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.
Problem.
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.
Solution.
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.
Aim.
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.
Token supply policy works to reduce volatility.
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:
- If the token loses too much value; reduction of distribution quantity, purchasing pressure, buyback etc. Many methods are used.
If the token price rises too much; Increased supply, sales pressure, increased distribution, etc. Many methods are used. - Cent Token will not be sold. Market maker orders are entered at certain levels.
- There will be many incentives to increase the token value and trading volume. Create liquidity pools, create tribal project, support tribal projects, communities, offer staking rewards, etc.
Token Supply
CENT has reached its maximum supply and the reward pool has been closed. Staking rewards are still being distributed. Withdrawal of stakes will be completed in 4 installments within 28 days.
liquidity pools;
CENT Token has five liquidity pools. Hive/Cent, HBD/Cent, Cent/BEED, Cent/USDT, Cent/BTC, Cent/ETH, Cent/Bee, Cent/Leo, Cent/Trade, Cent/Tribe, Cent/SHORT, Cent/CentG, Cent/Pob, Cent/Sps, Cent/Lbi, Atx/Cent 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.