Hello. I shared the last situation about the Cent Tribe last October. I will share some information about the project, the prize pool, the liquidity pools and the current status of the tribe.
There are approximately 4,738,000 Cent tokens in circulation. 50% is staked. There are approximately 1,288,000 Cent in liquidity pools. Approximately 700,000 Cents were transferred to liquidity pools to be distributed to liquidity providers. The remaining Cent tokens may be in liquid form in the accounts. Or a limit order has been entered to be sold in the market.
The prize pool generates 5 Cents per minute. The prize pool is scanning the 'cent' tag and the 'hive-173575' community page. We can collaborate with different community pages. Authors and curators receive 50% each. If you unstake the Cent, it will become liquid in 4 installments in 28 days. If you cancel your Cent delegation, it will return after 7 days.
Earlier I announced the management token called CentG. And we started selling CentG. However, no token sales took place. Project management continues to cover the costs of the project. For example: Approximately 600,000 Cents have been purchased from the market in the last three months. We have resumed distributing Cent as rewards in liquidity pools.
There is $1481 worth of liquidity in the Hive/Cent liquidity pool. In the last 7 days, $1172 worth of trading volume has been realized. Liquidity provider rewards continue to be distributed.
There is $322 worth of liquidity in the HBD/Cent liquidity pool. In the last 7 days, 381$ worth of trading volume has been realized. Liquidity provider rewards are active.
$3060 worth of liquidity available in the Cent/CentG liquidity pool. In the last 7 days, $1178 worth of trading volume has been realized. Liquidity provider rewards continue to be distributed.
There is $203 worth of liquidity in the Cent/Pob liquidity pool. In the last 7 days, a trading volume of $ 150 has been realized. Liquidity provider rewards will be active again in the coming days.
There is $214 worth of liquidity in the Cent/Leo liquidity pool. In the last 7 days, a trading volume of $ 150 has been realized. Liquidity provider rewards will become active in the coming days.
About ten days ago I asked a question about which Cent pool we should reactivate liquidity provider rewards. It was requested to be activated in HBD and POB pools. We have activated the rewards in the Hbd/Cent pool. Next up is the Cent/Pob pool.
The data and images in the share were obtained from https://tribaldex.com/dieselpools/pools and https://beeswap.dcity.io/swap?pools&search=cent. Follow @centtoken for new announcements and events. See you later.
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Those look like some great returns!!
Yes. Added some Cent rewards. Liquidity has decreased a bit lately. APR will decrease as new liquidity is added.
Great work! Keep pushing!
Thank you. Work continues for the bull season :)
Yay! 🤗
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Well done
Thanks for sharing your thoughts.
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Upvoted 👌 (Mana: 0/40) Liquid rewards.
Thank You.
Nice! Think I'm gonna check out the Cent/Pob pool.
Thanks. LP rewards in the Cent/Pob pool are currently active.
Cool, gonna check it out!
Great update there.
Thank you for your comment.
My understanding was the CENT is a asset-backed stablecoin, with one CENT backed by $0.01. Is this not valid anymore? Or was I with a wrong understanding from the very beginning?
Cent is not pegged or backed by any currency. However, there is a target to reach $0.01. In other words, strategies in the prize pool and liquidity pools are developed accordingly. However, Cent Token was heavily hit by last fall's crash and its value has plummeted. You can view the related content from the links below.
https://peakd.com/hive-173575/@anadolu/update-cent-s-price-has
https://peakd.com/leofinance/@anadolu/cent-token
Always nice to read some data :)
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Will the SWAP.HIVE:CENT pool LP rewards be refilled soon?
Hello. Rewards have been re-enabled. Added some rewards. More rewards will be added.