I joined Hive Blockchain (formerly Steem) in 2017. In May 2021, I announced the Cent Project. In May 2023, we announced the 'Hive-Engine Investment Transactions' study, a sub-study of the Cent Project. I have been using almost all of its features since I met Hive-Engine. I have gained experience especially in liquidity pools, Token trading, Token management, Tribe project creation/management, etc.
We decided to approach this work more professionally with 'Hive-Engine investment Works'. The study has been quite productive since its announcement. However, the low transaction volume and lack of liquidity in Hive-Engine were among the problems we encountered. At the same time, we carried out the study with a very small capital for a long time.
Previously, we were adding a portion of the income we obtained from our work called 'Hive-Engine Investments' to the HBD/Cent liquidity pool as a reward. Now we will combine this work with the TRADE token. We will be able to manage transactions more effectively by using the token. At the same time, we will grow the portfolio used in the work over time by selling tokens at certain periods.
We thought of doing the work I mentioned with Cent. However, Cent is a tribal project token. Also, no token sales were made through Cent. There will be no token sales in the upcoming period. Therefore, we decided that it would be more appropriate to create a new token. Let's come to the introduction of the token;
Token name: Trade
Symbol: TRADE
Maximum supply: 21,000
To trade tokens:
https://tribaldex.com/trade/TRADE
https://hive-engine.com/trade/TRADE
https://beeswap.dcity.io/tokens/TRADE
Tokens will be sold through the @centtoken account. However, we will keep inflation extremely limited. And unless a negative situation occurs, token sales orders will not be entered at a price lower than the previous sale price. All income from the token sale will be directed to trading and investment transactions. Our first goal for the token is to create a liquidity pool. Thus, we will be able to obtain a more liquid, low-volatility token. We will also automate the distribution of rewards. In the first stage, we will distribute rewards via the Hive/Trade market via the buyback method. A liquidity pool will be created as soon as possible (for example, Hive/Trade or HBD/Trade). And we will distribute the rewards through liquidity provider rewards.
Hive/Trade Liquidity Pool and LP Reward Distribution Active
Cent/Trade Liquidity Pool Active
We will add at least 50% of the income from transactions, investments, etc. made in Hive-Engine to the Hive/Trade liquidity pool as liquidity provider rewards. Most of the remaining income will be reinvested. A small part will be used for Cent Project administrative expenses (Liquidity pool creation, liquidity provider reward distribution, event reward distribution, etc.). We will provide a report with up-to-date data about the token and its operation. So, don't forget to follow @centtoken. If you have any questions about the token, feel free to ask. See you again. Stay tuned.
image: source Note: It will be replaced with the token's image later.
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