The Cent Tribe is liquidating the CENTG token. The tribe will also stop supporting the HIVE-CentG and Cent-CentG liquidity pools.
I thought I would join the celebration by burning 585 CENT. This burn is worth about $0.438.
The Cent Tribe is currently paying 3000 CENT for 1 CENTG token. In theory the CENT token was supposed to be worth $0.01 USD. So, a CENTG was worth a theoretical $30.00 USD.
To be honest. I never figured out what the CENTG token did. I suspect that it was supposed to be some sort of derivative that would help stabilize CENT while providing passive income for the holders of CENTG.
People create derivatives in a belief that derivatives will stabilize things. Derivatives have a nasty habit of concentrating wealth and destabilizing markets.
Hopefully the liquidation of CENTG will help slow the downward slide of CENT's price.
HIVE Engine tells me that CENT has a supply of 13,693,042 coins which trade at $0.0007 giving a marcap of $9,585. The liquidation of CENTG appears to be increasing the CENT float.
CENT Burning Events
In other news, the CENT Tribe is promoting a burning events. One burns a coin by sending tokens to 
If you include a URL in the burn, the tribe will promote your post.
BuyNburn's CENT Burns
NOTE: The 
It takes time to write a post. I've only written 31 so far. I've only earned 18 HIVE for the burns.
I've burned 1614 CENT to date. Today's burn will bring me to 2,199 CENT.
- 2024-04-12 1,000 CENT
- 2023-04-24 103 CENT
- 2023-04-15 511 CENT
Earning coins on HIVE is hard. It took a long time to accumulate this 2199 CENT. Yet, the CENT I've accumulated to date aren't even worth one CENTG!
I will burn all of the funds in
I will keep CENT in my burn cycle until it returns its one cent value.