Recently we hosted an ‘Ask Me Anything’ with our CEO Aaron McDonald on our Telegram channel. He discussed CentraPay, CENNZnet, how he met his wife, and more! Check out all of the questions and answers below!
To stay up-to-date on the progress of Centrality’s ecosystem, follow us on Twitter and our Telegram Announcements channel, plus join our community on Centrality’s Official Telegram, Instagram, Reddit, and Facebook.
When is the value of CPAY determined and by what mechanism?
Initially, at the network launch and in our pre-staking, the value of CPAY will be equal to the value of CENNZ. However, as with all decentralised economics, the CENNZ holders will determine the value over time.
It’s the DApp era. When DApps use CPAY as gas the demand for CPAY will increase, which will increase the demand for CENNZ, right?
That’s 100% correct. The more people who use the DApps or network, the more demand there will be for CPAY, which means there will be more demand for CENNZ. CENNZnet is already the fastest-growing DApp network in the world — so we’re off to a great start.
How much CPAY do you expect to get in one year by staking 1 CENNZ?
The initial rate is set at 10%, however, as more usage on the network grows the rate of CPAY per CENNZ will also grow.
Does CPAY disappear after use?
Please check out our white paper and token economy description here. This is always being updated as we learn more but when the network receives a CPAY for fee payments that token is burned and in the next reward round new tokens are created based on the previous block transactions.
Will CPAY be on Metamask?
Initially yes, you will be able to store your CentraPay staking reward tokens in Metamask. However, once the ...
To keep reading, please go to the original article at:
Centrality - Medium