Current Status of the CENT Project (June 2026)

(edited)

Hello again. We're about to complete the second half of the year. I'll be publishing a general report at the beginning of July. However, I wanted to briefly inform you about the ongoing and planned work related to the Cent Project. We are conducting many studies directly or indirectly related to the project. We have updated many of the announced studies. We will further develop the remaining passive studies and manage them more actively in the coming period.

The last year has been extremely negative for cryptocurrencies. Hive-Engine tokens are in the same situation as other altcoins. I don't want to go into detail here, but I'll just give the prices of a few tokens. You'll understand the situation :) I have approximately 350 ACE tokens, purchased at a cost of 1 ACE = 10-12 Hive. The current price is 0. The current price of USDT in Hive-Engine is 0.58 HBD. The current price of BEED token is 0.7 HBD. ETH is $626 :) Cent has a liquidity pool with USDT, ETH, and BEED. The liquidity pools of the tokens in question with Hive and HBD are in terrible shape. There's almost no trading volume in the markets for these tokens. Anyway, let's move on from the complaint. I'll briefly mention the work we're conducting. And we have a planned study; I'll touch on that and finish the article.


I announced the Stablecoin Study at the beginning of January. At the beginning of April, I published an update announcement regarding the study. Initially, the study included HBD, USDT, BEED tokens and their liquidity pools with Cent. Later, we included the SHORT token in the study. Later, due to the reason mentioned here, ​​we removed USDT from the operation and added Hive. Currently, we continue to operate with Hive, HBD, BEED, and SHORT tokens. Due to operational requirements, we decided to distribute Cent as LP rewards in the liquidity pools of the aforementioned tokens. We have stopped distributing Cent as LP rewards in other Cent pools. The @centtoken account can still add liquidity to the liquidity pools of these tokens, but cannot earn LP rewards.


SHORT Token was announced at the beginning of April. It has liquidity pools with HBD, Hive, and Cent. The liquidity pools are quite active, but we need to revitalize its market. I believe the token will become more efficient through the work and activities I will mention below.


We are continuing the Delegation Work with Hive(HP), Bee, Cent, Leo, and Sports tokens. According to the latest report, ​​we have received 20,000 HP, 22,000 BEE, 13,640,000 CENT, 100,000 LEO, 10,960,000 SPORTS, and 75,000 POB delegations. We want to include new tokens in the work. However, candidate tokens still have issues with liquidity and trading volume.


We announced the CENTG token a long time ago and used it as a governance token for a while. However, the expected demand for the token did not materialize. We liquidated the CentG token by paying users Cents equal to the value of the token. The management of the token has been transferred to the @null account. There are a total of 1,000 CentG tokens, and 15 have been burned. The maximum supply of the token is 1,000. CentG has two liquidity pools: Cent and Hive.

  • We have made Cent's HBD, Hive, BEED, and SHORT pools attractive by creating incentives through the Stablecoin Study. However, the liquidity pools other than BEE and LEO are almost passive. We are conducting various studies to increase trading volume. However, to increase liquidity, we need to support Cent's BTC, ETH, USDT, Pob, Atx, and Lbi liquidity pools. Therefore, we decided to use the CENTG token. @centtoken provides liquidity to the liquidity pools other than the four tokens included in the Stablecoin Project. It converts the tokens it obtains (excluding Cent) into Swap.Hive tokens. And it adds them to the Hive/CentG liquidity pool as LP rewards. When the CentG portfolio of the @centtoken account exceeds 500, it adds the excess tokens to the Cent/CentG liquidity pool as LP rewards.
  • CentG tokens are distributed to users. Some tokens are also in liquidity pools. @centtoken has acquired approximately 300 tokens. And it has added some of these tokens to CentG's liquidity pools. We also added some Hive rewards to the Hive/CentG liquidity pool. So the work we mentioned is functional. I will announce the work and share detailed information in the coming days.

Cent has 15 liquidity pools. LP rewards are distributed across all liquidity pools. The monthly trading volume in the token's liquidity pools is twice the token's market value. In July 2021, I shared an article on how to earn with Cent. All the income generation methods mentioned in the article are still valid. In June 2024, we launched an event on Cent market making. For a while, we distributed BEE rewards to users who placed market maker orders in the Hive/Cent market. However, we haven't been able to replicate the success we showed in Cent's reward pool management and liquidity pool management in the token's market. Recently, however, we started using @dswap. @centtoken is placing market orders in the Cent and SHORT markets. Therefore, the volume has increased somewhat. I will share more detailed content on this topic in the coming days. However, placing buy and sell orders gradually in the Hive/Cent and Hive/SHORT markets now will yield significant profits.


Trade and Tribe studies have been isolated. The @balina account is now managing the works. We are in the process of balancing the distribution of tokens. We will continue to distribute LP rewards in the Cent/Trade and Cent/Tribe liquidity pools with an APR of 25%-50%. Resources will be provided by the @balina account. The @balina account will manage the operations and liquidity pools. @centtoken account represents an investment in Trade and Tribe tokens or their associated liquidity pools. However, @centtoken will not contribute to the distribution of LP rewards in the liquidity pools or the management of the liquidity pools in any way.


In conclusion; we are working to make Cent more functional through both ongoing and planned works. Weekly or monthly reports are published on the ongoing study. Regularly following this contents will be very beneficial. To do this, follow the @centtoken account. The latest May report, published monthly, can be found [here][https://peakd.com/hive-173575/@anadolu/monthly-reward-pool-and-liquidity-pools-report-526]. See you soon.

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2.46147194 BEE
1 comments

I am glad that you didn't give up the ghost during the crypto troubles these last few years.

I think people put too much faith in stablecoins. Stablecoins amplify dips. It is better to concentrate on floating investment.

BTW I've staked 50k CENT and am looking forward to the day when the market corrects and it is worth a penny again.

!WINE

0.00000000 BEE