Important Update: Change in Total Supply

Centiiv
3 min readDec 2, 2021

More than ever, the world is coming to reality with the great potential in Blockchain to make the world and how humans live in the world. According to Forbes online magazine, “Blockchain is radically disrupting almost every industry given its inherent capacities for immutable, transparent, decentralized and highly efficient means for recording and sharing data and transactions.”

The beauty of the Blockchain is in the fact that its impact moves beyond enterprises to improving the lives of regular people like you and me. We see how this technology is revolutionizing the healthcare, real estate, music and art, social impact, agriculture and travel sectors of the world among many others.

Centiiv remains resolute on her resolve to connect Africa to the rest of the world using Blockchain. The beauty of the solution the Centiiv team is building is in the fact that it is “people based”, in that, it does not only build from the idea of the team but listens to the needs of the ordinary man on the street and design solutions to address such challenges.

With the needs of African users in mind, over the initial plan of the team, the Centiiv team is happy to announce that the new total supply of Centiiv ($CNT) token is 100,000,000 as against the initial total supply of 5,000,000. The deployment of these units of the token is a response to the concerns raised by most members of the Centiiv community that the previous units of Centiiv tokens deployed is limited. These concerns proved that the limited number of token deployed will cause scarcity and such scarcity will make the Centiiv token elitist, which will make it difficult if not impossible for the ordinary man on the street. Considering the fact that we hold our community in high esteem, we had to redeploy our token with an increased Total Supply (TS) of 100million. Hence, holders of the current initial version of the token would be required to swap for the new token with an equal redistribution modal.

This is very big for the Centiiv team as the team is optimistic that this new development will help the Centiiv project accommodate more Africans in her community and as a result make it easier for the team to achieve her lofty dream of connecting Africa to the rest of the world using Blockchain.

Community members are to be rest assured that beyond deploying more units of the Centiiv token, nothing really changed about the Centiiv project and how community members can relate with it as the Centiiv token remains on the Binance Smart Chain (BSC). Similarly, community members are to note that the decision to deploy more tokens is in the best interest of both the community and Africa at large.

Furthermore, we are using this opportunity to announce our forthcoming second presale which is scheduled to hold by mid December. More details will be communicated subsequently.

#blockchain #centiiv #bsc #technology #cryptocurrency

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