Frequently Asked Questions

Get fast answers to the most popular questions

General Questions & Answers

General Q&A will focus on less specific products or services and cover a more generalized topic range about the Centric project.

Centric (The Centric Corp Ltd) is registered as a private company in the United Kingdom. With offices in London & Singapore.
At a high-level, the Centric Foundation is building a digital currency. Centric Rise is the core focus and the primary incentive to join the network early. Long term as utility and buying power is established the incentive will be slowly reduced ensuring sustainability across the network.
With the introduction of Blockchain technology and mainstream awareness over the last few years, we have unlocked the ability to achieve universal consensus. With that, we created price blocks, these are USD set price blocks which update each hour, yearly in advance. They lock the price of each Centric Rise token for that hour.

In the early stages of establishing the network its expected we’ll see volatility on secondary markets. As supply vs demand becomes more aligned over time this will stabilize and the pricing consensus will be undisputed. Similar to how today we all agree $100 banknotes are worth $100 and it would be unlikely anyone would be selling $100 banknotes on a secondary market like eBay for $60.

Once we achieve price consensus, utility, financial infrastructure, and trust. It would be logical to assume that the risks are dramatically reduced which would result in a lower price growth incentive offered as the primary use case would shift to a better money.
There are significant risks that the Centric Foundation will need to overcome in order to be successful, these are;

Execution is vital to the success of the project, we place a heavy focus on hiring people with proven experience in their ability to execute quickly.

Regulatory uncertainties and financial laws in multiple jurisdictions pose significant risks to all crypto projects including the Centric project.

1st mover advantage can give competitors a powerful advantage, learning from potential mistakes we make.

Lack of adoption will significantly cripple the overall credibility of the project and cause negative sentiment which will make it challenging for the project to achieve mass adoption.

Security plays a key department in all cryptocurrency projects and poses a large risk if not carefully managed by the team in control of keys or user’s personal data.

We believe we have a highly experienced and trusted team of professionals who are focused on ensuring the success of the Centric project.
Yes with the exception of the following Countries where cryptocurrencies are illegal; The Centric Website, wallet and other services are not available to residences of these Countries. The Centric Foundation takes a number of steps to block these Countries from our products and services.
You can buy Centric Rise directly from another person you trust or buy Centric Cash on an exchange and use the convert function on the Centric Rise Smart contract to swap it to Centric Rise.
You can sell Centric Rise to another person directly or use the convert function on the Centric Rise Smart contract to swap to Centric Cash and sell on an exchange.
We take internal governance very seriously and are working on establishing the highest standards for reporting and transparency. As we establish a more sophisticated level of business operations we’ll publish externally audited reports to the community ensuring open and honest business practices. The Centric Foundation was established to advance the adoption of the Centric Rise and we believe the market should be able to hold the team accountable.
Yes, once live you will have full control over your Centric Rise and Cash tokens and be able to send them to any TRC-20 supported wallet. A list of supported wallets will be available here.

Execution is vital to the success of the project, we place a heavy focus on hiring people with proven experience in their ability to execute quickly.

Regulatory uncertainties and financial laws in multiple jurisdictions pose significant risks to all crypto projects including the Centric project. 

1st mover advantage can give competitors a powerful advantage, learning from potential mistakes we make.

Lack of adoption will significantly cripple the overall credibility of the project and cause negative sentiment which will make it challenging for the project to achieve mass adoption. 

Security plays a key department in all cryptocurrency projects and poses a large risk if not carefully managed by the team in control of keys or user’s personal data. 

We believe we have a highly experienced and trusted team of professionals who are focused on ensuring the success of the Centric project.       

1. Sustainability
2. Trust & Transparency
3. Innovation

The project was created on these key values and we believe they will be important to the success of the project and achieving our ambitious goals.
The Centric Foundation currently holds 26% (260 Million Centric Rise) and will use these tokens to fund the growth and success of the project over the coming years.

Centric Foundation doesn’t have a referral program but layer two solutions built on the Centric Network do have referral programs that you can use to gain rewards for sharing Centric to your friends & family.
Initially, 1 Billion tokens were minted. Some layer 2 solutions have a business model to burn Centric Rise. This overtime will reduce the supply and create scarcity. There is some key economic reasons why creating a deflationary model was important which we cover in detail here
The Problem
Cryptocurrencies have struggled to achieve mass adoption because of price volatility. In turn, they carry more risk than an incentive, leading them to struggle with user adoption and retention.

The Solution
Centric Rise is a deflationary cryptocurrency that rises in value every hour, providing a compelling incentive to investors and the stability necessary to drive utility and adoption.
We decided to move from the Ethereum blockchain for the following reasons;

  • Speed TPS: 2,000+
  • Cost Per Transaction: <0.1 cent
  • Confirmation Time: 3-4 Seconds
  • Security: Tron provides a more rigorous verification process that prevents phishing attacks.
Yes, we are focused on launching our own blockchain in 2021.
We will deploy the Centric Rise & Cash tokens onto another blockchain and airdrop existing holders.

As a secondary backup and failsafe we download all Centric transactions and display them on the Centric Explorer.
Centric Foundation is rapidly growing and always looking for exceptional talent, reach out with your resume and short intro on why we should hire you to careers@centricfoundation.com
Yes, absolutely. Like any speculative investment, there are always risks, market conditions and user adoption which play a key factor in any return on investment. If you are not looking to take any risk we highly recommend joining the network in the future once the additional infrastructure is created and the Centric network has been successfully established.

Current Risk Level: High-Risk 

Last Updated: 29 January 2020
Create a free Centric Wallet account and click the Buy icon. This will show you a list of exchanges and OTC sellers that you’ll easily be able to purchase Centric Cash. Once you buy Centric Cash you’ll want to convert it to Centric Rise in order to start generating value each hour as the price increases.