It has been an amazing week for the CTPSB project. We received a lot of new delegations to the project which allowed us to have a total of more than 45'000 Hive Power to upvote your posts.
Thanks to these delegations, the token value that is backed by the hive power of the @ctpsb account has increased to 1.124%. Since the token was emitted on 1st of October 2020, the value of the token has increased by 10.5% which represents an APR of 57.3%.
Why can the CTPSB token generate such an APR?
The CTPSB token is backed by the Hive Power of the @ctpsb account. This account grows thanks to curation and author rewards. There are 10187 Hive Power owned by the account and another 35'000 Hive Power are delegated to it. These delegation actually leverage the return of the account and this allows the token to grow in value at such a rate.
The delegators of the account are paid dividends in CTP tokens and the return for delegation is somewhere around 13% APR.
1448 CTP tokens dividends paid this week
The number of CTP tokens that were paid as dividends increased from 1373 last week to 1448 this week. Since the delegations increased more than the dividends, the return is slightly lower than last week. We are still at 13.2% APR which is quite interesting I believe.
50% of all tokens earned through curation rewards are staked and therefore the dividends will increase over time.
Learn more about the CTP Swarm Booster:
▶️ 3Speak
Already started buying some. Going to have to alternate my purchasing though, between CTPSB, INDEX, CTPM and WEEDM. You guys aren't making my life choices easy with all these great projects. 😅
More and more things coming out every day. It's not easy with all these choices ;-)
This is so great to see the steady growth & progress in the CTPSB...it is awesome earning dividends, but it's also great how we can contribute in various ways to continue the growth. It's truly a win-win situation. :)
It will be interesting to see how the INDEX token plays into it as well. :) As always, I wish you much success in this! Keep up your awesome work! :)🧡
!ENGAGE 15
Posted Using LeoFinance Beta
Thanks a lot for your kind words Jenn. It's an exciting time. It seems Defi or a variation of it has reached our blockchain :-)
It's always a pleasure to see the growth of CTP and Leo and I have delegated some HP to both today and want to be part of these awesome projects :)
Good day to all :)
Thanks a lot for the delegation. It's much appreciated. You will get some dividends in CTP tokens next Sunday ;-)
Great work Achim and really nice to see how this project is taking off like a rocket, keep it up and have an awesome Sunday and new week ahead.
Thanks a lot Erik. It's nice to see how this grows and how more and more people are getting involved. I wish you a nice evening.
45,000 HP that's insane....
Welp, time to go delegate more LOL
Just saw your delegation man. Thank you so much for your amazing support to this project!
So happy I decided to buy some CTPSB and also did a small delegation as well. CTP community is really on fire right now :D
Thanks a lot for believing in this project. Nice to have you on board!
Nice work Achim.
Jon support is awesome for this project.
Yup , I am going to buy some more CTPSB today.
That's what I like to hear. More delegations means more APR ;-)
Thanks for sharing
Thanks for stopping by!
Super awesome how this project grows
Thanks man. It's truely amazing how everybody works together on this!
You make a fantastic job with the CTPSB token Achim, keep up the good work, it's awesome.
Made in Canva
This is Awesome Content, and it has been manually curated with an upvote of 65% from @thisisawesome and it will be included in our Awesome Daily Curation report in category Awesome CTPtalk Curation for more visibility.
The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem by rewarding it".
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Thank you Erik. Thanks a lot for the amazing work you are doing with thisisawesome!
Thank you for all the work YOU do. You are appreciated - just keep crushing it 👍🙂💚
Made in Canva
The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem by rewarding it".
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This is great
I have started looking into this now.
Planing to earn few more tokens and power before deligating it.