Updated Cent's Reward Pool
Hello again. Cryptocurrency market shaken! Most cryptocurrencies have lost at least 50-80% in value. Cent Token was also affected by this sudden collapse. The average value is $0.0085 in the market and 0.0071 in the Hive/Cent liquidity pool. We talked about the abnormal volatility change in the cryptocurrency market 17 days ago. However, we have announced that we are reducing the supply of Cent. The cryptocurrency market has entered a downtrend. However, we think that a sufficient explosion occurred as a result of the compression we mentioned. Trend direction can change. Or the downtrend may continue.
It's about four months away from the completion of the reward distribution cycle in Cent's liquidity pools. We plan to create more incentives to provide liquidity once the cycle is complete. In this process, the prize pool should be as consistent and lucrative as possible. We thought it would be more appropriate to restore the cent supply.
- The supply of minutes/cent in the prize pool has been increased to 5 again. In possible market changes, in case of excessive depreciation/gaining of Cent, the change will be made again.
- Prize pool no longer scans #introduceyourself. Until now, we have continued this process to create incentives for new users. However, we will now focus on increasing incentives for existing Cent users and the community.
The market ideas mentioned are not investment advice. The supply of Cent in the prize pool and liquidity pools will continue to be changed. Our aim in doing this is to maintain the rate of profitability and the value of the token. Thank you for your understanding. See you. Stay tuned.
TR:
Tekrar merhaba. Kripto para piyasası sarsıldı! Kripto paraların çoğunda en az %50-%80 arası değer kaybı gerçekleşti. Bu ani çöküşten Cent Token de etkilendi. Markette ortalama 0.0085$ değerinden, Hive/Cent likidite havuzunda ise 0.0071 değerinden işlem gerçekleşiyor. Bundan 17 gün önce kripto para piyasasındaki anormal volatilite değişiminden bahsetmiştik. Bununla birlikte Cent arzını düşürdüğümüzü duyurmuştuk. Kripto para piyasası bir düşüş trendine girdi. Ancak bahsettiğimiz sıkışma sonucunda yeterli bir patlama gerçekleştiğini düşünüyoruz. Trend yönü değişebilir. Veya düşüş trendi devam edebilir.
Cent'in likidite havuzlarındaki ödül dağıtımı döngüsünün tamamlanmasına yaklaşık dört ay kaldı. Döngü tamamlanınca likidite sağlanması için daha fazla teşvik oluşturmayı planlıyoruz. Bu süreçte ödül havuzu olabildiğince tutarlı ve kazançlı olmalıdır. Cent arzını eski haline getirmenin daha uygun olacağını düşündük.
- Ödül havuzunda dakika/Cent arzı yine 5 adete çıkarıldı. Olası piyasa değişimlerinde, Cent'in aşırı derecede değer kaybetmesi/kazanması söz konusu olduğunda tekrar değişiklik yapılacaktır.
- Ödül havuzu artık #introduceyourself etiketini taramıyor. Şimdiye kadar yeni gelen kullanıcılara teşvik oluşturmak amacıyla bu işleme devam etmiştik. Ancak artık mevcut Cent kullanıcılarına ve topluluğa yönelik teşvikleri artırma konusunda ağırlık vereceğiz.
Bahsedilen piyasa fikirleri bir yatırım tavsiyesi değildir. Ödül havuzundaki ve likidite havuzlarındaki Cent arzı değiştirilmeye devam edilecek. Bunu yapmaktaki amacımız karlılık oranını ve jeton değerini korumaktır. Anlayışınız için teşekkürler. Görüşmek üzere. Takipte kalın.
Continue to pay attention to the development of CNET.
Have a great day.
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I hope that over time, compensation for losses for the cent coin will come, I did not notice any problems)
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You are right. It is not possible for a non-algorithmic token to adapt to such a rapid depreciation. It will be fixed in time. Thanks.
whats the best way to use stack cent? is there a best cent pair to use in the pools?
You can check the current APR rates of the pools at https://beeswap.dcity.io/swap?pools&search=cent. However, I can say that the best Cent pool is "HBD/Cent pool". There are five liquidity pools. You can choose whatever you want.
thanks!
Initially, I was also puzzled. With 9,000 plus tokens, the USD value of my holdings is supposed to be $90.00. But it dropped to just $40.00. That's a 55.55% decline. Though there is selling pressure, the volume is not that high. Anyone who has a $100.00 can easily recover that $0.01 peg. But of course, it can't stop the price fall if more holders want to exit the token.
Of course, it is not possible to adapt to such a rapid Hive price drop. I think over time the price will reach its old value. Of course, it is possible to instantly gain / lose value in loaded transactions. But Cent has liquidity pools. There is currently 3,500 Hive worth of liquidity in the Hive/Cent pool alone. In a transaction like the one you mentioned, arbitrage bots and arbitrage users will step in and balance the price in the market. Work continues for a more balanced price formation.
Thanks for that info.
thank you.
CENT keeps growing. It can only get better.