CENT Buyback Announcement
Approximately three weeks ago, we announced the SHORT token. We then activated the Hive/Short and Cent/Short liquidity pools. Liquidity provider rewards are active in both pools. We primarily add LP rewards to the Hive/Short liquidity pool. We also add rewards to the Cent/Short liquidity pool. However, for the SHORT token to function efficiently, we need a significant amount of liquidity. Keeping the APR high is unfortunately not enough to reach the expected liquidity level. The Hive/Short liquidity pool will remain dependent on supply and demand. However, we have decided to provide the necessary liquidity to the Cent/Short liquidity pool through the @centtoken account. For this, we need CENT.
You can send your excess CENT tokens to our community account, @hive-173575. In return, you will receive SHORT tokens equal to the value of the CENT tokens you send. To balance supply and demand, we have set a lower and upper limit. A user can send a minimum of 1,000 CENT and a maximum of 5,000 CENT. For example: Let's assume the amount sent is 1,000 CENT. At the current value, you will receive 7,975 SHORT tokens.
Account: @hive-173575
Limit: 1,000-5,000 CENT
Tokens to be received: SHORT
We plan to increase the limit as trading volume and liquidity increase. However, keeping it low for now will also keep the price stable. You can use the SHORT tokens you receive as you wish. However, adding them to the Hive/Short liquidity pool will be the most profitable option. The Hive/Short liquidity pool currently has an APR of 325%. The pool contains 3489 SHORT, 76 SWAP.HIVE, 3.6 BEED, 3 SWAP.HBD, 348000 CENT, and 98 TRADE tokens as rewards. We will continue to add USDT, HBD, and Hive tokens to the pool as LP rewards.
We will announce another CENT pool shortly. As mentioned in last week's report, we will be adding more functionality to the ongoing work. You can follow the current status of the SHORT liquidity pools via the links below. Follow @centtoken for quick access to more news and reports.
https://tribaldex.com/pools
https://tribaldex.com/distribution
https://tools.crypto-dreamr.com/beeswap/pools
APR Check: https://tribaldex.com/pools/positions
Whats the target liquidity for the pool?
Currently, there is $1,600 worth of liquidity. The next target is to reach $5,000 worth of liquidity. However, it should be noted that our main goal is to minimize price slippage when a user buys or sells in the liquidity pools or the token market. In other words, there shouldn't be any price slippage on a $1-$5 transaction in the liquidity pool. Or, a $1 transaction in the token market shouldn't affect the price.
I can come up with 1K+ cent maybe in another 2 days sir.
This is what i have today coz i already added all the cent to lp yesterday. Will send once reach the 1K mark.