It's only an algorithmic ("soft") peg, where the CENT reward bot on #HiveEngine tries to bring the price of the token close to $0.01 by reducing the CENT rewards (of authors or curators) when the price is less than $0.01 and increasing the rewards when the price is more than $0.01. 🤓 However, the peg will be followed only if the ability of the bot to stabilize the price is greater than the market supply or demand of the token. 😏 #NotFinancialAdvice 😅 !LUV !CTP