Where to check CNS and CNR supply and market cap

Where to look

• Metrics on centric.com shows the live supply and market figures for both tokens, read from the Solana blockchain.
• On-chain, you can check each token's total supply on Solscan: CNR and CNS.
• CoinGecko and CoinMarketCap list CNS. They don't list CNR, and the figures they show are for CNS only. See Why CNS looks small on CoinGecko and CoinMarketCap.

The figures change every hour, so this article explains what they mean rather than quoting them.

CNR figures on the Metrics page

• Initial Supply: the 8 billion CNR created when Centric launched on Solana. No more CNR can ever be created: the token's mint authority has been revoked.
• Burnt Supply: CNR destroyed since launch.
• Max Supply: initial supply minus burnt supply. It's the most CNR that exists, and it goes down over time.
• Locked Supply: CNR held by the Centric program. When someone converts CNR to CNS, their CNR moves here, and it backs the CNS in circulation.
• Circulating Supply: max supply minus locked supply.

Why CNR is burned: Each hour the protocol burns CNR held in quarantine as the conversion rate rises, to keep its internal accounts in balance. The burn does not change the CNR in any holder's wallet. (Quarantine is the Locked Supply above.)

CNS figures on the Metrics page

• Circulating Supply: all the CNS that exists right now.
• Max Supply: the CNS that would exist if every CNR were converted at today's rate. It's CNR's max supply multiplied by the current conversion rate, so it isn't a fixed cap. It changes as the rate changes and as CNR is burned.

Why CNS supply goes up and down

CNS has an elastic supply:

• When someone converts CNR to CNS, new CNS is created.
• When someone converts CNS to CNR, that CNS is destroyed.

So the CNS supply rises and falls with conversions. A rise doesn't mean anyone sold, and moving CNS into or out of an exchange or a trading pool doesn't change it. For how the creation works, and who controls it, see Why the CNS contract can mint.

Market cap

• CNS Market Cap is CNS circulating supply × CNS market price. This is the figure CoinGecko and CoinMarketCap show.
• CNS Fully Diluted Market Cap uses the CNS Max Supply above in place of the circulating supply.
• CNR has no market price, because Centric hasn't listed it on any exchange. On the Metrics page, CNR figures use its conversion rate multiplied by the market price of CNS:
  • Value at today's CNS price: one CNR.
  • Circulating CNR at today's CNS price: the circulating supply.
  • All CNR at today's CNS price: the max supply, locked CNR included. Locked CNR backs the CNS in circulation, so this figure covers both tokens together. It's the "Market Cap" shown on the centric.com homepage.