Weekly dividends paid with 16.7% APR

in The CTP Swarm3 years ago

▶️ Watch on 3Speak


This morning I have paid a record amount of dividends. 1759 CTP tokens were distributed to the delegators of this project. This is the highest amount distributed so far. It represents a return of 16.7% APR for delegators.

Token value is exploding

We have received a lot of delegations lately and this has a direct repercussion on the value of the CTPSB token. Each delegation leverages the hive power of the underlying account. Thanks to these delegations, the APR of the token is now over 68%!

Dividends are growing alongside the delegations

I'm very happy to see that the dividends are growing alongside the delegations. This allows us to reward the delegators with a stable return on their delegations. We manage to grow the dividends by reinvesting 50% of the tokens into our stakes.

Voting power had to be reduced a bit

Since there are much more people voting in CTP, we had to reduce the voting power of our upvotes because the voting mana was draining itself. With a bigger account size, the upvote value will remain more or less the same for the upvotes in spite of a lower voting power.

By reducing the voting power a little bit, we can now upvote more posts without draining the voting power of the account.


Learn more about the CTP Swarm Booster:


▶️ 3Speak

Sort:  

Great update😀

Thanks Elizabeta! Wish you a very nice Sunday!

Thanks you too

I am happy to see the APR still growing.
The CTPSB is countering the negative movement that has been going on in hive.
And if Hive turns around and goes in a positive direction those that have invested in CTPSB will be seeing an even greater value growth on their investment.

I think it is smart to lower the voting % as the account grows that way you can maintain a good voting ratio without draining the voting power.

Imagine if hive get's to 1$. CTPSB token will be worth tons of money ;-).

I think it is smart to lower the voting % as the account grows that way you can maintain a good voting ratio without draining the voting power.

I agree with you. I have to find a balance where the upvotes are as big as possible but where it allows the voting power to regenerate

Let's go....Always good to see these posts, so I can dollar cost average into CTPSB ;)

so I can dollar cost average into CTPSB

I believe it's a good strategy. Since CTPSB is directly linked to the price of Hive, imagine what these tokens would be worth when Hive gets more expensive...

glad i see so much progress going on!

Posted Using LeoFinance Beta

Thanks for stopping by. It's quite nice how this project evolves :-)

Awesome work..
Decreasing the VP us good move to support more people...

Thanks for your feed-back. I believe that with the increased voting power, people won't see much of a difference. Like that however we can support more posts.

Congratulations @ctpsb! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You made more than 400 comments. Your next target is to reach 500 comments.

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

Do not miss the last post from @hivebuzz:

Feedback from the January 1st Hive Power Up Day
Happy New Year - Project Activity Update

I must say I'm happy with the progress, just hope we can continue on this path and that I can get some cash to buy more CTPSB :D

I believe it's a good idea to purchase some CTPSB tokens ;-)