The Creative Coin Fund, a curation and investment account dedicated to Creative Coin, will now pay interest on Creative Coin delegations to the Fund (@cccf).
Weekly payouts in CCC will begin on July 12, at a base annual rate of 21 percent.
Unlike many curation accounts on Hive, the payouts will not be contingent on the curation rewards earned by @cccf; instead, they will be simple interest payments on CCC delegations.
A Variable Rate
Twenty-one percent is the base, or minimum, interest rate for CCC delegations to the Fund. However, the rate will vary depending on market conditions.
The interest rate will be adjusted monthly. When the monthly average price of Creative Coin declines from one month to the next, the rate will be increased by 2 percent. When the average price is increasing, the rate will either remain at 21 percent, or be lowered by 1 percent until it reaches the base rate again.
The purpose of the variable rate is to provide additional incentive for investment during a falling market and thereby support reversal of the trend, and to compensate delegators to the Fund for the decreasing value of their interest payments.
Curation Philosophy and Strategy
The Creative Coin Fund rewards high-quality creative work with a 100 percent upvote of between 20 and 30 CCC (the value of the upvote is increasing daily as the Fund continues to stake CCC). On a typical curation day, four or five individual artists receive the full upvote.
Creative work that does not quite measure up to the high-quality or exceptional standard will receive a minimum vote of 4 CCC. The Fund casts a large number of 4 CCC votes on a curation day, as a way to encourage use of #creativecoin and maintain the size of the network. This is based on the idea that the value of the token is determined by the number of people using the token.
The Creative Coin Fund also attempts to utilize a network effect by supporting other curation and community accounts (such as Monochromes and the Ink Well) with frequent 100 percent upvotes. This enables them to reward their artists with a larger CCC upvote and broadens distribution of the token beyond what the Fund could accomplish on its own.
To see some of the work curated by the Creative Coin Fund, read the latest issue of its curation weekly, The Five.
Thank You to Our First Delegators
The Creative Coin Fund was established in May of this year. These two benefactors delegated to the project immediately, with no promise of delegation rewards.
Thank you! We look forward to making our first interest payments to you on July 12.
I didn't know I had a way to delegate the ccc token, I just got nestet post and did my delegation.
There were 160 tokens, it's not much, but little by little we got there!
Thank you! Glad that you signed on.
Good. What to delegate? Hive or CCC?
I have the same doubt
@hranhuk: Creative Coin.
@seckorama: Creative Coin.
OK, @cccf, I delegated to you 1000 CCC tokens 😎
Thank you! That's wonderful.
I hope it will be to our mutual benefit. 😎
sadly I heard of this too late but anyway, I am in.
just delegated 37333 creativity tokens - Hive on!!
Spectacular! Thank you.
Sweet, I'm in :)
Spectacular! Thank you.
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 900 upvotes.
Your next target is to reach 300 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
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STOPCheck out the last post from @hivebuzz:
sounds, errr...creative!
If I did it right you should have another 2300 CCC delegated.
You did. Thank you!
It was just sitting there, hope it helps the token out some.
It will. First payout for you will be July 19.
Thanks.
thanks to @cliffagreen I have delegated 1051 ccc token to @cccf account let see what I will get 🤑
thanks have a great day and week 😀🙏
Thank you very much for your support!