Tribe token is designed as a utility token that will be used to stake Tribal project tokens and distribute curation returns to token investors. The token provides convenience for users who want to accumulate tribal tokens or earn income from tribal tokens, but do not have time for transactions such as purchasing, voting, etc.
The token and the work will be managed in isolation by the Hive account@balina account. All proceeds from the token sale will be used to purchase and stake tribal project tokens. If completed, the token will be offered for sale at the price of 1 Hive until the maximum supply is completed. If the LP reward distribution in the liquidity pool falls below a certain APR rate, the token supply will be reduced. A Cent/Tribe liquidity pool will be established as soon as possible to effectively distribute the curation income from Tribe tokens. Tribe tokens obtained from curation operations will be regularly added to the liquidity pool as LP rewards.
Tokens to be invested, Management rules, Protection of Tribe token value;
Periodic surveys will be created to get an idea of which tokens to invest in. However, the final decision will be made by the project management. The tokens to be invested will be selected primarily from the tokens used as tags by the Hive account@centtoken account.
Hive account@centtoken account will regularly create token burn posts. Voting will be done on the content and comments created by the account. In other words, since a large portion of the author rewards are continuously burned, the value of the staked tokens will increase.
50% of the tokens such as Leo, Cent, Pob, etc., which are distributed as 100% liquid with curator income, will be staked again. Tokens with a curator return of 50% and above will be unstapped regularly. The returns obtained from the unstake transaction will be added to the liquidity pool as LP rewards.
If the Tribe token price in the liquidity pool drops to 0.75 Hive and below, the Tribe token will be bought back with a portion of the income obtained from curation transactions.
With the token in question, we aimed to make contributions such as increasing the value of tribal tokens and increasing the liquidity and transaction volume in these tokens. At the same time, we will provide convenience to tribal token investors.
account.