Hello dear Hive Community. Tribe token introduction text was published three days ago. Cent/Tribe liquidity pool was created two days ago. We added 180 Tribe tokens to the liquidity pool to start distributing LP rewards. There is $2862 worth of liquidity in the liquidity pool at the moment. Current APR in the pool is 4%.
Approximately 5,500 Tribe tokens were sold at the price of 1 Hive. We continue to buy from the tokens we have selected since the tokens started selling. @hive-173575 has staked $1560 worth of tokens. As of today, we have started receiving curation rewards. The liquidity pool contains 178 Tribe, 11 Bee, 537 Pob, 12 Leo, 188 Cent, 10 Oneup, 1.4 Neoxag and 1.8 Vyb.
We realized that buying tokens instantly from the market or liquidity pools is less profitable. We found a solution to this problem as follows; All limit orders are removed before the curation rewards are distributed. The tokens in the account are staked. After the curation rewards are distributed, the obtained tokens are added to the liquidity pool. And token purchase orders are entered again. In this way, we will also provide liquidity to the token markets we work with.
It will take a week for us to start receiving all the curation rewards of the tokens we stake. For this reason, we decided to publish the efficiency report next week. Follow this account to quickly access up-to-date data on this and other studies.
Posted Using InLeo Alpha
)