There is always a need for "stable" stablecoins... I still don't get how did you configure the CENT token to keep it as close as possible to $0.01... I suppose that the simplest way is to have all tokens backed up with some other currency, and raise the supply when you have different income sources coming in? So, if you have "inflation" on the token, that should be covered in some way...
On the other way, creating pools, staking, tribes can help, if they are configured well...
Wish you luck with the CENT token! Personally, I have added some liquidity in the CENT:LEO pool and we are accumulating CENT tokens on our Liotes curation account... ;)
Just to clarify one important thing as we on @Liotes curate content on CENT and would like to present the tribe to our community...
Cent tribe focuses on general content.
Does this mean that ANY content is welcomed? I mean, not just economy, but also other niches like music, games, etc...? I ask as I remember that someone mentioned that CENT is used for finance stuff...
I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!
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Since it would be very difficult to keep the price constant, we preferred a partially fluctuating method. Adjusting the token supply regularly is one such method. We can also list methods such as liquidity pools, prize pool, staking rewards, etc. In short, directing the supply directly or indirectly is your main solution options. The concept of Vörtex is quite inspiring.
Initially, he focused on the field of economics. However, it was adopted by very few users. Then we generalize.
https://peakd.com/hive-173575/@anadolu/cent-kabilesi-nde-odaklanilan-alan
Congrats on the curation. We're starting cent delegations. There will also be some delegation to @liotes.cent account.
Thanks for the answer! We will see if we can squeeze Centblog in our manual suggestion posts on @Ourpick... ;)
!PIZZA