Hello dear Cent Community. We had a very positive last month in terms of Cent price. The Cent price, which was 0.0029 Hive at the beginning of last month, is now 0.0041 Hive. The staked Cent rate has decreased slightly. This is because we added three million new Cent tokens to Hive and BTC liquidity pools for reward distribution. We also increased the number of tokens generated per minute from four to five last month. During the month, the APR on the reward pool for curators had dropped to 17%. Currently, the current APR on the reward pool is between 19%-21%. We explained the reason for the change in the amount of tokens generated in the reward pool here.
The reward pool generates 5 new tokens per minute. This means 7.200 tokens are generated per day and 2,628,000 tokens per year. The generated tokens are distributed as 50% curator rewards and 50% writer rewards. If the writer uses a community other than Cent's community page when publishing content, a portion of the writer rewards goes to the @centtoken account. 50% of the distributed rewards are automatically staked. If you initiate a power-down, your tokens will be paid out within 28 days (in 4 installments). If you withdraw a Cent delegation, your voting power will return after 7 days.
There are 29,750,130 Cents produced in total. 35.72% of these tokens (10,627,075) were burned. There are 19,123,055 tokens in circulation. 46.22% of the tokens in circulation (8,838,553) were staked. 5,959,206 of the tokens in circulation were added to liquidity pools. 2,850,669 tokens were added to liquidity pools to be distributed to liquidity providers. The remaining tokens are liquid in wallets. Or a sell order may have been placed in my Hive/Cent market.
The amount of new Cents staked in the last month is 276,553. The amount of Cents burned in the last month is 12,575. The amount of Cents added to liquidity pools in the last month is 372,123. It has been about two months since we started the delegation work. We currently manage 1,827,168 Cent. In this work, we will encourage more Cent to be staked by offering APR as high as possible from the APR rate in the reward pool. About 12,500 Cent were burned in the last month. This is a very low amount. We need to do a study on this. You can reach the previous report here. Follow @centtoken for new announcements and news.
Posted Using InLeo Alpha
That is an impressive performance!
!BBH
!PIZZA
We hope it comes to better places.
Soon, it will.
Nice to see that some of the hive. Engine communities are still working
Thank you. We are doing our best to make it work. We hope Hive-Engine will return to its former vitality.
That is a nice increase on the Cent price. : )
keep going., and keep on building
Thanks for your comment. The work continues. We hope it gets to better places.
Great news!
I am very much curious and looking forward to what will happen when the rewards from the different pools dry up (HBD 15 days | LEO 41 days | BEE 14 days | POB 41 days) imo it would be somewhat dissappointing if this liquidity leaves the cent ecosystem.
Do you guys have any thoughts on this?
Overall, glad I joined in! love the informative nature of the updates (and that there is no overhyping bs!) great job guys!
Our oldest liquidity pool, the Hive/Cent liquidity pool, has been distributing rewards continuously since May 2021. All our liquidity pools are the same. They have been distributing rewards since their creation.
Thank you for your support, sharing your thoughts and questions.
Thank you for the reply! Reading in as much as I can, got a lot to catch up on:) but will try to contribute with idea’s as we progress!
$PIZZA slices delivered:
@kopiko-blanca(1/5) tipped @centtoken
@centtoken! @kopiko-blanca likes your content! so I just sent 1 BBH to your account on behalf of @kopiko-blanca. (1/1)
(html comment removed:
)
This is great news! Always wish I bought more while it was cheaper, better buy now while it's cheaper before it will be someday.... 0.055 hive.
Thank you for the update, it's an impressive one.