RE: CTP Chat For Monday May 3rd, 2021

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Question: Trying to improve my understanding of CTP vs CTPM. First what does "Power Up" actually do? Is there a reason why I would not want to "power up" or move every single CTP that I receive to CTPM?



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Great question!

So CTP is the native token for the CTP tribe. It's what you earn while using the CTP tag or by creating directly on CTPtalk.com

CTPM is the 'mining' token. So you stake CTPM and it earns you CTP tokens passively.

Now 'powering up' is staking.

So to earn from curation on CTP, you would stake or power up your CTP.

And to earn CTP from the mining tokens (ctpm) you would power them up or stake them as well.

We're fans of staking a lot ;)

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so since I am just starting out is it best to have most of the tokens in the CTP so I can earn from curation/posting instead of CTPM since they are just passively earning CTP tokens or vis-a-versa or just a flat balance between the two?

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Yeah I mean, I would start out and try to accumulate CTP and then stake it to start. That'll help you earn more from curation.

Once you get a handle of it all, you can take a look at CTPM. That's a great option to add on, but I would recommend getting a feel for CTP first.

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I had the same idea when I first started but here is why you do not want to convert all of your ctp into ctpm. It is true ctpm earns some ctp tokens, but your ctp tokens that are staked gives your votes more power, and allows you to earn more on your engagement. The ctpm tokens do not give you any voting power. That is why we say Power up your ctp, because it gives you more power in the community, in fact this is correct for most community tokens the more you staked or powered up the more power you have in those communities. :-)

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Thanks. I will keep all in CTP and power them up until some time down the road.

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Thank you this was a very helpful post

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