Last week I have started to implement some changes within the CTPSB project. Before, to pay dividends to the delegators of the project, I was simply buying the cheapest sell orders on the market. Now I'm setting buy orders throughout the whole week at a lower price.
Since there is quite a big spread between buy and sell orders, the project was loosing a lot of money before. With the change, for X hive, we can now buy more CTP tokens.
Supporting the price of CTP
This has also a good effect on the CTP prices. By setting constant buy orders, this builds a kind of buy wall for the CTP token. Through this buy wall, we get a stability for the token. In addition to that, if I need to buy tokens with CTPSB project, I will need to always put the highest buy orders on the market. I belive this might introduce a growing trend for the token.
Bringing value to delegators
The whole purpose of these changes was to give more value to delegators of the project. During the past months the return for delegators has decreased constantly with the lower prices of CTP. Thanks to these changes, I believe that I will be able to change the tendency and hopefully the APR for delegators will go up steadily.
We shouldn't forget however that the dividends is only one of the profits that we get from delegating to @ctpsb. We also support a whole community to grow by giving powerful upvotes and we give value to the CTPSB token
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▶️ 3Speak
great to hear about the positive changes.
as always let me know if you need my help with anything.
Without your constant support the project wouldn't be where it is now! I think things are evolving in the good direction :-)
Nice... placing buy orders instead of the last day purchase is good decision...
It's actually a small detail that I should have corrected long time ago. With the spread of CTP that is sometimes very big, it can make a huge difference whehter I buy sell orders or whether I put buy orders.
Thanks for all your work have the best day
Thanks a lot for your support! Nice to see you around :-)
That is a great change. It helps to build a bigger base for the CTP price.
Is the reason why the APR dropped because there was more total HP staked?
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There was a big drop in APR with the last HF and afterwards it was stable around 10.6%. Lately it droped close to 10%. You might be right that it is linked to the bigger amount of staked Hive.
Nice and great news, Achim! You're adding so much value to the delegators. Really appreciate all you're doing for the tribe.
You are welcome and thanks a lot for all the support you give to the project!
It is my pleasure to participate in and support the CTP Swarm! Have a great weekend, Achim! 😀
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