Delegation Works #Phase 5: VYB
Hello everyone. We are continuing our Delegation Works where we left off. We previously announced that we were working on Hive, Bee, Leo, Cent and Pob tokens. We are adding the VYB token to the work in question. Vyb is somewhat similar to the Pob token that we previously started working on. Its maximum supply is 21,000,000 VYB. However, all incoming rewards are staked. And when the unstake process is initiated, the tokens are paid back daily in 25 equal installments.
You can earn rewards with a minimum of 15% APR by delegating VYB to the @centtoken account. For now, we have set the delegation lower limit as 25,000 VYB. For tokens other than Hive and Bee, we set the lower limit as approximately 100 Hive worth of tokens. However, we set it as approximately 50 Hive worth of tokens in VYB. We will gradually increase the delegation lower limit in question.
We distribute the rewards by combining the return we get from the curation rewards and the return we get from the Hive-Engine Investments Study. The rewards will be distributed weekly by converting the tokens obtained from the studies we mentioned into HBD. With such a strategy, we will contribute to users being less affected by price fluctuations. At the same time, we try to contribute to the value of the token by market making in the tokens we work on.
To start, I will delegate 30,000 VYB from my personal account. We purchased approximately 25,000 VYB tokens for market making transactions using the @centtoken account. In order for our Delegation Works and Tribe Token work to be more efficient and to contribute more to Hive-Engine tokens, these works need to reach more users. You can support us by delegating, Trade, investing in Tribe token, trading these tokens and telling your friends about such works. I hope we can make the Hive and Hive-Engine community more active. As the activity on the blockchain increases, this will attract the attention of other cryptocurrency users. I hope we can introduce Hive to more users and investors. See you, stay tuned.
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Oh! It's VYB this time. Interesting addition.
!BBH
!PIZZA
Considering the prize pool, VYB is a pretty good token. Let's see what the work brings.
Very cool! Especially with having VYB within the $tribe lp rewards!
When factors such as the reward pool, yield rate, and the working logic of the token are considered, VYB is a very good token. Despite all the price drops, 89% of the token is still staked. We bought some for the Tribe token operation. We are thinking of buying more tokens. We also want to add depth to the token market by keeping some liquid tokens in the @centtoken account. I hope the token price value also reaches the places it deserves.
!DUO !lolz
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Vyb price is increasing , good thing bro
I hope that with this work we can contribute to increasing the value of the token.
Glad to hear about the addition of VYB. I used to hold a lot of this token, but sadly I sold most of it off a while back. I was about to delegate the 400 VYB I had sitting around, until I read about the delegation lower limit as 25,000 VYB. Doesn't seem like VYB delegation will be an option for me.
I was pleased to discover that the tag #proofofbrain also makes posts eligible for #VYB rewards. This way I can rebuild my VYB holding, although it would be a very long time (if ever) before reaching the lower deletion limit, especially if it goes up in the future. Looks like I will be focusing on other CENT investments.
Either way, I'm glad that VYB is now included among delegation options.
!BBH
Thanks for your comment and sharing your thoughts. You mentioned some of them; there are many ways to accumulate tokens. For example, we will add more VYB tokens to the Cent/Tribe liquidity pool soon. I hope you achieve your goals and thus success as soon as possible. Good luck.
$PIZZA slices delivered:
@arlenec2021(1/5) tipped @anadolu
@anadolu! @arlenec2021 likes your content! so I just sent 1 BBH to your account on behalf of @arlenec2021. (1/1)
@anadolu! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (18/100)