We implemented tightening measures on Cent's reward pool and liquidity pools until mid-December. We increased the reward cut for posts made on Cent's front end and outside of the community page. For a while, we have adjusted author and curator rewards to be staked. We reduced the reward distribution in our liquidity pools. The reason we took these measures was to reduce the sales pressure on Cent. We reduced inflation as much as possible. We increased buybacks as much as possible. Despite all these strategy changes, there was some loss of value.
We hear from some of our project users; "They mention that they received advice such as 'Use the cent tag and sell the rewards'. " There are several reasons behind this and similar statements;
- Many tokens and tribal tokens used in different projects became extremely valuable during the bull season. And they lost 95% of their value during bear season. Most projects are abandoned.
- Cent's reward pool and liquidity pools are not static. The project is actively managed; Strategy changes are being made in the reward pool and liquidity pools. The vast majority of other tribal tokens have no active governance. In fact, the majority of managers abandoned the projects. Contrary to the usual, it is quite natural that Cent is actively managed and users who do not use the project or have limited knowledge think about it in the above-mentioned way.
Let's come to the subject that is the focus of this post;
- The prize pool produces 6 Cent Tokens per minute. This means that writer and curator income is increased by at least 20%.
- Obtained author and curator rewards are staked at a rate of 50%. This rate was adjusted to 100% staked for the last month and a half.
- We added more rewards to liquidity pools. We increased the APR rate as much as possible. Current APR on Hive/Cent pool is 198%. Current APR on HBD/Cent pool is 95%. We have also reactivated the reward distribution in the Cent/CentG liquidity pool. Current APR is 50%.
- Current APR on Hive/CentG liquidity pool is 168%. We add some of the revenues we have earned since we started Hive-Engine investments and trading transactions to this pool as rewards. Therefore, the APR rate in this pool and the variety of tokens in distribution will constantly increase. It will be more profitable for users investing in the CentG token to provide liquidity to this pool rather than keeping the token idle. There will be posts containing detailed information on this subject.
Let's be realistic; The vast majority of cryptocurrencies will disappear. As we mentioned above, many tribal tokens lost their value due to inflation. Many project tokens will turn into waste in the coming period. However, those who use the Cent project know; The Cent project is actively managed. We've made the Cent more than just another tribal token. No token sales were made in the initial phase. Or sending/selling tokens in exchange for HP delegation, etc. not done. We will continue to add inflation-reducing usability features in the coming period. We have six liquidity pools. Distribution of liquidity provider rewards continues in four of them. We started Hive-Engine operations in the past months. We have turned our governance token, CentG, into a passive investment project. In the coming period, we will continue to actively manage the liquidity pools and reward pool in line with the project strategy.
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