RE: About CentG Token Liquidation

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Thanks for tagging me… it is a pitty though !

hive-173575 cent centg hive-engine leofinance proofofbrain neoxian
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Hello. On the contrary, this is good news. Recently liquidity providers have been completely selling the CentG reward they received. The sale takes place especially in the Cent/CentG pool. Arbitrage bots balance the price in the pools by selling Cents in the Hive/Cent market. However, these transactions constantly suppress the Cent price. With the deactivation of CentG pools, a healthy Cent price will occur. Additionally, "Hive-Engine operations" will be moved to Cent.

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I agree, this decision makes perfect sense to me going forward 👌

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!LOLZ
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@barski has sent VSC to @fun.farms

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@barski ha enviado VSC a @fun.farms

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@fun.farms! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ barski. (5/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.

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Thanks for the answer! just one question that it wasn't clear...we have 1 month to send the tokens to cent, but the rewards of the pools also continue for one more month. Can we wait the rewards to end so we can send everything at once?

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It is up to your choice to wait until the end of the period. The reasons why we continued the reward distribution until the end of the period were as follows: There will be liquidity providers who will be late to know about the liquidation announcement of the token. At the same time, we aimed to keep Cent and CentG tokens as stable as possible during this process. Stopping the rewards suddenly would make the liquidity in the pools suddenly inconsistent.

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It makes sense! And you plan to keep the hive:cent pool?

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Only Centg pools will be liquidated. There are no changes in Hive, HBD, Pob and Leo pools.

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!LOLZ
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!ALIVE

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@anadolu! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ barski. (6/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.

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