You may have noticed; We did not publish our "Hive-Engine transactions" report at the beginning of this month. This was due to a change in strategy regarding transactions. We started Hive-Engine operations in May. Due to the persistence of the bear season, we stopped trading in July and only continued investing. As we mentioned in our previous announcements, the footsteps of the bull season have begun to be heard. We will encounter more new projects in the coming period. We will begin to observe increased liquidity and trading volume before the price movement.
We are trying to increase our liquidity as much as possible in preparation for the bull season. That's why we unstake our curated tribal tokens. In the coming period, we will focus heavily on trade transactions in Hive-Engine. First of all, we will increase the trading of tokens with liquidity pools with Cent. Then we will focus on the major cryptocurrencies available in Hive-Engine.
Account status will not be mentioned this month. We lost some of the leased HP amounting to 30,000 HP due to a problem with Dlease. It currently has approximately 20,600 HP. Our short-term HP goal is to reach 50,000. We are gradually reducing the amount of staked Cents in the account. It will drop to 150,000 cents in about ten days. Our goal is to increase curators' earnings as much as possible. We think it would be more profitable to trade other tribal tokens rather than curate them. Volatility will increase greatly in all cryptocurrencies in the coming period.
We reactivated the reward distribution process in the Hive/Cent pool, which was completed last month. We added approximately $225 worth of LP rewards to the pool. The current APR on the pool is 68%. Hive, Cent, CentG, Leo, Pob and Drip tokens are distributed as rewards. There is $1500 worth of liquidity in the pool. Other liquidity pools where rewards are distributed are Hive/CentG and Cent/CentG. You can check the current liquidity status and APR rates at https://beeswap.dcity.io/pools?search=cent.
We put a lot of emphasis on curation on the community page. The number and quality of posts on our page are increasing. We will continue to increase our community's commitment through various events and incentives.
To get the most out of the Cent Project, think of it as a whole. Participate in authoring, curation, as well as liquidity pools. Try to understand the relationship of the project tokens to each other and their contribution to the functionality of the project. Don't forget to follow @centtoken account.
This is super amazing and I'll always go with the Cent project any day and any time. Thank you for the update @centtoken
Thanks. We wish you luck. But don't forget to diversify your portfolio. Continue to evaluate risks on an ongoing basis.
Thank you for the update. But please explain the quoted part below?
Hello. A certain number of cryptocurrencies are generated in the reward pools of tribal tokens. If the number of curators and total voting power increases, the reward amount per person/voting power decreases. By reducing the voting power of the @centtoken account, we increase the earnings of other curators.
What then is the incentive for more users to stake a hive-engine token if the vote value would decrease with more stakes?
Token creators often keep a large number of staked tokens in their accounts. In Hive-Engine tribes, project owners generally have voting rights. As for Cent, we plan to gradually reduce this rate. A reduction like you mentioned would require a huge change. Even if such a decline occurs, it will cause the financial value of the token to increase due to scarcity. Methods such as token burning are used to reduce inflation.
sending some !LUV to you and the team
@centtoken, @alt-runner(1/1) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. InfoThank you :)
How did it happen? Is this something normal?
Well, that will be good for @kopiko-blanca's account. For now, I only focus my curation in two tribes (Cent and SportsTalkSocial) using two different accounts.
That's big and something that I have to study. I will remember the pair: $HIVE/$CENT.
@kopiko-blanca's account is still weak in providing liquidity pools.
!LUV
!BBH
!PIZZA
The hive.dlease.io website had a problem for a while. Fees for users renting HP have been delayed for a while. Some of these users canceled their rental transactions. Currently the website is operating normally.
We wish you success. While you contribute to increasing the stability of Cent, you also earn profit. Cent will become more consistent over time.
I am positive about the token. Though the price drops from its intended peg, relatively more stable than many HE tokens.
!BBH
@centtoken! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @rzc24-nftbbg. (1/1)
@centtoken, @rzc24-nftbbg(1/1) sent LUV. | connect | community | HiveWiki | NFT | <>< daily
! help(no space) to get help on Hive. Info@centtoken! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @rzc24-nftbbg. (1/1)
!HBIT
Success! You mined 1.0 HBIT on Wusang: Isle of Blaq. Sorry, but you didn't find a bonus treasure token today. Try again tomorrow...they're out there! You can see your random number generated in the Discord server, #hbit-wusang-log channel. | tools | wallet | discord | community | daily <><
Check for bonus treasure tokens by entering your username at an H-E explorer or take a look at your wallet.
Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.
$PIZZA slices delivered:
@rzc24-nftbbg(2/5) tipped @centtoken (x2)
I just added 20 SWAP.HIVE and 4,115 $CENT to the liquidity pool. Thanks for a very informative post reminding us about:
We thank you for your contributions. Good luck.
Thank you also for your support and continuous innovation.
!PIZZA
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