We have reached a milestone today by bringing the amount of burnt CTPSB tokens to 2000. There is a total supply of 11498.465 CTPSB tokens and only 9498.276 are in circulation. This means that over 2000 tokens have been sent to null.
How are tokens burnt?
We have the account ctpsb.pal that owns a certain amount of Hive Power. This Hive Power is delegated out and generates a return. Every week this return is used to purchase CTPSB tokens which are then burnt. It's a small amount but it cumulates over time. By burning these tokens we actually give value to all the remaining tokens in circulation.
The value of CTPSB is determined by the Hive Power on the @ctpsb account divided by the number of CTPSB tokens in circulation. With a same amount of hive power and by reducing the number of tokens in circulation, we increase the value of CTPSB.
The numbers of this week
In the picture you see the number of this week.
The busy ant account is growing
The busy ant account @ctpsb.ctp has increased it's hive power by 5 this week thanks to the beneficiary rewards linked to a previous post. This means that more money will be generated for the holders of CTPSB NFT's. We managed to increase the dividends of collector NFT holders from 0.036 to 0.04 thanks to that.
Learn more about the CTP Swarm Booster:
This is one of the best tokens to maintain liquidity.
!ALIVE
@ctpsb! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ yeckingo1. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
I agree, you just hold it and you wait until it appreciates in value.
thanks for the update.
!ALIVE
!PIZZA
!PGM
@ctpsb! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ imfarhad. (1/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
You are welcome!
It's great to see that the tokens were burnt and that you are increasing the value for the NFT holders.
Burning tokens is actually increasing the value faster than adding the same amount as hive power. Well in the long run, we want more hive power of course but it's a nice way to push up APR.
This is great news! May CTPSB continue to grow in backing and value!
It's nothing spectacular but a slow and steady progress :-)
!PIZZA
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