Hello everyone. Another addition to Cent's liquidity pools. Thus, we reached five liquidity pools. As of today, we have activated the Cent/Bee liquidity pool.
Bee token is the base token of Hive-Engine. Bee token is used to pay transaction fees related to creating tokens, adding new features to tokens, creating liquidity pools, activating rewards in liquidity pools, managing smart contracts, and creating and managing tribes. There is also a tribe affiliated with the Bee Token. You can access the front end of the tribe at https://tribaldex.blog/.
We started the reward distribution for liquidity providers in the liquidity pool. Some rewards have been added to the pool. As new liquidity is added, we will further increase the reward distribution rate in the pool.
I added 100 BEE and 13,300 CENTs to the pool to start trading and healthy price formation. Once some liquidity is added to the pool, I will remove the liquidity I added. As per our general strategy, project management does not obtain LP rewards from liquidity pools. However, as I mentioned, we can temporarily add some liquidity in necessary situations.
We will also actively use the Bee token in our "Hive-engine investments" work. An announcement regarding this issue will be made soon. The Cent/Bee liquidity pool will be extremely helpful for the Cent project. Additionally, Cent investors will have the opportunity to access a new parity option that they can trade with. The liquidity pool will also be very beneficial for Bee investors. There is no Bee pool that distributes prizes yet. Cent/Bee liquidity pool has already started distributing rewards.
See you in new posts. Stay tuned.