I joined the Hive Blockchain (formerly Steem) in 2017. In May 2021, I announced the Cent Project. Since my introduction to Hive-Engine, I have been using almost all its features. I have gained experience in liquidity pools, token trading, token management, tribal project creation/management, etc.
The study has been quite productive since its announcement. However, low transaction volume and lack of liquidity in Hive-Engine were among the problems we encountered. At the same time, we ran the study for a long time with very little capital. With the Trade Token Study, we will manage trading operations, market making, and liquidity provision together. We will distribute the study rewards using the Hive/Trade liquidity pool.
Token name: Trade
Symbol: TRADE
Maximum supply: 21,000
Management account:
For token trading:
https://tribaldex.com/trade/TRADE
https://hive-engine.com/trade/TRADE
https://beeswap.dcity.io/tokens/TRADE
There will be no large-scale token sale. Market making, token sales, and token buybacks will be managed together in the token's market. However, we will keep inflation extremely limited. 25% of the proceeds from the token sale will be used for regular token buybacks.
At least 50% of the revenue generated from trading, investing, liquidity provision, etc., on the Hive-Engine will be added to the Hive/Trade liquidity pool as liquidity provider rewards. The remaining portion will be allocated to trading, investing, and liquidity provision activities.
Initially, we have set a price target of 1 HBD (1 USD). However, the TRADE token is not a stablecoin. As the project matures, the token's value will naturally increase. We will increase the buyback amount when the token's value is at or below 1 HBD. When the token's value is above 1 HBD, we will reinvest a significant portion of the project's revenue back into trading and investing activities.
