In September 2022, we announced the CentG token. However, due to a lack of expected demand, we liquidated CENTG by paying our users Cent equal to the token's value. Token management was securely transferred to the @null account, the total supply was limited to 1,000, and 15 were permanently burned, reducing the current supply to 985. Recently, we announced several initiatives to make the Cent Project more functional. The TRADE and TRIBE studies focus on the trading and investment areas within the Hive-Engine. The Delegation Work focuses on curation, the Stablecoin Study focuses on making Cent more stable, and the CentG Study will focus on Liquidity provision.
🪙 CENTG Token Metrics
Maximum Supply: 1,000 CENTG
Total Available Supply: 985 CENTG
Liquidity Pools: CENTG is currently only paired with Cent and Hive. Hive/CentG and Cent/CentG liquidity pools and LP reward distribution are active. Work rewards are distributed in the Hive/CentG liquidity pool. The Cent/CentG liquidity pool will act as an incentive for tokens. 500 CENTG Threshold and Cent/CENTG Incentive. A secondary mechanism is activated depending on the amount of CENTG accumulated in the @centtoken account's wallet: Up to 500 CENTG: Tokens are held in the wallet. Anything exceeding 500 CENTG is gradually transferred to the Cent/CENTG liquidity pool as an extra LP reward.
🔄 Phase 1: Revitalizing Passive CENT Pools
As part of the Stablecoin Project, we have already made the pools (HBD, Hive, and SHORT) more attractive. Now we will focus on Cent's other liquidity pools. In the first phase, CENTG incentives will focus on Cent's BTC, ETH, USDT, BEED, Bee, Leo, Pob, Atx, Lbi, etc. liquidity pools. The @centtoken account provides liquidity to the aforementioned liquidity pools. @centtoken collects all revenue and tokens (excluding Cent) from these pools. These collected tokens are converted to SWAP.HIVE. The resulting SWAP.HIVE is added to the Hive/CENTG liquidity pool as an LP reward.
🚀 Phase 2: Spreading Across the Hive Engine and Focusing on Yield
The CentG Study will not be limited to Cent's own pools. The primary goal of this project is to transform the CENTG token and its liquidity pools into a large-scale liquidity provider protocol. After achieving success with the initial pools, the mechanism will be expanded to all other Hive-Engine liquidity pools. This project will evolve into a comprehensive endeavor that generates continuous revenue by providing liquidity to different pools on Hive-Engine, offering users high and sustainable returns.
📈 Current Status: System Active!
This new project is now functionally implemented: The @centtoken account has collected approximately 300 CENTG from the market. A certain amount of Hive and CentG tokens have been added to the Hive/CentG anda Cent/Centg liquidity pools as LP rewards.
In conclusion; our SHORT, TRADE, TRIBE, and CENTG Studies, and the related token pools, are adding more functionality to making the CENT token a liquid token. This option is more advantageous than leaving the CentG pools idle. The diversity of the work we conduct will also give us an advantage in reaching users with different goals. The data that @centtoken will release weekly will demonstrate the advantages and usability of the initiative. Follow @centtoken for more detailed information and up-to-date data.
