We have lost some delegations but we will keep the APR up

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▶️ Watch on 3Speak

Last week, the CTPSB project unfortunately lost an important delegation. This will have a direct impact on the APR of CTPSB but also on the vote value of the account.

We have taken some measures to counteract this.

Check-out the video to learn more

Learn more about the CTP Swarm Booster:

▶️ 3Speak

leofinance ctp cent tribes pimp proofofbrain
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thanks for sharing the information on the CTPSB account.

One question, you mentioned a new account is been created and a set of hive is transferred to that account and used for buying out CTPSB from market and burning it.
Where can i find the details of that account?

Irrespective of losing some hive delegations, i am very grateful for the votes i get from this account.

Thanks for taking the mentioned measures to improve the APR.

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Thanks a lot for your question.

The account that we use to burn CTPSB is not new, it's the account @ctpsb.pal. It has been growing very slowly but this week, we allocated 100 Hive to the account and powered it up. The Hive power is delegated to @liotes.voter where it generates daily LEN tokens dividends. We sell these tokens once a week. With the proceeds, we buy CTPSB tokens from the market that afterwards we burn. Today, we have burnt 0.178 CTPSB tokens.

The idea is to make this account grow thanks to a part of the author rewards, so that we can burn more and more tokens in the future.

The advantage is that we can increase APR without decreasing the voting power of the account.

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It's nice to know that you are keeping people updated about the token. Did you leave yourself room to add more CTPSB tokens in the future or did you print then burned them?

Posted Using LeoFinance Beta

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I try to keep all options open. At the moment, I will not issue more tokens. However, I didn't print and burn the supply because it would be a pitty not to have the option to issue tokens at a later stage.

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Thanks for keeping us updated. I've moved more towards buying the tokens than delegating.

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Owning tokens definitely is a good way to let your money work :-)

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I will not recommend to stop minting CTPSB until account reach some kind of significant HP. (let say 100K HP)
Let say CTPSB mint CTPSB token and pays delegator CTPSB token instead of CTP.
All author income is used to acquire CTP and stashed away for some promotional and bonus activities. (I do not favour outright burn and keeping them away until we get use case for it ,is also as good as burn.)

Posted Using LeoFinance Beta

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Thanks a lot for your feed-back. I will keep this in mind :-)

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I delegated a small amount, so thanks for the information.

Take care and good luck with the project in the future.

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Thanks for the delegation!

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