Hello everyone. Last month, Cent's liquidity pools experienced a decrease in liquidity and trading volume. The price of Cent also decreased slightly. It depreciated to a price of 0.0013 Hive by the last week of July. The current price is 0.00155 Hive.
We reduced the amount of Cents in circulation by 1,632,185 compared to last month. We withdrew almost all of the Cent liquidity from the @centtoken account's liquidity pools. We burned approximately 1,500,000 Cents. We purchased approximately 100,000 Cents from the liquidity pools through the @centtoken account and burned these tokens. We continue to burn tokens using the daily burn posts shared by the @centtoken account.
We have a new liquidity pool. The ATX/CENT liquidity pool was created last week. LP reward distribution will begin shortly.
The APR offered in the Cent/Tribe and Cent/Trade liquidity pools is extremely high. This is a warning to those who want to take advantage of this opportunity :) The APR offered in the Cent/BTC and Cent/Leo liquidity pools is slightly low. We will add some LP rewards to these pools shortly.
Cent Tokenomics:
A total of 64.291.406 Cent were generated. 27.262.532 (@null) of these tokens were burned. There are 37.028.874 tokens in circulation.
Last month, there was $15.048 worth of liquidity in Cent liquidity pools. This month, there is $10.953 worth of liquidity. There was $33.786 worth of trading volume in liquidity pools. This month, there is $21.763 worth of trading volume.
The reward pool generates 4 new tokens per minute. This means 5760 tokens are generated per day and 2,102,400 tokens are generated per year. The generated tokens are distributed as 50% curator rewards and 50% author rewards. All distributed rewards are paid in liquid form. If the author uses a community other than Cent's community page when publishing content, a portion of the author rewards goes to the @centtoken account. If you initiate a power outage, your tokens will be paid out within 28 days (in 4 installments). If you withdraw a Cent delegation, your voting power returns after 7 days.
Current Status of Liquidity Pools:
Last month's report is here. Follow @centtoken for new reports and news.
Posted Using INLEO
yay! another pool. !BBH
Thank you much for the informative update! I appreciate it! ๐ ๐ ๐ โจ ๐ค