What Is a Centaurify (CENT)?
Centaurify (CENT) is an NFT ticketing marketplace for artists who seek to work for the music industry using NFTs and smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. The platform aims to increase the fan following of music artists to focus on their music and earn.
The music industry faced the issue of middlemen making profits using the artist's work. Therefore, artists needed a tool to manage the musical events' ticket system to eliminate the flow of funds going outside their wallets. That's why the Centaurify (CENT) platform came into existence. The platform allows artists to handle their ticket system, protecting their fans and avoid losing money to mediators. Thus, the platform aims to give the artist and the fans a profit because the artist can set the ticket price according to the market and customer interest.
The platform also provides an NFT marketplace where musicians can upload their work. The platform focuses on NFT ticket minting. Minting means converting a digital good (like gaming collectibles and artwork) into a unique token. Further, the platform also plans to provide the following –
Artists can customize the rewards for their fans.
Artists can also share certain merchandise and clothing drops for their fans.
Artists can decide a charity percentage.
Artists can give governance power to their fans to pick song orders and other things for their shows.
The token holders can also get VIP offers and access to pre-sales.
Thus, the platform aims to offer NFT security, passive earnings, the power to set the rules, and the selling platform to musicians. The platform also works for the target audience by offering them cryptocurrencies for trading. So, the platform's native token CENT is an ERC20 token that aims to function on the Cardano protocol. The token helps users trade on the platform. The token holders receive rewards once they stake the CENT token. The staking system has three categories that are follower, fan, and superfan. The users can choose the category based on their needs. The token holders also get rewarded via automated reflections on every ticket transaction which means that with every transaction occurring on the platform, the token holders are rewarded with some amount in their wallet. Lastly, the platform uses a proof of stake mechanism for mining since this strategy is environment-friendly and efficient.
History of the Centaurify (CENT) token:-
The team has David Rootwelt-Norberg as CEO and co-Founder. Martin Bjercke and Bezz Ahmadi are also co-founders. The total supply of the CENT token is one billion CENT.