Hello everyone. I hope you are well. We are coming to the end of another year. I published the announcement of TRIBE Token at the beginning of this month. The token has started to fully function. 6,250 tokens have been sold so far. $1,181 worth of liquidity has been added to the Cent/Tribe liquidity pool. $2,280 worth of trading volume has occurred in the pool. There is $155 worth of LP rewards waiting to be distributed in the pool as LP rewards. The current APR in the pool is 20%.
@hive-173575 has $1,540 worth of staked tokens in his account. The account uses the income from the sale of the jeton to buy tribe tokens using the strategy I'll talk about below. And stakes. We vote on comments shared daily by the @buildawhale account. We stake 50% of the income obtained from curation transactions. We add the remaining 50% to the Cent/Tribe liquidity pool. Thus, we offer a revenue model for token investors. At the same time, we contribute to tribal projects by burning tokens.
Tribe is the token of a study that is currently fulfilling its promises. The study is carried out by the Cent Project management. The @hive-173575 account is managed in isolation. In other words, any user who manages the study does not earn any income from the study. For this reason, we preferred to use the Cent/Tribe liquidity pool for reward distribution. We also aimed to increase the usability of Cent with the study.
The @hive-173575 account takes certain criteria into consideration when purchasing tokens with the income it obtains from the sale of the Tribe token; We consider features such as the presence of a liquidity pool for the token to be purchased / sufficient liquidity and trading volume in the token market. We also take into consideration things like the token not losing too much value in the past, having a future value growth strategy, and the return APR in the reward pool being at a satisfactory level.
As I mentioned above, the Tribe token has proven its function. As the account portfolio develops, the reward distribution will become more attractive. The token is sold at the price of 1 Hive. If the maximum token supply of 100,000 is sold, the token price will become fully volatile. It is designed to continue distributing rewards to its investors and maintain its value in the medium/long term even if no token sales occur in the future. What will be done in case of abnormal changes in the token price or the reward distribution APR in the liquidity pool is stated in the introductory text.
In the coming period, we plan to cooperate with communities and tribal projects. We expect delegation to the @hive-173575 account, purchase of Tribe Token, market making in the token market, providing liquidity to the liquidity pool, providing LP rewards to the liquidity pool, etc. In return, we can include tribal tokens in the portfolio and offer more benefits such as making market maker transactions in tribal token markets.
As a result; It has been a short time since the study and token introduction. In the coming period, we will make the study more attractive. We have published a few weekly reports so far. In the future, no new reports will be published unless there is a significant change in the token, liquidity pool, reward distribution strategy, etc. regarding the study. Instead of spending time preparing reports, we want to focus on our work and spend more time exchanging ideas on the study. In addition, we will continue to publish updates using Threads on Inleo or with Peakd Snaps. You can follow the current status of the @hive-173575 account at https://hive-engine.com/@hive-173575/wallet. You can follow the current status of the Cent/Tribe liquidity pool at https://tribaldex.com/swap?from=CENT&to=TRIBE and https://beeswap.dcity.io/swap?input=CENT&output=TRIBE.
Please share your suggestions and comments about the work and token. I wish you a happy year in advance. See you again. Stay tuned.
Posted Using InLeo Alpha
