Connect with us

Hot Projects

Centric : The Dual Currency Payment Network. You’ve seen it everywhere, but what is it?

rss

Centric employs a novel Proof of Burn mechanism for its dual currency payment network.

centric

Centric is the world’s first dual-cryptocurrency network. Its innovative and unique concept is engineered to achieve a major breakthrough as a reliable form of payment.

Being a Blockchain-based payment network, Centric is comprised of two distinct tokens that facilitate stability, a formidable incentive structure, and a store of value for early adopters. The exchange between its two tokens is piloted by a decentralized smart contract and autonomously regulating protocol.

Here is Why Centric is Different:

The first token, Centric Rise $CNR is the network’s transactional currency – it steadily increases in price hourly in accordance with immutable price blocks set publicly one year in advance. The second token, Centric Cash $CNS is pegged to the first and will freely trade on major cryptocurrency exchanges.

centric

The exchange between the two tokens is governed by a decentralized protocol that self-regulates token supply to meet ongoing changes in demand.

In combination, the two token relationships solves key problems experienced by first-generation cryptocurrency projects. On one hand, it offers a reliable store of value; on the other, it provides an upside incentive for early adopters to join the network.


Fundamentals:

1. Innovative economic model.

2. Externally audited and verified.

3. Decentralized global currency with a solid incentive model.

4. Sustainable, with an exciting long term road map.


Proof of Burn :


Supply, is forced to meet demand…

The fully decentralized Centric protocol regulates the Centric dual token economy, the foundation sets the $CNR price yearly in advance, the market values the ecosystem trading $CNS which provides on demand liquidity to $CNR holders.

  • Centric Rise Price increases every hour.
  • The more Centric Cash minted the faster Centric Rise burns.
  • The number of Centric Rise in circulation can only reduce.
centric
Centric Rise | Centric Cash

Centric motivates Market Stability

Stability in tough times is rare, especially with volatile markets. But Centric Cash promises stability. Because when the price of Centric Cash moves away from its target price in the short-run, the structure schematically reduces the force of instability. If the price of Centric Cash goes above $ 1.00 a notification is popped for liquidating which will automatically pull down the price to the targeted one. The advance setting of the market price of Centric Rise makes the future value known factoring in little deviations and self-adjusting mechanisms to handle aberrations.

Centric stimulates better Adoption

The token is designed with a principle: the more the adoptions, the faster the centric tokens are burned out of circulation. The Centric think tank is vigilant about the trade to immediately burn tokens when the investor base increases. Centric Rise is not governed by the whims of the market because the token has an infused element of tackling volatility. It is very different from other cryptos because its price is immutable and it is not minted until it is exchanged as a smart contract. Value storage and liquidation go hand in hand with such an advantage.

centric

Centric enhances Predictability

Believe it or not, the Centric Rise token price is predictable. Every hour the price increases in value which is published to the blockchain a year in advance. This is a great incentive for investors to join early when financial structures can be established. Click to find future prices.

centric
centric centricCNS Listing on Bittrex Global Coming Soon

Centric encourages Price Stability

Centric has formulated the dual token system to mitigate volatility hence it has inculcated the concept in its design, rather than doing it superficially. What it does is that it allows the price to go up in a specified manner with an immutable protocol that has instant reactions to real-time demand and supply. The two classes of tokens balance aggregate demand with a feedback structure. It combines external factors and the internal dynamics of the two-token system to maintain the ‘fixed’ rate of Centric Rise. No other cryptocurrencies can do that, as mentioned previously, it is in the design of Centric to curb volatility.

centric
Centric Listing Schedule

Centric Cash (CNS), the publicly traded cryptocurrency, will be listing on Bithumb Global, CoinTiger, Probit, OIKOS, anc Centric Swap on July 28th, 2020.

Announcement – Bithumb Global support
Listing Details:


Deposits will be available : July 28, 2020 at 10:00(UTC+8)  Deposit here >>

Trading will be available : July 28, 2020 at 17:00(UTC+8)  Trading here >>

Trading Pair:CNS/BTC | CNS/USDT


Official Website: www.joincentric.com

Whitepaper: https://www.joincentric.com/docs/Centric_Whitepaper.pdf


DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch


Facebooktwitterredditlinkedinmail
rss
Continue Reading
4 Comments

4 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Hot Projects

Deriswap: What you Need to Know

deriswap
rss

Deriswap launched defi legend Andre Cronje – the founder of Yearn Finance

The founder of the revolutionary DeFi protocol Yearn. Finance, Andre Cronje has been an avid crypto promoter. In his attempt to bring products that will redefine the industry, Andre Cronje has introduced a new project.

Dubbed Deriswap, the new protocol will meld the different segments of DeFi including swaps, options, and loans all in one platform. His latest project ‘Deriswap’ is a move towards bringing capital efficiency, something which has not been envisioned in the industry. 

In a post published Cronje said:

“Deriswap allows for a consolidated, capital-efficient market for trading, Options, Futures, and Loans, allowing LPs [liquidity providers] to keep their exposure and enjoy additional fees and rewards,” 

Deriswap information has been restricted to a point because it is still under audit. He has explained that this new protocol would immensely benefit liquidity providers(LPs) in addition to maintaining exposure and extending additional rewards. There are many popular protocols that enable swaps and loans, however, Deriswap varies in its ability to offer multiple functions within one contract. 

Cronje has been around for some time and has already participated in a lot of projects. His other recent projects include Eminence and Keep3r. Eminence garnered the ire of critics as the gaming platform was hacked for $7 million in users’ funds.

But Andre Cronje’s popularity and his intellect with respect to the industry have been always high which is why despite all the earlier troubles people have been funding the contract even before the project has been audited and announced. 

deriswap

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading

Hot Projects

Basis Cash launches a new-age stablecoin in DeFi space

basis cash
rss

Basis Cash : What is it?

Basis Cash, originally known as Basecoin, has launched its stable coin into the new DeFi era. Basis Cash is was based (pun-intedned) on a stablecoin basis which had $133 million in funding after which the US regulators intervened.

The smart contracts opened early Monday, but what also has to be remembered is that this is not the first time when any base-inspired stablecoin is released. At the end of August Empty set was released and now has $100million in market cap.

One of two anonymous leaders off the project who goes by ‘Rick Sanchez’ said: 

“In the long term, we look forward to seeing Basis Cash be used widely as a base layer primitive such that there is organic demand for the asset in many DeFi and commercial settings.”

As is the case of most stablecoins. Basis Cash (BAC) stands pegged to the US dollar implying that one BAC should be equal to the crypto equivalent of one USD. The price of one BAC should be equal to the crypto equivalent of one USD.

Two crypto assets Basis Bonds and Basis shares will be managing the Basis Cash’s price.  Beginning at the end of November 50,000 BAC will be given in a 5-year period implying that 10,000 per day to people who would put any of the 5 stablecoins  DAI, YCRV, USDT, SUSD, and USDC in their smart contract. 

basis cash

In this case the depositors would not lose more than 20,000 stablecoins from any single account. In addition to this, an incentive on a daily basis will be paid on a pro-rata basis. The users also will get their coins back at any point in time. 

Basis Cash will have nothing locked away to guarantee its worth. The only thing that backs it will be an algorithmic method which will help in finding the real market demand for BAC.If the BAC drops below a dollar, the system will automatically issue Basis Bonds. The bonds issued can be bought for one BAC and can be redeemed for one new BAC when the price is much more than $1.

Nader Ali-Naji who originally launched Basis said: 

“A lot of people have reached out to me about Basis Cash. It seems to be gaining traction among the people who backed me with Basis given how many people have asked me about it, but I don’t know anyone who’s definitively decided to back the project.”

basis cash

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading

Hot Projects

Saffron Finance: SFI a new DeFi bluechip? This hidden crypto gem seems primed for massive growth.

saffron finance
rss
November 10, 2020

Saffron Finance or SFI, is currently one of the hottest defi projects right now that is still very much under the radar. 

Just as we have reported on YFI, CORE, and Curve long before most DeFi news organizations, this is one we’re definitely adding to our watchlist. 

Just like the aforementioned tokens, SFI seems to be in the same league of technical expertise mixed with an extremely creative application, all with code that is completely original. Here’s what you need to know about Saffron Finance.

What is Saffron Finance?

Saffron. Finance is bent towards innovative offerings in the crypto world. It is a protocol meant for the tokenization of on-chain assets. There is an advantage of the format of the tokenization of on-chain assets as it allows the liquidity providers great flexibility and unhindered access to the base collateral leveraging the benefits of staking.

Typically due to the overcrowding of different scenarios, Liquidity providers have to undergo insurmountable impermanent losses as a result of extreme volatility.

Yet, Saffron is one such protocol that narrows down such outcomes and provides liquidity providers with the necessary dynamic exposure. 

Customize your risk

Liquidity providers can now select and customize their risk and return profile with the use of Saffron Pool Tranches. Pools are segregated into different tranches each having their own set of properties. The different tranches here are:

AA Tranche: In this case, the LPs add liquidity to the AA tranche earn less interest but are protected and covered in case of loss from platform risk. The covered capital comes from the principal and interest earnings of A tranche LPs. They have a great share in the SFI token generation grabbing 80% from it all. 

A Tranche: Under this category, LPs add liquidity to the A tranche and earn far better interest compared to the previous, yet vulnerable enough to lose their interest in case they are exposed to platform risks. The liquidity providers under this tranche earn 10% of the SFI tokens generated per epoch. Their earnings will not be included in covering the first loss of AA tranches. 

S Tranche: The S tranche like the A tranche earns 10% of SFI generated per epoch. The S epoch has an underhand mechanism to maintain the exact value of the tranche interest multiplier. It maintains the position of equilibrium between A and AA tranches with its functionality. 

Saffron individually tokenizes the future earning stream and the NPV of the used-up capital in every tranche. The earnings-based on tokenized holdings are distributed across all tranches through payback waterfalls. 

Epochs

The Epochs are discussed in tranches are of 14-days in length. In the epoch period, the liquidity providers can earn interest on the platforms and mine SFI tokens – the native token of Saffron Finance. 

When liquidity gets locked in the pool, they can trade their Saffron LP tokens defining their ownership of the pool. But when the 14-day epoch period ends, the Liquidity providers can remove their liquidity with SFI mined and interest earned. The first epoch was already kicked off on 1 Nov and all the liquidity was added to the S tranche. The other two tranches will be available in the second epoch. 

Liquidity mining

Saffron has been launched with DAI liquidity mining. With this, all DAI will be added to the Saffron pool and is used for compounding and earning interest. The best part about it all is that in the future versions of the protocol additional currencies and platforms will be added dynamically.

SFI is generated at the end of the epoch and is redeemable in proportion to the total outstanding dsec tokens generated during that epoch. They are redeemable in proportion to the total outstanding dsec tokens generated in that epoch. 

saffron finance

Smart Contracts

Saffron smart contracts have already been deployed and their code has been verified on etherscan and already been added to a GitHub repository. The team is still working on code audits but the team’s ongoing development timeline has allowed for it and the entire set of Saffron smart contracts. The Saffron Pool, adapter, strategy, and token contracts have been tested with 10,000 DAI in the best test epoch on the Ethereum mainnet. 

SFI Pools and Adapters

The platform has pools of liquidity that collect deposited base assets from LPs and deploy them on platforms in order to earn interest. Adapters connect this pooled capital to platforms.

The already launched first adapter is DAI/Compound adapter which connects the DAI pool to the Compound platform giving the DAI pool LPs the chance to pool together and earn interest on Compound. This strategy connects all pools and adapters together, selects the best adapter for capital deployment. It also generates and distributes SFI tokens to LPs at the end of every epoch. 

By offering asset collateralization on its platform, liquidity providers have access to dynamic exposure and have a great advantage of selecting customized risk and return profiles. 

saffron finance sfi

Saffron Finance Telegram: https://t.me/saffronfinance
Website: https://saffron.finance
Twitter: twitter.com/saffronfinance_
Saffron Medium: medium.com/saffron-finance


DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading
bitcoin
Bitcoin (BTC) $ 34,284.00
ethereum
Ethereum (ETH) $ 1,428.31
tether
Tether (USDT) $ 0.999718
polkadot
Polkadot (DOT) $ 18.19
ripple
XRP (XRP) $ 0.277286
cardano
Cardano (ADA) $ 0.361191
chainlink
Chainlink (LINK) $ 24.50
litecoin
Litecoin (LTC) $ 144.99
bitcoin-cash
Bitcoin Cash (BCH) $ 458.04
binancecoin
Binance Coin (BNB) $ 42.81
stellar
Stellar (XLM) $ 0.274866
usd-coin
USD Coin (USDC) $ 0.998626
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 34,167.00
uniswap
Uniswap (UNI) $ 11.60
bitcoin-cash-sv
Bitcoin SV (BSV) $ 177.31
aave
Aave (AAVE) $ 259.51
eos
EOS (EOS) $ 2.74
monero
Monero (XMR) $ 141.72
havven
Synthetix Network Token (SNX) $ 16.92
tezos
Tezos (XTZ) $ 3.11
theta-token
Theta Network (THETA) $ 2.25
tron
TRON (TRX) $ 0.031355
vechain
VeChain (VET) $ 0.032181
cosmos
Cosmos (ATOM) $ 8.41
celsius-degree-token
Celsius Network (CEL) $ 5.18
nem
NEM (XEM) $ 0.220837
neo
NEO (NEO) $ 24.77
crypto-com-chain
Crypto.com Coin (CRO) $ 0.074902
okb
OKB (OKB) $ 5.89
compound-ether
cETH (CETH) $ 28.44
dai
Dai (DAI) $ 1.00
maker
Maker (MKR) $ 1,466.55
leo-token
LEO Token (LEO) $ 1.37
iota
IOTA (MIOTA) $ 0.463741
cdai
cDAI (CDAI) $ 0.021102
binance-usd
Binance USD (BUSD) $ 0.999144
huobi-token
Huobi Token (HT) $ 5.78
dogecoin
Dogecoin (DOGE) $ 0.008782
dash
Dash (DASH) $ 111.72
filecoin
Filecoin (FIL) $ 22.89
sushi
Sushi (SUSHI) $ 8.17
compound-usd-coin
cUSDC (CUSDC) $ 0.021456
compound-governance-token
Compound (COMP) $ 248.92
zcash
Zcash (ZEC) $ 95.87
avalanche-2
Avalanche (AVAX) $ 12.75
yearn-finance
yearn.finance (YFI) $ 31,855.00
ftx-token
FTX Token (FTT) $ 10.63
solana
Solana (SOL) $ 3.52
kusama
Kusama (KSM) $ 102.46
ethereum-classic
Ethereum Classic (ETC) $ 7.80