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/biz/ - Business & Finance


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21071966 No.21071966 [Reply] [Original]

>he doesn’t have any CNS before the next big pump

>> No.21072010

>>21071966
I'm in. Just paranoid this is in fact a scam. Got my CNS on the exchange just in case their site mysteriously crashes

>> No.21072092
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21072092

Join my cervix

>> No.21072158

surprised it's not dumped, this is the accumulation phase before the next leg up

>> No.21072687

i thought /biz was high iq? they seem to not even be able to understand basic economic and math principles...

>> No.21073143
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21073143

Right in T minus 36 hours. Next leg up-to 5 cents

>> No.21073246

5-10 cents to be exact:) This accumulation would breakout on 8th (36 hours away) and could continue until Bittrex listing. The next swing up could be 5-10 cents but could get to 25 cents crazy if things get heated up too much. GET READY BIZFAGS. Don't say later that we didn't tell you small brain faggots before the pump.

>> No.21073587

>>21072010
Don’t let the FUD get to you. I got a big bag of 850k we gonna make it bro.

>> No.21073698

>>21073587
It's hard man. It's scary that on Telegraph they don't answer any questions just direct us to their website. Gives me a bit of doubt.

>> No.21073748

>>21073698
join the discord? i spent all day on Friday asking questions and got very fast responses

>> No.21073794

>>21073698
I can try to answer any question you have. Just want y’all to make it and I know this is a great opportunity so it would suck to see people panic sell.

>> No.21073948

>>21073794
well last night we were asking how if max CNR is 1 billion and there were 990 million CNR at that moment and 169 million CNS in circulation. If all the CNS tried to convert then that would be 16.9 million more CNR which is over 1 billion total

>> No.21074173

>>21073948
'The number of Centric Cash in circulation equals the USD value of Centric Rise held in security ensuring 1 Centric Cash token can always be redeemed for $1USD of Centric Rise. Each hour Centric Rise tokens are burnt in accordance with the above rule to ensure the stability of the network.'

>> No.21074228

literally says it in the whitepaper and on the website which takes two seconds to find?

i love the low iq barrier on this project

>> No.21074241

>>21074173
Yes each hour CNR is burned. But if all CNS tried to convert to CNR all at once what would happen?

>> No.21074348

>>21074241
re read what i put but slower and repeat as many times as necessary before it sinks in

>> No.21074426

>>21074241
When you convert it does not create more CNR it only burns the CNS

>> No.21074508

I'm so happy with my bags. The strong fud and coordinated dumps only makes me cozier :')

>> No.21074527

>>21072092
1,000,000 CNS to make Gabriella notice you
5,000,000 CNS to get Gabriella's nudes
20,000,000 CNS to sniff Gabriella's asshole

>> No.21074545
File: 57 KB, 919x847, cns.png [View same] [iqdb] [saucenao] [google]
21074545

Look here...

>> No.21074549

>>21074426
So basically the newly obtained CNR from the conversion would pull alrwady circulating CNR out of quarantine?

>> No.21074599
File: 43 KB, 865x650, cns2.png [View same] [iqdb] [saucenao] [google]
21074599

... divide that by 10 (current cnr price in $)

what do you get anon?

>> No.21074727

~19m which makes up the active supply of ~971m to 1b

>> No.21074766

i'm confused how a supposed high iq board is struggling so hard with basic fucking math

>> No.21074803

>>21073143
What happens in 36 hours ?

>> No.21074841

>>21074727
Brainlet here plz just give it straight to me

>> No.21074874

>>21074599
I calculated it with current cnr price and get same amount than your picture.

>> No.21074949

>>21074527
Fuck, how much to drink her bathwater anon

>> No.21074968
File: 193 KB, 289x371, hgoiqhgqoihgq.png [View same] [iqdb] [saucenao] [google]
21074968

https://www.probit.com/r/62935487

Probit exchange best place to buy
-Easy withdraw/deposit
-americans and other races( yes pajeets too ) can use
- no kyc
- fast and quick ui, little slippage

>> No.21075034

>>21074841
all i can say is this is the perfect buying opportunity rn and this is the one that has the potential to go parabolic in a very short space of time (as witnessed the other day). the money driving this project is serious and it is going places.

>> No.21075064

>>21074949
Limited edition 3 times used bathwater extract is 10,000,000 CNS

>> No.21075160

>>21074766
From the white paper

< Centric Cash is minted and burnt on demand in exchange for Centric Rise.

So from my understanding, when you convert CNS to CNR, you aren't adding to the CNR pool, but are instead burning CNS and receiving the equivalent amount of CNR in return. Therefore you wouldn't exceeded the max supply of 1 billion in your hypothetical situation

>> No.21075243

also for people unsure about the ceo and team...

the devs are finished with the coding.

all that needs doing is marketing and setting the future interest rate of cnr into the smart contract price blocks which is being handled by economists.

they are going all out on marketing and getting it onto top exchanges with volume within a month of listing...

>> No.21075245

Initially there were 1000 CNS only , you converted it to CNR - you got 100 CNR with each CNR having a value of $10 (one year ahead). and all 1k CNS removed from circulating supply On converting to CNR , at the end of each monthly block there is % appreciation in Price i.e. 30% or 1% day . So value of CNR at the EoM would be 13usd , if you cash out at the end of the month into CNS , now you would generate 1300 CNS , 300 extra. The price appreciation is also because on a daily basis some % of CNR is burned .The more CNR converted, the faster CNS burned and steeply the price appreciates.So this is a dual coin economy where the algo tries to achieve equilibrium between CNR and CNS. There can be 1billion maximum CNS out of which 9 million has been burned , on a daily basis 150 k is being burned. The equilibrium is not achieved over short term but over a long term and hence value would be generated accordingly. You can convert CNR-CNS and vice versa anytime. Holding CNS is not wise because if all the CNR were converted to CNS you would see more CNS and hence more selling pressure.

>> No.21075303

You only buy the available cnr

>> No.21075342

sorry i wasn't quite telling the truth. the devs are working on mobile app and wallet functionality and possibly own blockchain proposal, i meant that they had finished writing the code for cash/rise.

>> No.21075439

Stay poor biz

>> No.21075468

sorry , there is an error only 1 billion CNR max and not CNS but CNR can only be generated with CNS and not by any other means

>> No.21076075

>>21075468

> 'Token Conversion'

- Any token holder can exchange CNR for CNS and vice-versa. The immutable protocol dictates:

- CNS can be minted in exchange for CNR at a fixed rate of 1 CNS = CNR price/CNR exchange amount.
- CNS can be burnt in exchange for CNR at a fixed rate of 1 CNR = CNS exchange amount/CNR price.

The full minting of CNR has already occurred. It is not minted when CNS is converted