Hello again. In May 2023, we announced a study called "Hive-Engine Investment Transactions." Our goal with this study was to provide management financing for Cent. Thanks to this study, we created new liquidity pools. We continued distributing rewards within these liquidity pools, etc. As the study continued, we distributed the study rewards as LP rewards within the HBD/Cent liquidity pool. We later professionalized this study and transformed it into Trade Token Study.
More than a year has passed since we announced the Trade Token Study. We continue to distribute the study rewards as LP rewards within the Hive/Trade liquidity pool. The current APR in the liquidity pool is 62.5%. There are 6,500 TRADE tokens in circulation. Approximately 1,700 of these tokens are awaiting distribution as LP rewards in the liquidity pools. Approximately 2,600 TRADE tokens have been added as liquidity to the Hive/Trade and Cent/Trade liquidity pools. The @centtoken account holds approximately 2,000 tokens. The remaining tokens are held in liquid form in other users' wallets.
We continue to contribute approximately 50% of our revenue from this work to the Hive/Trade liquidity pool as LP rewards. Recently, we have primarily traded Hive, HBD, Bee, and BEED. We also continuously conduct market-making operations in the markets and liquidity pools for Cent, Leo, Pob, Unicoin, Atx, and Lbi tokens. Therefore, the tokens I mentioned are being added to the pool as LP rewards. We will expand the range of tokens traded in the coming period. However, we will still prioritize stable cryptocurrencies and tokens we collaborate with.
We believed that providing an average price forecast for the TRADE until all TRADE tokens (21,000 tokens) are in circulation would increase predictability for investors and liquidity providers. A $1 price target for the token is quite reasonable for now. During periods when the token price is below $1, we will allocate a portion of our revenue for buybacks. We will only enter market-maker orders in the token market. During periods when the token price is above $1, we will enter cent buyback orders in the Cent/Trade liquidity pool. However, we will not make price-changing interventions in the token market or liquidity pools. If the success of the study increases in the coming period, we may set a new target price. Once the entire token is in circulation, the price decision will be entirely up to investors and users trading the token.
Feel free to ask any questions you may have. For more up-to-date data on the study, follow the weekly reports shared by @centtoken. See you soon.
Posted Using INLEO
Many thanks for the update, it's much appreciated! I love TRADE! 😁🙏💚✨🤙