Date and Time of AMA – October 30, 2020 at 14:00 (UTC+8)
Guests from the Centric Foundation – CEO Gabriella Davis (@GabriellaDavis)
AMA Completed on CoinTiger Community Telegram – https://t.me/cointiger_en
CointTiger AMA Announcement – https://twitter.com/CoinTigerEX/status/1321755626410635265
Wendy Williams:
@gabrielladavis Welcome to CoinTiger!
Let’s roll out CNS AMA right now! Guys, are you all ready?
@gabrielladavis Are you ready for AMA, dear?
Gabriella D:
So ready!
Wendy Williams:
Sure. Ok, let’s come to CNS AMA session 1 now!
AMA Session 1
Group chat will be muted and @CT_Wendy will ask @gabrielladavis some questions about the project for session 1. No reward will be given out this session. Please pay attention as questions & answers raised as they will be related to Session 2 and 3.
Gabriella D:
Let’s do it!!!!!!!!!!
Wendy Williams:
First simple question – Who are you? @gabrielladavis
Gabriella D:
Hi everyone, it’s great to be here! A big thank you to CoinTiger for hosting us.
My name is Gabriella Davis, and I’m the CEO of Centric.
Here at Centric, we believe financial freedom for the next generation can be stable, reliable, trusted, and untethered from existing assets.
Centric’s vision is to be the breakthrough digital currency, widely accepted globally.
It’s an honor to be a part of this amazing and talented team….and to spend part of my day with all of you here today on this exciting AMA!
Wendy Williams:
Thank you for coming to CoinTiger.
Wendy Williams:
What are the basic utilities of CNS?
Gabriella D:
Great question! It gives us the chance to dive right to the heart of the project…
First, let’s make an important distinction. Centric offers TWO tokens: CNS (Centric Cash) and CNR (Centric Rise).
CNS is the only token listed on exchanges. It’s the on/off-ramp for the Centric economy. When an investor wants to participate in the Centric project, they would first buy CNS through CoinTiger or one of the other exchanges. After obtaining CNS, they would want to convert it to Centric Rise ASAP. The reason? The price of Centric Rise increases slightly every hour, and you’ll want to benefit from that hourly yield!
In October, for example, the hourly yield led to 28.5% over the course of the month. Starting in November (and lasting through January 2021), the yield will be 23%. (You can see prices through October 20201 here > www.centric.com/metrics/
Not only is CNS the ticket into the Centric economy, but it’s also the off-ramp. When an investor wants to sell some or all of their Centric holdings, they can convert their CNR to CNS, and sell it on a supported exchange like CoinTiger.
Now here’s the exciting part…
If you buy Centric Cash on November 1st, convert it to Centric Rise, and hold it until the end of the month… you’ll have 23% more CNS than you started with, as a result of the hourly yield. If you bought 10,000 CNS, you would have the equivalent of 12,300 CNS. Of course, as a long-term project with growth every month, it makes sense to buy and hold for longer than a month. (Though of course investors are free to enter and exit as they see fit, and an investor could convert to CNS and sell just a month later).
I know that is a long answer, and a lot of information to take in!
Here’s a link to a 2-minute overview of the Centric project that might help fill in some blanks >
youtu.be/nBulaR-CwJE
Wendy Williams:
Centric offers TWO tokens: CNS (Centric Cash) and CNR (Centric Rise). Wonderful!
Gabriella D:
Exactly!
Wendy Williams:
Do you have any other products in the market which will get linked to CNS? If yes then please tell more about them. @gabrielladavis
Gabriella D:
Yes. We sure do!
We currently have a partnership with the gambling sApp Moolahbet. Players can mine CNR just for playing, then stake the CNR and earn daily dividends.
We’re really excited about our partnership with Crypto Donation, a non-profit that will facilitate donations to charities in cryptocurrency, all tracked and verifiable through the blockchain.
We partnered with Green House Staking, and exciting new DeFi dApp that will be launching soon.
We are starting to work on Centric Business, a platform to allow businesses to accept Centric as a form of payment for goods and services. Centric Business will provide businesses with a Tap and Go unit for customers to pay with their phones. Businesses will benefit from super-low transaction fees.
Thank you for your patience, my message wouldn’t send!
Wendy Williams:
You are welcome, dear.
Wendy Williams:
CNS token is based on which blockchain? How do you plan to scale things further via it?
Gabriella D:
Centric is currently deployed on the TRON blockchain. We chose TRON as they offer lightning-fast transactions combined with extremely low transaction fees and advanced security.
TRON offers plenty of room for growth for us at the time being. However, the Centric Roadmap includes plans for creating a native, decentralized blockchain. That is still several months down the road; we are only in the early stages of development.
Wendy Williams:
Thank you so much for answering questions for CNS AMA Session 1 @gabrielladavis
Gabriella D:
‘Twas a blast
Wendy Williams:
Make sure to have a look at the Centric Basics > www.centric.com/basics/
Wendy Williams:
Yes, let’s forward to CNS ama session 2
Gabriella D:
Thank you, friend!
Wendy Williams:
AMA Session 2
We’ll unmute the chat for 1-2 minutes for open questions. @gabrielladavis will pick what questions to answer, those who raised 5 best questions will share 160,000 #CNS.
Gabriella D:
Woot woot!!
Wendy Williams:
Here we go for questions in CNS ama session 2.
Gabriella D:
Let’s do it….. May the best questions win.
Wendy Williams:
Thank you guys so much for your questions!!!
Now, I will count down to 5 for the next session.
5, 4, 3, 2, 1
Thank you guys for soooooooo MANY great questions about CNS!!!
@gabrielladavis it is your turn to pick 5 best questions from different people to answer.
Gabriella D:
YES, thank you, everyone! Wow, wow, wow!
Sounds good! Working on this now.
Q1 Nguyen An:
As you know, many people judge a Project By the Token price, What do you have to say to investors? What’s the plan to increase the Token Demand?
Gabriella D:
Thanks, we understand that concern.
Centric is and always has been, a project with a long-term focus, and we aren’t focused on token price at all. We are still in the very early days of this project and have been listed on exchanges for only 3 months.
Investors should be aware that we are executing our roadmap exactly as promised and hopefully see the current price as a great opportunity to buy into our vision. As we move forward our plan to increase adoption and token demand centers around growing the utility of the token through partnerships and growing awareness through marketing.
Gabriella D:
Very good questions to pick from, thank you community!
Wendy Williams:
Sure, take your time.
Gabriella D:
Thank you <3
Q2 Harley Sharman:
Crypto is full of scams how will adopters know and be sure CNS is not one of those?
Gabriella D:
Centric has a long history of proving to the community it’s here to stay and deliver its road map. The project was started in early 2018 and has gone through many changes as it keeps evolving. At each of these upgrades and changes to building towards our vision, we have never diluted investors or changed the goalposts. We’ll continue to do this in the years to come as we get stronger. Our focus has always been on achieving a viable global cryptocurrency and this mission is worth the long hard road to achieve it.
Q3 Suman Shel:
I want to have a LONG TERM INVESTMENT with this PROJECT, but I’m in doubts right now, how can you convince and assure me this project is SAFE and PROFITABLE?
Gabriella D:
Thank you for the frank question!
I can assure you, as we’ve been saying, Centric is a long-term project for us, too. We already have a proven track record of delivering on our roadmap, and we plan to keep on doing just that.
No project or investment is completely risk-free. However, the ongoing yield of Centric Rise provides a hedge against market volatility. Combined with the talented and dedicated team behind this project, and the governance of the Centric Foundation, I believe Centric will be a long-term win.
Wendy Williams:
Yes, words from most users. Sounds great!
@gabrielladavis how about 3rd answers?
Q4 Amberfoodie (Read bio):
Can you tell us the motivation and benefits for investors to hold the $CNS for the long term? What are the team’s plans to make $CNS a top project?
Gabriella D:
Great question! Centric Rise (CNR) is specifically the token to hold. In fact, 98% of Centric investors have their holdings in CNR. The reason? Of course, it’s the hourly yield of CNR that we’ve been discussing today.
Our plans for Centric to breakthrough as a top project include continuing to consistently deliver on the milestones of our roadmap, while forming partnerships to increase utility, along with marketing, and sharing the Centric vision with new audiences like we are doing today. We are also putting together robust governance documentation for the Centric Foundation, to ensure solid grounding for the project in the years and even decades to come.
Q5 Md Tanbir:
How have you been able to survive this longest bear market and continue building and developing? Because many projects have died out in this time period.
Gabriella D:
Fabulous question! I think our greatest strengths through this time have been our unwavering commitment to our vision, our transparency, and our dedicated team. We have always been focused on long term fundamentals rather than hype or quick wins.
Additionally, our community members—including many who have been with us for over two years—have been a massive driver and contributor to our success and our ability to keep going. We can’t thank them enough.
If you are reading this and aren’t part of our amazing community yet….we look forward to welcoming you!
Wendy Williams:
@gabrielladavis Thank you for really wonderful answers for CNS AMA Session 2!
Wendy Williams:
@gabrielladavis Thank you for joining us on CoinTiger today too. CNS to the Moon!
Let’s follow CNS on their official Twitter guys – twitter.com/JoinCentricApp
Gabriella D:
Thank you so very much! What an absolute pleasure it’s been.
Thank you~~ ahhh, what fun. Please invite us back soon!
Such great hosts, and community.
Wendy Williams:
Sure, it is CoinTiger’s honor to invite CSN to share its latest news today.
Let’s move forward to CNS AMA session 3 right now.
AMA Session 3
We’ll ask 5 multiple-choice questions in the chatroom via MCQ bot. You can answer once every question in this chat. The first 3 people who answer correctly on a question will get rewards. A total of 290,000 #CNS will be given away!
Gabriella D:
How FUN!
Wendy Williams: Q1 – What is CNS standard term?
Correct Answer: Centric Cash
1 – Ashish
2 – ZenDaYa
3 – Kimmese
Congratulations to the Winners!!
Wendy Williams: Q2 – What is the CNS standard term?
Correct Answer: All of the above
1 – RedZZ
2 – ZenDaYa
3 – Suraj
Congratulations To the Winners!!
Wendy Williams: Q3 – What CNS trading pairs are available on CoinTiger?
Correct Answer: CNS/USDT
1 – Gazi Jahid
2 – Hermawan
3 – Mr Lion King
Congratulations To the Winners!!
Wendy Williams: Q4 – How much interest can you earn per year by holding your CNS?
Correct Answer: 741%
1 – Hasib
2 – Green Dragon
3 – Ken Minh
Congratulations To the Winners!!
Wendy Williams:
Make sure to check out the monthly update video for our centric community > youtu.be/vpKMFqSpACc
Ok, only 1 question left in Session 3.
Now, I will count down 5 number for the LAST question for CNS AMA Session 3.
J:
I have a question and believe it has been said that the team will entail us as to why the team chose CENTRIC as the name after a change from UpStake?
Is this where to ask?
Mehedi Hassan:
I mean does CNS have no telegram group?
Gabriella D:
To answer your question J, we want to bring people around the world together and Centric’s vision is to have a borderless, global cryptocurrency used around the world. The name Centric was chosen because of the centralized nature of the project. We believe one of the key factors to our future success will be this centralized aspect i.e. the ability for the Centric Foundation to manage the growth rate of the Centric economy much like a Central bank. We thought it best to address our small amount of centralization head-on by calling ourselves Centric.
And yes Mehedi Hassan, come join the fun here > CentricChat
Wendy Williams:
Guys, let say sth about CNS, what you want to say on CNS, let’s tag @gabrielladavis, and start now
Gabriella D:
Oooooof, let’s do it. Speak your mind, i want to hear it all.
Mehedi Hassan:
@gabrielladavis we need a separate community for bangladeshi..
Gabriella D:
Noted
Ola Berry:
@gabrielladavis I love the project, if truly everything as said will be put in place and followed till they are all accomplished.
Gabriella D:
Thank you! We cherish you and appreciate your support.
Hernán:
@gabrielladavis let’s keep centric going forward, never stop till centric became the best global cryptocurrency
Gabriella D:
Sir yes sir. That’s the goal!
TheKdCing:
Centric will change the face of the crypto world!!
Gabriella D:
Let’s do it. We need your help! Thank you for your support.
TheKdCing:
I am always here from starting
Gabriella D:
Thank you. It’s just the beginning of our journey. Centric on the rise!
Wendy Williams:
Guys, I will now count down to 5 for the last question. Are you ready?
5, 4, 3, 2, 1
Wendy Williams: Q5 – What is the main CNS community hashtag and cashtag?
Correct Answer : #Centric #CNR #CNS $CNR $CNS
1 – ZenDaYa |
2 – Gazi Jahid
3 – Ola
Congratulations To Winners!!
Wendy Williams:
@gabrielladavis Thank you so much for coming to the CoinTiger community with all of us, hope CNS to the MOON
Gabriella D:
Thank you again, have a great day everyone! Sending light and love your way! Be sure to visit centric.com or visit our Centric telegram chat to continue the fun. All good things!
Wendy Williams:
Our honor, dear!
Centric Swap (CNS) is available at the following exchanges.
Decentralized
Multi-chain DEx
Decentralized
CNS/BNB
For more information read the getting started guide.
