Current Situations Regarding the Work Conducted Within the Scope of Cent and the Project

in #hive-173575 • 2 days ago

Hello everyone. In the last days of last year and at the beginning of this year, I published some content about the Cent Project and our work. The work has been continuing where it left off for about ten days. However, we have not published any announcements or status notifications. As I mentioned before, we want to reduce the number of repetitive content we publish as much as possible. I will share some general data about our work.

  • As part of the Delegation Works, we have started to distribute an average of 60 HBD, 80 Swap.Hive and 12,000 Cent rewards per week. @centtoken account received 46,300 HP, 2.000 BEE, 4,300,000 Cent, 238,546 Leo, 350,000 Pob and 44,000 Vyb delegation. We are burning 80% of author rewards. We continue to warm up Cent and other tokens :)

  • TRADE Token Studies continue where they left off. Hive/Trade liquidity pool has become the 2nd liquidity pool with the most liquidity of the project. Current APR in the pool is 49%. We added a total of $3250 worth of liquidity to the Cent/Trade and Cent/Pob liquidity pools. @centtoken does not earn LP income from the Trade and Pob liquidity pools.

  • We have restarted token sales within the scope of TRIBE Token Study. Last month, the current APR in the Cent/Tribe liquidity pool had dropped to 16%. For this reason, we had stopped sales for a while. There are LP rewards worth $518 in the liquidity pool. Current APR 52%. @buildawhale stopped using tribal project tags in burn posts a while ago. @centtoken started publishing token burn posts. 100% of author rewards are burned in voting processes. I will be publishing a call to action regarding the TRIBE token for tribal projects shortly.

Our work continues to increase Cent's trading volume, liquidity status, etc. We have recently activated a new liquidity pool. We have started reward distribution in the Cent/BEED liquidity pool. As part of the work, we added 100 BEED LP rewards to the Cent/Bee liquidity pool and 450 BEE LP rewards to the Cent/Beed liquidity pool. We will announce our work on the BEED token shortly. See you again. Stay tuned.

https://images.ecency.com/p/4i88GgaV8qiFkxbnGCXnHNbt8wcgAMNP6xb3BathLUp7dyDXtepjXNwPtxkJuKrNztsKGvwDuFg7FMVYrjhTCxehzKj2NEeXgXnykujwFZfCMyX5RJ65tWD82a.webp

Posted Using INLEO

#cent #trade #tribe #hive-engine #leofinance #proofofbrain #neoxian #tribes
2 days ago in #hive-173575 by
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    • [-]
     2 days ago 

    Interesting! I didn't know that Hive Engine has a native stablecoin.

    !BBH

    !PIZZA

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       2 days ago 

      Please change them to 100% burn if you are going to run them. There is no reason there should be any payout for automated spam.

      [-]
       2 days ago 

      Thank you. I didn't know about the thing you mentioned. We'll fix that.

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        [-]
         2 days ago 

        They were 100% burn, but someone changed them to 95%.
        As a tribe owner, there is no need to do burn posts cluttering the blockchain as you can just burn the tokens. There certainly is no reason to be paid to do so.

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           2 days ago 

          The burn rate will be increased to 100% again. Our job was quite easy when tribe tags were used in @buildawhale account's burn posts. I have to thank you again for that. In the current situation, it is almost impossible to find 10 pieces of content that we can vote 10 times with 100% rate. Also, these contents must use tags from 5-10 different tribes without exception. For example; We work with 5 different tribe tokens in @centtoken account. We received delegations from different users such as HP, Bee, Leo, Cent etc.

          The best solution for this seems to be to create burn posts using tags from 5-10 different tribe projects.

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            [-]
             2 days ago 

            I got tired of the bitching and moaning so took tribe tokens off. I am doing this for no benefit of my own and get endless shit for it. There is no point of making 11+ posts a day to burn a couple cents of cent. Pun intended.

            If you can't find 10 posts to vote a day, then you may need to get more exposure of your tribe and encourage people to use it. Burn posts are a means to an end but not a very good solution. Having everyone doing them is even more of a mess, especially to burn what I am guessing is not even $1/week?

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              [-]
               2 days ago 

              Thanks for the feedback. The only solution left is to start an unstake on the account, route the delegators and create accounts like @curator.cent, @curator.bee, @curator.leo.

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                [-]
                 2 days ago 

                If your purpose is to burn CENT, just burn it. I assume you are the token owner? Burning a few hundred tokens for a token with 1,000,000,000,000 supply is only a symbolic gesture.

                The fact you are creating 11 posts/day with $10-20/day in Hive rewards to burn ~0.35300000 Hive worth of Cent doesn't make a lot of sense especially taking 5% cut on the process.

                I'm obviously all for burn posts, but everyone creating their own burn posts is just bloat especially when it is taking more from Hive than it is burning.

                The whole point of me burning tribe tokens was to avoid this, but I can only take so much shit before I decide it isn't worth the headache just to help people out.

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                  [-]
                   2 days ago 

                  we added 100 BEED LP rewards to the Cent/Bee liquidity pool and 450 BEE LP rewards to the Cent/Beed liquidity pool.

                  Very happy to be getting BEED token, even though BEED has exisited for a while, I'm just now getting to know about it. Happy to have some in the wallet/LP. !BBH

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                    [-]
                     2 days ago 

                    Very cool update! Steady progress! !lolz

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                      [-]
                       2 days ago 

                      lolztoken.com



                      How many egomaniacs does it take to screw in a light bulb?
                      One, they hold the bulb while the world revolves around them.
                      Credit: marshmellowman
                      @anadolu, I sent you an $LOLZ on behalf of rainbowdash4l

                      (4/10)
                      Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
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                        [-]
                         5 hours ago 

                        PIZZA!

                        $PIZZA slices delivered:
                        @arlenec2021(1/5) tipped @anadolu

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