We implemented tightening measures on Cent's reward pool and liquidity pools until mid-December. We increased the reward cut for posts made on Cent's front end and outside of the community page. For a while, we have adjusted author and curator rewards to be staked. We reduced the reward distribution in our liquidity pools. The reason we took these measures was to reduce the sales pressure on Cent. We reduced inflation as much as possible. We increased buybacks as much as possible. Despite all these strategy changes, there was some loss of value.
We hear from some of our project users; "They mention that they received advice such as 'Use the cent tag and sell the rewards'. " There are several reasons behind this and similar statements;
- Many tokens and tribal tokens used in different projects became extremely valuable during the bull season. And they lost 95% of their value during bear season. Most projects are abandoned.
- Cent's reward pool and liquidity pools are not static. The project is actively managed; Strategy changes are being made in the reward pool and liquidity pools. The vast majority of other tribal tokens have no active governance. In fact, the majority of managers abandoned the projects. Contrary to the usual, it is quite natural that Cent is actively managed and users who do not use the project or have limited knowledge think about it in the above-mentioned way.
Let's come to the subject that is the focus of this post;
- The prize pool produces 6 Cent Tokens per minute. This means that writer and curator income is increased by at least 20%.
- Obtained author and curator rewards are staked at a rate of 50%. This rate was adjusted to 100% staked for the last month and a half.
- We added more rewards to liquidity pools. We increased the APR rate as much as possible. Current APR on Hive/Cent pool is 198%. Current APR on HBD/Cent pool is 95%. We have also reactivated the reward distribution in the Cent/CentG liquidity pool. Current APR is 50%.
- Current APR on Hive/CentG liquidity pool is 168%. We add some of the revenues we have earned since we started Hive-Engine investments and trading transactions to this pool as rewards. Therefore, the APR rate in this pool and the variety of tokens in distribution will constantly increase. It will be more profitable for users investing in the CentG token to provide liquidity to this pool rather than keeping the token idle. There will be posts containing detailed information on this subject.
Let's be realistic; The vast majority of cryptocurrencies will disappear. As we mentioned above, many tribal tokens lost their value due to inflation. Many project tokens will turn into waste in the coming period. However, those who use the Cent project know; The Cent project is actively managed. We've made the Cent more than just another tribal token. No token sales were made in the initial phase. Or sending/selling tokens in exchange for HP delegation, etc. not done. We will continue to add inflation-reducing usability features in the coming period. We have six liquidity pools. Distribution of liquidity provider rewards continues in four of them. We started Hive-Engine operations in the past months. We have turned our governance token, CentG, into a passive investment project. In the coming period, we will continue to actively manage the liquidity pools and reward pool in line with the project strategy.
Follow @centtoken account for announcements and news.
Cent, Weed cash and Neoxian have really helped me get established on Hive. I'm going to continue supporting Cent with the little I have. 🤣😇
Thanks for your support. We hope contributes more in the future.
That and it's a great project!
Make Cent Token Great Again
Thanks. We continue to work to make it better.
It's great to hear some Hive-engine projects are still building and growing. Hive is a tough place to survive, especially in this current bear market. Good luck on your continued journey, it sounds like some great steps have been implemented to tighten the ship and allow for a prosperous year!
!SLOTH
Thanks for sharing your thoughts. We hope the bull season will last longer. Hive moves very slowly. Over time, it will adapt to positive price movements.
Dang that's honest right there! Like the leo premium scam and that disaster of a group after screwing over it's customers. Don't pay for markdown!
I have been into cent LPs now and I think it is amazing!
We wish you success and a profitable process. There are many more features to explore in Hive Blockchain :)
It's nice to hear about the renewal of liquidity pools. It is definitely worth accumulating a token.
Thank you for your comment. Liquidity pools will be more decisive in Cent's future.
Yeah, for quite some time I didn't know how to receive yield from $CENTG not until I realize the use of LP.
The resulting profit can be distributed to token investors using any bot. However, this method will be both more costly and less functional. The reason we created the Hive/Centg liquidity pool was; The liquidity pool automates profit distribution. It facilitates the buying and selling of the token. It ensures consistency in the price movements of the token. We can list many more reasons.
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for Leofinance and Cent
Thank you.
Noted. It's just the good time to get some significant amount of CENT ahead of the bull run. Besides, even at 100% staked reward, those who know the future would still be active around here. CENT is different from other small hive-engine tokens.
Thank you for sharing your thoughts. We made the changes in the staked rate mainly to reduce the selling pressure in the token market. Liquidity pools came into play. We can now expect a stabilization in the price of Cent followed by an upward trend. Of course, balances in the general crypto market are also important. Please balance your risk. So you can aim for low losses and high profit rates in every situation.
All the activity to keep CENT stable and worth investing in. Thanks for all that you do!
Happy to be invested in the CENT liquidity pools, also I don't put CENT on the market, but stake or swap it. Someday we'll see either CENT 0.003 HIVE @ $3.30 or CENT 0.033 HIVE @ $0.33, either way, CENT will eventually be close to $0.01 USD someday. 10x baby!
Thanks for your comment. An increase in value in both will make our job easier :) We wish you luck.
I'm loving my cent holdings... I really shouldn't have used one chunk of my cent leo tokens to shift to leo. That token then took a huge hit and I lost a big chunk of worth. Now having to trade to get it back.
Love that cent has such a dedicated group of traders! Solid token!
Thanks for sharing your thoughts. We can talk about something interesting for Hive-Engine; The majority of users on the Hive blockchain have not yet discovered Hive-Engine and the projects within Hive-Engine. Projects of tokens such as Sps, Glx and Zing began to increase awareness. Over time, it will begin to become widespread within the blockchain and other blockchains. Projects like Leo and Cent can start to reflect their true potential from now on.
Zing that disaster... That's going to end worse than Leo is.
And yes I agree. I'm working hard on organizing more people to trade and help make volume. Besides making more to add to your influence.
You can make some.blogging then trade and make better than you can if you are blogging if you are good.
This second layer thing and diesel pools? My idea. Finally happened. Should have asked for credit and 1%
Yes. We are generally talking about liquidity pools and other Hive-Engine solutions. Nice profits can be made with a strategy that balances content sharing, curation and liquidity pools.
Yeah, that's sad. I know some names. To me that boils down to credibility.
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Cent is great! I'm loving it.
Will see about this, but right now am only intrested in a few hive engine tokens to boost my earnings and experience on the blockchain
Thank you for sharing your thoughts. We continue to do our best to do a good job.