Centric Will Ultimately Destroy Bitcoin, Gold and Fiat Currencies
The dollar is dying!”
“Precious metals are only worth
what people say they are worth!”
“Bitcoin, after being holding support at 6k has plummeted to 3k within a week!”
If you’ve been in finance for the last couple of years, it is likely that you’ve heard one or more of these statements or ones similar to these.
These statements are lugubriously used by traders, speculators, retailers and investors in an effort to decry inefficient means of value, so as to warn others to “get out of a trade without suffering significant losses,” “avoid holding on to things with ‘no true intrinsic worth’ or simply lament in the limited, inefficient means of value that people have to use today.
Don’t get me incorrectly. Gold, fiat and bitcoin are well known “stores of value” and have been proven useful in many scenarios, and the world would likely not function well, if these currencies instantly disappeared. However, the certain downsides that are associated with them make them subject to obsolescence by other, more innovative forms of currency, ones that do not suffer the inflationary, indecisive, volatile cons that fiat, gold and bitcoin do, respectively.
Centric — a dual currency payment network
People say: “when problems arise, a solution is soon to follow.”
In this case, they were right. Centric — a novel, brilliant, dual currency payment network — is poised to do everything that gold, bitcoin and fiat currencies cannot do: maintain a stable source of value, increase in price regularly and remain safe, secure and scalable, features which, already, make Centric a better option than either gold, bitcoin or cash.
Centric, in essence, combines the benefits, versatility and ease of use that are associated with the aforementioned assets, while eliminating the downsides.
How does it do that?
Centric, as previously mentioned, is composed of two tokens, the first being Centric Rise, which steadily increases in price hourly. This will help offer a reliable store of value and an incentive to join the network for users globally. The second token, CentricCash, is pegged to the first token and will freely trade on major cryptocurrency exchanges.
The exchange between the two tokens is governed by a decentralized smart contract with immutable price blocks, set one year into the future. In this way, the protocol self-regulates token supply to meet ongoing changes in demand.
The intransigence of Centric Rise’s price blocks allows for a predictable increase in value of the token, incentivizing private users, retailers and investors to hold Centric Rise.
How will I benefit from Centric?
If you are a consumer or private user, you will hold Centric rise, like you would the USD or GBP. When you want to purchase something with your money, you will convert to CNS and then purchase the item of your desire. In this way, you are holding a stable asset, which allows for seamless transactions and storage of value between merchants and consumers and you will benefit from interstitial price increases. In this way, Centric eliminates the need for Fiat currencies.
If you are an investor, you will hold Centric rise. You will literally watch your investment go nowhere but up from the time you purchase Centric Rise. You will not need to wait for 10–20 years to realize a significant ROE, but you will make money the hour you invest your money, with the peace of mind of your initial buying power increasing regularly. In this manner, we can eliminate the need for Bitcoin and Gold, extirpating any speculation associated with investments.
Take Away
Centric Foundation has created a panacea, an economic model which will not only eliminate the need for centralized fiat currencies as mediums of exchanges but also allow investors and private users to profit from the use of the model. Centric’s new dual-currency payment system seeks to harness the benefits of gold, fiat and digital currency while mitigating the downsides of such currencies, making it viable to be held by consumers, investors and retailers worldwide. When taking that into account, we can see that Centric, truly, may be the currency of the future.
Links to the Centric Website and Social Media links are below.
Links to Centric’s website and Social Media are included below.
www.joincentric.com (website)
https://t.me/centric (Telegram)
https://www.facebook.com/JoinCentric/ (Facebook)
https://twitter.com/JoinCentricApp (Twitter)
https://www.reddit.com/user/joincentric (Reddit)
https://discord.gg/KjwY64h (Discord)
