I joined Hive Blockchain (formerly Steem) in 2017. In May 2021, I announced the Cent Project. In May 2023, we announced the 'Hive-Engine Investment Transactions' study, a sub-study of the Cent Project. I have been using almost all of its features since I met Hive-Engine. I have gained experience especially in liquidity pools, Token trading, Token management, Tribe project creation/management, etc.
We decided to approach this work more professionally with 'Hive-Engine investment Works'. The study has been quite productive since its announcement. However, the low transaction volume and lack of liquidity in Hive-Engine were among the problems we encountered. At the same time, we carried out the study with a very small capital for a long time.
Previously, we were adding a portion of the income we obtained from our work called 'Hive-Engine Investments' to the HBD/Cent liquidity pool as a reward. Now we will combine this work with the TRADE token. We will be able to manage transactions more effectively by using the token. At the same time, we will grow the portfolio used in the work over time by selling tokens at certain periods.
We thought of doing the work I mentioned with Cent. However, Cent is a tribal project token. Also, no token sales were made through Cent. There will be no token sales in the upcoming period. Therefore, we decided that it would be more appropriate to create a new token. Let's come to the introduction of the token;
Token name: Trade
Symbol: TRADE
Maximum supply: 21,000
To trade tokens:
https://tribaldex.com/trade/TRADE
https://hive-engine.com/trade/TRADE
https://beeswap.dcity.io/tokens/TRADE
Tokens will be sold through the @centtoken account. However, we will keep inflation extremely limited. And unless a negative situation occurs, token sales orders will not be entered at a price lower than the previous sale price. All income from the token sale will be directed to trading and investment transactions. Our first goal for the token is to create a liquidity pool. Thus, we will be able to obtain a more liquid, low-volatility token. We will also automate the distribution of rewards. In the first stage, we will distribute rewards via the Hive/Trade market via the buyback method. A liquidity pool will be created as soon as possible (for example, Hive/Trade or HBD/Trade). And we will distribute the rewards through liquidity provider rewards.
Hive/Trade Liquidity Pool and LP Reward Distribution Active
Cent/Trade Liquidity Pool Active
We will add at least 50% of the income from transactions, investments, etc. made in Hive-Engine to the Hive/Trade liquidity pool as liquidity provider rewards. Most of the remaining income will be reinvested. A small part will be used for Cent Project administrative expenses (Liquidity pool creation, liquidity provider reward distribution, event reward distribution, etc.). We will provide a report with up-to-date data about the token and its operation. So, don't forget to follow @centtoken. If you have any questions about the token, feel free to ask. See you again. Stay tuned.
image: source Note: It will be replaced with the token's image later.
Yes, with little capital it's not that easy for an idea to take off.
Interesting new token.
I hope we can reach better places with the token. If this can be achieved, it will be very profitable for both the project and the participating users.
With the growing capital and leveraging on your experience, I think the journey is worth a try.
Could you provide some insights in the TRADE token release schedule / distribution?
What I noticed sofar after clearing the market to enter a LP position early:
Account 'centtoken' seems to be able to call upon the smart contract and unlock another batch of TRADE tokens manually - for example the 1000 TRADE tokens today.
My questions: How many of the 21K tokens are allocated to 'centtoken' and will be come available for sale? Are there guidelines / timelines for this?
I noticed that the account ' centtoken' was trying to find a good price to position the next batch, repositioning it a couple of times.
My question; would a fixed prices schedule make sense? Placing every next batch of 500 higher compared to the previous batch (for example 0.25 or 0.5 hive above the previous).
There seems to be a contract distributing 500 Trade tokens to your account Anadola a day.
My question: Can you confirm this? Furthermore, what proportion of total TRADE is allocated for this?
General question: Apart from allocation to LP rewards and the distributions to centtoken and anadolu, are there other allocations for the distribution of TRADE?
Good luck with this project!
Hello. First of all, thank you for trusting and participating in the project and the 'Hive-Engine Investments' study. First, let me answer your question about the accounts.
As for the sales and distribution strategy;
As a result, 1500 more tokens were sent to the @centtoken account than planned. And the balance was achieved by gradually increasing the sales price. The account does not enter orders only to sell tokens. In addition, it enters a sell order in the token market to protect users who trade in the market from price slippage. To give an example; If @centtoken removes the sell order and a user enters a loaded buy order at the market price, they will encounter extreme prices such as buying 1 Trade token at the price of 500 Hive. Therefore, it is quite natural for the account to enter sell/buy orders at various levels. When the transaction volume, liquidity and depth begin to mature, such measures will not be necessary.
As mentioned in the introductory text above, when the token was announced, I purchased approximately 300 Trade tokens. The reason for this was to ensure that the Hive/Trade liquidity pool was created and started distributing rewards as soon as possible. (Liquidity pool creation fee is 1000 BEE and the fee to activate LP rewards is 100 BEE.) I added some of my tokens to the liquidity pool. I also entered buy and sell orders for some of them to contribute to the formation of depth in the market. I also recommend you to follow the price movements and buy/sell when you see it necessary. In addition to all this, constantly evaluate the risks, whether in other cryptocurrencies or Hive-Engine tokens. And take the necessary precautions. I wish you success.
https://he.dtools.dev/richlist/TRADE https://he.dtools.dev/@centtoken?symbol=TRADE https://beeswap.dcity.io/pools?search=trade https://beeswap.dcity.io/tokens?search=trade
Awesome! Thank you for the detailed reply!
I bought a small amount to earmark this token, interested in seeing what future options it will bring.
Not sure I'm getting this right, you'll provide volume to certain tokens? I thought liquidity pools and swaps removed the need for market makers.
Hello. Let's take Zing Token as an example. In the Hive/Zing market, the trading volume in the last day was $133. In the Zing/Hive liquidity pool, the trading volume in the last day was $401. The situation should be exactly the opposite. In other words, the place where the trading volume should actually occur should be the token market, not the liquidity pool. And the price formation should occur in the token market.
Let me talk about just one of the problems that the current situation will create; The current Zing price in the liquidity pool is 0.00273 Hive. In the Hive/Zing market, it is 0.00263/0.00359 Hive. The price in the liquidity pool should be close to 0.00311 Hive. As long as the token market does not have the trading volume and liquidity advantage, healthy price formation cannot occur, no matter which way the price moves. I chose Zing because it is a known example. 90% of the tokens in the Hive-Engine have the same problem. Arbitrage bots like Mcbot, God0, Konvik etc. provide some balance. However, they do not provide real users with the opportunity to make a profit due to low transaction volume etc.
We have started studies like the one here regarding Cent. One of the purposes of creating this token is to prevent the problems I mentioned. Such things will remain very weak. However, it is necessary to start from a certain stage.
The reason it should be the opposite is cause there's no fees there?
But yeah I always thought the arb bots would take care of the spread, not sure why it's still that bad. So if it helps with that then I can understand it. Thanks for explaining!
Thank you. There is no transaction fee when trading in the token market. There is a 0.25 transaction fee in liquidity pools. Logically, where the transaction fee is 0, the transaction volume should be higher. However, almost all users who make large purchases/sales prefer the liquidity pool to prevent price slippage. In fact, liquidity pools are destroying the token market in the medium/long term. I can explain this clearly with a visual;
The entire ecosystem is waiting for an investor with deep pockets to come and revitalize the market. However, unless we take steps with the incentives, events and studies I mentioned above, the same result awaits most Hive-Engine projects.
I have been wondering about these accounts. Now I see; they are bots.
These types of bots are more active during bull seasons. They catch more opportunities because the risk appetite of real users increases. They are generally more passive during these times.
I was wondering because I often see them on both sides of the trade. On different days of course.
So it took you 4 years to launch the Cent project. I see now that when I joined Cent, the project was just 10 months old. And then after 3 years and 4 months, you are launching another token. I like its name; I am a lover of free trade and markets. Though I don't fully understand how this token works, I am willing to give it a try once my fund arrives. Thanks for sharing your experience.
!BBH
!PIZZA
Thank you very much for your contributions so far. This has been a very experience-informing process. I hope the upcoming process will add more to the past experiences. The profit will follow.
Yes, though the code aims to remove "trust," but still we cannot completely do away with our basic humanity. I find my two years and six months of being a member of the Cent community very worthwhile. Thanks to you!
I just don't see the point. Aside from the lower cap, how does this add anything?
Hello. I explained the part you mentioned here;
If you have any other questions I can answer them.
Yeah, that still doesn't seem like an explanation. Will the capital generated be used to back the tokens at a certain HIVE price floor?
'Hive-Engine Studies' involves trading Hive-Engine tokens. We provide liquidity for the selected tokens. At the same time, we increase the depth and volume of transactions. We were already doing this with the study I mentioned. The token will provide us with a capital injection. At the same time, we will share a portion of the income with the participants.
That's crypto-bro word salad.
Thank you.
Interesting... Does TRADE token have any utility?
It is built entirely on trading. Therefore, the returns on investments made in Hive-Engine, trading profits, etc. will be distributed mainly to users who hold the token. It may be suitable for those who expect a regular income stream. But in any case, consider your risks.
Every project has its progress and this one will have it quickly. Success.
https://inleo.io/threads/view/omarrojas/re-leothreads-agnjglb4?referral=omarrojas
Thank you.
!BBH !DOOK
Wow! 2000 new trade released from contract! Exciting :) new project update coming soon? !DUO
Hello 🙂 A new report will be published during the day. The circulating supply for the token sale has increased to 5000 tokens. If it happens, orders have been placed for sale on the market between 1.8 and 2.5 Hive. The income will be used for trading and investment.
Perfect! Can't wait! !DIY
You can query your personal balance by
@rainbowdash4l just sent you a DIY token as a little appreciation for your comment dear @anadolu! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:!DIYSTATS7 Days days.Sorry @rainbowdash4l, this post is older than
There are plenty of other great posts out there!
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Learn all about DUO here.
$PIZZA slices delivered:
(1/5) @rzc24-nftbbg tipped @anadolu
@rzc24-nftbbg likes your content! so I just sent 1 BBH(1/1)@anadolu! to your account on behalf of @rzc24-nftbbg.
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@pepetoken likes your content! so I just sent 1 BBH(13/100)@anadolu! to your account on behalf of @pepetoken.
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