Centric Launches New Dual Token Economic Model

Place/Date: London, United Kingdom - January 22nd, 2020 at 7:25 pm UTC · 2 min read
Contact: Hannah Morgan, Source: Centric

Centric is a dual cryptocurrency payment network. The first token, Centric Rise, steadily increases in price hourly, offering a reliable store of value and an incentive to join the network. Centric Cash is pegged to the first token and will freely trade on major cryptocurrency exchanges. The exchange between the two tokens is governed by a decentralized smart contract with immutable price blocks, set one year into the future. In this way, the protocol self-regulates token supply to meet ongoing changes in demand. From a user perspective, Centric is simply a payment network and a reliable store of value.

History is in the making as Centric gets set to launch a new decentralized dual token model designed for mass adoption and utility. Previously, cryptocurrencies have struggled to gain mass adoption due to the volatility in token price.

With the launch anticipated in Q1 of 2020, Centric will increase the demand of the network through the release of new products and partners that contribute directly to the transactional volume.

To learn more about the Centric project, visit our website.

About Centric

Centric is a blockchain-based payment network composed of two distinct tokens that promote stability, an incentive structure for early adopters, and a store of value. The exchange between the two tokens is governed by a decentralized smart contract and a self-regulating protocol.