TRIBE Token Work Report and Administrator Account Update

Hello everyone. I recently announced an update regarding the Trade token. A similar update has also been made to the Tribe token. The relevant project and token will now be managed by the @balina account. This account will be managed in isolation, similar to the Cent and Trade tokens. I sent approximately 10,000 Cent, 5,000 Pob, and some liquid Hive from my personal account to the @balina account. The Sports, Pob, Pepe, and Vyb tokens in the @centtoken account were purchased as part of the Tribe Token Project. We have unlocked these tokens. Approximately one million POB, one million VYB, 300,000 Sports, and ten million Pepe will be staked in the @balina account. The profit from the study will be distributed as LP rewards in the Cent/Tribe liquidity pool. We have not made any changes to the study. You can find detailed information about the token and the project on the Tribe Token page.

There are 20,000 TRIBE in circulation. @balina's account holds 4,900 TRIBE. There are 4,510 TRIBE tokens in liquidity pools. Approximately 6,000 TRIBE tokens are awaiting distribution as LP rewards in liquidity pools. The remaining tokens are in other users' wallets. In previous reports, we announced a target price of 1 Hive for the token. This target price policy will be maintained until the entire maximum supply of 100,000 is in circulation. The @balina account will act as a market maker in the Hive/Tribe market throughout the study.

Currently, project rewards are distributed in the Hive/Trade liquidity pool. The current APR is 103%. From now on, profits from the project will be distributed as LP rewards in the Cent/Tribe liquidity pool. However, the Hive/Tribe liquidity pool will also be supported. The current APR in the Cent/Tribe liquidity pool is 144%.

I will share a screenshot of the account's current status below. I recommend you follow the account's current status at https://peakd.com/@balina/wallet/hive-engine. Until we meet again, stay tuned. I will regularly publish reports on the project and the account's current status. See you soon. Stay tuned.

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