Hello dear Cent Community. As you know, we have 5 liquidity pools. Especially the transaction volume in Hive and HBD liquidity pools has reached very good levels. We still have not reached the desired values ββin terms of transaction volume and liquidity in the Hive/Cent market. However, as you know, transaction volume and liquidity are very important for a healthy price formation.
We enter buy and sell orders into the Hive/Cent market using the @centtoken account. Additionally, a few arbitrage bots ensure price balance between liquidity pools and the market. Several scalping bots operate in the market. But these are not enough. We decided to launch an event to reach sufficient transaction volume and liquidity in the Hive/Cent market. We have not set an expiration time for this event.
What you need to do is very simple;
Enter buy and sell orders on the Hive/Cent market. You can enter interval orders at certain price levels or by setting a percentage rate. If you want your transaction to be completed in a short time, reduce the price difference and order amount. If you aim to make a higher profit every time an order is executed, increase the price difference between orders.
Awards;
It is not currently possible for us to follow the transactions carried out technologically. Therefore, we will keep an eye on the Hive/Cent market. We will follow the market making transactions that take place. We will periodically send BEE tokens, Hive-Engine's native token, to users who make market maker transactions.
Things you should pay attention to:
As an example, we will add a screenshot of the orders we entered using the @centtoken account below.
As you know, liquidity pooling, liquidity provider rewards, etc. We act very proactively on these issues compared to other projects. As mentioned in Cent's white paper, our primary goal is; Our aim is to offer our users a token with high liquidity and sufficient transaction volume. For this reason, we are trying to ensure healthy price formation in the Cent market, as in the liquidity pools. We will continue to offer very attractive incentives to ensure features such as high liquidity and low price slippage. Don't hesitate to ask questions about anything that's on your mind. Follow this account for new event announcements and current news.
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This is good news
Mostly bots are trading tokens, including CENT, fighting against them is boring, I prefer staying in the liquidity pool
!LOLZ
Despite having zero transaction fees, unfortunately transaction volumes on Hive-Engine are extremely low. If there were no arbitrage bots, price differences in liquidity pools would increase enormously. Price slippage between liquidity pools and coin markets begins to occur. Scalping bots are a bit annoying. However, they also reduce the difference between buy/sell orders.
Bots are extremely useful if you are not in a hurry. It makes perfect sense to use liquidity pools when time is an issue. However, when you do not have time problems, we recommend that you use token markets. You will see your costs start to decrease and your profitability increase.
You may be right, but I hate the idea of having to go through a trading bot to buy or sell a token. By doing so, you don't get a fair price and you're fattening up a middleman, and given the high number of bots out there, it must be very juicy.
I don't think they reduce the difference between bids and offers, the difference only reduces if a human places orders that beat them and then they readjust, I've tested it several times to precisely reduce the difference.
@tipu curate
Upvoted π (Mana: 42/52) Liquid rewards.
Thank you.
Wow, participating in the Hive/Cent market event could be a good opportunity to influence price dynamics and earn rewards. Very exciting for this
Thanks. We hope this process will be fun and profitable for you too.
Absolutely Cent Token, the future is going to be brighter with Cent
I never thought of this of both HIVE and CENT. I only think to keep HBD and HIVE. Anyhow, thanks for reminding us.
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Interested to to help music map cXc.world spread more good vibes on Hive?.
I'm redoubling my effort to keep buy/sell orders on the cent/swap.hive market.
Wow! So rich in trading insights. Thanks!
!DIY
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I can setup a bot to help the price if needed?
Sure. That's fine. As long as the market maker is making trades, we'll send rewards.