Making the project better
(Edited)
During the last weeks, I have tried to improve the CTPSB project on different levels. The idea is not to change the whole concept but to make small things better for all the people involved.
In the video I present the changes that I have implemented so far and I would be very grateful for your feed-back!
Learn more about the CTP Swarm Booster:
▶️ 3Speak
0
0
0.000
Having a lower spread between buying and sell orders should help newbies to easier come and "test the water" with the CTPSB tokens without fear that they will not be able to sell their tokens with minimum losses (or no losses at all)...
Also, it's great that you have added more decimals to the CTPSB tokens! I can now freely distribute them to my WORKERBEE pool delegators as a bonus more often!
Thanks for running this awesome project!
The added decimals are indeed great because it allows also to distribute the tokens more evenly in diesel pools. Thanks for the feed-back and the support!
Lowering the spread is a good first step. Is the market price you use for the CTPSB token based on the HE market or by the HP backed under it?
Posted Using LeoFinance Beta
The token value is defined by the HP of the underlying account divided by the number of CTPSB tokens in circulation. The market maker then sets the orders around this value. It's normally updated once a day.
In this context, powering down 100 HP per week (when necessary) to buy and burn CTPSB tokens will be beneficial for the token holders. You already said CTPSB makes more than 100 HP per week, which makes it even better.
By reducing the supply in this way, this will actually have a positive effect on APR for token holders. I prefer to have the HP of course but when there is no more liquidity it's the best solution I believe.
I agree, it's a good move.