Hello everyone. Last year, two studies were launched under the roof of the CENT Project. In June, we announced the Delegation Works. In December, we launched another study on tribal token projects that created the token called TRIBE. We did not combine the two things at the beginning of this year. The TRIBE Token Study has reached a certain maturity.
With the Tribe Token Study, we buy the tokens of tribal projects such as Bee, Leo, Sports, Pob, etc. and staked. The @centtoken account publishes daily token burning posts. The account uses at least 90% of its voting power to burn tokens. We burn all of the author rewards. We distribute the income from the curations as LP rewards in the Cent/Tribe liquidity pool. New tribal tokens are purchased and staked with the proceeds from the TRIBE token sale. You can get detailed information about the study here.
With the Delegation Work, we accept the delegation of tokens such as HP, Bee, Leo, etc. to the @centtoken account. The income from the Account Delegation Works and a portion of the income from the Trade Token Work are distributed as delegation rewards. You can get detailed information about the Delegation Work here.
The @centtoken account currently manages 25,000 HP, 5880 BEE, 295,000 LEO, 768,000 POB, 9,500,000 SPORTS, 4,200,000 CENT, 512 WAIV, 1,820 BBHO, 9,500,000 PEPE, 265,000 VYB tokens and 44,600 BLURT Coins. The account currently trades BEE, LEO, POB, CENT and VYB tokens in the markets. We distribute an average of 35 HBD delegation rewards per week. The current APR in the Cent/Tribe liquidity pool is 95%.
Call to Tribal Token Project Managers!
We are in the infancy of the work I mentioned above. I invite you to join us in this work. We know the contribution of continuous staking of new tokens, burning of tokens and creating mutual liquidity pools with project tokens to projects. You can make many demonstrations by delegating tokens to the @centtoken account, investing in Tribe tokens, providing liquidity to the Cent/Tribe liquidity pool, etc.
I can give an example of our cooperation with INLEO in this regard;
We encourage our community users to share their content on the Inleo.io frontend. 100,000 LEO delegations were received from the @leofinance account. The Cent/Leo liquidity pool offers 115% APR. With Delegation Works, we pay Leo delegations made to @centtoken with at least 15% APR. The @centtoken account market maker transactions in the Hive/Leo market.
In the future, we will also offer cooperation to combine the projects of other parties. However, early-stage collaboration will be more productive. Therefore, whether you are an individual user or a tribal project manager, I recommend you to participate in these efforts. See you again. Stay tuned.
