Hive-Engine Operations Report (May 2024)

Hello dear Cent Community. As you know, we did not publish the "Hive-Engine Operations" report last month. This was because we were in the liquidation phase of the CentG token. With this report, we will continue where we left off with regular announcements.

The reward distribution period in the HBD/Cent liquidity pool has ended. Today, we restarted the reward distribution period to liquidity providers. We determined a distribution period of five months. We added 15 HBD, 50 BEE, 50 DRIP, 250,000 CENT, 250 LEO and 15000 POB tokens to the liquidity pool for distribution. So $291 worth of prizes were added. New rewards will be added as the amount of liquidity in the pool increases. We will also add some of the profit we make from Hive-Engine Transactions to this pool as a reward. The current APR on the HBD/Cent liquidity pool is 86%.

There are 108 Swap.Hive tokens in the account. We have some 750 HP. There are 39,200 HP leased. We will continue to increase the voting power of the account with new leases.

Leo, Pob, Drip etc. for a while. We earned some passive income by staking tokens. However, we canceled the staking of these tokens in the last month. We added these tokens as rewards to the HBD/Cent liquidity pool. In the next period, we will focus on trade transactions. We think that with the bull season, we will earn more income from trading transactions than staking.

Cent Token will be buy back with a portion of the revenues obtained. Part of the proceeds will be converted into Hive, HBD, Bee, Leo and Pob tokens. And we will contribute to increasing the amount of liquidity in liquidity pools. @centtoken account will not receive any LP rewards from liquidity pools. However, it will generate some income from 0.25% transaction fees.

Detailed information about 'Hive-Engine Operations' is available in the link below.
https://peakd.com/hive-173575/@centtoken/hive-engine-investments-begin

Follow this account for new announcements and event news.