CENNZnet
dual-token
economy.
Designed to give benefits to investors, developers and users.
The CENNZnet token economy
CENNZ
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.
wCENNZ (Wrapped CENNZ)
Wrapped CENNZ is a token pegged to native CENNZ that can operate on the Ethereum network.
To stake, wCENNZ must be converted to CENNZ (1:1 basis) which can be done on the App Hub or on any DEX supporting CENNZ and wCENNZ
User tokens
There will also be an opportunity for DApps to create their own economy and community through user tokens, similar to generic ERC20 tokens. CENNZnet will support several standard token models for things like non-fungible or asset-backed tokens.
CPAY
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.
Generic assets payment
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.
