Cent Updates; Max 100M Token Supply, Update on Reward Pool

Hello everyone. I shared my 2025 predictions for Cent at the beginning of this year. I mentioned that we are working to bring Cent to more users in 2024. In 2025, I mentioned that we will be working on areas such as burning more tokens, connecting Cent to more projects, etc.

Image source: Gemini AI

• We have laid the groundwork for more Cent burning with the Tribe Token Project. We're creating incentives for more tokens to be staked through the Cent Delegations Study. @centtoken continues to distribute rewards for delegations at a 25% APR. We're also continuing to burn a significant amount of Cent using token burn posts shared by the @centtoken account.

• Cent's reward pool generates 2 new Cent tokens per minute. This amount was previously 4 new tokens per minute. We will reduce the Cent supply in the reward pool and liquidity pools as much as possible. We aim to increase liquidity as much as possible through new collaborations, new Cent-related works, and so on, creating upward price pressure.

• We've reduced Cent's maximum token supply to 100,000,000 tokens. All remaining tokens have been burned. There are approximately 50 million tokens in circulation. The remaining approximately 50 million tokens will continue to be distributed through the reward pool. We will gradually reduce the Cent supply and focus on burning more tokens, aiming for a price target of $0.01 for the Cent price.
  

• We will spend the second half of the year working on further collaboration. Our collaboration with INLEO is ongoing. We have a collaboration with @uni-coin in its infancy. An ATX/CENT liquidity pool was recently created. LP rewards have begun to be distributed through this pool.

We will begin to see the impact of the updates and initiatives mentioned above shortly. Due to the reduction of the maximum token supply and the halving of the number of tokens generated per minute in the reward pool, we will be making several updates in the coming weeks. The higher APR offered by these initiatives and liquidity pools will be gradually offset by the token's new distribution strategy and the reduction of the maximum supply. Therefore, the current Cent Delegation initiative, the Cent Power UP Day event, and Cent's liquidity pools offer extremely attractive opportunities.

I will publish the #cpud announcement today. Since the 10th day of the month falls on a weekend, our event will continue throughout the weekend. Stay tuned for more updates.

Posted Using INLEO