Hello dear Cent Community. I published the last announcement about the current status of the Cent project in April. The bear season has been continuing in the cryptocurrency market for almost a year. There has been no change in our strategic moves since April. We mentioned the current status of the @centtoken account and "Hive-Engine transactions" in the last two monthly reports we published; We are now starting to hear the footsteps of bull season. We cannot predict when bull season will begin. However, it is necessary to start preparations slowly.
Let's talk about the current status of the Cent Token;
There are 6,775,000 Cents in circulation. 52% of these are staked. Liquidity Pools have approximately 1,400,000 Cents. Approximately 135,000 Cents are in liquidity pools for distribution to liquidity providers.
Current status of CentG Token;
Of the 1000 tokens in circulation, 750 are in liquidity pools. 74 CentG is in liquidity pools to be distributed to liquidity providers.
- Recently, the reward distribution period in the Hive/CentG liquidity pool has come to an end. We restarted the prize distribution in the pool. We added 15 Hive, 22 CentG, 7300 Cent, 7.5 HBD, 500 Pob, 30 Leo to the pool to be distributed to liquidity providers. We will continue to add some of the profits from Hive-Engine transactions to this pool as rewards.
- Liquidity provider rewards continue to be distributed in three of our six liquidity pools. There is $1760 worth of liquidity in the Hive/Cent pool. Current APR is 60.4%. There is $363 worth of liquidity in the Hive/CentG pool. Current APR is 75.7%. There is $4830 worth of liquidity in the Cent/CentG liquidity pool. Current APR is 50.3%. You can check liquidity and current APR rates at https://beeswap.dcity.io/pools?search=cent and https://tribaldex.com/dieselpools/pools.
The current status of the @centtoken account is as follows;
We reached 844 HP in the account. 800 HP was delegated to @zingtoken account. There are 29,144 leased HPs. You can check the current status of Hive-Engine tokens from the image below.
NOTE: Since the account is constantly being processed, the current HP or coin count may change. You can check the current data from the account's wallet.
See you in new posts, stay tuned.
Thanks for the update. The future of the crypto market is sparking some hope. I hope the layer 2 of Hive also gets impacted positively by the coming bull.
Thank you. I hope expectations come true. Hive's second layer is quite promising. It is especially necessary to follow new projects closely.
Good update it's been a while. I have a feeling we can return back to a cent but also just the fact of the rewards in the liquidity pools is actully a huge with for the last few months.
Compared to other tribal tokens, the Cent price has held up well over the past year. The most important reason for this is liquidity pools. And offering liquidity provider rewards other than curation income. I also think that the next period will be more positive. Thank you for your comment.
Congratulations on this amazing project, sustainability is very important and you managed to maintain it quite well
Thank you. I hope the token price will reach better places in the future.
Good afternoon. I want to clarify one point that I encountered earlier and see it in your liquidity pools. By including a bonus of only 1%, the top, richest shareholder receives additional profit, while all other investors lose it. You indicated a bonus of 4% and 170 days. This does not work well in attracting new investors who operate with smaller amounts of liquidity. Turning off bonuses levels the playing field for everyone and allows everyone to earn fairly based on their contributions. One more thing, the longer the bonus is valid, the more it withdraws funds from the reward of those who expect to receive it according to what is indicated in the reward column. But, if you decide to encourage people so that they outshine the richest account with their assets, then there is no question, lol, this is your tactic, but it may run counter to the interests of shareholders. Just in case, I will double-check this tomorrow by comparing and taking screenshots of the declared awards and the awards that I received in reality. Today I forgot to do this, but it’s easy for you to check.
Good afternoon. The purpose of the +1% bonus reward distribution for users who provide liquidity for a long time is to encourage permanent liquidity. Additionally, this method will reduce inflation in cryptocurrency. It may seem natural to reward loyalty. It is not recommended to add liquidity to a liquidity pool with 4% APR, even if it is a Stable/Stable cryptocurrency. When there is price fluctuation, even at very low rates, your liquidity will be at risk. When it comes to Cent pools, the current APR in the Cent/CentG pool, which offers the lowest APR - for now - is 48%. This is a low rate even when we include 0.25% transaction fees. Of course, more prizes will be added to the pool. Certainly. I would be happy if you share it. We can examine it together.
Just in case, I’ll explain what I’m talking about in a visual form.
I should have gotten about 15 cents, but ended up with just over 13 cents. I made this screen after adding 13 coins to the liquidity pool and they could not affect the difference in the screenshots during this day. If you remove the 4% bonus, all holders will receive as many coins as they see on their liquidity pool interface.
About what I should have gotten
And this is what I received in my wallet.
All rewards have been reduced, not just the cent.
I hope that I didn’t mix anything up, but I already encountered a similar problem in another liquidity pool and the problem was solved and everything ended in a happy ending for all coin holders.
The reason your rewards and potential rewards are different in this screenshot is because you added new liquidity. Each time you add new liquidity, you will receive the rewards of the added liquidity in the next period, not in the current distribution period. For example; Let's say you added a new amount of liquidity at 18:00. At 19.00, the liquidity pool distributed the rewards. You will receive the rewards of the liquidity you have previously provided at 19.00. You will start receiving the rewards of your newly added liquidity starting from 19.00 tomorrow during the distribution period. Bonuses do not change potential rewards.
I checked that the amount of reward indicated in the liquidity pool interface was slightly affected by the 23 cent coins that I added and the amount remained within the limit of 15 coins. Therefore, I am inclined to think that a delay of a day or two is not the reason that the actual reward is 13 and not 15 coins. As I already said, I encountered such a problem and it was completely eliminated when the bonus from 1% was changed to 0%, this was the recommendation of the hive engine management, their technical support. You can check it yourself; you can enable and disable this bonus at any time convenient for you. I am not a developer and I can only analyze the parameters that are obvious to me, especially since this problem is already well known to me from the CCC:WIT liquidity pool (the problem was solved very quickly and efficiently 😃) and it was this bonus that influenced the reduction in remuneration.
I canceled +% bonuses on all pools. I hope the problems you mentioned have been resolved. Thank you for your feedback.
I think that for this you will receive a lot of gratitude from all shareholders, and from me please accept... thank you! !ALIVE !LOLZ !VSC
I just realized that the data on Beeswap can be misunderstood; "Daily bonus 1%" The correct expression should be as follows; It should read "User providing liquidity for x or more days receives current APR+1% bonus".
I meant a different bonus, it can be seen when the liquidity pool has already been created. You can adjust it at your discretion, but ideally make it equal to zero.
I think that if you consult with the hive engine management service, they will explain to you better how and what this bonus affects, but it does not add to the rewards of the majority of shareholders, but, on the contrary, reduces their rewards in favor of the richest shareholder. This is how it was explained to me.
Thank you. When starting the reward distribution period in the liquidity pool, I set a rule that said "Every user who provides liquidity for 30 or more distribution periods will start receiving +1% bonus." As far as I understand, when liquidity is provided for 30 or more periods, there is no 1% bonus. A pileup is forming. For example; When liquidity is provided for 60 or more distribution periods, a +2% bonus reward is received instead of +1%. Unless the problem is caused by a different parameter, of course. Thank you again. Apparently it would be wise not to set any bonuses when starting the distribution periods.
It seems to me that the rewards are high enough without any bonuses 😃👍
!ALIVE
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Thanks for the update! Looking forward to this upcoming Bull market! 😀
Bitcoin actually continues its bull season. BTC made the price correction and continues on his way. Its price has gained $18,000 since the beginning of the year. However, the situation is very bad for other cryptocurrencies. It is doubtful whether many of them will even reach their bullish peak. I guess we won't have to wait long for the bull season :)
Yes, it is going to be interesting to see which ones will rise like the phoenix again. Those from the last cycle will have some bag holders waiting to offload, so im not so keen on them! lol
You are right. At the first stage, it would be wiser to turn to cryptocurrencies that have not seen a bull season. Cryptocurrencies of projects introduced two or more years ago will be subject to strong selling pressure at each resistance level.
It's good to see that despite the bear market, everything is progressing with the project, and to think that when I saw the Cent token, it was just starting and look now where it's all going.
I congratulate you for keeping it alive and interesting for everyone.
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Thank you for sharing your thoughts. And also thank you for your contributions since the beginning of the project. I hope we will be in better places over time.
Cent performed relatively well during the bear season. Spring is ahead of us.
The coming period looks more positive. If there is no major negative news in the cryptocurrency market, the bull season may start earlier. We can say that there is a very short time left for the Cent token price to turn positive :)
The APRs of liquidity pools are insane! I wonder why only a few are taking advantage of them.
!BBH
!PIZZA
People generally do not prefer to do research and learn for the better. Since fewer people choose the difficult option, the majority are not even aware of such opportunities. Therefore, this should be considered quite normal.
You're right.
Looking forward to seeing the CENT:CENTG update :)
Hello. LP rewards will be activated in all liquidity pools. However, these transactions require strong capital :) For now, Hive:Cent, HBD:Cent and Hive:CentG are active. An announcement was published:
https://ecency.com/hive-173575/@centtoken/current-situation-in-cent-liquidity
Thank you very much for the link, otherwise I got lost looking for updates, lo l! I wish you to quickly increase your financial volume, and I will be ready to make a bet. 😃👍!BEER
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