Hello dear Cent Community. We have completed the liquidation of the CentG token. Cent Token lost some value during this period due to liquidation processes. We think there will be a price recovery in a short time. We will talk about a few issues regarding the consequences of liquidating CentG.
- There were 30 CentG tokens in Cent's liquidity pools waiting to be distributed as rewards. At the time given for liquidation, the value of the CentG token against Hive was approximately 6 Hive. We will be adding 180 Hive worth of LP rewards to liquidity pools shortly.
- 500000 Cents borrowed from @balina account were sent.
Borrowing process: https://hivehub.dev/tx/7b9d044ec9478593a997ee9d825b82b86fda429f
Refund process: https://hivehub.dev/tx/01ee789b511ec27c9b465b3f97eabe7ffaebadb4 - We set a period of one month for liquidation. However, many users could not participate in the liquidation processes during the process. Considering the user's benefit, we took a screenshot from the CentG rich list at liquidation time. We have set a liquidation process for users who have 1 or more CentG tokens at the time of the screenshot. Users in the list below will receive an amount of Cent tokens staked by sending the CentG amount in question to the @centtoken account. The tokens in question
If sent between May 8-15, they will receive 1 CentG = 3000 Cents.
If sent between 16-22 May, they will receive 1 CentG = 2000 Cents.
If sent between 23-29 May, they will receive 1 Centg = 1000 Cents.
Note: This process is not a liquidation process. We completed the liquidation process between 8 April 2024 and 8 May 2024 00.01 UTC. For this, we set up reminders for a month as linked below. Only if the users on the list send the specified amount of CentG tokens, the above mentioned amount of Cent tokens will be sent. We will not consider tokens sent after May 29th. Again, when taking screenshots, we will not take into account tokens sent that exceed the amount of CentG in user accounts or liquidity pools.
Links to the content where liquidation processes are announced:
@anadolu/about-centg-token-liquidation
@centtoken/cent-power-up-day-event
@anadolu/cent-bee-liquidity-pool-active
@centtoken/less-than-24-hours-left
Users who had 1 or more CentG tokens when the screenshot was taken. And the amount of CentG they have:
@holovision.cash
127.6405
@blicklicht
42.4753
@megalithic
35.4759
@imagenius.fund
27.2643
@szati
24.3410
@eirik
24.1247
@nectar-queen
21.5157
@roger.remix
19.4925
@imagenius.dac
18.0368
@null
14.2938
@blue.rabbit
14.2766
@failingforwards
14.2415
@jarvie
14.1015
@tidepodoreos
13.7056
@bobthebuilder2
13.2798
@zoe24
10.8388
@god0
10.3474
@entrepidus
10.3043
@netvalar
9.3256
@spiritverve
9.2623
@torran
8.8606
@marketroll
8.3349
@marshmellowman
8.2065
@kingneptune
7.9835
@matheusggr
6.2861
@azj26
4.0669
@wine-peg
3.8075
@phusionphil
3.8072
@chorock
3.5403
@captain.future
3.3159
@wine-cellar
3.3055
@trentonlundy1
2.4310
@sinistry
1.7681
@haveyaheard
1.6510
@ikau
1.5767
@themcgwire
1.4517
@gondek
1.3832
@driptorchpress
1.2565
@senorcoconut
1.1215
@no-advice
1.0303
@new.things
1.0260
@burn-token
1.0000
- There is some liquidity in the Cent/Centg and Hive/CentG liquidity pool. Swap transactions carried out in these pools still affect the Cent price. In order to preserve Cent's price balance as much as possible, It has not yet burned the Cent and CentG tokens in his @centtoken account. We will burn the remaining Cent and CentG tokens when the liquidity in those pools becomes negligible.
The announcement of our 'Cent Power UP Day' event, which will be held on May 10, will be published today or tomorrow. 'Hive-Engine Operations' continues where it left off. We have updated the relevant announcement text. You can access it here. See you later.