Why buy CTP? Where is this token going? Why am I bullish on CTP.

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(Edited)

Lately CTP, the Hive-Engine token for the Click Track Profit community has started to gain some traction and interest. Let's take a look at why......

This is the roadmap released by the team behind the CTP token. As you can see it is very descriptive and well thought out. When LEO started to gain some traction and the price of LEO started gaining in price, there was a clear roadmap developed and communicated to the community.

Although these improvements are not as far along as the LEO community plans, this is the start and here are the reasons I believe that CTP will be the next successful Hive-Engine Token:

  1. The low amount of overall tokens are currently 2,813,720 tokens at writing and nearly 90% of them are staked. The CTP community decided not to create a billion tokens and manipulate the market to try and make something happen.
    Screen Shot 2021-02-06 at 1.57.11 pm.png
    .

  2. The community is strong and they closely keep an eye on what to reward and what to downvote. This will ensure that the token is not abused or watered down like some other tribes and will continue to increase in value as a result.

  3. Their front end is being completely re-done and lots of new features will be incorporated. There will be monetization of ads which will be used to buy back CTP-tokens and burn them. Reducing the overall token issue and keeping inflation down.

  4. There is also a CTPM token for mining CTP tokens. There are 260,000 CTP miners and only 27% are staked. Currently these are relatively cheap at the moment in my opinion.

Screen Shot 2021-02-06 at 2.19.57 pm.png

I am sure there are going to be many more improvements to this token and I am looking forward to seeing where this community goes.

Thanks for reading.

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6 comments
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Never understood the fascination with Miners. I could earn as much if I power up and curate. However, for passive and stress less earning, I get the use.

Is there something else that buying miners adds to the project that I'm missing?

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From my stand point it is an investment. Like the LEO miners, they will appreciate in value as the main token increases. You are right, curating and powering up will get you more CTP in the long run!

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You didn't state what the current cost of a CTPM token was so I looked and it's 1.25 HIVE which is pretty good. What I don't understand is this part:

The CTP community decided not to create a billion tokens and manipulate the market to try and make something happen.

It looks like on hive-engine.com the max is 3 billion CTP tokens. What is the inflation rate of CTP? I get that tokens can be bought back and burned and that content creation and voting drives the minting of CTP..

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Total tokens created could be 3 billion and if they do create this many, like sports token, it will become valueless and destroy the token in my opinion. I believe inflation is 40% this year and decreases each year, so 5 million total tokens might be a more likely figure.

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I like CTP, and it is on my "short list" of communities I have been keeping my eye on... looks like they have been taking some of the steps that might lead them on the path to become "The Next LeoFinance." And I know Jon & crew are very hard working and motivated.

=^..^=

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