Trade Token

2 years ago(edited)

I joined the Hive Blockchain (formerly Steem) in 2017. In May 2021, I announced the Cent Project. Since my introduction to Hive-Engine, I have been using almost all its features. I have gained experience in liquidity pools, token trading, token management, tribal project creation/management, etc.

The study has been quite productive since its announcement. However, low transaction volume and lack of liquidity in Hive-Engine were among the problems we encountered. At the same time, we ran the study for a long time with very little capital. With the Trade Token Study, we will manage trading operations, market making, and liquidity provision together. We will distribute the study rewards using the Hive/Trade liquidity pool.

Token name: Trade
Symbol: TRADE
Maximum supply: 21,000
Management account: @hetrader
For token trading:
https://tribaldex.com/trade/TRADE
https://hive-engine.com/trade/TRADE
https://beeswap.dcity.io/tokens/TRADE

There will be no large-scale token sale. Market making, token sales, and token buybacks will be managed together in the token's market. However, we will keep inflation extremely limited. 25% of the proceeds from the token sale will be used for regular token buybacks.

At least 50% of the revenue generated from trading, investing, liquidity provision, etc., on the Hive-Engine will be added to the Hive/Trade liquidity pool as liquidity provider rewards. The remaining portion will be allocated to trading, investing, and liquidity provision activities.

Initially, we have set a price target of 1 HBD (1 USD). However, the TRADE token is not a stablecoin. As the project matures, the token's value will naturally increase. We will increase the buyback amount when the token's value is at or below 1 HBD. When the token's value is above 1 HBD, we will reinvest a significant portion of the project's revenue back into trading and investing activities.

cent leofinance proofofbrain hive-engine trade defi token

1.09832058 BEE

13 comments

@axietrashgame57

2 years ago

At the same time, we carried out the work with a very small capital for a long time.

Yes, with little capital it's not that easy for an idea to take off.

Interesting new token.

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@anadolu70

2 years ago

I hope we can reach better places with the token. If this can be achieved, it will be very profitable for both the project and the participating users.

0E-8 BEE

@axietrashgame57

2 years ago

With the growing capital and leveraging on your experience, I think the journey is worth a try.

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@acidyo83

2 years ago

Not sure I'm getting this right, you'll provide volume to certain tokens? I thought liquidity pools and swaps removed the need for market makers.

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@anadolu70

2 years ago

Hello. Let's take Zing Token as an example. In the Hive/Zing market, the trading volume in the last day was $133. In the Zing/Hive liquidity pool, the trading volume in the last day was $401. The situation should be exactly the opposite. In other words, the place where the trading volume should actually occur should be the token market, not the liquidity pool. And the price formation should occur in the token market.

Let me talk about just one of the problems that the current situation will create; The current Zing price in the liquidity pool is 0.00273 Hive. In the Hive/Zing market, it is 0.00263/0.00359 Hive. The price in the liquidity pool should be close to 0.00311 Hive. As long as the token market does not have the trading volume and liquidity advantage, healthy price formation cannot occur, no matter which way the price moves. I chose Zing because it is a known example. 90% of the tokens in the Hive-Engine have the same problem. Arbitrage bots like Mcbot, God0, Konvik etc. provide some balance. However, they do not provide real users with the opportunity to make a profit due to low transaction volume etc.

We have started studies like the one here regarding Cent. One of the purposes of creating this token is to prevent the problems I mentioned. Such things will remain very weak. However, it is necessary to start from a certain stage.

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@acidyo83

2 years ago

The reason it should be the opposite is cause there's no fees there?

But yeah I always thought the arb bots would take care of the spread, not sure why it's still that bad. So if it helps with that then I can understand it. Thanks for explaining!

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@arlenec202156

2 years ago

Arbitrage bots like Mcbot, God0, Konvik etc.

I have been wondering about these accounts. Now I see; they are bots.

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@ironshield76

2 years ago

I bought a small amount to earmark this token, interested in seeing what future options it will bring.

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@jacobtothe76

2 years ago

I just don't see the point. Aside from the lower cap, how does this add anything?

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@anadolu70

2 years ago

Hello. I explained the part you mentioned here;

We are planning to develop the Hive-Engine Transactions study further. We also decided to include other users in the work through a token. In this way, we will be able to reach a certain capital level. At the same time, we will be able to create a certain amount of transaction volume and provide more liquidity and depth to Hive-engine tokens. We will also be able to distribute a portion of the income generated to the participants.> Quote

If you have any other questions I can answer them.

0E-8 BEE

@jacobtothe76

2 years ago

Yeah, that still doesn't seem like an explanation. Will the capital generated be used to back the tokens at a certain HIVE price floor?

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@rzc24-nftbbg70

2 years ago

I announced the Cent Project in May 2021.

So it took you 4 years to launch the Cent project. I see now that when I joined Cent, the project was just 10 months old. And then after 3 years and 4 months, you are launching another token. I like its name; I am a lover of free trade and markets. Though I don't fully understand how this token works, I am willing to give it a try once my fund arrives. Thanks for sharing your experience.

!BBH

!PIZZA

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@anadolu70

2 years ago

Thank you very much for your contributions so far. This has been a very experience-informing process. I hope the upcoming process will add more to the past experiences. The profit will follow.

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@rzc24-nftbbg70

2 years ago

Yes, though the code aims to remove "trust," but still we cannot completely do away with our basic humanity. I find my two years and six months of being a member of the Cent community very worthwhile. Thanks to you!

0E-8 BEE

@rainbowdash4l69

2 years ago

Could you provide some insights in the TRADE token release schedule / distribution?

What I noticed sofar after clearing the market to enter a LP position early:

Account 'centtoken' seems to be able to call upon the smart contract and unlock another batch of TRADE tokens manually - for example the 1000 TRADE tokens today.
My questions: How many of the 21K tokens are allocated to 'centtoken' and will be come available for sale? Are there guidelines / timelines for this?
I noticed that the account ' centtoken' was trying to find a good price to position the next batch, repositioning it a couple of times.
My question; would a fixed prices schedule make sense? Placing every next batch of 500 higher compared to the previous batch (for example 0.25 or 0.5 hive above the previous).
There seems to be a contract distributing 500 Trade tokens to your account Anadola a day.
My question: Can you confirm this? Furthermore, what proportion of total TRADE is allocated for this?
General question: Apart from allocation to LP rewards and the distributions to centtoken and anadolu, are there other allocations for the distribution of TRADE?

Good luck with this project!

0.02692090 BEE

@anadolu70

2 years ago

Hello. First of all, thank you for trusting and participating in the project and the 'Hive-Engine Investments' study. First, let me answer your question about the accounts.

Anadolu account is the creator account of the token. Therefore, a note is seen on the creator account every time a new token is minted. So far, 3,000 Trade tokens have been put into circulation. And all of the tokens were sent to the @centtoken account. The account added 730 tokens to the liquidity pool for LP rewards. 2 Trade tokens are distributed daily in the liquidity pool. All but 505 of the remaining tokens were sold in the Hive/Trade market. 500 tokens were entered into the market as a sell order. 5 Tokens are in the @centtoken account. There is no token distribution other than the tokens distributed in the liquidity pool and the tokens sold by @centtoken. There was no token printing, distribution, etc. other than sending to the @centtoken account. There will be no such distribution in the future.

As for the sales and distribution strategy;

As I mentioned in the introduction text of the token, I have gained a lot of experience in such matters. However, I must confess :) A large purchase like yours was not expected. Initially, 1500 tokens would be printed and 730 tokens would be added to the liquidity pool. The remaining tokens would be sold in the market. Therefore, some of the users would add their tokens to the liquidity pool, while others would make purchases and sales in the market. Thus, depth, transaction volume and liquidity in the pool would balance each other and become stable.

As a result, 1500 more tokens were sent to the @centtoken account than planned. And the balance was achieved by gradually increasing the sales price. The account does not enter orders only to sell tokens. In addition, it enters a sell order in the token market to protect users who trade in the market from price slippage. To give an example; If @centtoken removes the sell order and a user enters a loaded buy order at the market price, they will encounter extreme prices such as buying 1 Trade token at the price of 500 Hive. Therefore, it is quite natural for the account to enter sell/buy orders at various levels. When the transaction volume, liquidity and depth begin to mature, such measures will not be necessary.

Token printing and sales by the @centtoken account will only be done when needed according to the strategy of the study. For example; Adding LP rewards to the Hive/Trade liquidity pool, Token sales, etc. However, while doing this, we will of course consider factors such as the price of the token, the inflation rate, and whether the market is in a bull season or bear season.

As mentioned in the introductory text above, when the token was announced, I purchased approximately 300 Trade tokens. The reason for this was to ensure that the Hive/Trade liquidity pool was created and started distributing rewards as soon as possible. (Liquidity pool creation fee is 1000 BEE and the fee to activate LP rewards is 100 BEE.) I added some of my tokens to the liquidity pool. I also entered buy and sell orders for some of them to contribute to the formation of depth in the market. I also recommend you to follow the price movements and buy/sell when you see it necessary. In addition to all this, constantly evaluate the risks, whether in other cryptocurrencies or Hive-Engine tokens. And take the necessary precautions. I wish you success.

https://he.dtools.dev/richlist/TRADE
https://he.dtools.dev/@centtoken?symbol=TRADE
https://beeswap.dcity.io/pools?search=trade
https://beeswap.dcity.io/tokens?search=trade

Ekran görüntüsü 2024-09-18 180031.png

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@rainbowdash4l69

2 years ago

Awesome! Thank you for the detailed reply!

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@ironshield76

2 years ago

Interesting... Does TRADE token have any utility?

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@anadolu70

2 years ago

It is built entirely on trading. Therefore, the returns on investments made in Hive-Engine, trading profits, etc. will be distributed mainly to users who hold the token. It may be suitable for those who expect a regular income stream. But in any case, consider your risks.

0E-8 BEE

@pepetoken71

2 years ago

!BBH !DOOK

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@dookbot-2

2 years ago

^{You just got DOOKed!}
^{@pepetoken thinks your content is the shit.}
^{They have 14/400 DOOK left to drop today.}

^{Learn all about this shit in the toilet paper! 💩}

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@rainbowdash4l69

last year

Wow! 2000 new trade released from contract! Exciting :) new project update coming soon? !DUO

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@duo-tip47

last year

^{Sorry @rainbowdash4l, this post is older than 7 Days days.}
^{There are plenty of other great posts out there!}
^{(We will not send this error message for 24 hours).}

^{Learn all about DUO here.}

0E-8 BEE

@anadolu70

last year

Hello 🙂 A new report will be published during the day. The circulating supply for the token sale has increased to 5000 tokens. If it happens, orders have been placed for sale on the market between 1.8 and 2.5 Hive. The income will be used for trading and investment.

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@rainbowdash4l69

last year

Perfect! Can't wait! !DIY

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@diyhub75

last year

@rainbowdash4l just sent you a DIY token as a little appreciation for your comment dear @anadolu! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so: