Hello again. Yesterday, I published the TRIBE Token announcement and announced that the liquidity pool and LP rewards would be activated as soon as possible. The expected amount of tokens were sold. We covered the fee to create the liquidity pool, which is 1000+100 BEE, and to start the LP rewards. As of today, we have started the LP rewards. As mentioned in the token announcement text, we added some Tribe tokens to the pool.
The Tribe token was created for users who want to accumulate or invest in tribal tokens but do not want to deal with purchasing, voting, etc. We also aimed to contribute to tribal projects with regular purchases and burning of author rewards. The creation of the liquidity pool with Cent Token will also contribute to the Cent Project in terms of liquidity, volume and depth.
We started the LP reward distribution period for 180 days. And we added 180 Tribe tokens to the liquidity pool as LP rewards. TRIBE will not be added to the pool as LP rewards in the future. Approximately 5100 Tribe tokens have been sold so far. We bought some tribal tokens, staked them and started voting as mentioned in the introduction text. There is approximately $1900 worth of liquidity in the Cent/Tribe liquidity pool. Naturally, the current APR of the pool has dropped to 4.8%. We will start receiving curation rewards in a few days. And the APR of the pool will start to increase rapidly.
Follow @centtoken for current reports and announcements. See you.
Posted Using InLeo Alpha
Cool! What is the expected interval in which new rewards would be periodic be added to the LP? Daily/Weekly/Monthly?
Hello again. Rewards will be added to the liquidity pool daily. We will be purchasing tokens weekly.
Wow that is awesome! Thanks for the reply!
So excited to have a small part in the CENT:TRIBE Liquidity pool. Wish I could afford more TRIBE tokens! !BBH
@anadolu! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (28/100)
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