Centaur
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Centaur

Centaur’s Mainnet Launch

Dear Centaurians,

The much-anticipated wait for Centaur’s mainnet is now over; we are proud to announce that the Centaur mainnet was successfully launched on 28 April 2021. We are incredibly grateful for the continuing support and commitment to the Centaur vision shown by the Centaur community.

Centaur’s roll call of validators whom we are strategic partners with includes Astronaut Capital, Helios Staking, Microcap Frontier Capital, Lab Moneta and Anak Indonesia. Additionally, other close partners are also running nodes on the mainnet but have requested to remain pseudonymous for now. We are also expecting to onboard more validators in the coming weeks and months. In return for benefiting from Centaur mainnet’s fruitful returns in the form of block rewards, our strategic partner validators will help to bolster the security of our mainnet by verifying transactions.

Powered by the Tendermint Core Consensus, the mainnet will offer our fledgling Centaurian developers the high throughput, finality and ease of integration which the Cosmos SDK has become famous for. We will have a controlled launch with a modest number of nodes, but we are aiming to eventually scale up to 100 validators at maturity. As of the time of writing, Centaur will be running five validators and one additional validator to synchronise the block explorer while Hadar runs one validator simultaneously. As the mainnet gradually stabilises, Centaur hopes to remove these nodes one by one on the road to fully decentralising the Centaur mainnet. This aligns with our goal of eventually creating an ecosystem with greater openness.

$CNTR tokens — No Swap Required

HODL’ers of the CNTR token can sleep easy. While the CNTR native token will be released, the currently existing ERC-20 CNTR tokens are still valid. CNTR tokens will exist simultaneously on Ethereum and the Centaur Chain. Token holders can bridge CNTR native tokens into ERC-20 CNTR and vice versa using blockchain bridges. The bridge will lock the tokens that are being transferred to another protocol and release them when they are transferred back, thus keeping the circulating supply of both the ERC-20 CNTR token and the mainnet-native token constant. The use of blockchain bridges will give Centaur developers the opportunity to connect to multiple platforms smoothly.

Nomination and Delegation

The bridge between native CNTR tokens and ERC-20 CNTR tokens will be released in the near future. CNTR holders will be able to delegate their tokens to any of the validators and earn mainnet staking rewards once the bridge is live.

For public members who wants to run their own node for Centaur Chain, the setup guide is available on github.com/centaurdev/centaurchain. Anyone can spin up a node at this time but native CNTR is needed in order to stake, the minimum amount for validators right now is 2.5M CNTR. If you are a professional node-operator, please email us at contact@cntr.finance to participate in the early launch.

As Centaur takes one step closer to achieving full cross-chain interoperability, we are optimistic that we are growing into our desired role as the bridge between the traditional world of centralised finance and the new horizon of DeFi.

About Centaur

Centaur is a pioneering project in the decentralized financial space that acts as a bridge between the traditional financial space and the decentralized financial world. The project supports the crucial features of the blockchain, while at the same time taking advantage of the fail-safe elements of centralized systems.

For more information, please take a look at our:

Website | Telegram Group | Telegram Announcements | Twitter | Explorer

Signing off,

Centaur

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The bridge between decentralised and traditional finance

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The official editor account for Centaur — The first step towards a fully decentralized financial system.

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