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Centric Rise Questions

Centric Rise (CNR) is a deflationary cryptocurrency that goes up slowly in value each hour.

To understand Centric Rise we suggest to first learn the basics of the Centric economy.

Some unique features to the Centric Rise token are;
  • Burn – Critical to the deflationary economic model tokens are burned out of circulation reducing overall supply each hour.
  • Price Blocks – The Centric Foundation monitors network stability, growth, adoption and a number of other core metrics to set future price growth which is focused in the early stages of development on network adoption and incentive.
  • Convert – Allows uses to convert between Centric Rise & Centric Cash tokens.
  • Send & Receive – A stable form of payment to anyone in the world in seconds.
  • Limited Supply – Max supply 1,000,000,000 (1 Billion)
The number of CNR in circulation can only ever decrease. For up to date token metrics view the token metrics.
Burning Centric Rise is an important part of the economic model built into Centric. There are currently two ways Centric Rise is burned.

Centric Rise Contract In order to mint Centric Cash, Centric Rise tokens are held in security. As each hour passes a percentage of Centric Rise held in security is burnt equal to the % hourly change in the price of Centric Rise.

Partners & 3rd Party platforms  When you use or perform certain actions a small percentage of Centric Rise is burned. Centric Foundation negotiates these terms with partners in order to add additional value to the Centric network over time.

View burn history here
The units of Centric Rise decrease over time.
The Centric Foundation tracks a large amount of analytical data and uses this in combination with future forecasting to predict the adoption and growth of the Centric network. Over time we slowly reduce the incentive (monthly growth rate) to join the network which ensures the sustainability of the Centric project long term. Important to this theory is the constant development and adoption of the Centric Rise token and its usability as a global currency long term.
Yes, you can verify the audit here. We have also opened the code, which can be viewed here
Yes, if you buy it from a registered and trusted provider.
Yes with the exception of the following Countries where cryptocurrencies are illegal; All other countries are currently legal to buy, trade and hold cryptocurrencies.
No, the Centric Rise contract forbids the creation of new CNR. Additionally this would destroy the ecosystem we have established over the last few years.
No, the Centric Rise contract enforces a price that only goes up. Additionally this would destroy the ecosystem we have established over the last few years.
A holder of Centric Rise can use the convert function in the Centric Rise contract to convert to Centric Cash tokens allowing them to trade them on exchanges at market price.

It’s important to note that the Centric Cash is permanently pegged at a $1 USD in the Centric Rise contract.

A basic example of how this works, let’s say you have 10x Centric Rise tokens valued at $10 each, totalling $100 USD. You want to convert to Centric Cash

$100 / $1 = 100 Centric Cash Tokens.

It’s important to note that the pegged value isn’t a representation of the market discovery value and what you will be able to sell for. If the Centric Cash token is trading for 20 cents you’ll receive $20 when selling your 100 Centric Cash tokens.

We have no intention of listing Centric Rise on exchanges, if it is listed given the decentralized status we would not be supporting or promoting the exchange. Centric Cash is listed on exchanges.

There are many Centric Rise 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 have a number of ways to purchase Centric Rise, the safest and best way is to purchase Centric Cash from a leading exchange and convert to Centric Rise instantly.
If you are wishing to sell Centric Rise, the safest and best way is to convert to Centric Cash and sell on an exchange that has listed Centric Cash for trading.
Centric Rise is in the very early stages of development and although the token’s value always increases members should be aware that volatility on the Centric Cash price can cause a devaluing of the Centric Network. The easiest way to understand this is when Centric Cash is trading at $1 the market values Centric Rise at 100%. If Centric Cash is trading at 80 cents then there is an implied 20% discount on Centric Rise tokens. This slows selling and creates a 20% bonus for buyers looking to join the Centric Rise network.

It’s reasonable to expect it will take the Centric Foundation years to stabilize the Centric Network.

Related resources

Centric Swap - Convert between Centric Cash (CNS) & Centric Rise (CNR)
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