Hello dear Cent Community. We hope you are well. We shared updated information about Cent's reward pool and liquidity pools last July. As we mentioned in our last three reports, we are approaching another cryptocurrency bull season. We do not have exact data on time. However, as we mentioned before; "The footsteps of the Bull have begun to be heard." We made some changes in the prize pool of Cent Token. We continue to increase the reward distribution rate in liquidity pools. The Cent project has reached a certain maturity in terms of infrastructure. We can expect it to start a movement towards the targeted price level as of the middle of December. In this post, we will talk about the current situation in the reward pool and liquidity pools.
The prize pool generates 5 Cents per minute. This means 7,200 Cents per day are distributed as writer and curator rewards. All author and curator rewards are staked. If content is not produced on Cent's frontend or community page, 20% of author rewards will be credited to @centtoken. If you withdraw your Cent delegation, Cent Power will return to your account after 7 days. If you unstake Cent, it will become liquid in 4 installments within 28 days.
There are approximately 6,950,000 Cents in circulation. About 53% of this amount is staked. Approximately 2,500,000 Cents were added to liquidity pools. Approximately 70,000 Cents are in liquidity pools for distribution to liquidity providers. The remaining amount of Cents may be in liquid form in the wallets. Or an order may have been entered to be sold in the Hive/Cent market.
770 of the 1,000 CentG tokens in circulation are in liquidity pools. 45 CentG is in liquidity pools to be distributed to liquidity providers. The remaining portion may be in liquid wallets. Or a sell order may have been entered in the Hive/CentG market.
Reward distribution continues in Hive/Cent, HBD/Cent, Hive/CentG and Cent/CentG liquidity pools. You can check current APR rates at https://beeswap.dcity.io/pools?search=cent and https://tribaldex.com/dieselpools/pools. The reward distribution period in two liquidity pools ends in approximately twenty days. Particularly in the Cent/CentG liquidity pool, reward distribution has been going on for a year. We distributed one-third of CentG tokens to users who provide liquidity to this pool. We recently reactivated LP rewards in the HBD/Cent liquidity pool. In the coming period, we will attach great importance to Hive/Cent, Hive/CentG and HBD/Cent pools.
We re-enabled hourly reward distribution in the Hive/Cent pool. This distribution will continue for a while. This reward distribution is not included in the daily LP rewards APR rate. You can get detailed information about hourly prize distribution from @centtoken/hourly-prize-distribution-announcement-in page.
Follow @centtoken account for new announcements and news.