How the CTP Swarm Booster supports the community

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The idea behind the CTP Swarm Booster was to have a big account that would support the CTP community to grow faster. We came up with this project and I would like to see the influence that it has on the community.

On the 1st of October the token was emitted. In 19 days, the underlying account grew from 7076 to 7881 Hive Power (delegations excluded). This is an increase of 804 HP. If we look more in details, of these 804 HP increase, 588 HP were due to new tokens that were emitted. There were 28 Hive Power generated as author rewards and 188 HP as curation rewards.

This means that the account grew organically by 188 HP in 19 days. This is around 10 Hive Power per day.

We know that on the Hive Blockchain there is a ratio of about 50% curation rewards and 50% author rewards for a post. Of course there are a lot of things to factor in but it's safe to say that we are not too far from this relationship. This means that the account grows by around 10 Hive per day but it also means that the tribe earns about 10 Hive per day just from the upvotes of the @ctpsb account. Thanks to the @ctpsb account the CTP Swarm has grown by around 190 Hive Power since the token was emitted. This is not even counting the upvotes from Hive Engine tokens.

Still APR above 55%

When we look at the development of the value of the token. It is now worth 1.048 Hive. Since the beginning of October this is an increase of 3.04% which represents an APR of 58.5%. We are still on track.

I need your feed-back

Some people told me that the spread built by the market maker, between the buying and the selling price of the token, which is around 4%, is discouraging people from buying more tokens. If this is true, I believe it would be a good idea to reduce this spread. The spread is there to finance the growth of the market maker. If however people don't buy tokens because the spread is too big, then the market maker doesn't earn anything at all. What do you think?


Learn more about the CTP Swarm Booster:


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19 comments
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First of all, great to hear how well this project is doing! It's always encouraging to see it grow.... :)

I am not great at figuring out the real technical statistics of all of this, but I do agree it wouldn't be wise to lower the spread too much. But one thing you could do is try just a slight reduction & test it out for a short time to see if it helps at all. If not, you can always put it back to how it is now. I am not sure if that would be feasible for you or not but that's something you could try....

I will be buying tokens regardless little by little so it isn't detering me. I already bought a few and will be soon again...just got to reprioritize my token goals lol ...

I hope this helps in some way. I am sure others will have better answers 😄💚

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Thanks a lot for your feed-back and your help. Reading your and the feed-back of others, I believe that I will keep the spread identical. I think that @ph1102 is right that it should include a feeling of commitment for the people who invest in this.

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Great decision! I agree - lowering it just to cater to the few never really works in the long run. It was nice of you to consider that, being mindful of others, but commitment is where it's at. It's the core of this project & with that, it will grow in the way it should.

You're very welcome. It's an honor to help! We are truly a family here :) 💚

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(Edited)

It's great to see that CTPSB brings results to the community and 190HP is added to the creators in the CTP Swarm! That's awesome, and it will be more as time passes by...

Regarding the spread between buying and sell, I thought that you want to make it even bigger... And I would totally support that idea... Lowering the spread will maybe make more transactions IN and OUT, as it would LOWER the risk of the investment (but I don't see risk at all)...

On the other side, keeping spread as it is (or making bigger) will make a kind of "commitment feeling" and people would look at this project as a long-term investment opportunity, which is in the nutshell...

So, if you ask me, I would keep the spread as it is...

Thanks for doing this for the community! It means a lot to a lot of people...



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Regarding the spread between buying and sell, I thought that you want to make it even bigger... And I would totally support that idea... Lowering the spread will maybe make more transactions IN and OUT, as it would LOWER the risk of the investment (but I don't see risk at all)...

Thanks a lot for your feed-back. I think that you are right. I will keep the spread identical. After all, the objective is not to make a huge volume in buys and sells but rather have people to invest in the long term.

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The volume could attract some eyeball to the token, but still, the long-term view should be the priority...

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Thanks for the update on the CTP Swarm Booster Project. It is really growing well. I don't know enough about how it works to answer your question. I plan on buying some tokens soon though.

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Great to hear that the project is growing and going strong.
As for the spread I think it is ok as it is, but you might have to have a backup plan if you see a lot of buying and selling inside the spread.
If you see huge volumes being offered inside the spread you might have to tighten it temporarily, but this has to be planned and thought trough properly ofcourse.
I don't know the consequences of doing something like that and if you'll see negative consequences of it then it might be better to not do it.

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Thanks a lot for your comment. In a way I believe that trades within the spread are not negative. It's the free market after all. What is most important for me is that the MM grows his liquidity and always manages to replicate the value of the token. I will let the spread as it is for the moment.

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I do not think anyone is selling ctpsb token. So spread of 4% does not matter.

So question is that if 2% above premium should be reduced?
If our APR is 55% or (>4.5% monthly) ,I think taking 2% premium is ok.

Posted Using LeoFinance Beta

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Thanks a lot for your feed-back. It's true that at the moment there are very few tokens sold. I believe you are right that we should keep this spread for the time beeing. Since the objective is to have people who want to invest in the long term, it's also better to have a bigger spread. There is more commitment like that.

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Great video bro @ctpsb i understood very little of what you said, not your fault just lack of understanding on my part so i will pass of to others about the spread and stuff LOL

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(Edited)

Thanks a lot for your comment. No problem about that. It's not the easiest project to understand... lol

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Latest CTPSB news (20.10.2020 15h00 CET)
@rcaine delegated 300 Hive Power to the project and he also bought 300 CTPSB tokens.

The account has now 8'225 HP and a total upvote power of 24'654 HP!!!

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Congratulations @ctpsb! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 800 upvotes. Your next target is to reach 900 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @hivebuzz:

October 2020 is the World Mental Heath Month
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delegate 690 HP

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Thanks a lot for this delegation! It will help develop the project even faster and your ctpsb tokens will grow in value.

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