Centric is a dual-cryptocurrency payment network. It is engineered to achieve a breakthrough as a reliable form of payment. The first token, Centric Rise, is the network's transactional currency - it steadily increases in price hourly in accordance with immutable price blocks set publicly one year in advance. The second token, Centric Cash, is pegged to the first and will freely trade on major cryptocurrency exchanges.
The exchange between the two tokens is governed by a decentralized protocol that self-regulates token supply to meet ongoing changes in demand.
In combination, the two token relationships solve key problems experienced by first-generation cryptocurrency projects. On one hand, it offers a reliable store of value; on the other, it provides an upside incentive to join the network required for mass-adoption.
Centric ICO began on March 14, 2020. The ICO token supply represents 3.6% of the total token supply, so there is a total of 36,000,000 CNR tokens available, for 0.38 USD each. The ICO funding target is 5,000,000 USD, the funding cap is 10,000,000 USD and is expected to end on March 14, 2021, or when the funding cap is reached.
Token Reserve Split (96.4%):