Hello. Cent's prize pool was updated about a month ago. We added beneficiary for 10% of shares held outside the front end. We announced that this resource will be used to create new liquidity pools, add rewards for liquidity providers to liquidity pools, and further support sharing on the frontend and community page. We've slightly increased the token supply to prevent curators and creators from being impacted by the outage. We will share some information about the prize pool and the project.
- The prize pool generates 5,760 tokens per day. Last month we switched from generating 2 tokens per minute to producing 5 tokens per minute. This amount is slightly reduced. Currently 4 Tokens are produced per minute. We will continue to make adjustments so that the cent price stays close to the target price.
- The prize pool has temporarily stopped crawling the hashtag #introduceyourself. The frontend and community page will be given more weight for a while. We will continue to scan this tag after a certain period of time.
- A new liquidity pool will be created very soon. We announced that we will use CENTG, the management token of the project, more actively. Most likely, the new liquidity pool will consist of the Cent/CentG pair. We are exchanging ideas for the pool to have a guiding influence on other Cent pools and the Cent market.
- We started to increase HP. Part of HP is leased. Rentals will continue. In order to increase the number and quality of shares on the front-end and community page, support in this direction will increase even more.
In the Hive/Cent market, we have reached a certain level of liquidity with the effect of market maker transactions. The stability of the token price has reached remarkable degrees. Studies continue. Keep watching us.
I'm definitely going to check this LP out. Thanks for the votes, I stake most of my cent token but I think this gives me another approach to profit from the token.
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Thanks for sharing your thoughts. Of course, you can sell it for other needs or for a different investment. It is very profitable to sell, especially when the price goes well above the $0.01 level. Likewise, trading when the price is below $0.01 will be a good investment. Of course, these are not investment advice. You should diversify your capital by making a basket and choosing different investment tools.
Understandable.
The fifth liquidity pool! Yeheey!
Great update!
What do you mean by rentals? I missed this.
Another good development. It is actually in HIVE/CENT liquidity that I intend to test as my fund allows.
Thanks for the update!
In fact, liquidity pools and staking should be used simultaneously. You must always have staked and liquid tokens in hand. So when there is price volatility, you can take advantage of it. At the same time, you will continue to earn a curator award. HP can be rented from Blocktrades.us and dlease.io. We wish you luck.
The goal, for now, is staking. After staking a substantial quantity of the token, I think that is the time to keep a certain number of it liquid. Thanks!
Cent provided another useful stablecoin to Hive ecosystem. Great to see that a governance token is on the way 💪🏼
Thanks for your comment. The management token will be very useful for price stability. We should increase the usage area especially in liquidity pools.
Good work on this project! We have quite a bit staked
Thanks. And good luck.
Yay! 🤗
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Super excited and I'm involved with multiple cent liquidity pools and I was so excited when I saw the centg liquidity pool!
Phenomenal project I'm really excited to be a part of it.
Me and my puppy dog wish this project the greatest of successes.
Thanks for your comment. We wish you luck.
Thank you very much we really appreciate all of your hard work!!!