Cent Tokenomics (October 2024)

Hello dear Cent Community. We had a very positive last month in terms of Cent price. The Cent price, which was 0.0029 Hive at the beginning of last month, is now 0.0041 Hive. The staked Cent rate has decreased slightly. This is because we added three million new Cent tokens to Hive and BTC liquidity pools for reward distribution. We also increased the number of tokens generated per minute from four to five last month. During the month, the APR on the reward pool for curators had dropped to 17%. Currently, the current APR on the reward pool is between 19%-21%. We explained the reason for the change in the amount of tokens generated in the reward pool here.

• The reward pool generates 5 new tokens per minute. This means 7.200 tokens are generated per day and 2,628,000 tokens per year. The generated tokens are distributed as 50% curator rewards and 50% writer rewards. If the writer uses a community other than Cent's community page when publishing content, a portion of the writer rewards goes to the @centtoken account. 50% of the distributed rewards are automatically staked. If you initiate a power-down, your tokens will be paid out within 28 days (in 4 installments). If you withdraw a Cent delegation, your voting power will return after 7 days.

• There are 29,750,130 Cents produced in total. 35.72% of these tokens (10,627,075) were burned. There are 19,123,055 tokens in circulation. 46.22% of the tokens in circulation (8,838,553) were staked. 5,959,206 of the tokens in circulation were added to liquidity pools. 2,850,669 tokens were added to liquidity pools to be distributed to liquidity providers. The remaining tokens are liquid in wallets. Or a sell order may have been placed in my Hive/Cent market.

The amount of new Cents staked in the last month is 276,553. The amount of Cents burned in the last month is 12,575. The amount of Cents added to liquidity pools in the last month is 372,123. It has been about two months since we started the delegation work. We currently manage 1,827,168 Cent. In this work, we will encourage more Cent to be staked by offering APR as high as possible from the APR rate in the reward pool. About 12,500 Cent were burned in the last month. This is a very low amount. We need to do a study on this. You can reach the previous report here. Follow @centtoken for new announcements and news.

https://images.ecency.com/p/4i88GgaV8qiFkxbnGCXnHNbt8wcgAMNP6xb3BathLUp7dyDXtepjXNwPtxkJuKrNztsKGvwDuFg7FMVYrjhTCxehzKj2NEeXgXnykujwFZfCMyX5RJ65tWD82a.webp

Posted Using InLeo Alpha