On July 12, the Creative Coin Fund began paying interest on Creative Coin delegations to the Fund (@cccf), at a base annual rate of 21 percent, as detailed in our announcement post.
This week, four new investors joined the team, and three increased the size of their previous delegation. Our total delegations now stand at 151,215 CCC from 12 delegators.
Here's our current list of delegators and the payout they received this week. Names in bold indicate new investors; names in italics, an increase in delegation.
| Investor | CCC Delegation | Payout |
| @abh12345.ccoin | 85,000 | 343.270 |
| @antisocialist | 840.34678 | 3.394 |
| @bashadow | 2,300 | 9.289 |
| @cliffagreen | 7,202 | 29.085 |
| @dera123 | 2,630.28915 | 10.623 |
| @myothuzar | 5,000 | 20.193 |
| @oadissin | 1,344.99193 | 5.432 |
| @oblivioncubed | 259.4152 | 1.048 |
| @seckorama | 1,100 | 4.443 |
| @worldbuilder | 538.35648 | 2.175 |
| @whatsup | 25,000 | 100.962 |
| @zedcell | 20,000 | 80.770 |
Thank you all! The total staked CCC available for curating is over 295,000.
Market Updates
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.
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. This continues unchanged from last week.
The base buy-in order is a limit order meant to establish the price support for the market. We're raising the base buy-in price by 2 percent each week, on Thursdays.
- Current price: .00555186 Hive
- Order size: 370 Hive for 66,670 CCC.
Our base buy-in order (of varying sizes) has been standing since June, and we're seeing limit orders placed above ours, so it is working to establish support.
New Investments
Both of our market 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. We made these moves in the direction of sustainability this week, among others:
- Staked 200 Hive and increased our delegation to leo.voter to 419 HP
- Invested 100 Hive in Cub Life
- Purchased DHEDGE and began receiving drips
The DHEDGE drips include BRO, which we're stacking, both to receive their daily drips and to support Creative Coin in the BroFi rankings.
In June, we made an initial purchase of BRO, which sparked a CCC move from number 13 to number 11 in the BroFi rankings and tripled the daily BRO payouts to the pool (full story).
As we said last week, we're just getting started. Thank you again to everyone who is supporting the Fund and to everyone who is participating in Creative Coin.
