CENT Token is a token that aims to reach a price value of $0.01. Cent Token's price is different from stable cryptocurrencies. The token has a volatile price trend around the target price. It aims to provide ease of transaction to its users by offering high liquidity and high volume.
As you know, tokens for projects in various fields can be launched and listed in Hive-Engine. There are many beautiful projects in many fields. We have the opportunity to buy and sell the tokens of these projects. However, these tokens can be valued in a very short time in some periods. Or it could depreciate very quickly. To hedge these fluctuations, we need stable-value cryptocurrencies in the Hive-Engine. Cryptocurrencies such as HBD and USDT can be used for this. However, the liquidity in these cryptocurrencies is extremely low.
CENT Token matches offering its users a near stable value cryptocurrency. High liquidity and volume are among the main targets. For this, it increases the usability rate by offering liquidity pools, prize pool, various earning methods and solutions, links with other blockchains, etc. As Cent Token's liquidity increases, its volatility will decrease. Thus, the Hive blockchain will be able to achieve its goal of protecting its users from the price risk of tokens, low liquidity and low volume rates.
Offering a high-volume, liquid cryptocurrency for Hive-Engine users, investors and traders is the main goal. It targets high liquidity for small traders and large value investors. To achieve this, it is necessary to create more liquidity pools, make the prize pool available to more users and communicate with other blockchains, etc. is intended.
Cent had a high liquidity and high volume target when it was created. Therefore, the maximum number of tokens was kept high. Features such as a prize pool, liquidity pools, liquidity provider rewards, links with other blockchains, token burning when necessary required keeping the maximum number of tokens high.
Although there is a target price, the token will lose value in some cases and gain value in other cases. However, some studies can be done to reduce volatility as much as possible. Some of these:
Focus area, community and tags.
CENT Token's prize pool is scanning the hashtag "cent". Cent tribe focuses on general content. You can find any content that interests you on the cent tag, on our tribal site, and on the community page. You'll find referral tags on our community page and on the left side of our tribal site. You can find and curate content by going to the tag in your area of interest. If you use the "cent" tag on your posts, you will earn CENT Tokens. If you post from our community page, you'll earn more rewards than posts using the cent tag. Because there are more curators on the community page.
Token supply
As you know, the CENT token is different from other tribal tokens. Although various fluctuations are expected, there is a certain price target. At the same time, we try to increase the liquidity ratio and trading volume as much as possible. For this reason, it differs from other tribal tokens with its token supply, usage areas and earnings targets. Therefore, the token supply in the prize pool will be adjusted regularly to offset depreciation/valuation.
Stake, unstake, reward distribution.
The prize pool has 50% author / 50% curator earnings. As with the Hive distribution, there is a 7-day cooldown. Unstake process is completed in 28 days in 4 installments.
liquidity pools;
CENT Token has five liquidity pools. Hive/Cent, HBD/Cent, Cent/BEED, Cent/BTC, Cent/ETH Cent/Bee, Cent/Leo, Cent/Trade, Cent/Tribe and Cent/Pob. Liquidity provider rewards are active in all pools. You can access the liquidity pools in the Hive blockchain via the Tribaldex.com site. We will continue to create liquidity pools on the Hive blockchain and other blockchains.
