Do you have the CTP token on your investment radar?
There are so many tokens on Hive-Engine and it's pretty difficult to filter out the gems. Today I would like to present you my analysis for the ctp token.
Why I believe in the CTP token
The creators of the token
There is one thing that we all should know about hive-engine tokens. These tokens can be issued by the creator in any way that he likes. For me the most important point is to know and trust the people who emit the token. The creators of the CTP token are @jongolson and @blainjones. They are running their own company Affilliatech. In addition to that, the company runs a network of projects and websites that are not directly related to the crypto sphere like clicktrackprofit.com or listnerds.com. They also run the payement processor hivepay and the Index token on the hive blockchain.
Both creators are very prominent on the blockchain. You can watch their weekly shows and read their posts.
Trust is in my opinion paramount for such a token.
The CTP ecosystem
There is a whole ecosystem around the CTP token. There are tools like firepay and hivepay that allow website owners and merchants to use the token for payements. I don't know how many websites accept this token for services or products but I believe it's somewhere above 50 sites.
The CTP Swarm
The ctp swarm is the community behind the ctp token. These are the people who regularly use the ctp tag in their posts and also add their posts to the ctptalk.com condenser. What is noteworthy about this swarm is that it's composed of people who are or want to be online entrepreneurs. They see the blockchain as a place to develop their businesses and are building here. Almost all the users are increasing their stake in hive and ctp tokens. In average the combined Hive Power of the swarm increases by 3000 every week.
The CTP token is distributed mostly among the members of the CTP Swarm. Check out the CTP richlist
The CTPSB project
The ctp swarm booster (CTPSB) is a project that aims to boost the people in the ctp swarm. It is a hive account that is also a tokenized asset. The account and the hive power on it is owned by the holders of the ctpsb token on hive-engine. The token grows in value through curation and author rewards. In addition to that people get paid weekly dividends for delegating hive power to the project. The @ctpsb account is voting with about 290'000 ctp stake which represents more than 10% of the complete supply of the ctp token. Every week a part of the ctp dividends paid by this account are burnt by @jongolson. The dividends are generated through hive-engine curation rewards by the account. The project actualy buys ctp tokens from the market every week to pay these dividends.
Learn more about the ctpsb project
The token economics
There is a total supply of 2,699,164.09 CTP tokens in circulation. About 90% of these tokens are staked. Therefore there are only about 270'000 liquid CTP tokens at the moment. It's a small market and there is more and more demand for the token. From the chart below you see that this translates into an interesting price development.
The CTP token is relatively stable in price and has rather a low volume so far (source: leodex.io)
The plans for the ctp token
A couple of weeks ago, @jongolson brought out the roadmap for next year for the CTP token. There are a lot of interestings things that are planned there. Among them, I would point out that there will be a new front-end for ctptalk.com. This will be a custom built condenser that will allow to add banners to the site. The income from ads will be used to burn ctp tokens. Check out the CTP roadmap for 2021
P.S: This is not financial advice. Please make your own research and invest only what you can afford to lose.
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