Hello. 25 days ago, we added Blurt Coin to the Tribe Token Work). 20 days ago, I shared a call to action regarding the Tribe token. As you know, the rewards of the Tribe Token Work are distributed through the Cent/Tribe liquidity pool. Therefore, the work in question is also very useful for Cent Token. 9 days ago I announced that we started Cent Buybacks. We also continue to withdraw Cent from the market by utilizing BEED, Trade Token and Tribe Token studies.
Cent Tokenomics:
A total of 45,681,748 Cents were produced. 10,844,382 of these tokens were burned. There are 34,837,366 tokens in circulation. Last month, there was $14,800 worth of liquidity in Cent liquidity pools. This month's liquidity is $14,053. There was $58,345 worth of trading volume in liquidity pools. This month, there is a trading volume of $24,515.
The reward pool generates 4 new tokens per minute. This means that 5,760 tokens are generated per day and 2,102,400 tokens are generated per year. The generated tokens are distributed as 50% curator rewards and 50% writer rewards. All distributed rewards are paid in liquid form. 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 will return after 7 days.
Current Status in Liquidity Pools:
In summary; The first quarter of 2025 saw a generous distribution of Cents through liquidity pools and reward pool. Starting from the second quarter, we will focus more on efforts to burn more tokens and withdraw more Cents from the market. We will focus more on efforts to encourage Cent staking and burning. In the delegation effort, we are still keeping the reward rate paid for Cent Delegations at 25% APR. Only the management team votes on burn posts with 9,500,000 Cents staked/delegated. In total, we burn at least 50,000 of the tokens produced monthly.
You can access the previous month's token status report here. See you again. Stay tuned.
Author: @anadolu
Posted Using INLEO
Great developments! Looking forward to the second quarter!
Truly excellent work on your many $CENT projects. !PIMP ๐
Amazing work, my friend! Thank you for these updates, I really appreciate them! CENT has become one of my top sought-after tokens! ๐ ๐ ๐ โจ ๐ค