Ways to Earn with CENT Token

in #hive-1735753 years ago

EN:
Hello again. It has been about three months since CENT Token was created. We've made a lot of progress. Our first liquidity pool, the Hive/Cent pool, was activated. Cent rewards are distributed to those who provide liquidity. The prize pool is active. During the introduction of the token, I also announced that I would explain "how to earn with Cent". This post will be about that topic.

Prize pool.
You can earn Cents by producing and curating content. Use the 'cent' tag in your posts. Or produce content on the Cent community page. You will earn more if you post from the community page or using the frontend. Also curate by staking some CENT.

The curator calculates.
When you use the cent hashtag, there are many curated accounts that vote for the quality of your content when you post from the community. I also staked some tokens on @anadolu account. I vote according to likes for users who stake a certain amount of CENT. We can say "our staking rewards are starting to be active" 😀

Liquidity pools.
The first liquidity pool, the Hive/Cent pool, continues to distribute liquidity rewards. All you have to do is add some Hive and Cent to the pool. More liquidity pools will be created. Thus, it will be possible to trade in various pools and earn liquidity provider rewards.

Trade.
You can trade in the Hive/Cent market. Cent's price doesn't fluctuate much. However, due to price changes in Hive, Cent's price against Hive constantly changes. Thus, you can earn profits by trading in the market and liquidity pools.

Market maker orders.
As we mentioned earlier, the CENT price does not fluctuate much. However, due to Hive's depreciation/appreciation, Cent's price against Hive also changes. Enter buy and sell orders with a certain amount of space. Thus, as the price changes, your orders will be executed and you will earn profit.

Arbitrage.
You can take advantage of price differences in liquidity pools and hive/Cent market. For now we have a liquidity pool. Price differences may occur in the Hive/Cent liquidity pool and the Hive/cent market. For example; While the price is very high in the liquidity pool, it can be very low in the market. Or vice versa. You can take advantage of such arbitrage opportunities.

To summarize; There are many ways you can earn with Cent. And more will be added to these. Our goal is to make Cent a widely usable token with high liquidity and trading volume, satisfactory and consistent earnings rates. I hope we succeed. Work continues for this. See you.

For more information about CENT Token:
https://peakd.com/cent/@anadolu/cent

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CENT is indeed and amazing creation in the Hive second layer. Attempting to keep it stable is another big pus. We're growing.

Thanks for your comment.

Price differences may occur in the Hive/Cent liquidity pool and the Hive/cent market.

You can take advantage of such arbitrage opportunities.

I will check this.

This is so amazing to know. I will try doing the liquidity pool and staking more cent for curation. I pray God for the grace.

Thanks. We continue to work for usability and profitability. These days we are focused on new liquidity pools. I wish you success.

I'm observing something. It seems cent is depreciating as hive depreciates compare to price of cent a week as ago.

How does it work. I don't really get the graphing

Cent is not a stabil token. Yes, it has a target of $0.01. However, our purpose in creating the token is to provide a price trend around the targeted value. For this, the token supply is constantly adjusted. New liquidity pools are being created. Liquidity provider rewards are offered. Our main goal is to increase liquidity and trading volume as much as possible.

Alright. While investing, let's hope on making profit too. Thanks for sharing.

Thanks so much for bringing such insight.

All you have to do is add some Hive and Cent to the pool.

This I will do once I achieve that $200.00 worth of CENT.

By the way, what is going with the front end? I observe for three days now that it was going on and off. I am curious if it is on my end or it is the CENT server itself?