Dear Centric Community,
October was another busy month here at Centric.
It’s always good to stop and smell the roses along the way. (Or pumpkins, depending on where you live!) 🎃
In that spirit, here’s a look back at the October highlights!
As always, thank you for being a valued part of the Centric community!
New Centric Integration
At the tail end of October, we announced a new integration with CoinPayments, a crypto payment service for ecommerce. CoinPayments is similar to MyCryptoCheckout, though more robust, and features integrations with Shopify, Magento, WooCommerce, OpenCart, Zen Cart, and more.
The CENPAY sales team has been hard at work, and select partners closed in October will launch later this month. Stay tuned!
Meanwhile, here’s a look at the partnerships that launched last month.
Cipher Volt / Burn It Down! Pyromaniacs NFT Collection
Centric partnered with the design team behind our official merch provider, Cipher Volt, on an NFT campaign to raise awareness of Centric’s hourly burn. The partnership committed to take the proceeds of the initial sale of the 1000 NFTs, buy Centric Swap (CNS) off the market, convert it to Centric Rise (CNR), and burn it. We held a limited release presale of the first 100 NFTs on October 20th, and they went like hotcakes, with all 100 NFTs selling immediately upon posting. The rest of the collection dropped on October 25th.
How did it go?
While the sale is ongoing, Centric COO Tommy Butcher reported on an AMA held on October 28 that the campaign had so far raised 108.2 BNB, which bought 68.6M CNS off the market. After swapping CNS for CNR, we then burned 403,064 CNR. With approximately 200 NFTs still available for sale, the campaign isn’t over yet. We will continue sharing burn numbers as more NFTs sell.
By the way, Pyromaniacs NFT collection is currently the #1 Top Artist on AirNFTs (and still are at the time of this writing). As AirNFTs explodes to potentially become the top NFT platform on the Binance Smart Chain, Centric is already positioned for visibility via the Pyromaniacs collection.
Asia’s Absolute World chose Centric as their cryptocurrency partner. The week following the announcement, Absolute World offered 100 lucky travelers an incredible 7-night luxury Thailand holiday for only 999 CNR. (Attention Holiday Winners: we can’t wait to see your vacation photos!)
Metrics & Milestones
Centric Rise Growth
CNR’s pre-determined growth rate for October was 16% per the immutable price blocks set by Centric Foundation.
October Starting Price: $149.83
October Closing Price: $173.76
Centric Rise Cumulative Burn
On October 22nd, the cumulative burn of CNR passed the 100,000,000 mark, representing a 10% reduction of the original supply of 1 billion CNR. We closed off October with a total cumulative burn of 102,500,833 CNR.
Unsure of how the burn occurs and why it’s significant? We’ve got you covered.
After crossing 33,000 Centric Wallets in September, we increased to a total of 47,148 in October. On that note, a warm welcome to all our new Centric holders!
CEO Joel Clelland and COO Tommy Butcher capped off the month of October with an AMA on October 28th. If you missed it, here’s a link to the video.
YouTube Content From Our CEO
Throughout October, CEO Joel Clelland continued dropping educational content on his YouTube channel, including this tutorial on How To Buy Centric. 👈 It’s a great video to share with your crypto-noob friends who want to join the Centric network, but aren’t sure where to begin!
Centric Education Series (CES)
For those wishing to see a real-time demonstration of acquiring Centric, Joel continues to run regular webinars.
There’s lots more coming in the 4th quarter, including a bug bounty event for Green House Staking (GHS), and the exciting launch of Centric partner Crypto Donations.
Stay tuned and thanks for reading!
Burning Tokens Every Hour Until CNS reaches $1
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