TRADE Token General Evaluation and 2025 Expectations
Hello again. We announced the Hive-Engine Investments Study in May 2023. We enabled other users to participate in the investments and trading studies we made in Hive-Engine. We distributed the returns we obtained as LP rewards in the HBD/Cent liquidity pool for a while. These transactions continued for a year. However, although the return on the portfolio we managed was proportionally high, it was quite low in value. In order to increase the managed portfolio and make the study more effective, we announced the TRADE token in September 2024. And we combined the study with this token.
5,000 of the maximum token supply of 21,000 are in circulation. 2,770 Trade tokens were sold. 730 tokens were added to the Hive/Trade liquidity pool as LP rewards. There are approximately 1,500 tokens in the @centtoken account. The account is an active market maker in the token market. Therefore, the amount of tokens in the portfolio is constantly changing.
A few days after the token announcement, we the Hive/Trade liquidity pool created. We distribute a portion of our income from investment and trading transactions as LP rewards in this pool. There is $2,660 worth of liquidity in the pool. There is $1,030 worth of LP rewards waiting to be distributed to liquidity providers. The liquidity pool has a trading volume of $3,240 last month. The current APR in the pool is 53%.
In order to increase the trading volume in the Hive/Trade market and the liquidity and price range depth of the token, we created the Cent/Trade liquidity pool in November. LP rewards are not and will not be distributed in the pool. Liquidity providers earn income from transaction fees of 0.25%. @centtoken account added $700 worth of liquidity to the liquidity pool. There is $720 worth of liquidity in the Cent/Trade liquidity pool. Since the pool was created on November 26, 2024, $930 worth of trading volume has been realized.
Since the bull season signals started to come in the cryptocurrency market, we have carried out various studies to increase the portfolio used by the @centtoken account in trading. As of the beginning of this month, we started an unstake transaction in the tokens used by the account for voting transactions. We will use the tokens in the token markets where we are market makers. We will add some of the Cent tokens we obtain from unstake transactions to the Cent/Trade liquidity pool. We will distribute some of them as LP rewards in the Hive/Trade liquidity pool.
We have removed the sell orders of 1,500 Trade tokens entered at 2 Hive and higher prices in the Hive/Trade market. @centtoken will add the tokens in question to the Cent/Trade liquidity pool as a liquidity provider. You can buy small amounts of Trade tokens from the Hive/Trade market. The account is a market maker in the market. However, we recommend that you prefer the Hive/Trade and Cent/Trade liquidity pools for large amounts of trading.
Despite the rewards distributed within the scope of Delegation Studies and the LP rewards added to the Hive/Trade liquidity pool, the account's portfolio continues to grow. We believe that the high APR we obtain from investment and trading transactions will quickly increase the total portfolio managed by the account. As the account capital increases, the APR rate offered by the Hive/Trade liquidity pool will continue to increase. Therefore, we predict that the TRADE token will reach very good places in terms of price value, liquidity and trading volume in 2025.
You can access the latest report about the token here. However, we will not publish regular reports unless there is a significant change in the token and work in the future. Instead, we want to spend our time on investment and trading transactions, exchanging ideas about the token and project. We will continue to publish short Tweet-style content about the LP rewards added to the pool, reward distribution and current situations. We will also continue to provide up-to-date data on the tokens we invest and trade through the @centtoken account.
You can follow the current portfolio of the @centtoken account, the tokens it invests in, the current status of the liquidity pools related to the study and Trade token from the addresses below. Please state your opinions and suggestions regarding the Hive-Engine Investments Study and the TRADE token. I will share the current data about the Cent Project and a general 2025 forecast at the beginning of January. Stay tuned for new posts.
https://hive-engine.com/@centtoken/wallet
https://beeswap.dcity.io/pools?search=trade
Posted Using InLeo Alpha
Trade is one of my favorite projects!
Excited for 2025!
I think it's a safe prediction. I'll probably make a post about TRADE token in the next few weeks.
!BBH
Looking forward to that!
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The Dim Reaper?
Credit: reddit
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(2/10)
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