Hello everyone. On January 21, 2025, I made an announcement about the 'Bee/BEED Token Study'. Our goal in conducting this study was to increase the usability of Cent. Over the past year, the study has contributed to improving Cent's liquidity and increasing its trading volume. The sudden price drop in cryptocurrencies in October gave us the idea to expand this study further.
image source: Gemini AI
As mentioned here, we decided to combine our work on this topic and manage it more actively. In October, we included HBD in the BEED Study. In December, we created the Cent/USDT liquidity pool and started distributing LP rewards. We will continue the study with Swap.HBD, Swap.USDT, BEED, and BEE tokens. Within the scope of the study, we will actively manage the Cent/Bee, Cent/BEED, Cent/Swap.USDT, and Swap.HBD/Cent liquidity pools.
We have started adding liquidity to the BEED, HBD, and USDT liquidity pools using the @centtoken account. We are actively using a market maker bot in the BEE market. We are conducting market maker transactions in the HBD, BEED, and USDT markets. The BEE and HBD liquidity pools are growing in terms of liquidity and trading volume among Cent's liquidity pools. In the coming period, we will change our strategy in the study when a trend forms in the Hive or Cent price, contributing to our project goals. For example, let's assume the Cent price is below the target price; if the token price enters an upward trend, we will support the trend by removing some of the liquidity from the stablecoin liquidity pools. If the price enters a downward trend, we will add more liquidity to the BEED, HBD, and USDT liquidity pools. In this way, the price decline will be slowed down or prevented.
This study does not end the BEE/BEED study. On the contrary, we will start managing it more actively. However, from now on, we will announce the work reports under the name "Stable Coin Study". The @centtoken account has 1,300 staked BEE tokens. It has also received 14,500 BEE delegations. We will add an image below regarding the current status of the Cent/BEE and Cent/BEED liquidity pools.
You can review the current status of the liquidity pools we support within the scope of the study above. We will also publish the current status of the study weekly. As a result, the @centtoken account will accumulate more stablecoins. Therefore, in the Trade Token project, we will distribute more stablecoin rewards. We will provide more support to the liquidity pools included in the project compared to other liquidity pools. In the coming period, we aim for our USDT, HBD, and BEED liquidity pools to be the pools with the most liquidity. Feel free to ask any questions you have about the study. If you have different ideas about the study, please share them. See you again. Stay tuned.
Note: The @centtoken account does not earn LP rewards from the liquidity pools within the Cent Project.
Note 2: You can follow the latest data on the Stablecoin Study from the weekly report shared by the @centtoken account.
Interesting stuff!
Is the market maker open source or available somehow to verify? 😄
!BBH !DUO !PIMP
Thanks. The market maker bot from https://dswap.trade/ is being used. However, it's a bit costly. For example, staking approximately 1,200 BEE is required to create a bot in a market.
You should take a look at https://hive.trading/ :)
That does sound kinda expensive. Would be cool to have a self hosted one. Been thinking about looking into this myself actually
!BBH
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Thank you very much for the update, my friend, I greatly appreciate it! 😁🙏💚✨🤙