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CTPSB: The perfect Hive piggy bank

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After the last post, I saw several people that seriously considered adding the CTPSB token to their goals on hive. The token is by far not new but it's characteristics probably fly somewhat under the radar.

Why CTPSB is the perfect piggy bank for you

Every CTPSB token is backed by hive power on the @ctpsb account. Each token gives you kind of ownership of a part of this hive power. Therefore with every CTPSB token you profit from the evolution of this account.

Each time when the @ctpsb accounts generates curation or author rewards, the hive power on the account grows and so does the value of every CTPSB token. The token grows organically in value and since there are a lot of delegations to the account, your token value will grow much faster than if you had a simple hive account. The APR of the token is currently around 69.2% APR. Compared to the 9.6% that you can get from curating yourself, it's quite impressive.

So when you have a bit Hive lying around, you buy CTPSB and let it's value increase. If you need your hive, you simply sell CTPSB. In the meantime your money is working!

We are working to improve it's quality as a piggy bank

We are in the process to reduce the price difference between buy and sell orders on the market reducing it from 4% to 1%. This means that you will need to keep the CTPSB 4 times less long to be able to start profiting. At current rate, after 5 days you will start to earn with CTPSB if you buy at sell price and sell at buy price. Compared to holding Hive and staking it which is 13 weeks, this is much better.

We also will try to increase the liquidity of the market by adding more funds to the market maker so that we can handle more volume.

A great side effect – CTPSB is supporting the ctp community

So you have this token that you can buy to simply let your money increase in value but at the same the hive that is underlying the account is actually working to upvote the people on the CTP community. To qualify to be supported by the @ctpsb account you need to be in the top 60 of the richlist of CTP tokens and create content regularly with the CTP tag.

At the moment the vote value of the @ctpsb account is 3.2$. So every day we distribute close to 32$ dollars worth of upvotes on posts of the community members!

The numbers of this week

This week we have distributed a record amount of dividends with 2850 CTP tokens to the people delegating hive power to the project. Delegators get paid dividends in the form of CTP tokens every week. We try to keep the return for delegators close the average curation return on hive power. This week it was a bit below with 8% APR. The weeks before it was close to 10%.

To take part in the CTPSB project, you can delegate Hive Power and get weekly dividend or you can buy CTPSB tokens on hive-engine and profit from the value increase of the token.

Learn more about the CTP Swarm Booster: