TRADE Token Weekly Working Report (December 22)

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The general perception is that we are focusing on other studies and taking a break from the Hive-Engine Investments Study :) Although we seem to care about the Delegation Study and the Tribe Token Study, we are very interested in the investment and trading transactions in Hive-Engine, which is our main area of interest. We have focused especially on Hive/HBD trading in the last two weeks. There is extreme volatility in the Hive price, as in other cryptocurrencies. We will continue to benefit from this price volatility.

Again, due to the extreme fluctuation in the Hive price, there is extreme selling pressure on Hive-Engine tokens. Many tokens lost up to 30% of their value. We countered the selling pressure as much as possible in Cent, Trade and Tribe tokens, for which we are market maker.

Last week, we added 700 Hive worth of LP rewards to the Hive/Trade liquidity pool. This week, we only added 25 HBD LP rewards. As part of the Delegation Works, we distributed 5% more rewards to users who delegating tokens to the @centtoken account.

trade lp rwd.png

There is $3113 worth of liquidity in the Hive/Trade liquidity pool. There was a trading volume of $550 last week. There are $1171 worth of LP rewards waiting to be distributed in the pool. The current APR in the pool is 51.6%.