$CENT on Hive-engine - A perfect Option for Low income 2nd Layer Curation

$CENT is a hive-engine token that powers the Centblog Tribe on Hive blockchain. Investors purchase and stake $CENT and they distribute fractions to content creators that use the #cent tag on their social blog or post through the Centblog website.

Some days ago, I shared thoughts on Stablecoins on Hive among which I mentioned CENT on Hive-engine. I call it a a non-collateralized (Algorithmic) Stablecoins since its supply is altered per time to maintain a pegged price of $0.01

Interesting that we have this second layer token on Hive pegged to a tenth of a dollar (1 Cent) and over the first three months of the token's existence on Hive-engine, the value of 1 Cent has been approximately maintained. According to @anadolu, this is possible by the timely adjustment of the token supply to cater for the buy/cell pressure per time.

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

It's interesting to see that starting second layer curation with CENT is a great start and with over 120% APY which means that 10 percent of the investment can be harvested on monthly basis.

It's crucial that new and low budget investors on Hive look and embrace CENT for a start. Pegged at 1 Cent, it's easier to compute returns on daily, weekly and monthly basis.I will always advice any low budget investor to get acquainted with the curation business on Hive with second layer tokens that are cheaper. It could also form a great trend to a massive wealth if the right token is chosen and at the right time.

Good that the centblog.org interface Rewards General Hive content, it would be a great option to start a curation investment here on Hive.

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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 program 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 crypto while learning.

I am your favourite Hive Tribes Promoter and Curapreneur! I am @Uyobong. Let's connect on Twitter