CTPSB helping CTP prices
Last week I have started to implement some changes within the CTPSB project. Before, to pay dividends to the delegators of the project, I was simply buying the cheapest sell orders on the market. Now I'm setting buy orders throughout the whole week at a lower price.
Since there is quite a big spread between buy and sell orders, the project was loosing a lot of money before. With the change, for X hive, we can now buy more CTP tokens.
Supporting the price of CTP
This has also a good effect on the CTP prices. By setting constant buy orders, this builds a kind of buy wall for the CTP token. Through this buy wall, we get a stability for the token. In addition to that, if I need to buy tokens with CTPSB project, I will need to always put the highest buy orders on the market. I belive this might introduce a growing trend for the token.
Bringing value to delegators
The whole purpose of these changes was to give more value to delegators of the project. During the past months the return for delegators has decreased constantly with the lower prices of CTP. Thanks to these changes, I believe that I will be able to change the tendency and hopefully the APR for delegators will go up steadily.
We shouldn't forget however that the dividends is only one of the profits that we get from delegating to @ctpsb. We also support a whole community to grow by giving powerful upvotes and we give value to the CTPSB token
Learn more about the CTP Swarm Booster: