Hello everyone. I joined the Hive Blockchain (formerly Steem) in 2017. I announced the Cent Project in May 2021. In May 2023, we announced the 'Hive-Engine Investment Transactions' study, which is a sub-study of the Cent Project. I have been using almost all of its features since I encountered Hive-Engine. I have gained experience especially in liquidity pools, Token trading, Token management, Tribe creation/management, etc. We decided to approach this business more professionally with 'Hive-Engine transactions'. The work has been quite productive since its announcement. However, the low transaction volume and lack of liquidity in Hive-Engine were among the problems we encountered. At the same time, we carried out the work with a very small capital for a long time.
We are planning to develop the Hive-Engine Transactions study further. We also decided to include other users in the work through a token. In this way, we will be able to reach a certain capital level. At the same time, we will be able to create a certain amount of transaction volume and provide more liquidity and depth to Hive-engine tokens. We will also be able to distribute a portion of the income generated to the participants.
We thought of conducting the study I mentioned with Cent. However, Cent is an inflationary token due to the reward pool. In addition, no token sale was made through Cent. There will be no token sale in the upcoming period. Therefore, we decided that it would be more appropriate to create a new token. The token in question will be independent of the Cent Project. In other words, a liquidity pool will not be created with Cent. It will not be distributed as a reward in Cent's liquidity pools. And there will be no distribution such as airdrop. Let's come to the introduction of the token;
Token name: Trade
Symbol: TRADE
Maximum supply: 21,000
To trade token:
https://tribaldex.com/trade/TRADE
https://hive-engine.com/trade/TRADE
https://beeswap.dcity.io/tokens/TRADE
Usage area, Roadmap:
Tokens will be sold through the @centtoken account. The token will be used in the "Hive-Engine Transactions study". At least 50% of the income generated will be used for reward distribution/token buyback. Some of the income generated will be reinvested. The remaining amount will be managed by the @centtoken account for the Cent Project and sub-projects. Our first goal regarding the token is to create a liquidity pool. Thus, we will be able to obtain a more liquid, low-volatility token. We will also automate the reward distribution.
Token sale:
A sell order of 500 Trade was entered by the @centtoken account in the Hive/Trade market. We limited the first sale to 500 units. Token sales will be made again when deemed necessary. However, we will keep inflation extremely limited. And unless a negative situation occurs, no token sale order will be entered at a price lower than the previous sale price.
Reward distribution:
In the first stage, we will distribute the rewards via the Hive/Trade market via the buyback method. A liquidity pool will be created as soon as possible (such as Hive/Trade or HBD/Trade). And we will distribute the rewards through liquidity provider rewards.
I will also purchase some tokens from my personal account so that the liquidity pool can be created as soon as possible. And I will enter market maker orders to ensure trading volume and depth in the market. I will share more information about the token. However, the management and data sharing of the token will be done through the @centtoken account. Therefore, do not forget to follow the @centtoken account. Do not hesitate to ask any questions you have about the token. See you again. Stay tuned.
image: source Note: It will be replaced with the token's image later.