RE: CTP Chat For.....Cinco De Mayo
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Why burn the CTP tokens that are paid out from the posts? Use that as a distribution mechanism to help spread the tokens out.
We do this with Leomarkettalk and it might excite some in here.
Simple breakdown for top 3 commenters:
1st 50%
2nd 30%
3rd 20%
Just take the weeks total and distribute it that way. Puts a few more tokens in the hands of smaller, but active account (I am excluded from it).
Seems to be a motivator for people and they like getting in the ranking.
I am sure @amr003 would be willing to run a weekly report for the room that you can turn into a post. He likes doing that kind of shit. 😁
Maybe a way to spread the token distribution out a little more and incentivize smaller accounts to gets more CTP simply through engagement.
Could be an angle, the reason we went with token burn is simply supply and demand.
The demand for Leo is much much higher than CTP, so we feel like we need to increase demand by lowering the supply. Distribution to active accounts could be a win too, but biggest issue for CTP is being a 'cool token' again in the eyes of Hive Engine trading.
Sinks seem to attract investors too. But the new front end will do wonders as well.
To implement a buy and burn mecanisme won't make the price shoot to the stars but it will increase the trust of investors in the token and I believe people will stake the token more gladly if they know that there is some constant buy pressure. This psychological effect is very important in my opinion.