Hive-engine's $CENT is back at ~$0.01: A Stablecoin on Hive layer 2

Hive and Hive-engine tokens are bubbling amid the crash in prices that is rocking the entire crypto markets. This, has nothing to do with the prices, but the fact that utility is growing with Hive and Hive-engine tokens in addition to the development that is helping to converge the entire cryptoverse and its users to Hive.

May be you missed the news that one of Hive-engine's tokens has been designed to serve a stablecoin. This is an amazing development for everyone who understands the peace that is experienced with investing in a stablecoin on a safe blockchain. You are saved from the stress of projecting your possible gains/losses when the prices begin to fluctuate.

However, the dip in the crypto market had hit the CENT token too which dwindled down to $0.006 against the $0.01 value it was designed to be pegged. CENT is only $20k in market capitalization, but is also gathering a great buzz among emerging hive-engine tokens with huge curation returns around 100% APY.

For me, the CENT token provides an opportunity for low budget investors to get rich on Hive's second layer. With an average exchange of 55 CENTs per HIVE, one can gather as much as @onealfa's style of 55,555 for just a Thousand Hive. Such can be powered up to support content creators in the CENT community for 110 HIVE monthly returns.

Varying the inflation of CENT in line with price to peg the token's price at 1 Cent is hopeful to reduce the risk on investing in CENT for a long term. Having the price back at ~$1 is a great relieve after giving new investors the buy-in opportunity at $0.006.

CENT is presently pooled against HIVE, HBD, LEO, CENTG and POB on Tribaldex Dieselpools with over 140% LP APY. With just 2.1 million tokens in supply and 9.6 million burned, the CENT token has a huge prospect of healthy price.

I won't be surprised to see pCENT listed on PolyCUB in the near term with a lead as daring as @Anadolu. He works to hard to create deep liquidity for CENT paired with several Hive based tokens.

This is not an investment advice, rather a muse from my personal investment journey on Hive and with Hive-engine tokens. I talk about my favourite assets while also cashing out with them with my investments.

More about CENT

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. Read more