Hello everyone. I hope you are well. I am here with a new token study. Tribe token; It is designed as a utility token that will be used to stake the tokens of Tribal projects and distribute the curation returns to token investors. The token provides convenience for users who want to accumulate tribal tokens or earn income from tribal tokens; but do not have time for transactions such as purchasing, voting, etc. Tokens such as PKM and LSTR can be examined to understand the governance style of the token.
Token Name: Tribe Token
Token Symbol: TRIBE
Maximum Supply: 100,000
Admin Account: @hive-173575
Token Trading:
- https://tribaldex.com/trade/TRIBE
- https://hive-engine.com/trade/TRIBE
- https://beeswap.dcity.io/tokens/TRIBE
Usage and Roadmap:
The token and the study will be managed in isolation by Cent's @hive-173575 community account. The token sale will be carried out on the Hive/Tribe market. All sales proceeds will be used to purchase and stake tokens in the study. In addition, expenses such as the creation of the liquidity pool, the initiation of LP reward distribution periods, and the payment of the account's RC expenses will be covered from these revenues. A Cent/Tribe liquidity pool will be established as soon as possible to effectively distribute the curation revenues obtained from Tribe tokens.
Token Sale; Stop the sale, Restart the sale;
5,000 Tribe tokens were offered for sale at a price of 1 Hive to purchase Tribe tokens, start staking transactions, create a liquidity pool for reward distribution, and start the LP reward distribution period.
- If completed, the token will be offered for sale at a price of 1 Hive until the maximum supply is completed.
- In the Cent/Tribe liquidity pool, the token sale will continue as long as the LP reward distribution APR rate remains above +20%. If it falls below the specified yield, the token sale will be stopped.
Reward Distribution;
Tribe tokens obtained from curation transactions will be regularly added to the liquidity pool as LP rewards. No rewards other than these tokens will be added to the liquidity pool. In other words, Tribe tokens will not be distributed as LP rewards.
Exception: In order to start the LP reward distribution period for the first time, Day/1 Tribe will be distributed as LP rewards to start the reward distribution in a healthy way.
=> Cent/Tribe Liquidity Pool and LP Reward Distribution Active
Tokens to be deposited, Management rules, Protection of the value of Tribe token;
- Periodic surveys will be created to get an idea of which tokens to invest in. However, the final decision will be made by the project management. Tokens to be deposited will be selected primarily from the tokens used by the @buildawhale account as the tag.
- Voting will be done on the content and comments created by the @buildawhale account. In other words, since author rewards are constantly burned, the value of the deposited tokens will be contributed.
- 50% of Leo, Pob, etc. tokens distributed as 100% liquid with curation yield will be staked again. Unstake will be made regularly for tokens with a curation yield of 50% and above. The returns from the unstake transaction will be added to the liquidity pool as LP rewards.
- If the value of one of the invested tokens increases by 20% or more of the account's portfolio value, purchase transactions for that token will be stopped. If the token value does not fall below 20% of the account's portfolio value for several weeks, the unstake transaction will be initiated. And the Tribe token repurchase will be made with the obtained tokens.
- If the price of the Tribe token in the liquidity pool falls to 0.75 Hive and below, 20% of the income from curation transactions will be repurchased in the Tribe token.
With the token in question, we aimed to make contributions such as increasing the value of tribal tokens and increasing the liquidity and trading volume in these tokens. At the same time, we will provide convenience to token investors. We will invest a certain amount using the @centtoken account to create the liquidity pool and start the LP rewards as soon as possible. I am also thinking of investing from my personal account. We will also be a market maker in the token market with the @centtoken account. I published the content in a chat style. As the work matures, I will update the content. In addition, weekly and monthly reports will be published on the current status. Stay tuned until we meet again.
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