Is there anything going on towards returning it to a 1 cent peg or is that the furthest thing from the mind right now?
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Is there anything going on towards returning it to a 1 cent peg or is that the furthest thing from the mind right now?
Yeah, I have the same question. I don't see any mechanism to buy back CENT (like LEO) or burn CENT like other tokens to bring back CENT to the peg valie. Actually, it's still a loss for early CENT investors who trusted in CENT.
This is an interesting situation. Because even when Cent was higher than $0.01, there was no announcement that Cent was pegged at $0.01. Nor did we claim that Cent is a stable cryptocurrency. Unlike other tribal tokens, Cent has a price target.
"CENT Token is a token that aims to reach a price value of $0.01. Cent Token's price is different from stable cryptocurrencies. The token has a volatile price trend around the target price. It aims to provide ease of transaction to its users by offering high liquidity and high volume."
https://peakd.com/leofinance/@anadolu/cent-token
We continue to develop the project to ensure it reaches its price target. That's why we created liquidity pools. We actively manage the prize pool.
Also, thank you for sharing your thoughts and comments.
Cent was not peged into any currency. Or not supported by any currency. However, there is a target to reach $0.01. Please read the white paper and announcements.
https://peakd.com/hive-173575/@anadolu/update-cent-s-price-has
https://peakd.com/leofinance/@anadolu/cent-token
In addition, strategies in the prize pool and liquidity pools are developed to reach the targeted price. We continue to develop the project so that it reaches the targeted price.