CENT Token gives about 240% APY in Curation Rewards? Could be worth $0.05 soon!

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Few weeks ago, I discovered a new tribe on Hive known as Cent accessible at centblog.org. The hive-engine outpost rewards posts created via its website or when a hive user uses the #cent tag in a post. The Cent tribe rewards general contents with CENT token tradeable on hive-engine or tribaldex. Of all the hive-engine tribes, Cent remains one unique community which intends to peg its token value at ONE CENT ($0.01) as it name connotes.

CENT Token is a token that aims to reach a price value of $0.01. Cent Token's price is different from stable cryptocurrencies. The token has a volatile price trend around the target price. It aims to provide ease of transaction to its users by offering high liquidity and high volume.- source

This led to my views shared days ago about the token as a supposed stable token. If you are updated with the recent buzz around HBD and how to make it stronger at $1 value, you would understand more the value that a stable token can bring to a blockchain like Hive at the main and second layer.

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Since I had included CENT in my hive-engine tokens curation portfolio and I started building up my CENT Power. I presently sit on 6,000 CENT Power after powering up 1,500 CENT hours ago. That amount of CENT power affords me a vote value of 8.4 CENT in full upvote. That would mean 84 CENTs for 10x trigger and a daily curation reward of 42 CENT. Multiplied over 365 days would amount to over 15,000 CENT assuming the inflation remains the same over year. That would result to a curation APY of about 240%.

It is amazing to see how profitable the token is performing in terms of curation returns. It's still new and from the market trends, CENT would end up well over 1 Cent. We could even have a balance around 5 Cent which would mean a 5x profit for early token holders. I can say that tokens like this are good for new ad low income investors in hive-engine tokens since they are cheap and the returns is cool.

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Going deeper, the Cent Tribe is further building value for the token. Already there are Four dieselpools for CENT token as follows:

DieselpoolLiquidityLiq. worthAverage APYRewards end in:
SWAP.HIVE:CENT1,198 SWAP.HIVE$2,025123.976%266 days
CENT:POB1,280 SWAP.HIVE$2,16364.484%266 days
CENT:LEO855 SWAP.HIVE$1,44588.229%266 days
SWAP.HBD:CENT620 SWAP.HIVE$1,048117.849%266 days

All four pools are giving at least 64% APY to liquidity providers and the rewards are running over the next 266 days. The token is still very new and the possibilities of its growth is still very huge. Let's see what turns out in the next few weeks as we break into 2022.

Thanks to @anadolu and his team for the creativity. I hope that rewarding users with CENT token can over time become a sustainable additional earnings for hive authors, especially as it supports general contents.

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What is Hive?

Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source

What is Hive-Engine?

Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.

About me...

I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree programm due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypoto while learning.

I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
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2 comments
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Amazing returns and a project that keeps on growing. DeFi on Hive is more profitable with each proven project.

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