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CENNZnet
CENNZ

$0.0085
Market Cap
+6.05% $10,239,585
Fully diluted market cap
$10,239,585
Circulating supply
1,200,000,000 CENNZ
Total supply
1,200,000,000 CENNZ
Max. supply
-
Volume 24h
+1.66% $30,722
Volume/Market cap (24h)
+0.30%

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

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CENNZnet
CENNZ

$0.0085
1D
7D
1M
3M
1Y
ALL
Market Cap
+6.05% $10,239,585
Fully diluted market cap
$10,239,585
Circulating supply
1,200,000,000 CENNZ
Total supply
1,200,000,000 CENNZ
Max. supply
-
Volume 24h
+1.66% $30,722
Volume/Market cap (24h)
+0.30%

CENNZ Price Calculator

CENNZ
USD
1 CENNZ equals $0.0085 United States Dollar
Last updated 2024/11/21 03:00:26 (UTC)

Official Links

Ratings

Average ratings from the community
4.4
100 Ratings
Average ratings from the community
This content is for informational purposes only

CENNZ Market

CENNZ Market Stats

24h Low & High
Lowest Price
$0.0079
Highest Price
$0.0094
All Time High
$0.54
Price Change(1h)
+0.16%
Price Change(24h)
+6.34%
Price Change(7d)
+2.34%

CENNZ Price Live Data

The live price of CENNZnet is $0.0085 per (CENNZ/USD) today with 24-hour trading volume is $30.72K USD. CENNZ to USD price is updated in real-time. CENNZnet is +6.34% in the last 24 hours.

CENNZ Price Performance

24DAYS
$0.0(3)89
+11.25%
30DAYS
$0.0012
+16.83%
90DAYS
$-0.0013
-13.30%
1YEAR
$-0.0095
-52.09%

About CENNZnet (CENNZ)


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.

## Attestation

CENNZnet Attestations protocol provides on-chain claim registry for digital identity use cases. This allows personal data to be protected to reduce security risks.

How to Buy CENNZ on an Exchange

Step 1: Choose a Reputable Exchange Platform

Select a trusted platform from among many available options for purchasing CENNZ. Some reputable platforms include LBNK, Okx, Kraken, and others.

Step 2: Register an Account

Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.

Step 3: Complete Identity Verification

For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.

Step 4: Link Bank or Payment Method

Link your bank account or other payment methods to the exchange platform for making payments when purchasing CENNZ.

Step 5: Purchase CENNZ

Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of CENNZ you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy CENNZ.

Step 6: Store Your CENNZ

After purchasing, you can choose to store your CENNZ in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.

Step 7: Security Reminder

To protect your exchange account and CENNZ assets, be sure to use a strong password and enable two-factor authentication.

CENNZ Price:CENNZnet is a New Zealand built public blockchain network which powers decentralised applications (DApps) and the crypto currency CENNZ and CPAY. The price fluctuates daily, and as of March 30, 2024, the highest price for CENNZ was $0.5416.

Recommended Similar Coins: LEET, GENO

Recommended Exchanges for Trading: etoro

CENNZ To Local Currency

Last updated 2024/11/21 00:00:03 (UTC)

How To Buy CENNZnet

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy CENNZnet and help you discover other cryptocurrencies similar to CENNZnet.

How to buy?

FAQ

Q
What is the current price of CENNZnet?
A
We update our CENNZnet to USD price in real-time. Get the live Price of CENNZnet on CoinMapAi.
Q
What is the 24 hour trading volume of CENNZnet?
A
Over the last 24 hours, the trading volume of CENNZnet is $30.72K.
Q
What is the all time high of CENNZnet?
A
The all-time high of CENNZnet is $0.54. This all-time high is highest price paid for CENNZnet since it was launched.
Q
Where can I buy CENNZnet?
A
CENNZnet can be purchased on multiple centralized exchanges. Please check our buying guide: buy CENNZnet guide.
Cryptocurrency investment activities, including actions done to buy CENNZnet online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy CENNZnet instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your CENNZnet purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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