Last week, in this post, the Creative Coin Fund announced it would begin paying interest on Creative Coin delegations to the Fund (@cccf), at a base annual rate of 21 percent.
Five investors jumped at the opportunity and delegated 83,370 CCC, bringing our total delegations to 135,584 CCC from eight delegators.
We see this result as a smashing success, considering that the announcement post only received 25 upvotes, and we infer from this that only 25 people read the post.
Obviously, we need to do a better job of getting the word out. But the participation rate affirms something we've seen from the beginning of this journey: there is a real appetite for Creative Coin success. As news spreads and our efforts continue, it is not unreasonable to anticipate a few CCC pumps by year's end.
Here's our current list of delegators and the payout they received this week:
| @whatsup | 25000 CCC | 100.962 |
| @zedcell | 20000 CCC | 80.770 |
| @cliffagreen | 7202 CCC | 29.085 |
| @abh12345.ccoin | 80000 CCC | 323.077 |
| @oadissin | 1329.74163 CCC | 5.371 |
| @antisocialist | 840.34678 CCC | 3.3940 |
| @myothuzar | 100 CCC | 0.4040 |
| @seckorama | 1100.00000 CCC | 4.4430 |
We're thrilled that @oadissin chose to increase his investment with us after receiving the payout.
Current Market Strategies
The purpose of the Creative Coin Fund is to provide the artists of Hive with a substantial CCC upvote, and to make that vote meaningful by supporting the steadily rising price of Creative Coin.
Thanks to our delegators, we already have a substantial upvote to provide. We now have 219,000 staked CCC available to vote with, which puts us in the top 10 Creative Coin accounts.
We're supporting the price of CCC with two mechanisms: the daily market purchase and the base buy-in order.
The daily market purchase is a market order for CCC of 10 to 15 Hive daily. Most of the staked CCC owned by the Fund (84,277) was purchased in this way.
The base buy-in order is a limit order meant to establish the price support for the market. Our current price is .005443 Hive, and the order at time of writing is for 51,000 CCC. We're raising the base buy-in price by 2 percent each week, on Thursdays.
We've made the daily market purchase every day since we were established in May, and the base buy-in order has been standing since June. However, both of these mechanisms are dependent on available funds. Neither are guaranteed to be in place.
At present, our funding comes primarily from @cliffagreen's biweekly fiat contribution. In the long run, the Fund will be self-sustaining. As everyone reading this knows, there are a myriad of ways to generate income on Hive; we're working to establish those revenue streams, and we intend to funnel it all into Creative Coin.
Stay tuned folks. We're just getting started.
I am sure the art will benefit and help get the words out for more delegations.
oy I keep forgetting to use the tag. I suck at tags. Good luck!!!
I've seen a few of your posts that I wish had the tag on it. :)
Nice job! Sounds like it is going well.
Posted Using LeoFinance Beta
Yes!
I increased my investment too. Now,My ccc delegation is 5000 ccc.
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Congratulations @cccf! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 1250 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