Help me to make CTPSB better - Brainstorming
The other day, I had an interesting discussion regarding CTPSB with @ph1102. Being active on other blockchains, he was saying that CTPSB is actually nothing else than liquid hive stake and he is quite right about that. When you purchase CTPSB, you get a token that is underlined with real hive power on the @ctpsb account. So each token is worth real Hive Power in a liquid form. So we have been having liquid stake on hive much earlier than most other platforms.
The weaknesses of CTPSB
This discussion also made me think about the project in general. There are several weaknesses about CTPSB and I would like to go through them with you:
Lack of liquidity
The market maker always puts fresh orders but if somebody fills all the buy orders, there is virtually no way to sell the token. Also, if I don't have time to update the orders, it's possible that for several hours or even days, there is no way to sell the tokens.
Required money for the market maker
Setting the buy and sell orders is done on a daily basis and requires a lot of planning. I have to make sure that there is enough liquidity and finally a lot of money needs to be ready for that. At the moment, the market maker has 5000 hive worth of swap.hive and ctpsb immobilized for these orders. To make up for so much money immobilized, there is a spread between the buy and sell price which generates a small profit for the market maker that allows him to grow according to the token value.
Legacy name
Still today, I have a lot of comments that are asking questions about the CTP tribe. Still people don't get that CTPSB is a different beast and being associated with a kind of dead community isn't positive.
A one man show
I'm dealing with this project by myself which I don't mind but it's there is a risk linked to my person. If I can't manage the project, what happens with it.
Solutions to be discussed with you
Since CTPSB is a community project and since everybody who owns CTPSB tokens actually is part owner of the project, I think it's only fair to ask for your opinion. I have several ideas that I would like to present. I take the liberty to mention here all the holders of at least 10 CTPSB to include you in the discussion:
@aslehansen
@achim03
@ph1102
@hirohurl
@mathfortress
@moonthumb
@bizventures
@mypathtofire
@russellstockley
@kingneptune
@iamraincrystal
@netaterra
@gurseerat
@hykss
@imfarhad
@gadrian
@slackerman
@successchar
@maddogmike
@khan.dayyanz
@rarej
@thedaolson
@drlobes
@kryptogeier
@alokkumar121
@alexvan
@eirik
@jangle
@jfang003
@pixiepost
@lturner
@r1s2g3
@harpreetjanda
@thatcryptodave
@freesinger
@numasi
@leoneil
@benthomaswwd
@edgerik
@filotasriza3
@rezoanulvibes
@bitandi
@salexa5
@cryptofiloz
@lasort
Rebranding
I think that as long as the name of the tokens carries CTP in it, there is no way that it can be disociated with the tribe. An idea would be to create a new token and airdrop the new token to all the owners of CTPSB. The market maker of CTPSB would then be transferred to the new token. Nobody would lose anything in the process. The airdrop would also be done to CTPSB in reward pools.
Create a diesel pool
Creating a diesel pool with the new token and swap.hive would be a way to ensure that there is always the possibility to sell or buy tokens quickly without needing to wait for orders to be put back. The disadvantage of this is that such a thing costs 1000 BEE tokens (~ 120 $) and I would need to find a solution to come up with that money.
The advantage of a diesel pool would also be that the market maker wouldn't be necessary anymore. The whole money that is on the market maker would simply go into the diesel pool and make swapping easy. This would make the token more variable in price and there could be a difference between the value of the token and the price but it would provide much more liquidity.
Create a reward pool linked to the diesel pool
A reward pool would entice people to provide liquidity to the diesel pool and would actually allow to earn double from the token. They would earn from the value increase but they would also earn rewards from providing liquidity. This would be financed by the money that at the moment is burning tokens on a regular basis. The APR for the token itself would go down a bit but there would be a second income potential in its place.
Incorporating CTPSB into Liotes
Another idea would be to bring the token into my other project that I lead with @ph1102: Liotes. Under the umbrella of Liotes, the new token would be managed not by a single person but by a team. Thereby reducing the risk linked to my person.
Please share your point of view regarding these ideas
If you own some CTPSB, I would be very grateful for your opinion regarding these ideas. The objective of all this is to reduce the weaknesses and make the project better in the future. However, I can't go forward without knowing that people agree with my steps. Therefore it's important for me to know your opinion.
Learn more about the CTP Swarm Booster:
I don't mind the name, but to get new investors I can see why a rebranding is something to consider.
I'm a big fan of diesel pools. It makes it much easier to purchase tokens - and with CTPSB maintaining a very stable buy/sell price point, it may be a safe assumption that the pool with offer a secure and stable price. But keep in mind, people may "swap" below market selling prices, bringing the sell price down.
I'm an even bigger fan of diesel pools, especially if they reward CTPSB. It's a reward that I look for when making a decision to invest in a pool.
This is another good idea, more incentive to participate with Liotes!
!BBH
Integrating CTPSB into Liotes and having it managed by a team under the Liotes umbrella could definitely add more stability and reduce individual risk.
It also aligns well with the collaborative spirit of the project.
!DIY
!BBH
Not a current CTPSB holder, but I've been peforming deep dives on Communities, and community tokens.
Gaining traction for a new community and getting it to a signifcant level of curation power is a challenge. Merging functions with Liotes would probably be a stronger play to preserve the value for the token holders, particularly if there is already significant community overlap with @Liotes
Reducing the amount of time you have to spend on administrative tasks is also likely a good thing. You would need to give some consideration on what the mechanics would look like for the new token, since Liotes has the LENM token (I hold a small quantity).
There's a lot to consider there but it sounds like you are on the right track.
Posted using The BBH Project
I will suggest to merge with existing project , no need to create another project.
I agree that something needs to be done regarding the CTPSB token. I sometimes think about divesting from it since it is linked to the CTP community which I am no longer active but then remember that it is not really. That part makes it very confusing and if there is a solution to address it I am all in.
The LP with rewards instead of market maker is a great ideal after the rebranding. I would also be in favor over bringing it into the Liotes project to reduce the risk mentioned.
It probably makes sense to reduce your workload and costs and merge with liotes.
Holy smokes... so many great ideas. You don't really even need much input, as I can see the majority of comments are supporting one or all of these possibilities.
And I do as well! A rebrand is almost a requisite first step... and I !LUV the notion of a #Liotes partnership AND a diesel pool with rewards.
I'm not knowledgeable enough to know if a new token is necessary for you to rebrand, so I trust you'll do what makes the most sense.
I appreciate the update and tag. You've been solid, so I'm with you. 👊
!PIZZA !hiqvote
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@thatcryptodave, the HiQ Smart Bot has recognized your request (1/3) and will start the voting trail.
In addition, @ctpsb gets !WEED from @hiq.redaktion.
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@thatcryptodave(1/15) tipped @ctpsb
You can query your personal balance by
!DIYSTATSIt is a shame that CTP has just died out and that now your associated with that only.
I think your idea of creating a new token air dropping in exchange so you can rebrand is a good idea.
We are going through changes in the We Are Alive Tribe ourselves but there is a core group of us that has pulled together and intend to make it work.
I think that is going to be an important note for you, build a team bro don't be a one man show it is a decentralized platform build a decentralized community.
I hear all this talk of community but most people are acting like centralized communities which misses the point no or yes?
Maybe look into colaboration with other communities before relaunch and create your market before launch.
I am cheering for you
@ctpsb
!ALIVE
!BBH
!INDEED
!DOOK
You just got DOOKed!
@benthomaswwd thinks your content is the shit.
They have 1/10 DOOK left to drop today.
Learn all about this shit in the toilet paper! 💩
(3/30)
@ctpsb!
You Are Alive so I just staked 0.1 ALIVE to your account on behalf of @benthomaswwd.
It wasvery unfortunately and sad that CTP is now a dead community. In my opinion joining had with other projects or community is good idea.
Merging the project to the existing one can be a good idea
I think it's fine to create a new token and rebrand or to merge into an existing project. As long as it's fair to everyone involved.
Yes, create a new token and airdrop them to existing holders and reward pools.
I also like the idea of moving the new token under liotes banner. But not to associate the new token with the liotes project as we did earlier - ctpsb with ctp.
Only handful of ctpsb holders are currently active on Hive.
Diesel pools with rewards should be next step to grow.
Name of the token should be unique and not associated with any tribe or community.
!hbit
!PIZZA
!BBH
!ALIVE
(1/20)
@ctpsb!
You Are Alive so I just staked 0.1 ALIVE to your account on behalf of @imfarhad.
I like the price stability of CTPSB and slow-growth model. If a diesel pool (as much as I like them) would make it more volatile and jeopardize the slow-growth model, I probably wouldn't be a big fan.
I don't mind the name, but like someone else said, I understand it could be a problem in attracting new investors, so a rebranding could be useful.
As for making CTPSP part of Liotes, it depends on what you have in mind and what would that entail. Would that just mean co-managing with Zoltan of the existing (possibly "upgraded" project), or a major restructuring, where CTPSP funds slowly move into a part of Liotes, and holders of CTPSB receive an airdrop of LEN or LENM as compensation? I would prefer the project to remain with a distinct identity, separately or within the Liotes project.