Hello everyone. We are continuing our Delegation Works where we left off. We previously announced that we were working on Hive, Bee, Leo, Cent and Pob tokens. We are adding the VYB token to the work in question. Vyb is somewhat similar to the Pob token that we previously started working on. Its maximum supply is 21,000,000 VYB. However, all incoming rewards are staked. And when the unstake process is initiated, the tokens are paid back daily in 25 equal installments.
You can earn rewards with a minimum of 15% APR by delegating VYB to the @centtoken account. For now, we have set the delegation lower limit as 25,000 VYB. For tokens other than Hive and Bee, we set the lower limit as approximately 100 Hive worth of tokens. However, we set it as approximately 50 Hive worth of tokens in VYB. We will gradually increase the delegation lower limit in question.
We distribute the rewards by combining the return we get from the curation rewards and the return we get from the Hive-Engine Investments Study. The rewards will be distributed weekly by converting the tokens obtained from the studies we mentioned into HBD. With such a strategy, we will contribute to users being less affected by price fluctuations. At the same time, we try to contribute to the value of the token by market making in the tokens we work on.
To start, I will delegate 30,000 VYB from my personal account. We purchased approximately 25,000 VYB tokens for market making transactions using the @centtoken account. In order for our Delegation Works and Tribe Token work to be more efficient and to contribute more to Hive-Engine tokens, these works need to reach more users. You can support us by delegating, Trade, investing in Tribe token, trading these tokens and telling your friends about such works. I hope we can make the Hive and Hive-Engine community more active. As the activity on the blockchain increases, this will attract the attention of other cryptocurrency users. I hope we can introduce Hive to more users and investors. See you, stay tuned.
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