We have initiated several projects to increase the usability of Cent. We have combined some of these projects. Two separate projects were designed for BEED and BEE tokens. However, we decided to announce these projects in summary form. We are continuing to carry out the aforementioned projects in the background. This announcement will make the project more active. The Bee/BEED Token Project includes many parameters. I will mention a few of them:
The @centtoken account:
- Generates income by trading and investing in BEED. Transfers a portion of the income earned to the Bee and BEED Study pool.
- Transfers a portion of Cent's liquidity to the Cent/Bee liquidity pool. Transfers the earned Bee tokens to the Bee/BEED Study pool.
The @centtoken account converts a portion of the Bee tokens it earns into BEED tokens and adds these tokens to the Cent/Bee liquidity pool as LP rewards. A portion of the remaining Bee tokens is also added to the Cent/BEED liquidity pool as LP rewards. By staking a small portion of the remaining Bee tokens, the account portfolio is continuously increased.
As you know, the BEED token is newly launched and no work is being done on it yet. Therefore, demand for the token is currently low. Also, we need to pay a 1% commission to obtain BEED tokens. The BEE token is one of the most important tokens for Hive-Engine. However, like the Hive Blockchain, Hive-Engine and Bee tokens are not being marketed. We need to investigate the functionality of this token. We will also introduce the BEE token through this research.
=> Cent/BEED Liquidity Pool and LP Reward Distribution Active
We announced the Cent/BEED liquidity pool 15 days ago. We added a total of 750 BEE tokens as LP rewards to the liquidity pool. We also added a total of 150 BEED tokens as LP rewards to the Cent/Bee liquidity pool. As the operation becomes more efficient, the demand for these pools and the returns they offer will increase. We will offer a solution that will allow users to easily obtain either Bee or BEED tokens, or both, at a lower cost. All of this will further increase the demand for Cent. Follow @centtoken for quick access to new announcements and reports. See you soon.
I really love all the hard work to help not only CENT grow, but also the other projects on Hive and Hive Engine!
Great job!
I agree! It's some great work coming from CENT
!BBH
Thank you for your comment. Cent's ceiling for development in Hive-Engine will be as much as Hive-Engine. Therefore, the more Hive-Engine is used, the more Cent's potential will increase. We will continue to do our best for this.
I am really puzzled by the ongoing study you are doing. I understand recently that BEED is a stable coin, but I don't get how it relates to BEE and how both BEED and BEE will increase the demand for CENT. You lost me there. I am slow when it comes to the tokenomics of the CENT token.
Our family's accounts have small stakes in BEE, 89 tokens.
!BBH
!PIZZA
Hello. I am copying from the link I gave in the last paragraph; "Bee token is the base token of Hive-Engine. Bee token is used to pay transaction fees related to creating tokens, adding new features to tokens, creating liquidity pools, activating rewards in liquidity pools, managing smart contracts, and creating and managing tribes. There is also a tribe affiliated with the Bee Token. You can access the front end of the tribe at https://tribaldex.blog/."
I mentioned the BEED token above and in the announcement I shared before when creating the Cent/BEED liquidity pool. Both tokens are very important for Hive-Engine. The demand for these tokens will trigger the demand for Cent's Bee and BEED liquidity pools. Currently, the only pool of Bee token that has sufficient liquidity and offers LP rewards is the Cent pool.
Thank you! I know how important BEE is to Hive Engine. As for BEED, many on Hive are just like me and don't know that this stable coin exists until you mention it in your posts. Anyhow, it's good that both the CENT:BEE and CENT:BEED pools can increase the demand for CENT. I observe that CENT:BEED has 82.814% APR at the moment.
Interesting strategy, should pay off long term helping Cent and BEE. I hadn't heard of BEED before, I'll need to look into it and the pools !SLOTH and steady does it!
Thank you for your comment. Unfortunately, Bee still hasn't received the value it deserves. I hope this problem will be solved with the effect of the BEED token. We want to contribute to this development a little with Cent.
Nice one... keep on keeping on. Following the progress with interest.
!LUV
!hiqvote
Dear friend, I will always visit you in your publications, today I made a publication about yoga, I hope your nice visit. Greetings from Venezuela.
Thank you for the comment.
So many great options and investment opportunities with CENT token. !BBH
I am curious: how did I deserve to earn BEED for the last 9 days? What did I do to have such an opportunity? And by the way, what's the utility of BEED?
!PIZZA
!BBH
You probably provided liquidity to one of Cent's Bee, BEED, Trade liquidity pools. I briefly provided information about Beed here.
Now I see it. It's because of CENT:BEE LP. I only have an LP position worth $2.00. I wonder if I will make it $20; that would mean I will receive 0.03 BEED daily?
The APR too is very high—116.95%! Why is that?
$PIZZA slices delivered:
@arlenec2021(1/5) tipped @anadolu
I noticed something while exploring Hive Tools and thought it might be worth sharing. It looks like your account has several active authority permissions granted to other apps. While some of these might be intentional or necessary, others could be outdated or unused, which might expose your account to potential security risks.
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Keep up the awesome work!
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