RE: About CentG Token Liquidation

Hello. Thanks for asking. This will also be useful for other users. Reward distribution in Hive/CentG and Cent/CentG liquidity pools will be stopped on May 8, 2024. We chose this method to protect liquidity providers who will be informed of the announcement late and to maintain the price balance in the tokens.

500,000 Cent unstake process has been started on the @centtoken account. 500,000 liquid Cents were debited from @balina account. New Cent minting is not being considered. We also buy from the Hive/Cent market whenever possible. However, in cases where the liquid Cent amount is met with the above-mentioned conditions (CentG sent to the account is met or the price in the pool falls below the mentioned level), printing Cents was considered as a last resort. In other words, we considered inflation as a last resort.

Token submissions are not automatic. However, within a few hours, staked Cent tokens will reach the sender.