR) is traded on the Centric payment network. According to the whitepaper, Centric Rise is to have a stable exchange rate against a commonly accepted traditional currency. Thus, Centric Swap follows a model that is similar to institutionally regulated monetary policy.
Centric Swap (CNS) is the token used by the Centric ecosystem as a common medium of exchange. The token is not similar to any traditional currency or digital asset. Moreover, CNS is also compatible with existing cryptocurrency ecosystems. Thus, the token also provides liquidity for the Centric payment network. The token is developed to provide utility in a bigger ecosystem. Through partnerships and collaborations, Centric Swap aims to create a space where Dapps and services can use the CNS token.
Centric manages the price of CNS so that it increases over time. Using a two-token system, Centric employs autonomous feedback mechanisms to balance demands. The dynamics of this system ensure the rate of return for CNR is maintained; while also assisting in making CNS more stable.
Centric purposes its own blockchain network in the future for more optimal utilization of its services. Centric Ventures is a program that proposes to create an ecosystem using innovation that adds value to the Centric network.
The idea for CNS was conceived in 2017. The dual-token system was adopted in 2021. Centric is led by CEO Joel Clelland, COO Thomas Butcher, and other members. The maximum supply of the CNR currency is fixed at one billion.
We update our Centric Swap to USD currency in real-time. Get the live price of Centric Swap on Coinbase.
The current market cap of Centric Swap is $44.21K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Centric Swap is $0.0185. This all-time high is highest price paid for Centric Swap since it was launched.
Over the last 24 hours, the trading volume of Centric Swap is $209.77K.
Assets that have a similar market cap to Centric Swap include Infinity Games, Coinsbit Token, Hashgard, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Centric Swap is 99 billion.
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Social stats
Popularity in posts
#1370
Contributors
11
Posts
20
% About Centric Swap
0.023%
Hold times
0 days
X (Twitter)
32.95% bullish
Sentiment
4.1 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
11 unique individuals are talking about Centric Swap and it is ranked #1,370 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Centric Swap has an average sentiment score of 81 out of 5. Finally, Centric Swap is becoming less newsworthy, with 0 news articles published about Centric Swap.
On Twitter, people are mostly neutral about Centric Swap. There were 32.95% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Centric Swap. 67.05% of tweets were neutral about Centric Swap. These sentiments are based on 16 tweets.
On Reddit, Centric Swap was mentioned in 1 Reddit posts and there were 1 comments about Centric Swap. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Centric Swap calculator
1 Centric Swap (CNS) to Canadian Dollar (CAD)
CA$0.00000061
1 Centric Swap (CNS) to British Pound (GBP)
£0.00000033
1 Centric Swap (CNS) to Real (BRL)
R$0.00000249
1 Centric Swap (CNS) to Euro (EUR)
€0.00000039
1 Centric Swap (CNS) to Nigerian Naira (NGN)
NGN 0.000708
1 Centric Swap (CNS) to Singapore Dollar (SGD)
S$0.00000058
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.