CTPSB has an 18% burn rate !

14 days ago

CTPSB has an 18% burn rate !.jpg

There are a total of 11'498 CTPSB tokens that were emitted. Of these tokens, 9432 CTPSB are currently in circulation and 2066 tokens were burnt. The burn rate is at 18%.

The interesting thing is to compare the token value of CTPSB without and with the burned tokens.

If we hadn't burnt any tokens at all, the value of CTPSB would be 2.93 Hive. Thanks to the burnt tokens however, the value of each token is 3.571 Hive. This shows the impact that the burnt tokens have on the token value quite precisely.

This week, we have burnt again 2 CTPSB tokens. Contrary to most other Hive Engine tokens, there are no new CTPSB tokens minted in normal conditions. This means that every weekly burn is actively pushing the return of the existing token holders.

During the last weeks, we could see quite a lot of people selling their assets and CTPSB wasn't spared either. I would like to encourage people to keep their tokens. CTPSB is probably one of the safest investments on hive-engine since every single token is backed by hive power. The great thing is that if you don't want to be active on hive, you can simply keep your CTPSB tokens. Your tokens will work for you because the hive power behind them votes content, generates curation and author rewards and gets even a better return than a full account thanks to other income sources...

The numbers of this week

Assets	Amount	Increase over last week
Hive Power	33687	+91
Tokens in circulation	9432.4	-2
Burnt tokens	2066	+2
Token value	3.571	+0.01
APR	14.5%	-1.0%

Learn more about the CTP Swarm Booster:

A project run by @liotes

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8 comments

@edgerik 69

14 days ago

Thanks for the news.

!BBH
!HBIT

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@hivebits 54

14 days ago

edgerik, you mined 0.9 🟧 HBIT and the user you replied to (ctpsb) received 0.1 HBIT on your behalf. When you mine HBIT, you're also playing the Wusang: Isle of Blaq game. 🏴‍☠️

Check for bonus treasure tokens by entering your username at a block explorer A, explorer B, or take a look at your wallet.
There is a treasure chest of bitcoin sats hidden in Wusang: Isle of Blaq. Happy treasure hunting! 😃 Read about Hivebits (HBIT) or read the story of Wusang: Isle of Blaq.

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@ctpsb 70

12 days ago

Thanks for stopping by!

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@jfang003 76

13 days ago

That is great. You said it wouldn't be minted normally, but would that change if the supply on the account dropped (due to the markets)?

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@ctpsb 70

12 days ago

The only condition in which we would see a supply increase would be if there was a tremendous demand for the token and the market maker runs out of tokens to sell. At the moment it's rather the contrary that happens.

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