Hello dear Cent Community. About twenty days ago, we announced that we started investment and trade transactions in Hive-Engine. We activated the Hive/CentG liquidity pool two weeks ago. As we mentioned before, we think that community users should be involved (as much as possible) in project management. The project needs to be as decentralized as possible. For this, we are making efforts to increase the functionality of the CentG token.
As you know, Cent Token is different from other Hive-Engine tribal tokens. It is aimed to move the price around a certain price as stable as possible. In order to achieve the said goal, more effort is required for Cent, the Cent Project, compared to other tokens. Regular optimization of the prize pool, creation of new liquidity pools, distribution of liquidity provider rewards in the created liquidity pools, etc. Business requires a solid capital. Hive-Engine transactions will have very positive results for the project and the CentG token. To observe this, we conducted a two-week trial period. The results are fine. We are publishing our first report this week. Results will be clearly visible as new reports are released. But let's briefly explain how it works:
- Some transactions are made in Hive-Engine using @centtoken account. Regular income is obtained by providing liquidity in a liquidity pool. Various tokens are invested in anticipation of a price increase. Market maker transactions are made on tokens with a high volume. A portion of the income is reinvested. CentG is bought back with a portion of the proceeds. Thus, the capital to be used for the project is created. Due to regular buybacks, the value of the CentG token starts to increase. Since the buybacks will be made from a liquidity pool, there will be no injustice among the users holding the token. Users can buy tokens using the liquidity pool whenever they want. Or, if he decides that he has reached a satisfactory amount of income, he will sell his coins whenever he wishes. Thus, token holders can aim for a regular income in addition to participating in project management.
This week we have reached an income of approximately 15 Hive. We bought 1 CentG by using 50% of the revenue. Initiation of transactions, new HP leases, staking tokens for voting on community posts, etc. The reasons will affect the profitability rate in the first stage. However, we are sure that the results will be reflected positively if the procedures are continued on a regular basis. Let's come to the current status of the account:
- 170 Hive in liquid form.
- 5.66 CentG in liquid form.
- Staked and leased HP 623.
- 100000 Cent staked.
- 1000 Pob Staked.
Hp leasing, tribal token leasing, market maker transactions etc. The tokens in the orders entered are not included in the account. You can follow the current status of the account at https://peakd.com/@centtoken/wallet/hive-engine and https://hive-engine.com/@centtoken/wallet.
CentG buyback transaction:
Studies continue. Follow @centtoken for new announcements and report sharing.
