Hello dear Cent Community. We have completed the liquidation of the CentG token. Cent Token lost some value during this period due to liquidation processes. We think there will be a price recovery in a short time. We will talk about a few issues regarding the consequences of liquidating CentG.
- There were 30 CentG tokens in Cent's liquidity pools waiting to be distributed as rewards. At the time given for liquidation, the value of the CentG token against Hive was approximately 6 Hive. We will be adding 180 Hive worth of LP rewards to liquidity pools shortly.
- 500000 Cents borrowed from
Hive account@balina account were sent.
Borrowing process: https://hivehub.dev/tx/7b9d044ec9478593a997ee9d825b82b86fda429f
Refund process: https://hivehub.dev/tx/01ee789b511ec27c9b465b3f97eabe7ffaebadb4
- We set a period of one month for liquidation. However, many users could not participate in the liquidation processes during the process. Considering the user's benefit, we took a screenshot from the CentG rich list at liquidation time. We have set a liquidation process for users who have 1 or more CentG tokens at the time of the screenshot. Users in the list below will receive an amount of Cent tokens staked by sending the CentG amount in question to the
Hive account@centtoken account. The tokens in question
If sent between May 8-15, they will receive 1 CentG = 3000 Cents.
If sent between 16-22 May, they will receive 1 CentG = 2000 Cents.
If sent between 23-29 May, they will receive 1 Centg = 1000 Cents.
Note: This process is not a liquidation process. We completed the liquidation process between 8 April 2024 and 8 May 2024 00.01 UTC. For this, we set up reminders for a month as linked below. Only if the users on the list send the specified amount of CentG tokens, the above mentioned amount of Cent tokens will be sent. We will not consider tokens sent after May 29th. Again, when taking screenshots, we will not take into account tokens sent that exceed the amount of CentG in user accounts or liquidity pools.
Links to the content where liquidation processes are announced:
@anadolu/about-centg-token-liquidation
@centtoken/cent-power-up-day-event
@anadolu/cent-bee-liquidity-pool-active
@centtoken/less-than-24-hours-left
Users who had 1 or more CentG tokens when the screenshot was taken. And the amount of CentG they have:
Hive account@holovision.cash
127.6405
Hive account@blicklicht
42.4753
Hive account@megalithic
35.4759
Hive account@imagenius.fund
27.2643
Hive account@szati
24.3410
Hive account@eirik
24.1247
Hive account@nectar-queen
21.5157
Hive account@roger.remix
19.4925
Hive account@imagenius.dac
18.0368
Hive account@null
14.2938
Hive account@blue.rabbit
14.2766
Hive account@failingforwards
14.2415
Hive account@jarvie
14.1015
Hive account@tidepodoreos
13.7056
Hive account@bobthebuilder2
13.2798
Hive account@zoe24
10.8388
Hive account@god0
10.3474
Hive account@entrepidus
10.3043
Hive account@netvalar
9.3256
Hive account@spiritverve
9.2623
Hive account@torran
8.8606
Hive account@marketroll
8.3349
Hive account@marshmellowman
8.2065
Hive account@kingneptune
7.9835
Hive account@matheusggr
6.2861
Hive account@azj26
4.0669
Hive account@wine-peg
3.8075
Hive account@phusionphil
3.8072
Hive account@chorock
3.5403
Hive account@captain.future
3.3159
Hive account@wine-cellar
3.3055
Hive account@trentonlundy1
2.4310
Hive account@sinistry
1.7681
Hive account@haveyaheard
1.6510
Hive account@ikau
1.5767
Hive account@themcgwire
1.4517
Hive account@gondek
1.3832
Hive account@driptorchpress
1.2565
Hive account@senorcoconut
1.1215
Hive account@no-advice
1.0303
Hive account@new.things
1.0260
Hive account@burn-token
1.0000
- There is some liquidity in the Cent/Centg and Hive/CentG liquidity pool. Swap transactions carried out in these pools still affect the Cent price. In order to preserve Cent's price balance as much as possible, It has not yet burned the Cent and CentG tokens in his Hive account@centtoken account. We will burn the remaining Cent and CentG tokens when the liquidity in those pools becomes negligible.
The announcement of our 'Cent Power UP Day' event, which will be held on May 10, will be published today or tomorrow. 'Hive-Engine Operations' continues where it left off. We have updated the relevant announcement text. You can access it here. See you later.
