What is Centrality (CENNZ)?
Future of CENNZ Cryptocurrency and know how to buy CENNZ

#1 – What is Centrality?

Centrality: The Basics

  1. Centrality is a venture studio which partners with leading innovators spread across numerous industries to create a marketplace for decentralized applications.
  2. The apps would allow users to manage their daily tasks and other things with peer-to-peer transactions through a single login, using cutting-edge blockchain technology.
  3. The company behind the cryptocurrency aims to help the world move towards blockchain technology by building a market which gives users complete control over their data and allows small startups to work together to succeed, creating a fairer and more equal world for all involved.
  4. CENNZ is Centrality’s native ERC20 token, used to provide access to Centrality’s software and also to connect applications in the marketplace as a utility token.

Centrality Development

  1. Centrality consists of a large team of almost 75 members, spread out across Auckland (New Zealand), London, Melbourne and Singapore, though the founding company is based primarily in Auckland.
  2. The Team is headed by CEO Aaron McDonald, who has over 20 years of experience covering all aspects of a tech company. He has held leadership positions in large companies, managing everything from engineering and architecture to marketing and sales, product development and management.
  3. Chairman Roger Smith is the shareholder and key executive in driving the growth of Independent Liquor, a “unicorn” startup. He’s also on the global advisory board of Euronet and the CEO of ePay NZ, as well as an angel investor for a number of businesses.
  4. Jerry Yuan, who is the COO as well as an angel investor in the Centrality project, has over a decade of experience across the Telco and ICT industry, and was the Account/Sales Director for HUAWEI Technologies. Jordan Maddison is Centrality’s Creative Lead, well versed in the art of connecting technology. She helps create excellent user interfaces and experiences.
  5. The Centrality team website mentions many more members, including developers, managers and others.

 

#2 – What are the advantages of Centrality?

Centrality Technology

  1. Centrality is a platform which provides the technological foundation for dApps, which can focus completely on creating their businesses, partnerships and user acquisition, while the Centrality Platform provides the core technology and design in return for a fraction of any tokens the dApps issue.
  2. The dApp developers use CENNZ tokens to purchase modules for their apps and to make connections for acquisition of data, users and partners. These dApps built on the Centrality platform work together to perform their functions, ensuring trust through the use of Smart Contracts.
  3. Users can transition between or transact on different apps built on the Centrality Platform using their Software Development Kit (SDK) seamlessly, without needing to install another app and go through the hassle of signing in or creating a profile.
  4. Centrality has built a range of components and modules to overcome all the anticipated hurdles apps might face.
  5. Centrality runs on a consortium chain based on Ethereum with improvements which will reduce latency and congestion, avoid network fees during transactions and also the stress associated with large transaction volumes.
  6. All services working within the Centrality ecosystem have their own private key and public address, enabling them to interact with the blockchain as well as store and retrieve data from it. Thus, developers are free to create complex services which can interact with pure blockchain components.
  7. Each application can create its own native ERC20 token while joining the Centrality ecosystem, increasing the freedom of the individual businesses.

Centrality Features

  1. Single login for multiple apps: This is to ensure seamless interaction and transition between apps inside the ecosystem. Users need to create a profile only once, which is stored on the chain via a smart contract whose address will be given to the user. This feature also allows users to use their blockchain profiles to connect to non-blockchain applications.
  2. Hybrid wallet: Centrality has developed a wallet which works for both fiat currency payments as well as cryptocurrencies, allowing users to use the same wallet for dApps and traditional off-blockchain applications.
  3. Other features include a User Onboarding Wizard, a Shopping Cart and Wishboard which allow for combined fiat and cryptocurrency payments through real-time conversion, Inventory and Content Creation and Management, a Smart Contract Generator and much more.

Centrality Use Cases

Centrality already boasts of over 20 apps in its marketplace, all spread out across different use cases:

  1. Skoot: It’s a travel experience platform targeted at both inbound visitors and free travellers. It helps users find interesting things to do while staying safe and connected to their loved ones while travelling. Centrality owns 50% of Skoot.
  2. Belong: It’s an employee engagement platform which allows businesses to give non-fiat rewards to employees. It has a powerful financial services engine which manages insurance plans, claims and entitlements. Centrality owns 25% of Belong.
  3. UShare and Merge: UShare is an on-demand transport app working across taxi services, rental vehicles and public transport. Centrality owns 25 % of the app. Merge is a time management system which uses smart technology and incentives to schedule travelling times for city-dwelling users. It is 100% owned by Centrality.
  4. Other apps on the platform include FeedMi, a queue-jumping app for busy restaurants, SingularX, a distributed crypto trading platform, Blockhaus, a blockchain-based investment and banking platform or tokenized economies, Aimy, a health and well-being app, and many more.

 

#3 – How to buy and store Centrality tokens (CENNZ)?

How to buy CENNZ

Being so new, it’s unsurprising that Centrality tokens (CENNZ) are available for exchange on only 4 platforms. Huobi, Cryptopia, Cryptobulls and HitBTC all accept Bitcoin, but HitBTC also accepts Ether and Cryptopia accepts Litecoin, in exchange for CENNZ.

  1. These are just platforms where you can buy or sell CENNZ tokens, but the coin prices differ marginally from exchange to exchange. CoinSwitch, one of the largest cryptocurrency exchanges around, will help you decide which to choose by displaying the prices at the exchanges it’s sold in, all at one place. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with your CENNZ token, and CoinSwitch will help you decide the best one for you!
  2. What’s more - with CoinSwitch, you need not rely on wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

CENNZ Storage

  1. Centrality is on the Ethereum blockchain, so it can be stored in any of the numerous wallets which support Ethereum and other ERC20 tokens.
  2. Hardware wallets like Ledger Nano S and Trezor support Ethereum and other tokens on its blockchain. They are generally recommended as they are the safest among all wallets.
  3. Exodus and Mist are desktop wallets for ERC20 tokens, compatible with Windows, Linux as well as Mac Operating Systems.
  4. Jaxx, a versatile Ethereum wallet, works as a mobile wallet, desktop wallet as well as a web wallet. It is compatible with Android, iOS, Windows, Linux, Mac OS, and Chrome and Firefox web extensions.
  5. MyEtherWallet is its most popular Web wallet, and ETHAdress is one of the paper wallets storing ERC20 tokens.

 

#4 – What is the future of Centrality?

Also Read: Complete Analysis of Centrality | Live Centrality (CENNZ) Price Charts And Predictions

Market Cap and Global Acceptance

  • The ICO for Centrality’s token CENNZ was held in mid-February 2018, reaching its hard cap of 100 million USD in a record time of 6 minutes, making it one of the top 10 ICOs till date. The money raised from the ICO was used as follows:
    • 63% went into developing the new platform
    • 25% was used for developer support and user acquisition
    • 10% went into expanding the New Zealand office, and
    • 3% was used up for miscellaneous expenses.
  • The total supply of Centrality tokens is 1.2 billion CENNZ, which are distributed as:
    • 70% (840 million) CENNZ were sold in the ICO
    • 20% (240 million) CENNZ were reserved to protect intellectual property rights
    • 5% (60 million) CENNZ were given to the developers of the platform, and
    • The remaining 5% (60 million) were kept for the Centrality platform.
  • At the time of writing this article, the circulating supply of CENNZ tokens is about 790.73 million, with a market cap of $72.88 million USD and a value of about $ 0.098 per token.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 19, 2018

0.104511

0.104511

0.09307

0.093549

8,37,754

8,26,40,600

Jul 01, 2018

0.146708

0.148343

0.135865

0.137307

6,24,360

11,58,70,000

Jun 01, 2018

0.212163

0.214324

0.191092

0.200254

1,11,960

16,32,55,000

May 01, 2018

0.402623

0.468902

0.34736

0.436565

7,40,090

27,68,08,000

Apr 01, 2018

0.317315

0.3219

0.242897

0.283895

1,06,463

-

Mar 13, 2018

0.431519

0.448466

0.431519

0.446883

1,65,758

-

Trends so far

  1. Since the cryptocurrency is relatively very new (not even 6 months old as of July 2018), it is difficult to predict its trends. It started off with a price of about $0.45 USD in March 2018, rising to its maximum of $0.53 by the end of April 2018, and dropping until its current value of about $0.098 as of July 2018.
  2. Due to its high circulating supply, the token is at an impressive position in global market cap rankings despite the fact that it’s new in the market and costs only $ 0.098 per token. It’s ranked at 117 among cryptocurrencies worldwide at the time of writing this article.
  3. Since the cryptocurrency is so new, it’s difficult to predict its future trends based on its past. However, with much of the tech world moving towards decentralization, and the team seems strong enough to keep it going, Centrality has the potential for buzz creation.

 

#5 – What makes Centrality different from other cryptocurrencies?

  1. The idea behind the Centrality platform; to bring startups and other ventures together in a way that is not controlled by a central agency may not be new in wake of how the blockchain technology has boomed, but the platform is certainly the first of its kind, and the only one in existence as of July 2018.
  2. The norm with cryptocurrencies is to raise funds with an ICO and develop their idea after the event. However, Centrality already had over 20 applications in use before its ICO, generating significant value for the token before the sale.

 

#6 – Should you invest in CENNZ?

  1. The high market cap ranking of the CENNZ token and its successful ICO, coupled with its low current individual price can make the token a promising investment in the long term.
  2. Moreover, the idea behind the coin is worth looking into, especially since startup culture, as well as decentralization are two trends which are gaining more and more popularity across the world.
  3. The fact that Centrality is transparent about its team, which has impressive people in it and has quite a large number of members, makes the future of the token look brighter than ever.
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