CTPSB: The perfect Hive piggy bank

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The hive piggy bank.jpg

After the last post, I saw several people that seriously considered adding the CTPSB token to their goals on hive. The token is by far not new but it's characteristics probably fly somewhat under the radar.

Why CTPSB is the perfect piggy bank for you

Every CTPSB token is backed by hive power on the @ctpsb account. Each token gives you kind of ownership of a part of this hive power. Therefore with every CTPSB token you profit from the evolution of this account.

Each time when the @ctpsb accounts generates curation or author rewards, the hive power on the account grows and so does the value of every CTPSB token. The token grows organically in value and since there are a lot of delegations to the account, your token value will grow much faster than if you had a simple hive account. The APR of the token is currently around 69.2% APR. Compared to the 9.6% that you can get from curating yourself, it's quite impressive.

So when you have a bit Hive lying around, you buy CTPSB and let it's value increase. If you need your hive, you simply sell CTPSB. In the meantime your money is working!

We are working to improve it's quality as a piggy bank

We are in the process to reduce the price difference between buy and sell orders on the market reducing it from 4% to 1%. This means that you will need to keep the CTPSB 4 times less long to be able to start profiting. At current rate, after 5 days you will start to earn with CTPSB if you buy at sell price and sell at buy price. Compared to holding Hive and staking it which is 13 weeks, this is much better.

We also will try to increase the liquidity of the market by adding more funds to the market maker so that we can handle more volume.

A great side effect – CTPSB is supporting the ctp community

So you have this token that you can buy to simply let your money increase in value but at the same the hive that is underlying the account is actually working to upvote the people on the CTP community. To qualify to be supported by the @ctpsb account you need to be in the top 60 of the richlist of CTP tokens and create content regularly with the CTP tag.

At the moment the vote value of the @ctpsb account is 3.2$. So every day we distribute close to 32$ dollars worth of upvotes on posts of the community members!

The numbers of this week

This week we have distributed a record amount of dividends with 2850 CTP tokens to the people delegating hive power to the project. Delegators get paid dividends in the form of CTP tokens every week. We try to keep the return for delegators close the average curation return on hive power. This week it was a bit below with 8% APR. The weeks before it was close to 10%.

report ctpsb (2).jpg

To take part in the CTPSB project, you can delegate Hive Power and get weekly dividend or you can buy CTPSB tokens on hive-engine and profit from the value increase of the token.


Learn more about the CTP Swarm Booster:



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15 comments
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Definitely a great project to support as they are doing a tremendous job on curation !
Also the CTP community is helpful and has been steadily growing for a while now 🙌

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Thanks a lot for your kind words :-)

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It's nice to see more people show interest in the project. I think liquidity for a lot of tokens are a big issue and its a barrier to entry to some people.

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That's true. I believe that for a successful token that could take such a role as piggy bank, there should be sufficient liquidity so that people can sell at any time if they wish to do so.

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Thanks for the update. The project is growing nicely with a very nice APR. Keep up the great work. I hope that narrowing the buy/sell difference on the market will encourage a greater number of people to participate in the project which in turn will help the whole community grow. Thanks again for the excellent work. Take care.

!PIZZA

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I think that narrowing the difference on the market will certainly take a factor away that prevents people from buying the token. The more people invest in CTPSB, the better for everybody :-)

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CTPSB is one of my favorite income holdings.

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It's great to hear that :-)

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The APR of the token is currently around 69.2% APR. Compared to the 9.6% that you can get from curating yourself, it's quite impressive.

Hmmm, that could help me with my Hive goal. :)

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That might be an idea ;-)

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Is the delegation paid out in CTP tokens, CTPSB or HIVE? Is there anywhere that explains and documents the weekly dividend payouts? Thanks so much.

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The dividends for delegators of Hive Power are paid once a week in the form of CTP tokens. The dividends are usually paid on Sundays and in our weekly posts we normally mention the APR for delegators in the videos. APR at the moment is between 9 and 10% APR for delegators of Hive Power. Feel free to ask if there are other questions regarding it.

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