White Paper
$CentA Whitepaper
Introduction
CentA is a decentralized digital asset built on the Binance Smart Chain (BSC) with the aim of revolutionizing the way transactions are conducted within the AnnCenter ecosystem. This whitepaper provides a comprehensive overview of CentA, including its technical specifications, tokenomics, and the rationale behind choosing the BSC network.
Technical Specifications
CentA is an BEP-20 token deployed on the Binance Smart Chain, adhering to the BEP-20 standard for compatibility and interoperability. It leverages the speed and efficiency of the BSC network to ensure fast transaction confirmations and low fees. The maximum supply of CentA tokens is set at 1 billion.
Why Binance Smart Chain (BSC)?
The decision to build CentA on the Binance Smart Chain was driven by several key advantages offered by the network:
Scalability: BSC has demonstrated high throughput and scalability, capable of processing a large number of transactions per second. This ensures that CentA transactions are fast and efficient, even during periods of high network congestion.
Low Transaction Fees: Compared to other blockchain networks, BSC offers significantly lower transaction fees. This makes CentA transactions cost-effective for users, regardless of transaction size.
Interoperability: BSC is fully compatible with the Ethereum Virtual Machine (EVM), allowing seamless interoperability with Ethereum-based assets and decentralized applications (DApps). This enables CentA to tap into the vast ecosystem of DeFi projects and services available on both BSC and Ethereum.
Community Support: Binance Smart Chain has gained substantial traction and community support since its launch, with a growing ecosystem of developers, projects, and users. By building CentA on BSC, we aim to leverage this vibrant community to drive adoption and growth.
Tokenomics
The tokenomics of CentA are designed to incentivize holders and ensure the sustainability of the ecosystem. Key features include:
Maximum Supply: 1 billion CentA tokens.
Tax on Transactions: A 5% tax will be applied to both buy and sell transactions. This tax is designed to discourage short-term trading and promote long-term holding, as well as to generate liquidity for the ecosystem.
Website and CentA Token Usage
The AnnCenter website will feature a content marketplace offering various artworks and digital content. Users will be able to use traditional payment methods such as credit cards and USD for buying and selling transactions. However, transactions made with CentA tokens will be faster, more reliable, provide privacy, and be commission-free for several reasons:
Speed and Efficiency: Transactions made with CentA tokens leverage the speed and efficiency advantages of blockchain technology. Transactions on the blockchain are executed and confirmed instantly, allowing users to transact immediately.
Security and Privacy: Transactions made with CentA tokens are highly secure as they are recorded on the blockchain. Additionally, sensitive user data such as identity information is kept private, enhancing privacy.
Commission-Free Transactions: There are no additional commissions or fees charged for transactions made with CentA tokens. This allows users to obtain more value and reduces transaction costs.
Transactions made with CentA tokens will also offer various rewards and bonuses to investors. Particularly, investors who acquire CentA tokens through investment will receive additional bonuses or discounts for transactions made with these tokens. Additionally, profits earned by investing in CentA tokens will be provided to investors. This enhances the benefits of CentA tokens for both trading transactions and long-term investments, encouraging users to prefer the token.