Do you have the CTP token on your investment radar?

in LeoFinancelast month (edited)

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There are so many tokens on Hive-Engine and it's pretty difficult to filter out the gems. Today I would like to present you my analysis for the ctp token.

Why I believe in the CTP token

The creators of the token

There is one thing that we all should know about hive-engine tokens. These tokens can be issued by the creator in any way that he likes. For me the most important point is to know and trust the people who emit the token. The creators of the CTP token are @jongolson and @blainjones. They are running their own company Affilliatech. In addition to that, the company runs a network of projects and websites that are not directly related to the crypto sphere like clicktrackprofit.com or listnerds.com. They also run the payement processor hivepay and the Index token on the hive blockchain.

Both creators are very prominent on the blockchain. You can watch their weekly shows and read their posts.

Trust is in my opinion paramount for such a token.

The CTP ecosystem

There is a whole ecosystem around the CTP token. There are tools like firepay and hivepay that allow website owners and merchants to use the token for payements. I don't know how many websites accept this token for services or products but I believe it's somewhere above 50 sites.

The CTP Swarm

The ctp swarm is the community behind the ctp token. These are the people who regularly use the ctp tag in their posts and also add their posts to the ctptalk.com condenser. What is noteworthy about this swarm is that it's composed of people who are or want to be online entrepreneurs. They see the blockchain as a place to develop their businesses and are building here. Almost all the users are increasing their stake in hive and ctp tokens. In average the combined Hive Power of the swarm increases by 3000 every week.

The CTP token is distributed mostly among the members of the CTP Swarm. Check out the CTP richlist

The CTPSB project

The ctp swarm booster (CTPSB) is a project that aims to boost the people in the ctp swarm. It is a hive account that is also a tokenized asset. The account and the hive power on it is owned by the holders of the ctpsb token on hive-engine. The token grows in value through curation and author rewards. In addition to that people get paid weekly dividends for delegating hive power to the project. The @ctpsb account is voting with about 290'000 ctp stake which represents more than 10% of the complete supply of the ctp token. Every week a part of the ctp dividends paid by this account are burnt by @jongolson. The dividends are generated through hive-engine curation rewards by the account. The project actualy buys ctp tokens from the market every week to pay these dividends.

Learn more about the ctpsb project

The token economics

There is a total supply of 2,699,164.09 CTP tokens in circulation. About 90% of these tokens are staked. Therefore there are only about 270'000 liquid CTP tokens at the moment. It's a small market and there is more and more demand for the token. From the chart below you see that this translates into an interesting price development.

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The CTP token is relatively stable in price and has rather a low volume so far (source: leodex.io)

The plans for the ctp token

A couple of weeks ago, @jongolson brought out the roadmap for next year for the CTP token. There are a lot of interestings things that are planned there. Among them, I would point out that there will be a new front-end for ctptalk.com. This will be a custom built condenser that will allow to add banners to the site. The income from ads will be used to burn ctp tokens. Check out the CTP roadmap for 2021

P.S: This is not financial advice. Please make your own research and invest only what you can afford to lose.


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how do I improve my earnings when using the ctp tag? currently I have only 0,006 CTP :P

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You probably need to stake some of it. Here an upvote that will give you some in 7 days :-)

I know how hive works, been here for 3 and a half years. The new tokens are giving me headaches though :D

If you change the url of the post to: https://ctptalk.com/@achim03/do-you-have-the-ctp-token-on-your-investment-radar, you will see the upvote values in CTP tokens.

hive front ends need to have a toggle to display what coins are you earning otherwise it gets confusing even for "old" users. And thank you for the upvote, you are very kind :)

That would definitely be a nice addon :-). One can easily get lost with all these condensers and front-ends.

You need to have 1000 ENGAGE, in order to use this service.

!ENGAGE 20

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What's a condenser?

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A condenser is a front end that translates the information of the hive blockchain into something readable. Most of tribe tokens like pal, leofinance, ctp, sportstalk, build have their own condenser where only the posts with the relevant tags can be seen. For CTP its ctptalk.com.

Thanks for stopping by!

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Appreciate the highlight of our token man!

Hope more people see the hard work everyone in CTP os putting into this stuff. We have some awesome people here creating and curating everyday!

In a way it's mainly the people and the community that give value to a token. If people can identify with a project, they will be much more loyal and because of that stake and accumulate a token. In this respect CTP is really above the fold. Combined with all that is in the pipeline, I believe the token will see a nice development in the future.

Thanks a lot for your comment!

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I knew there were sites that accepted payments in CTP tokens, but I didn't expect it to be over 50. I am trying to figure out which tokens I want to focus on and CTP is high up on that list. No guarantees but I need to think things through instead of rushing things and spreading my self too thin.

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I think that it's always good to make our own analyses before buying a token. I'm quite heavily involved with CTP since I run the ctpsb project and I like how things are developing.

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I am staking it and earning curation right now and also I post regularly to earn CTP :) Very happy with the community too .

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I believe it's a great moment to start collecting these CTP tokens :-). Thanks a lot for your comment!

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Not yet, @achim03. But thanks for a such nice post about it.

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I believe it could become an interesting token to have :-). Thanks a lot for stopping by!

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one of the tokens that have huge potentials! i have around 2k at the moment, the goal is to increase that number to 5k!

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That's quite a great start. I'm sure you will get to 5k in no time. I also believe in the potential of this token mainly because there is a dynamic community behind it. Thanks for your comment!

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yeah, I am now become a long time investor in CTP.

That's great to hear :-)

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Getting these CTP tokens is harder than I had imagined ;-)
I now have 5,643.633 CTP staked on khazrakh.cpt (really glad I managed to misspell that and only notice it after the account was created, lol) and try to keep some buy positions open all the time. My immediate goal is to get up to 10,000 CPT, then I'll see where I want to go from there.

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khazrakh.cpt

That is so funny. I can relate very well because I actually managed to write a couple of posts and as tag I had put #cpt. Well they didn't earn any ctp tokens lol.

5600 tokens is a great start and you will manage to generate quite some curation rewards already. If you add the ctp tag to your posts, you might also get some nice upvotes from the curators here.

!ENGAGE 20

Haha, I know that feeling. I had a Splinterlands article once that I tagged with splinderlands.
It had votes from aggroed, clove71, monster-curator, and who not... Needless to say, I didn't get a single SPT out of it :D

Ya the curation rewards should start to add up. I'm following your trail for now and vote anything tagged with CTP I vote with khazrakh but I'll start to do manual curation with khazrakh.cpt once I'm at 10,000 CTP.

Sounds like a great plan :-)

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I love the community and CTP token... staking all my earming and looking forward for it..