Cent Tokenomics (June 2024)

Hello dear Cent Community. The latest data on Cent Token's current token status was published in March. We postponed data sharing in May due to the liquidation process of the CentG token. We are with you in a new data sharing.

• The prize pool generates 4 new Cent Token per minute. This means a production of 5,760 tokens per day or 2,102,400 per year. 50% of the generated tokens are distributed to authors and 50% to curators. 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 all author and curator rewards are staked. If you initiate an unstake (power down) transaction, your tokens will be paid back in 28 days (in 4 installments). If you have delegated Cents to another account and you undo this delegation, your voting power will be returned within 7 days.

• There are 24,000,000 Cent tokens in circulation. 44% (10,574,000) of tokens in circulation were burned. 56% of the remaining tokens (7,569,000) have been staked. There are approximately 4,140,000 Cents in liquidity pools. Approximately 490,000 Cents are waiting to be distributed as rewards in liquidity pools. The remaining tokens are liquid in users' wallets. Or a sell order may have been placed in the Hive/Cent market.

We held the first 'Cent Power UP Day' event on May 10. It was very productive. We think there will be more demand for the next events. 'Cent Burning Events' continue. Additionally, some of our curators continue to award author awards through voting. In addition, five days ago we announced that we started a collaboration with Inleo. We will enable more Cent to be staked/burned with new events. We will also initiate efforts to increase transaction volume in the Hive/Cent market.

Follow this account for new announcements and events.

Posted Using InLeo Alpha