Stablecoin Study

As we stated in our previous reports, we believe the success of the Cent Project depends on the depth of the Cent token and its continuously increasing trading volume. To achieve this, we created 15 liquidity pools. We also established liquidity pools with 4 stablecoins to ensure healthy price movement.

As we previously mentioned, we decided to consolidate and more actively manage our work in this area. We will continue our work with Swap.HBD, Swap.HIVE, and SHORT tokens. Within this study, we will actively manage the Swap.HIVE/Cent, Swap.HBD/Cent, and Cent/SHORT liquidity pools. We will be conducting market maker transactions in the Hive/Cent, Hive/SHORT, and Hive/HBD markets via the @centtoken account.

We are conducting market maker transactions according to a specific strategy. For example, let's assume the Cent price is below the target price; if the token price enters an upward trend, we will support this trend with our stablecoin portfolio. If the price enters a downward trend, we will buy Hive, HBD, and SHORT with our portfolio and exchange these tokens for Cent in liquidity pools. This will prevent or at least slow down the price decline.

As a result, the @centtoken account will accumulate more stablecoins. We will provide more support to the liquidity pools involved in the Stablecoin Project compared to other pools. In the coming period, we aim for our Hive, HBD, and SHORT liquidity pools to be among the most liquid pools. The most up-to-date data regarding the Stablecoin Study can be found in the reports shared by the @centtoken account. See you soon. Stay tuned.