Hello again. The cryptocurrency market has been in for a shock in the past few days. Almost all cryptocurrencies lost value. In about four days, 50-80% depreciation occurred. Hive saw a sharp loss of value between $0.87 and $0.36 in six days. Cent Token was also affected by this sharp drop. There is no depreciation on the basis of Hive. However, there was a 40% depreciation in dollar terms.
For the aforementioned reasons, we made some strategy changes in the prize pool and liquidity pools. We've announced these before. We burned about 5.2% of Cent tokens in circulation today. Below is the data on the token burning:
https://hiveblocks.com/tx/d3b06107a57f30b2eebd3acd38ea7ee6a5f3c319
Token burning is one of the primary methods of increasing value in cryptocurrencies. We will apply this method when necessary. In addition, changes in liquidity pools will continue. And we will continue to create new liquidity pools. We will also continue to make updates to the prize pool to ensure Cent is moving towards targeted value.
See you in new posts. Stay tuned.
