RE: Does Burning CENTS Create Non-CENTS?
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Hello. I responded late due to workload. Sorry. First of all, thank you for the Cent tokens you burned. I hope you get back more than you spend.
First of all, "In theory the CENT token was supposed to be worth $0.01 USD."
Instead, the Cent token aims to converge to the price of 0.01. I published an announcement about the CentG token. I have given information about the function of the token in the content below.
https://peakd.com/hive-173575/@anadolu/centg-token-sale-started
The reasons for liquidating the token were mentioned in the content and comments below.
https://peakd.com/hive-173575/@anadolu/about-centg-token-liquidation
In order for the Cent Token price to move independently, the Cent/CentG pool needs to be liquidated. Unfortunately, there is no other way to do this without paying a certain amount of Cents. Because users providing liquidity to the liquidity pool did not participate in the liquidation process. At the time of writing this comment, there are 444,000 Cents and 340 CentG in the pool.