SHORT Token
There is still no stable cryptocurrency with an actively used market and liquidity pool on the Hive-Engine. There are a few liquidity pools that distribute satisfactory LP rewards, but even these lack sufficient liquidity. Recently, as with all digital markets, cryptocurrencies and Hive have experienced sudden price shocks and extreme volatility.
The SHORT Token was created a few days ago. You can think of the token as an insurance option to benefit from potential downward trends in the Hive price. We launched the token at 0.17 Hive. We kept the price quite low to allow all users to benefit and for fractional trading. We track the reference price using the Hive/USDT pair on Tradingview. You can create the chart by entering a code like BINANCE:USDTUSD/BINANCE:HIVEUSDT in the pair search section. We will use liquidity pools, market maker transactions, etc. to reduce the token's volatility.
The token is supported by the Cent Project. It will be managed by the @centtoken account. We have created a Hive/Short liquidity pool and started distributing LP rewards. We will include the token in our Stablecoin Project. We will add Cent, USDT, HBD, and BEED tokens as LP rewards to the liquidity pool. Later, Hive/Short, HBD/Short, etc. liquidity pools will be created.
Token name: Short
Symbol: SHORT
Maximum supply: 1,000,000
Management account: @centtoken
For token trading:
https://tribaldex.com/trade/SHORT
https://hive-engine.com/trade/SHORT
https://tribaldex.com/swap?from=CENT&to=SHORT
Cent/Short liquidity pool added $300 worth of liquidity. More liquidity will be added gradually. @centtoken will be prevented from earning LP rewards. The token's main price movement will occur in liquidity pools. Therefore, it will be more profitable to enter small, staggered buy and sell orders in the token market. It will also be more beneficial to view the token not as an investment vehicle, but as an option to profit from potential price drops.
I mentioned the token in a previous post. I will update this page as data matures and strategies for token management are developed. Therefore, it will be to your advantage to follow this page and the reports and announcements published by @centtoken.
Image source: Gemini AI
How about if the downward trend in the price of HIVE started to reverse? How will it affect the price of SHORT?
As the name suggests, the token loses value against Hive if the Hive price rises. However, it maintains its value in HBD or dollar terms.
In that case, is there a need for a new token like LONG?
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I added 50 SHORTS and 8 SWAP.HIVE to the SWAP.HIVE:SHORT pool. The APR is difficult to resist.
The initial profit margin isn't noticeable in the newly created liquidity pools. This can be prolonged during downturns like this period. I'll hold onto my liquidity for a while longer, because the liquidity inflow seems very low compared to the added reward.
I find it impressive if the APR stays above 100% for 3 months at least.
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