Centric Cash is a cryptocurrency that has been pegged at $1 USD worth of Centric Rise token. It trades on exchanges and acts primarily as an on/off-ramp to the Centric Network. To understand Centric Cash we suggest to first learn the basics of the Centric economy

You can view the current number of circulating CNS on this page.

Centric Cash is minted in exchange for Centric Rise (CNR). The number of circulating Centric Cash is dependent on the number of Centric RIse tokens held in security on the Centric Rise smart contract.

The number of Centric Cash in circulation equals the USD value of Centric Rise held in security ensuring 1 Centric Cash token can always be redeemed for $1USD of Centric Rise. Each hour Centric Rise tokens are burnt in accordance with the above rule to ensure the stability of the network.

The maximum supply of CNS is elastic and governed by the Centric protocol which requires Centric Rise to be held as security at all times on the Centric Rise smart contract ensuring 1 Centric Cash token can always be redeemed for $1USD of Centric Rise.

The maximum supply is therefore based on the total value of Centric Rise.

When a holder of Centric Rise converts to Centric Cash through the convert function on the Centric Rise smart contract new Centric Cash tokens are minted and sent to the holder.

A holder of Centric Cash can claim Centric Rise at a fixed $1 USD value per Centric Cash from the Centric Rise Smart Contract. Once converted the Centric Cash is burned reducing the circulating supply.

Unlike other popular stable cryptocurrencies that hold traditional fiat currencies as collateral Centric Cash uses another cryptocurrency as collateral reducing the number of counterparty risks.

Over time, the Centric protocol works to burn the supply of CNR to match the market capitalization of CNS. Once the market capitalization of CNS is equal to CNR we will have a synthetic stable token.

Yes, you can verify the audit here. We have also opened the code, which can be viewed here

This creates a stable floor and allows the ability for us to burn excess Centric Rise hourly reducing the Centric Rise circulating supply over time.

The officially TRC-20 smart contract address is TMJWuBDvwvcm6QUWXDaC6GqTyq3FgEmWEt

There may be Centric Cash referral programs that are hosted and provided by projects that operate on top of the Centric Network.

Centric Foundation and the core team don’t offer a referral program directly.

You can buy CNS directly from another person you trust or from exchanges. Currently CNS is available on Bittrex Global, Bithumb Global, Coin Tiger, Probit, Oikos.

You can sell CNS directly from another person you trust or on exchanges. Currently CNS is available on Bittrex Global, Bithumb Global, Coin Tiger, Probit, Oikos.

Centric Cash is subject to potential market price volatility, flash crashes and could be highly volatile in the early stages of establishing the Centric Network.

No, you are able to access the convert function outside of Centric Wallet as it’s a publicly accessible function on the Centric Rise contract.

Also available is the fully decentralized Centric Swap tool.