The second biggest token holder of CTPSB is null
This week an interesting question came up regarding the CTPSB richlist. Somebody asked me why the account @null was in second position of the token richlist. In the video, I'm explaining why this is the case.
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Interesting stuff 😀
!LOLZ
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@ctpsb! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ dailyspam. (1/10)
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@ctpsb, I sent you an $LOLZ on behalf of dailyspam
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Happy you found it interesting :-)
Thanks for the update. It is good to see the projet keep growing. I try to enter the top 10 of CTPSB holders.
That's a nice objective :-)
We are starting to build the pot for the next challenge. So far there are 0.06 CTPSB in the pot.
Interesting... I didn't know about the CTPSB burning... so that's the additional reason for a higher APR!
Thanks for sharing!
It's a small mechansime but over time it impacts the APR in a positive way.
this is always great positive signal for a token!
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@ctpsb! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ libertycrypto27. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
It show that supply is under control and real value is backing the token I believe.
That is good to know. It maintains value for the token and at the same time, it lets people in and out. I am wondering if a diesel pool could kind of replace that function or would you still need to powerdown if that were the case?
The diesel pool could be a solution but I believe it would be much more difficult to actually track the token value and we would probably have to power down all the same if there is a lot of sell pressure.
we need to hack and rob that Null... j/k
there are many cases the token burning does not work, however I am glad this one works well
Burning isn't always the answer but with our configuration every burnt token actually increases the value of all the remaining ones.
Interesting. !BBH
@ctpsb! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @fiberfrau. (2/5)
Thanks!
Thanks for the explanation.
To simplify, I think @null should be excluded from the richlist as the tokens are burned and cannot be recovered.
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@ctpsb! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ imfarhad. (1/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
That's true and it gives often a false token distribution, since there can be more than 100% of tokens in circulation if null is not excluded.