Hello everyone. Last month, Cent's liquidity pools experienced a decrease in liquidity and trading volume. The price of Cent also decreased slightly. It depreciated to a price of 0.0013 Hive by the last week of July. The current price is 0.00155 Hive.
We reduced the amount of Cents in circulation by 1,632,185 compared to last month. We withdrew almost all of the Cent liquidity from the @centtoken account's liquidity pools. We burned approximately 1,500,000 Cents. We purchased approximately 100,000 Cents from the liquidity pools through the @centtoken account and burned these tokens. We continue to burn tokens using the daily burn posts shared by the @centtoken account.
We have a new liquidity pool. The ATX/CENT liquidity pool was created last week. LP reward distribution will begin shortly.
The APR offered in the Cent/Tribe and Cent/Trade liquidity pools is extremely high. This is a warning to those who want to take advantage of this opportunity :) The APR offered in the Cent/BTC and Cent/Leo liquidity pools is slightly low. We will add some LP rewards to these pools shortly.
Cent Tokenomics:
A total of 64.291.406 Cent were generated. 27.262.532 (@null) of these tokens were burned. There are 37.028.874 tokens in circulation.
Last month, there was $15.048 worth of liquidity in Cent liquidity pools. This month, there is $10.953 worth of liquidity. There was $33.786 worth of trading volume in liquidity pools. This month, there is $21.763 worth of trading volume.
The reward pool generates 4 new tokens per minute. This means 5760 tokens are generated per day and 2,102,400 tokens are generated per year. The generated tokens are distributed as 50% curator rewards and 50% author rewards. All distributed rewards are paid in liquid form. If the author uses a community other than Cent's community page when publishing content, a portion of the author rewards goes to the @centtoken account. If you initiate a power outage, your tokens will be paid out within 28 days (in 4 installments). If you withdraw a Cent delegation, your voting power returns after 7 days.
Current Status of Liquidity Pools:
- There is $2498 worth of liquidity in the Hive/Cent liquidity pool. There was $10803 worth of trading volume last month. The current APR in the pool is 52%.
- There is $1314 worth of liquidity in the HBD/Cent liquidity pool. There was $1408 worth of trading volume last month. The current APR in the pool is 40%.
- There is $822 worth of liquidity in the Cent/BEED liquidity pool. There was $1637 worth of trading volume last month. The current APR in the pool is 46%.
- There is $805 worth of liquidity in the Cent/BTC liquidity pool. There was $693 worth of trading volume last month. The current APR in the pool is 33%.
- There is $735 worth of liquidity in the Cent/ETH liquidity pool. There was $638 worth of trading volume last month. The current APR in the pool is 53%.
- There is $1,435 worth of liquidity in the Cent/Bee liquidity pool. There was $1,168 worth of trading volume last month. The current APR in the pool is 52%.
- There is $1,643 worth of liquidity in the Cent/Leo liquidity pool. There was $1800 worth of trading volume last month. The current APR in the pool is 39%.
- There is $797 worth of liquidity in the Cent/Pob liquidity pool. There was $464 worth of trading volume last month. The current APR in the pool is 69%.
- There is $332 worth of liquidity in the Cent/Tribe liquidity pool. There was $1153 worth of trading volume last month. The current APR in the pool is 166%.
- There is $476 worth of liquidity in the Cent/Trade liquidity pool. There was $1990 worth of trading volume last month. The current APR in the pool is 146%.
- There is $43 worth of liquidity in the Atx/Cent liquidity pool. There was $9 worth of trading volume last month. The current APR in the pool is 0%.
- There is $1244 worth of liquidity in the Hive/Trade liquidity pool. There was $1025 worth of trading volume last month. The current APR in the pool is 141%.
- There is $390 worth of liquidity in the Hive/Tribe liquidity pool. There was $1534 worth of trading volume last month. The current APR in the pool is 109%.
Last month's report is here. Follow @centtoken for new reports and news.