Current Status of the TRADE Token Work

Hello again. In May 2023, we announced a project called "Hive-Engine Investment Operations". Our goal with this project was to provide governance financing for Cent. Through this project, we created new liquidity pools. We continued to distribute rewards within these liquidity pools, etc. While the project was ongoing, we distributed the project rewards as LP rewards in the HBD/Cent liquidity pool. Later, we professionalized this project and transformed it into the Trade Token Project.
More than a year has passed since we announced the Trade Token Project. We continue to distribute the project rewards as LP rewards in the Hive/Trade liquidity pool. The current annual yield rate in the liquidity pool is 62.5%. There are 21,000 (Max supply) TRADE tokens in circulation. Approximately 1,700 of these tokens are awaiting distribution as LP rewards in the liquidity pools. Approximately 2,600 TRADE tokens have been added as liquidity to the Hive/Trade and Cent/Trade liquidity pools. The @centtoken account currently holds approximately 2,000 tokens. The remaining tokens are held in liquid form in other users' wallets.

We continue to transfer approximately 50% of the revenue generated from this work to the Hive/Trade liquidity pool as LP rewards. Recently, we have primarily traded Hive, HBD, Bee, and BEED tokens. We also continuously conduct market maker operations in the markets and liquidity pools for Cent, Leo, Pob, Unicoin, Atx, and Lbi tokens. Therefore, the aforementioned tokens are added to the pool as LP rewards. We will expand the range of tokens traded in the coming period. However, we will continue to prioritize stable cryptocurrencies and the tokens we collaborate with.

A price target of 1 HBD for the token is quite reasonable at the moment. During periods when the token price falls below 1 HBD, we will allocate a portion of our revenue to buybacks. We will only place market maker orders in the token market. However, we will not make any price-altering interventions in the token market or liquidity pools. If the success of the study increases in the coming period, we may set a new target price.

Feel free to ask any questions you may have. For more up-to-date data on the study, follow the weekly reports shared by @centtoken. See you soon.

Published using INLEO