We implemented tightening measures on Cent's reward pool and liquidity pools until mid-December. We increased the reward cut for posts made on Cent's front end and outside of the community page. For a while, we have adjusted author and curator rewards to be staked. We reduced the reward distribution in our liquidity pools. The reason we took these measures was to reduce the sales pressure on Cent. We reduced inflation as much as possible. We increased buybacks as much as possible. Despite all these strategy changes, there was some loss of value.
We hear from some of our project users; "They mention that they received advice such as 'Use the cent tag and sell the rewards'. " There are several reasons behind this and similar statements;
Let's come to the subject that is the focus of this post;
Let's be realistic; The vast majority of cryptocurrencies will disappear. As we mentioned above, many tribal tokens lost their value due to inflation. Many project tokens will turn into waste in the coming period. However, those who use the Cent project know; The Cent project is actively managed. We've made the Cent more than just another tribal token. No token sales were made in the initial phase. Or sending/selling tokens in exchange for HP delegation, etc. not done. We will continue to add inflation-reducing usability features in the coming period. We have six liquidity pools. Distribution of liquidity provider rewards continues in four of them. We started Hive-Engine operations in the past months. We have turned our governance token, CentG, into a passive investment project. In the coming period, we will continue to actively manage the liquidity pools and reward pool in line with the project strategy.
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