sweet. What I was getting at is that the sell order on top compaired to the bottom is a giant difference. Why would you sell low when once your sell order is filled people are going to get 10X what you just sold for.
We have spent at least 12000 BEE so far on Cent liquidity pools alone. Approximately $150 worth of trading volume occurred in Cent's liquidity pools in the last 24 hours. The transaction volume value in the market is approximately $29.
The biggest failure of most token projects on Hive-Engine is the lack of liquidity and transaction volume. You will only see a downward trend on the price chart of many tokens. Creators and early investors just sell. As we mentioned in Cent's promotional text, "our primary goal is to offer a highly liquid token. Any investor or user should be able to buy or sell Cent at any time with low price slippage." We still have not achieved this goal. But we continue to move forward on the path. For this reason, I also enter market maker transactions from my personal account. As a project, we support market making transactions as long as capital allows. Cent is on the first page for Transaction volume on Hive-Engine. We hope he will come to better places.
Is it worth buying?
That is the big question. Up to each person to figure that out. I did some research, blogged about it today. I like what I am seeing.
The ones in the screenshot below are my orders.
sweet. What I was getting at is that the sell order on top compaired to the bottom is a giant difference. Why would you sell low when once your sell order is filled people are going to get 10X what you just sold for.
We have spent at least 12000 BEE so far on Cent liquidity pools alone. Approximately $150 worth of trading volume occurred in Cent's liquidity pools in the last 24 hours. The transaction volume value in the market is approximately $29.
The biggest failure of most token projects on Hive-Engine is the lack of liquidity and transaction volume. You will only see a downward trend on the price chart of many tokens. Creators and early investors just sell. As we mentioned in Cent's promotional text, "our primary goal is to offer a highly liquid token. Any investor or user should be able to buy or sell Cent at any time with low price slippage." We still have not achieved this goal. But we continue to move forward on the path. For this reason, I also enter market maker transactions from my personal account. As a project, we support market making transactions as long as capital allows. Cent is on the first page for Transaction volume on Hive-Engine. We hope he will come to better places.
This is a nice strategy. Liquidity is something every token should aim to have. You are doing well. I will buy a few on or before the end of the month
I have not doubt that it will improve.
We also launched a market maker event;
https://inleo.io/@centtoken/cent-token-market-making-transactions-event-jez
Awesome
I should pick a few of these tokens for myself as well 🥺
If you got spare change kicking around.