LONDON, UK / January 28th, 2020 / Centric, a cryptocurrency payment network announces launch with a new dual token economic model which unlock new possibilities to drive blockchain mass adoption.
The Company has developed a dual token ecosystem, the first being Centric Rise, designed to increase steadily in price hourly, offering 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.
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.
Centric will look to enhance the value of the network through the addition of new products and partners that contribute directly to the transactional volume of the network’s currencies.
To learn more about the Centric project, visit www.centric.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