Tribaldex Blog

Big CTPSB burn this week

@ctpsb70
tribes

Big CTPSB burn this week.jpg

It was a very busy week-end at work for me and I couldn't find time to create a post for CTPSB until now. It's a bit later as usual and I'm sorry about that.

How the big burn works

We have created a burn mechanisme for the CTPSB project by building a liquidity position in the diesel pool LEN:LENM. This pool distributes daily dividends in two main tokens, namely CTPSB and Swap.BTC. Every week, we burn the CTPSB tokens that we recieve and about once every two month we take the daily Swap.BTC earnings and purchase CTPSB tokens with it to burn them. That's what we call the big burn. This week in the big burn, we have managed to burn a total of 5.34 CTPSB tokens which represents the value of 18 Hive!

Burning brings value to CTPSB

Since CTPSB is a token that is backed by real money. Burning has a direct effect on it's value. The hive power on the @ctpsb account divided by the number of tokens in circulation defines the value of the token. The market maker sets then the orders around this price. When we burn tokens, the value of all the remaining tokens increases directly because of that. It's maybe not directly noticeable but in the long run, it has a direct effect on the token prize evolution.

The numbers of this week

report ctpsb02.12.24.jpg

Learn more about the CTP Swarm Booster:

tribesbbhaliveanthrivingproofofbraincentpimpctp
1.60054166 BEE
8 comments
@edgerik68

Thanks for the news.

!DIY
!BBH

0.00007399 BEE
@ctpsb70

You are welcome!

0E-8 BEE
@ironshield76

This week in the big burn, we have managed to burn a total of 5.34 CTPSB tokens which represents the value of 18 Hive!

Wow, great job! That's 18 HIVE worth of CTPSB that will never be on the market.

0.00007193 BEE
@ctpsb70

It goes even further because when we burn we actually change the balance of the equation:
Before burning: x Hive Power / x tokens in circulation

After burning: x Hive Power / x - Burn tokens in circulation

So each burn is actually increasing the value of all the remaining tokens in circulation :-)

0.00021174 BEE
@ironshield76

So awesome!

0E-8 BEE
@jfang00375

That is a nice burn. Those burns will add up over time and that pool is just passive earnings.

0.00007190 BEE
@ctpsb70

Each burn has a multiplicator effect because the divisor is getting smaller and smaller with each burn :-)

0E-8 BEE
@imfarhad72

thanks for the update.
5.34 is a good amount of burn tokens. one more drop added to the puddle :-)

!PIZZA
!LOLZ

0.00007265 BEE
@lolzbot70

lolztoken.com





I would like to thank my fingers.
I can always count on them
Credit: reddit
@ctpsb, I sent you an $LOLZ on behalf of imfarhad

(1/6)
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.

0E-8 BEE
@ctpsb70

Less tokens but with the same value of hive power on the account makes the token growth faster :-)

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@yeckingo170

A good burn and great growth for the token.

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@ctpsb70

It is indeed :-)

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@pizzabot58

PIZZA!

$PIZZA slices delivered:
@imfarhad(2/5) tipped @ctpsb

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@bbhbot51

@ctpsb! @edgerik likes your content! so I just sent 1 BBH to your account on behalf of @edgerik. (20/50)

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@diyhub74
@edgerik just sent you a DIY token as a little appreciation for your post dear @ctpsb! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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