Hello. The last few days have been very busy for me. On the one hand, I was busy with other things. On the one hand, I traded Hive on exchanges. On the one hand, I tried to stabilize the cent price in the Hive/Cent market and in the CENT pools. Hive made powerful upward attacks. Other Hive Engine tokens have officially crashed. Reducing imbalance was particularly challenging in CENT/x pools. Because there are big scissors in Hive/Leo, Hive/Pob and Hive/Cent markets. It looks like such situations will continue due to Hive's price action. In addition, in many Hive-based applications, the Hive price is determined according to HBD instead of US Dollars. The HBD price, on the other hand, makes it difficult for Cent to balance the price.
So I decided to make a change as Cent Community originally suggested. The Price of CENT has become volatile. Again, it targets a price value of $0.01. However, the previously mentioned limits such as 0.0075-0.0125 have been removed. There is no change in token supply, reward distribution. Only if the coin price tends to rise/fall excessively; We can adjust the coin supply. All changes will continue to be announced in the @centtoken account below. As explained in previous posts, CENT Token is not just a tribal token. Work on further development and usability will continue.
- There is 50% author / 50% curator earnings in the prize pool. All author and curator awards are distributed in liquid form. As with the Hive distribution, there is a 7-day cooldown. Unstake process is completed in 28 days in 4 installments.
- There are four liquidity pools. Hive/Cent, Hbd/Cent, Cent/Leo and Cent/Pob. Liquidity provider rewards are distributed across all pools. More liquidity pools and liquidity provider rewards will be added.
Articles and announcements about Cent: