Cent Tokenomics (July 2024)

Hello dear Cent community. We have completed another month. We are here with you to present one of the reports we publish regularly. The past month has been very productive. The effects of the liquidation of the CentG token have begun to fade. We started to see the effects of this on the Cent price. We started to make new collaborations. Moreover, reward distribution periods have been renewed in all our future liquidity pools. Currently offering the lowest APR, our liquidity pool promises 56% annual returns. Approximately 450,000 Cents were added to liquidity pools in the last month.

• Cent's prize pool was producing 4 Cent coins per minute. Approximately 1.7 million Cents have been staked in the last two months. Therefore, the reward pool return dropped to the range of 17%-19%. We increased the number of coins generated in the reward pool to 5 Cent/minute. Currently available APR is in the 23%-26% range. The APR rate will continue to decrease as new Cent are staked and voted. For now, the returns are extremely attractive. This is a good time for those who want to stake new Cents and strengthen their curation, and for those who are considering starting Cent curation from scratch.

• The prize pool generates 5 new Cents per minute. This means the prize pool generates 7,200 new Cent coins per day, or 2,628,000 per year. The generated tokens are distributed as 50% curator and 50% writer rewards. If the author used a community other than Cent's community page when publishing content, a portion of the author rewards will go to the @centtoken account. 50% of distributed rewards are automatically staked. If you initiate a power down transaction, your tokens will be paid in 28 days (in 4 installments). If you undo a Cent delegation you made, your voting power will return after 7 days.

• There are approximately 25,350,000 Cents in circulation. Approximately 10,580,000 of the tokens in circulation were burned. 52%(7.827,000) of the tokens in circulation have been staked. There are approximately 4,600,000 Cents in liquidity pools. 1,200,000 Cents are in liquidity pools to be distributed as LP rewards to liquidity providers. The remaining tokens may be liquid in users' wallets. Or a sell order may have been entered in the Hive/Cent market.

You can access the previous report here. Cent Power UP Day events continue. We will do different events and activities to ensure more Cents are staked. We took a break from the Cent Burning Events for a while due to low participation. Follow this account to have convenient access to new news and reports.

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