$CNS

sup anons, got into the game today as well
my question - is the staking here of a compound nature? or you kinda have your predefined number of tokens and just the rate multiplier changes

thanks

Yes, it is compounding!

If the price keeps going up hourly, how is it sustainable if in two years 1 CNR = $1000? It's already over $10? How can it just keep climbing hourly? No I didnt read the whitepaper, please explain in baby terms as I don't see how that is at all sustainable.

wow, so it is indeed compounding every hour. is there a calculator to see how far to the moon one would go?

thanks

This shit will only happen once CNS = 1 USD. Even then, how is that sustainable?

my humble bag of dem shinies

Attached: letsagoo.png (1076x604, 68.58K)

$CNR burns every hour, $CNR value goes up based on the burn.

The more $CNS is traded and the more $CNS value goes up (what you convert to CNR), the faster CNR burns.

So currently burning 160k CNR a day.

explorer.joincentric.com/

Because $CNS is pegged at $1 in the contract, they aim to be a stable coin/payment system/investment, when you trade $CNS for CNR it is swapped as if $CNS is $1.

So if CNR is $10 right now, you need 10 $CNS to get 1 CNR, which will increase in value by 28.5% over the next month, for 3 months, then drop to like 23% for 3 months, then drop to 21% etc etc etc.

Considering $CNS is only 1 cent, it has a minimum 100x and could even go over that $1 value if people want to have those %'s bad enough.

Imagine buying Tether for 1 cents when in the cotnract it is already seen as being a $1 stable coin, then swapping it for another nontradeable (market wise) Token that increases in value as it burns the supply of itself.

This creates a supply and demand complex that increases over months and months.

You can get 1 CNR for 10 $CNS now, but end of this month you will need 12.85 $CNS.

I'm already earning $CNS i can withdraw right now and sell on the exchange with 0 problems.

Read the thread linked in above comments.

This sounds like BitConnect 2.0. Here I thought AMPL was going to take that crown. Also, Centric's telegram is fucking packed with Pinoys, that should be a HUGE red flag. I'd probably bail once it pumps (hopefully to 10cents) when this gets out in Bittrex.

Current market cap is only 2m.

2 fucking million. that's it.

explorer.joincentric.com/

Circ supply x current price.

> You are still so fucking early anons, Bittrex and MCDex listing within the next week or two. This is your chance to make it.

This will outpace STA/AMPL/all other stable coins, SCREENCAP THIS.

Go back to your discord you fucking shamless shills. Nobody is buying your shitcoin pump and dump shart

Attached: 1585631950868.jpg (228x221, 6.3K)

Have a look at the team, all code independently audited, full working product, full transparency.

Only reason it seems unbelievable is because you're this early.

Imagine telling people that held BTC at $20 it was gonna go to $10k, they'd think bs.

And with Bittrex listing, in 2020, they can't be risking their reputation with potential scams. They would require every listing to have all licenses required and legals covered and in accordance with all countries they serve.

A top 10 exchange wouldn't do or expect any less.

those are really low %s actually, it's barely a 3% per year

Don't start FOMOing in the next few weeks.

joincentric.com/rise-price-calculator/

We're getting bullied, anons

What happens when there's a mass sellout of CNR (Yeah, I know, CNR -> CNS to exchange)? Doesn't that sound familiar? That's exactly what happened to BitConnect when they fucking paid their investors in BCC.

What happens if any early major investors pull out and sell their early investments into a project that is still so young and early?

Then we'll get a repeat of AMPL. A lot of retards there are now holding really heavy bags. You are right, in a sense, that we are early. But I'll suggest that you bail early as well.

So CNS will never get over $1 on exchanges? Am I reading this correctly? CNR then is expected to be over $100 next year? So I keep my CNR and let it compound and it converts back to a max of $1. But then who will buy my CNS that I've converted back, and why would they buy them in a year's time?

Attached: not-pegged.png (827x384, 28.97K)

the team needs to keep printing CNS tokens to have the liquidity to swap for an ever increasing in price CNR, which means they can also dump it endlessly and there's no reason for it to go up to 1$. the stablecoin is pure bait. 3 months ahead 50% of the supply of CNR is being sold, if CNS didn't increase at least x2.12, there's no even enough CNS on the market to accomodate for the dump.

Literal scam. Do the math

Seems like early sellers might get some money out, but if there is a mass panic CNR->CNS convert then CNS is going to dump to 0 as they all move their CNS bags to exchanges

Shill your scam harder Mr. NYC NYC NYC NYC NYC AUDITOR. Your vindaloo stench is showing

You realise 0.28 = 28% you fucking braindead retard.
If I have 100 bucks and I get 0.28*100 that's 28 dollars, that's a 28% return.

I don't want to be that pessimist anons but it does looks like a ponzi scheme. Please tell me what's the actual use case of the token, if there's any serious backing behind it, how the value is supposed to be maintained in the next three months outside of
>muh buy low and early so that you'll be in profit
because there's nothing worth looking at here. Such tokens are dime a dozen in this space.

Dude just admit it already it's a scam. The initial x5 felt great but now you have to sell and get out. Don't be greedy and learn to ride the waves.

It's reading to be more and more of a ponzi scheme. God, I wish I was a few hours early the day it mooned. Now, I'm just waiting for it to be available on Bittrex for its next pump (hopefully).

Whoever advertised it as the next AMPL/STA is a fucking delusional retard.
STA and AMPL both have clear purposes compared to CNS. cope