Post
Topic
Board Announcements (Altcoins)
CENTUS - a stablecoin on the Stellar blockchain
by
NeonWolf
on 05/02/2021, 13:51:13 UTC
Centus tokens are a stable cryptocurrency on the Stellar blockchain, which is always equal to one cent of the US dollar, 1CENTUS = 0.01 $ The number of tokens in circulation varies depending on supply and demand. When network participants buy and sell Centus tokens, a smart contract regulates their circulation on the network.

To buy Centus tokens, members transfer funds to the smart contract address, where they are stored as a reserve. The reserve provides participants with the opportunity to sell Centus tokens at any time, and the smart contract buys them using the reserve. As soon as new participants buy Centus, the smart contract issues new tokens and distributes them proportionally among existing Centus holders, taking into account market demand.

Now let's get down to the details. The first step is to register on the official website centus.one and after registering in the profile, enter the address of your Stellar wallet. At the next step, you need to install one of the wallets of the Stellar cryptocurrency, it can be:
The official CENTUS wallet - app.centus.one 1️⃣ Interstellar:
1) Interstellar (приложение)
2) interstellar.exchange (сайт)

2️⃣ Stellarterm
3️⃣ Stellarport
4️⃣ StellarX
5️⃣ Lobstr
6️⃣ Solar
7️⃣ Scopuly

The next step is to activate the selected wallet. To activate the main wallet address, you need to transfer a small amount of Stellar cryptocurrency, from 7 to 10 coins will be enough. Why is this necessary? While working with the wallet, you need to add Centus tokens, and accordingly, in the settings, when adding, set trust to the token.
Therefore, during this operation, a small portion of the Stellar coins are frozen. Also, a decentralized internal exchange (DEX) is built into Stellar wallets, which allows you to buy, change and sell CENTUS tokens paired with XLM, ETH, LTC, XRP, BTC and others. Accordingly, in the process of performing such trading operations, you will also need a permanent positive balance of the Stellar cryptocurrency.
Official telegram chat: t.me/stablecent_chat