CTPSB is showing strong growth(APR 58.5%)

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(Edited)

I guess most of the users in Hive are already aware of CTP (Click Track Profit) tribe which has its own tribe condenser as https://www.ctptalk.com/ and community can be accessed at https://peakd.com/c/hive-119826/created.

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CTP SB is short form of CTP Swarm Booster that is to help the users posting in the CTP community. CTP community is very dedicated towards building their Hive power as it is also evident from their Dolphin Swarm program too. So @ctpsb account is working towards increasing it's Hive Power (+ other tribe token but currently they are not represented by CTPSB token.) On October 1st 2020, CTPSB issued 1 CTPSB token for 1 Hive each and it is expected that with the increase in Hive power of CTPSB account ,these token value will keep increasing on Hive value. You can now clearly see that buy order of this token is now at 1.028 Hive and sell orders are at 1.07 .

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How they increasing the CTPSB token value
CTPSB token engage on curation activities and it's curation rewards are suppose to increase it's Hive power with time giving more value to each token that it is backing.

But how 58.5% APR
You will say curation in Hive is just fetch average of 12 to 15% then how CTPSB got 58.5?
There are following reason for this high APR.
1. Effective HP of this account is currently >24K against 8K of it's own. Account is not paying to delegators now and all delegation are some kind of donation or more precisely a community building initiative.
2. Author HP is also added in rewards of this account.(so it is Author rewards + curation rewards.)
3. Some users set this account as beneficiary for their post so that HP of this account can keep on rising.

It is more of community project but it give real benefits to small investors having very less Hive power as they can see their Hive growing rapidly without powering it up at all and if they are regular in community then they might be added in swarm, enjoying wider reach in Hive, nice engagement and some good upvotes.

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Please feel free to upvote, comment and reblog.

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Your current Rank (25) in the battle Arena of Holybread has granted you an Upvote of 5%

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(Edited)

There are some examples of community-driven whales, and I hope that CTPSB will be one of those soon, but very unique by its setup...

Thanks for supporting it, and thanks for this nice review of the project!



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@thisisawesome Moderator


This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.

The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem and the CTPtalk tribe by rewarding it".


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I will be always proud to have a little stake on this community driven whale.

IMHO, CTP community is taking some solid steps that can help them in sustained and organic growth for future.

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(Edited)

there are so many projects/communities that are being build here on HIVE. And it makes it difficult to carve out the real GEM. Maybe, I'll give the CTPSB token a try as well. thanks for sharing your views on the CTPSB token. cheers

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Sure, It is one of the most friendly community in Hive. You can use CTP tags in your post to publish your post in CTP tribe.

Remember tribe currency is CTP and CTPSB is token that is backing the hive power of @ctpsb account. More this account grow, more is the value of CTPSB token in Hive.

It can be alternative to grow your Hive and taking part in benefits like curation but without actually staking it yourself.

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Thank you so much for promoting this project. With every new investor the Hive Power of the project will grow and with it the support to the community.

You pointed out very correctly why the token grows at a rate of 58%. In the long term this might come down a little bit but it will always remain above the normal curation APR just because of the fact that it will be completed with author and beneficiary rewards.

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In long term when APR start coming down, I hope the account will become an ocra and start getting noticed easily.

Thanks for your stopby.

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Great post about the CTP SB.
It is an account that will be a driving force within the CTP community.
And quite profitable for all the HODLers.
If the growth continues it will surpass a lot of the other tokens on Hive.

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