CTPSB: A new way to get passive income on Hive
I hope I don't annoy you with the @ctpsb project updates. I believe it's important to keep you informed regularly about how it progresses and I also want to take the opportunity to explain some things related to the project.
A modern way to generate passive income
This project is innovative and different from everything out there. With your contributions and delegations, you become a token holder and therefore a part owner of the account @ctpsb and of the Hive Power that it contains.
When this account grows in value, so does every token. This means that when the account generates value, you actually earn money passively just by holding the token.
The income sources
The project has different income sources. When I speak about income sources it's not the contributions and the delegations that you are giving but what the account generates income from outside.
3.3% Staking interest
Whenever you stake Hive, you get an interest on your stake. I've researched this a bit and it seems that this interest lies somewhere around 3.3% APR. For that you don't have to do anything. It applies for all the accounts that stake Hive.
10 – 12% Curation rewards
When this account upvotes your posts, it generates curation rewards that I expect to be between 10 and 12%. This is the main income source of the project.
Author rewards
In the last update I explained that I would post regularly using this account. The author rewards that are paid in staked hive will directly contribute to the growth of the account.
Compound interests
All the income sources that are generated by the account are coming in at a regular basis and the income generated today will influence the capital of tomorrow. Because of that, the project manages to earn compound interests.
Other income sources
I will present more income sources in the future which will add even more income potential.
A great tool to get passive income
At the end of the month of september, for every Hive that you contributed through wallet transfers, beneficiary rewards or indirectly through curation rewards from your delegations, you will get a token of the account. These tokens can then be traded on Hive-engine.
Imagine how easy it will be to earn passive income with this token. You buy the token, keep it a couple of months and then sell it for a higher price. A very easy way to make passive income and one that doesn't involve powering up your Hive!
The Tabs (03.09.20 – 14h20 CET)
These tabs take into account the wallet transfers, the beneficiary rewards and the indirect income from delegations (starting 8 days after the delegation was made). This is the amount of tokens that you would get at the moment:
| User | Tokens |
|---|---|
| @russellstockley | 100 |
| @elianaicgomes | 50 |
| @iamraincrystal | 30.226 |
| @achim03 | 250.455 |
| @jacoalberts | 2 |
| @hirohurl | 30 |
| @ph1102 | 111 |
| @theroad2freedom | 130 |
| @jongolson | 0.411 |
| Total | 704.092 |
If you have delegated to the project and your name is not on the list yet, it is because your delegation was made less than 8 days ago and therefore it couldn't generate any curation rewards that would be added to your tab. You will probably see your name here in the next updates.
First target
Let's not forget our first target which is to reach 1000 HP in Hive (delegations not included). If we reach this target this will unlock a goody that will profit all the people in this project.
Target: 1000 HP -> Reached 70.4%
Learn more about the CTP Swarm Booster:
- The concept of the project
- How to support the project with delegations
- How to set a beneficiary to your posts
▶️ 3Speak
