Rank #16075
cennz CENNZnet
$ 0.001811
0.071549 BTC
1 satoshies
Market Cap
-
24 Hour Trading Vol
57,835.1604 $
Circulating Supply
-
Total Supply
1,20 BN.
Max Supply
-
Fully Diluted Valuation
3,05 MLN. $
Low
Range
High
Info
Contract
0x1122b6a0e00dce0563082b6e2953f3a94385
5c1f
Website
Explorers
Community
Search on
API id
Source code
tags
1h
24h
7d
1m
1y
max
-
-
-
-
-
-
CENNZnet Price Statistics
0.001811 $
0.001289 $ / 0.002601 $
57,835.1604 $
#16075
0.5401 $
-99.66%
24 April, 2018, (7 years ago)
0.001008 $
79.57%
27 June, 2023, (2 years ago)
CENNZnet Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
CENNZnet Performance
Trading Pair
day
week
month
cennz
/
usd
1.78%
17.57%
-22.2%
cennz
/
btc
1.78%
17.57%
-22.2%
cennz
/
eth
1.78%
17.57%
-22.2%
About Coin
What is CENNZnet?
CENNZnet is a New Zealand built public blockchain network which powers decentralised applications (DApps) and the crypto currency CENNZ and CPAY. It's a user-first dapp platform which makes blockchain based services accessible for first time builders and end users so that everyone can enjoy the increased network transparency, data privacy and reliability that decentralisation offers.
How does CENNZnet work?
The dual token economy
CENNZnet uses a unique dual token system in order to help developers, users and token holders get the best from the network.
CENNZnet has 2 tokens:
CENNZ - the staking token which works separately to block rewards. This means it can increase in value without impacting the cost of using the network. This is important so the price of CENNZ can continue to increase without impacting the amount developers and users pay to use DApps.
CPAY is the gas in the network and is used to pay transaction fees. It is also a block reward payment in staking. It’s designed to be algorithmically stable, so it will retain a steady value. This means developers creating DApps on the network can easily predict the cost of their application, and stakers can easily predict the value of their stake.
Consensus mechanism: Proof of Stake
CENNZnet uses a Proof of Stake consensus mechanism. This is where node operators hold, or stake, their tokens in a particular wallet as collateral against their promise to perform their duties correctly. If they do perform their duties correctly they receive a reward in our CPAY token. If they do not then the staked tokens are slashed, or fined. Other token holders can also stake their tokens against node operators (validators) of their choosing in order to receive a portion of the CPAY reward.
This system helps to secure the network by incentivising the community to follow protocol and prevent attacks.
Governance
CENNZnet functions 100% on-chain using blockchain’s built in voting mechanisms. In CENNZnet governance, validators and node operators are required to vote on proposals using a direct voting mechanism (similar to direct democracy) to achieve consensus. Voting results are governed algorithmically and their automatic execution is built directly into the protocol. The winning decisions then automatically integrated into the chain.
CENNZnet pre-built runtime modules
DApp builders have access to core CENNZnet modules which provide the building blocks to common functions required for DApp users.
NFT
Using the CENNZnet NFT module users can mint and sell NFTs on CENNZnet without ever needing to touch a smart contract. Instead, they can create custom NFTs using just a Javascript API or point and click with a UI.
CENNZX
CENNZX is a spot exchange module which enables a seamless fee payment experience on CENNZnet and makes token exchange instant and easy. The CENNZX Spot eliminates rent extraction and centralised services while prioritising decentralisation, usability and security.
Generic Asset
Generic Asset protocol enables CENNZnet’s multicurrency economy. The module allows transaction fees to be paid in any asset, provided there’s liquidity in the CENNZX in-chain GAS exchange. CENNZX will then seamlessly convert the asset into the official gas token, CPAY. This streamlines onboarding and in-app experience by eliminating the need for new users to learn about different token types and simply opting for their favoured currency.
Doughnut
The Doughnut module is the secret sauce of the CENNZnet blockchain. Doughnuts are proofs of delegation between two or more cryptographic keypairs. They allow us to prove that one address delegates something to another address and allows permissions and rules to be carried between different networks without the need for a centralised server. This supports user data privacy whilst maintaining a good user experience.
Where is CENNZnet available for purchase?
You can exchange CENNZ tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading CENNZnet is MEXC, notably the CENNZ/USDT pair, which saw a trading volume of $ 20,970 in the past day.
What is the highest value CENNZnet (CENNZ) has ever reached?
CENNZnet (CENNZ) reached its peak price at 0.5401 $ on 24 April 2018, approximately 7 years ago ago. Presently, the current price is -99.66% lower than this all-time high.
What is the historical minimum price for CENNZnet (CENNZ)?
The minimum price reached for CENNZnet (CENNZ) was 0.001008 $, documented on 27 June 2023, more than 2 years ago. In comparison, the current price is 79.57%, it above this historical low.
What is the fully diluted valuation of CENNZnet (CENNZ)?
The fully diluted valuation (FDV) of CENNZnet (CENNZ) stands at $ 3,05 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of CENNZ tokens. The realization of this FDV might take several years depending on the emission schedule of CENNZ tokens.
How to add CENNZnet (CENNZ) to MetaMask?
By integrating CENNZnet (CENNZ) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import CENNZ as a token. You can either manually import CENNZ by copying its contract address (0x1122b6a0e00dce0563082b6e2953f3a943855c1f) or use MetaMask's Chrome extension to add CENNZ with a single click through P.CASH.
How to add CENNZnet (CENNZ) to TrustWallet?
Incorporating CENNZnet (CENNZ) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include CENNZ, you can either manually import it using the contract address (0x1122b6a0e00dce0563082b6e2953f3a943855c1f) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
IMPORTANT DISCLAIMER:
The information presented on our website and associated platforms is sourced from third parties and is intended for general informational purposes only. We do not guarantee the accuracy or timeliness of this content. None of the information provided should be construed as financial, legal, or other professional advice tailored to your specific needs. Your use of this content is at your own discretion and risk. It's important to independently research, evaluate, and verify the information before relying on it. Trading carries significant risks, so it's advisable to consult with a financial advisor before making any decisions. Our content is not intended to solicit or offer any services.