LONDON, UK / January 28th, 2020 / Centric, a simple yet powerful new cryptocurrency payment network gets set to launch a new dual token, with a vision of limiting industry volatility and providing users with a reliable store of value.
The project aims to build a trading platform and is supported, among others by billionaire VC fund Tim Draper.
The Centric White Paper is impressive and looks to have cracked the cryptocurrency adoption code. The dual token structure created by the Company introduces Centric Rise, which is steadily increasing hourly in price, will help offer a reliable store of value and an incentive to join the network for users globally. The second token, Centric Cash, is pegged to the first token and will freely trade on major cryptocurrency exchanges. From a user perspective, Centric is simply a payment network and a reliable store of value
The trade between the two tokens is regulated by a decentralized smart contract with unchanging price blocks, set one year into the future. In this way, the token supply is self-regulated by the protocol to meet ongoing demand changes.
To learn more about the Centric project, visit www.joincentric.com
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.
Media Contact: Hannah Morgan
Location: London, United Kingdom