CentG Token Liquidation Report
https://peakd.com/hive-173575/@centtoken/centg-token-liquidation-report
Hello dear Cent Community. An announcement regarding the liquidation of the CentG token was published a month ago. As of May 8, 00:01 UTC, we will completely stop supporting the token. We thought it would be appropriate to make a final announcement for CentG investors.
- You can send 1 or more CentG tokens to @centtoken account until the token is liquidated. You will receive 1 CentG = 3000 Cent tokens stake.
- If you wish, you can sell CentG tokens using the Cent/CentG liquidity pool. Wait if the value of CentG drops below the 2750 Cent price. We will provide the necessary liquidity to the pool until the liquidation time.
- We will stop our support for the CentG token after the liquidation period. CentG tokens sent after this liquidation period will not be taken into account. Reward distribution will be stopped in Cent/CentG and Hive/CentG Liquidity pools.
- The reward distribution process of some liquidity pools is ongoing. However, in these pools, CentG tokens are distributed as LP rewards. The value of these tokens will be calculated as of the liquidation period. And soon LP rewards equal to the value of these tokens will be added to liquidity pools.
- 500,000 Cent Tokens borrowed from @balina account due to liquidation procedures will be refunded. If there is any surplus from the Cent tokens produced for liquidation, all remaining tokens will be burned.
If you have some CentG tokens in your account or liquidity pools, please convert these tokens to Cent Tokens before the liquidation period. Under this content, we will mention about users who have 1 or more CentG tokens. Other than this, no announcement will be made. See you later.
What should we do with the CENTG tokens we're still getting from the liquidity pools? Will they have any value? !WINE
Hello. It was also mentioned in the text above. At the time of liquidation, the price of CentG tokens remaining in the pools will be calculated and different Hive-Engine tokens will be added to the pool as LP rewards. As the management of the project, we will withdraw our support from the token. I mentioned it in detail in the content and comments here; Launch during bear season etc. There was no demand for the token for many reasons. Before the liquidation announcement, LP rewards were constantly running out. After the announcement, these sales further reduced the Cent's price. I don't think it will have any value after the liquidation process. Burning the CentG token earned after the liquidation process would be the best choice. At least it won't mess with your wallet :)
The CentG Richlist shows only 14 accounts with one or more CENTG token (excluding @null). These accounts only have 82 coins.
It looks like your main problem is with CENTG dust.
!PIZZA
Hello. Actually, it should have been a week or so. In this process, CentG sales also negatively affected the price of Cent Token. However, considering the benefit of the users, we determined a long period of one month. We will withdraw support from the CentG token upon the end of the liquidation period. It is up to users to decide whether to keep the remaining tokens.
$PIZZA slices delivered:
@yintercept(1/15) tipped @centtoken
I just started a powerdown, I hope the liquidity lasts until I can get the last one.
Hello. CentG token staking feature is not open. You can withdraw CentG jetun from liquidity pools at any time. There is no waiting period for these transactions.
Yes, the cent token is being unstaked.
Congratulations @centtoken! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 3000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
Dang.. I just sent my CentG prior to seeing this. Looks like I was 4 hours late.
Hello @torran. This is not a problem. A significant part of CentG could not be liquidated. We took a screenshot at the specified purge time. We will issue an announcement during the day for those who held 1 or more CentG tokens at the time of the screenshot. Your staked Cent tokens have been sent.
Thank you so much!