Creative Coin Fund Investor Report: Growing Delegations

in #creativecoin3 years ago (edited)

UPDATE
Thursday, August 19

We placed our buy-in limit order for 49,000 CCC at .00612968 today, as stated below. This order has nearly filled.

The buy-in mechanism will be paused until September 9 while we re-fund the account.

More details in our investor report on Monday.


Welcome to the Creative Coin Fund Investor Report.

This week the Fund saw significant growth in two areas: a more than 95,000 increase in staked and delegated CCC and the addition of two more curators.

Delegations grew by 48,615 CCC. Four new investors delegated to @cccf, and four increased the size of their previous delegations. Our total delegations now stand at 334,610 CCC from 25 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.

InvestorCCC DelegationPayout
@abh12345.ccoin92,029.11786371.657
@antisocialist848.071803.425
@barbara-orenya37,000149.424
@bashadow2,3009.289
@bhattg1,0514.245
@city-of-berlin3,007.4112212.146
@cliffagreen7,92432.000
@dera12350,983.73255205.896
@focus.folks1.644260.007
@igormuba2801.131
@kachinhenry20,00080.770
@melinda01010015,00060.577
@myothuzar5,02520.294
@oadissin1,400.493095.656
@oblivioncubed309.391621.250
@paradigmprospect1,013.586544.094
@quinnertronics28.141840.114
@qwerrie37,333150.768
@seckorama1,1004.443
@victorbz1,021.3004.125
@vintherinvest886.715823.581
@whatsup25,000100.962
@worldbuilder1,068.004484.314
@ylich10,00040.385
@zedcell20,00080.770

Thank you all! The total staked CCC available for curating is now 494,792.

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: .00600949 Hive
  • Order size: Order Filled.

This week, the buy-in order filled on Friday (which allowed us to increase the Fund's staked CCC by 43,000). Our policy for when the buy-in order is filled is to wait until our usual time Thursday afternoon to place a new order, but to still increase that new order by 2 percent.

This Thursday's buy-in order will be for 49,000 CCC at .00612968 Hive.

The market is currently trading below our buy-in price; the highest buy order is .005660 Hive, and the lowest sell is .005930. The average price for the month of August so far is .006026, a 3.33 percent increase over July.

Curation Team

This week two curators joined the Creative Coin Fund team: @andrewmusic and @mazquel. We now have a total of five curators, as follows:

@andrewmusic
Music Curator

@cliffagreen
At-Large Curator

@elemarg25
Photography Curator

@jesuspsoto
Spanish Literature Curator

@mazquel
Digital Art Curator

We now feel that we have a full team capable of covering the major areas of publication under #creativecoin. In additon, with five people curating we're able to fully utilize the Creative Coin delegated to us.

We've also started an external curator sponsorship program. External curators are accounts dedicated to Creative Coin curation, but which operate independently. The sponsorship is 50,000 delegated CCC.

So far we have delegated to one external curator: @vagabondspirit, who is dedicated to upholding the original intent of #creativecoin by upvoting original art work only.

If you are interested in becoming an external curator, message us below or on Discord at cliffagreen#1444. Let us know how you filter and evaluate Creative Coin content in your message. We will review your recent activity and curation performance before awarding the sponsorship.

Thank you to everyone who is participating in the Creative Coin Fund and the Creative Coin community.


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If you'd like to support our work with a Creative Coin delegation (and earn an annual return of 21 percent), please review our delegation announcement post. You can also help us support the artists of #creativecoin by following the @cccf curation trail on HiveVote.

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thank you for the mention and good luck

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You distributed more than 1750 upvotes.
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