Thanks a lot for stopping by. The token will be created in the coming days. The concept is slightly complicated but in a nutshell it is a hive account as tokenized asset. The idea is to have an account that supports the CTP community that belongs to the community. During the month of september people can contribute with liquid Hive, beneficiary rewards and even delegations.
At the end of the month of september every users gets one token for every hive contributed. From then on the token can be traded on hive-engine. There will always be a theoretical token value that corresponds to the Hive Power of the account divided by the number of tokens in circulation.
Hope it makes sense. Don't hesitat to ask if there are things that are not clear :-)
There will be a market maker that creates every week buy and sell orders around the token value. If the market maker runs out of tokens, the @ctpsb account can emit new tokens and sell them to the market maker at the token value of the moment. Like that there is no dilution effect for the existing token holders and the project can continue to grow.
Thanks a lot for stopping by. The token will be created in the coming days. The concept is slightly complicated but in a nutshell it is a hive account as tokenized asset. The idea is to have an account that supports the CTP community that belongs to the community. During the month of september people can contribute with liquid Hive, beneficiary rewards and even delegations.
At the end of the month of september every users gets one token for every hive contributed. From then on the token can be traded on hive-engine. There will always be a theoretical token value that corresponds to the Hive Power of the account divided by the number of tokens in circulation.
Hope it makes sense. Don't hesitat to ask if there are things that are not clear :-)
So no additional tokens will be created after the first batch. Or will you always be able to buy them?
There will be a market maker that creates every week buy and sell orders around the token value. If the market maker runs out of tokens, the @ctpsb account can emit new tokens and sell them to the market maker at the token value of the moment. Like that there is no dilution effect for the existing token holders and the project can continue to grow.
Awesome. Also see you are in Switzerland. One of my favorite places in the world. I need to visit again sometime. It’s been almost 12 years.