Hello. Last month, Cent's liquidity pools continued to experience positive trading volume. However, due to the flat price of Cent and the devaluation of Hive, liquidity decreased in dollar terms. Volume increased in the HBD and BEED liquidity pools. However, almost 50% of the trading volume still occurs in the Hive/Cent liquidity pool. The current Cent price is 0.0014 Hive.
Last August, we limited the maximum supply of Cent to one hundred million tokens. We stopped distributing CENT as LP rewards in liquidity pools other than those involved in Hive/Cent and the Stablecoin Study. Even if Cent is earned in Trade and Tribe token works, we will distribute HBD, Hive, etc. tokens as LP rewards. Similarly, in LEO, POB, etc. liquidity pools, we will purchase tokens that are the opposite of Cent and distribute them as LP rewards.
We repurchased approximately 200,000 CENT in December and January. We will continue repurchasing Cents in the coming period, particularly using Trade and Tribe studies. We are managing approximately seven million Cents through Delegation. Using the recently announced Stablecoin Study, we will continue adding liquidity to HBD, USDT and BEED liquidity pools.
Cent Tokenomics:
- There are 66,683,026 CENT tokens in circulation. The reward pool generates 2 new tokens per minute. This means 2880 tokens are generated per day and 1.051.200 tokens are generated per year. The generated tokens are distributed as 50% curator rewards and 50% author rewards. If a user publishes content outside the Cent community, 1% of their author rewards (Cent) will be credited to their
account. All distributed rewards are paid in liquid form. If you initiate a power outage, your tokens will be paid out within 28 days (in 4 installments). If you withdraw a Cent delegation, your voting power returns after 7 days.
Current Status of Liquidity Pools:
Last month, there was $8556 worth of liquidity in Cent liquidity pools. This month, there is $7.552 worth of liquidity. There was $13922 worth of trading volume in liquidity pools. This month, there is $15.633 worth of trading volume.
There is $338 worth of liquidity in the Hive/Trade liquidity pool. There was $688 worth of trading volume last month. The current APR in the pool is 83%.
There is $381worth of liquidity in the Hive/Tribe liquidity pool. There was $872 worth of trading volume last month. The current APR in the pool is 94%.
Last month's report is here. Follow
