Designed to give benefits to investors, developers and users.
CENNZ is a staking token; it can increase in value without impacting the cost of using the network. This is important to ensure developers can predict the cost of running their application. The demand for CENNZ will increase as more users join the CENNZnet network and generate more activity in the form of transactions.
Staking your CENNZ enables you to participate in the network consensus by securing and governing the network. It also provides you with block rewards in the form of our fee token, CPAY.
Wrapped CENNZ is a token pegged to native CENNZ that can operate on the Ethereum network.
CPAY works like gas in the network and will be used for transaction fees and block reward payments for stakers. It’s designed to be algorithmically stable, so developers can easily predict the cost of their application, and stakers can easily predict the value of their stake.
Transaction fees can be paid in any asset, provided there’s liquidity in the CENNZX spot exchange. CENNZX then seamless converts the assets into CPAY for fees. This will streamline by eliminating the need for new users to learn about CENNZ or CPAY when using their favourite DApp.
CENNZnet migrated to its own blockchain in early 2021, swapping ERC20 CENNZ tokens to native CENNZ. The exchanges we recommend support native CENNZ tokens.
Please note that the CENNZ token available on Ethereum DEXs (Uniswap/MetaMask) are ERC20 and not the native token. This old ERC20 token is unusable on our current network for technical reasons.
Once EVM is running, the team will work on getting the native CENNZ token swappable on popular DEXs. This will be a new ERC20 CENNZ token that will be launched as part of the upcoming roadmap. Note that this will not be the same as the old ERC20 token.