Hello everyone. I hope you are well. This week, we will present the monthly report and the weekly report combined. On April 20, Cent's reward pool started generating 3 new tokens per minute. Before the mentioned date, 4 new tokens were generated per minute. We previously announced that we had started Cent buybacks. We also continue to withdraw Cent from the market through various methods. We have staked 3,000,000 Cents in the @hive-173575 account. We regularly vote on token burn posts created by the @centtoken account. We provide liquidity to pools that distribute rewards with extremely high APRs through the same account. We purchase Cents back with the proceeds. $630 worth of liquidity has been provided to the Cent/Trade liquidity pool.
This week, users who delegated tokens to @centtoken were sent 55.2 HBD and 39 Hive. There is no change in the APR rates offered in the Delegation Study. The current APR in the Cent/Tribe liquidity pool has increased to 125%. We have resumed reward distribution in the Cent/Bee and Cent/BEED liquidity pools, whose reward distribution period ended 15 days ago.
Cent Tokenomics:
A total of 47,424,903 Cents were produced. 10,896,464 of these tokens were burned. There are 36,528,439 tokens in circulation. Last month, there was $14,053 worth of liquidity in Cent liquidity pools. There is $17,830 worth of liquidity this month. There was $24,515 worth of trading volume in the liquidity pools. There is $46,684 worth of trading volume this month.
The reward pool generates 3 new tokens per minute. This means 4,320 tokens are generated per day and 1.576.800 tokens 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 down, 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:
There is approximately one month left until the reward distribution period in the Cent/Tribe liquidity pool is completed. A Hive/Tribe liquidity pool will be created shortly. We will carry the strategy we implemented in the Trade Token study to the Tribe Token Study. We will start distributing the Tribe token Study rewards through this new liquidity pool. You can access last week's work report here. You can access last month's token status report here. See you again. Stay tuned.
Posted Using INLEO
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Credit: ashiru
Earn Crypto for your Memes @ HiveMe.me!
Very cool update! Looking forward to the hive:tribe pool!
CENT:TRIBE LP is most attractive right now. I have a $31.3 position.
Thank you very much for the very detailed and interesting (combined) update! My stake in the CENT pools is growing! π π π β¨ π€
You can follow the current status of the @centtoken account from the following web pages.
https://hive-engine.com/@centtoken/wallet
https://peakd.com/@centtoken/wallet
https://peakd.com/@centtoken/wallet/hive-engine
That's an impressive HE wallet!
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Credit: reddit
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