Frequently asked questions

Get fast answers to the most popular questions.​

General Questions & Answers

For a quick high-level overview, watch our 2-minute explainer video.

To dig a little deeper, check out Centric Basics.

For a comprehensive overview, read our White Paper.

Centric (CF International Group Ltd) is registered as a private company in the United Kingdom, with offices in both London and Singapore.

The Centric Foundation is building a global digital currency. It incentivises adoption as an investment today, while tomorrow it will offer a viable alternative to fiat currencies.

The Centric Foundation sets the price of Centric Rise (CNR) through immutable price blocks which increase slightly every hour, locking in the price of the token for the next 60 minutes. The price blocks are programmed up to a year in advance. 

The price of CNS, however, is determined by market demand. In the early stages of establishing the network we expect volatility on secondary markets. 

Looking ahead, once we establish price consensus, increased utility, and significant financial infrastructure, the risk of investing will be significantly reduced. This will likely result in a lower price growth incentive, as the primary use cases will align around operating as a currency.

The Centric Foundation must overcome several challenges to achieve its vision. 

Execution is vital to the success of the project. We emphasize hiring people with proven experience and the ability to execute quickly.

Regulatory uncertainties and financial laws in multiple jurisdictions pose significant risks to all crypto projects, including Centric.

Second-mover advantage means competitors / imitators can gain a competitive edge by learning from the experience of the first-mover (Centric). 

Lack of adoption can cause negative sentiment and cripple the perceived credibility of a project, making it more difficult to scale. 

Security, including the risk of hacking, offers a considerable threat to all cryptocurrency projects. Potential vulnerabilities must be spotted and dispatched quickly by the team. User data must remain sacrosanct.  

In light of the hurdles we have assembled a highly experienced and trusted team of professionals focused on ensuring the success of the Centric project.

Yes, with the exception of the following countries where cryptocurrencies are not legal or have been banned.

The Centric Foundation implements various measures to block users from these countries from accessing Centric’s products and services.

You can find a list of both centralized and decentralized exchanges offering CNS here

If you are holding CNR, you’ll first need to convert it to CNS. You can then sell it on one of the centralized or decentralized exchanges that trade CNS. You can find the current list of exchanges here.

The Centric Foundation was established to advance the adoption of Centric Rise as a viable global currency and we believe the market should be able to hold the team accountable. 

We are working to establish industry-leading standards for reporting and transparency. As we expand our business operations we’ll publish externally audited reports to the community, ensuring open and honest business practices. 

Yes, you have full control over your CNS and CNR tokens and may send them to any BEP-20 supported wallet. A list of supported wallets is available here.

The Centric Foundation must overcome several challenges to achieve its vision. 

Execution is vital to the success of the project. We emphasize hiring people with proven experience and the ability to execute quickly.

Regulatory uncertainties and financial laws in multiple jurisdictions pose significant risks to all crypto projects, including Centric.

Second-mover advantage means competitors / imitators can gain a competitive edge by learning from the experience of the first-mover (Centric). 

Lack of adoption can cause negative sentiment and cripple the perceived credibility of a project, making it more difficult to scale. 

Security, including the risk of hacking, offers a considerable threat to all cryptocurrency projects. Potential vulnerabilities must be spotted and dispatched quickly by the team. User data must remain sacrosanct.  

In light of the hurdles we have assembled a highly experienced and trusted team of professionals focused on ensuring the success of the Centric project.

1. Sustainability
2. Trust & Transparency
3. Innovation

Centric began with these key values at the heart of the project, and they remain indispensable in pursuit of our ambitious goals.

The Centric Foundation currently holds approximately 220 Million CNR (roughly 22% of the available Centric Rise). While the funds are controlled by Centric Foundation, they are not the “personal property” of the officers. Rather, they are for Centric Foundation’s use in funding the growth and success of the project over the coming years for the benefit of all Centric token holders.

Centric Foundation does not have a referral program. However, layer two solutions built on the Centric Network may have referral programs that you can use to gain rewards for sharing Centric with your friends and family. 

Initially, Centric Foundation minted one billion CNR tokens. These units of Centric Rise decrease every hour to offset the increase in value of CNR in relation to CNS. The business models of some of the layer 2 solutions also burn Centric Rise. Over time, this burn will reduce the supply, creating scarcity. There are some key economic reasons why creating a deflationary model was important which we cover in detail here

The Problem

Cryptocurrencies have struggled to achieve mass adoption due to price volatility. In turn, they carry more risk than incentive, leading to slower user adoption and retention.

The Solution

Centric Rise offers a deflationary cryptocurrency that rises in value every hour, providing a compelling incentive to investors combined with the stability necessary to drive utility and adoption.

Yes, eventually. Currently we are focused on developing our core economic model and building protocol consensus.

Should the BSC network ever go down, we will deploy the CNR & CNS tokens onto another proven blockchain and airdrop existing holders.

As a secondary backup and failsafe, we download all Centric transactions and display them on the Centric Explorer. This would allow us to restore “lost” data.

Centric Foundation is growing rapidly and always looking for exceptional talent. If you think you have what it takes to be a part of this amazing team, email your resume and a short intro on why we should hire you.

No. Like any speculative investment, there are always risks, including market conditions and user adoption, which factor into the risk profile of any investment. If you are not comfortable with risk, we highly recommend joining the network in the future, once additional infrastructure is created and the Centric network has been successfully established. 

Current Risk Level: High-Risk 

Last Updated: 18 March 2021

Related resources

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

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Centric Support
Centric Support

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Centric’s blockchain explorer
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