Hello again. Yesterday, I shared the report on Cent's tokenomics. In this post, I mentioned an update on the reward distribution and token sale in the studies called Trade and Tribe. We continue to make improvements to carry out both studies more efficiently. We also want to make the reward distribution and token sale stages more useful for the Cent Project, Trade and Tribe investors. We want to reduce the volatility in the prices of the tokens as much as possible by spreading the reward distribution and token sale over a longer period. For the reasons I mentioned, we will separate the token sale and reward distribution stages from each other.
account will continue to be a market maker in the markets of Trade and Tribe tokens. However, it will not sell tokens in the Hive/Trade and Hive/Tribe markets. In the studies, we will make the token sale by adding LP rewards to the Cent/Tribe and Cent/Trade liquidity pools. Thus, the studies carried out will continue to contribute to Cent. At the same time, since there will not be a large amount of token sales in the short term, the price of the tokens will follow a more stable course.
In Trade and Tribe studies, reward distribution will be made through Hive/Trade and Hive/Tribe liquidity pools. Thus, investors of both tokens will be somewhat more protected from risk. At the same time, the shift of liquidity weight in tokens to these pools will ensure healthy price formation.
=> Currently, we are applying the methods I mentioned above for the Trade token. The token was designed to create a fluctuating price movement. Lastly, token sales were made at the price of 2 Hive. The Tribe token was designed to follow a course around the price of 1 Hive. This price policy will continue until the entire token is in circulation. If any of the tokens start to fall/rise abnormally, we will use the Cent/Trade and/or Cent/Tribe liquidity addition/removal method using the
We have created the Hive/Tribe liquidity pool. And we have started the reward distribution period. We have added approximately $420 worth of LP rewards (365,000 CENT and 930 TRIBE) to the pool. We acted early to ensure that the liquidity situation and trading operations in the pool can continue healthily. And we wanted the pool to offer a very attractive LP reward APR at the beginning. I think it will become more attractive as the pool starts offering work rewards. We will wait 25 days to start adding work rewards. There are approximately 24 days left for the Cent/Tribe liquidity pool to complete the reward distribution period. The introductory texts of TRADE and TRIBE tokens will be updated to include the conditions I mentioned above. It would be beneficial for you to follow
