The year 2024 was quite eventful for the CTPSB project. We had to change our strategy several times. We first had to stop the payments of dividends for delegating to the project simply because it was not sustainable anymore.
I have been managing the CTPSB project for several years now and with the decline of the CTP tribe, the dynamism wasn't there anymore. I had to make some choices that were necessary for the project and also for myself to continue the effort in a sustainable way.
We stopped our curation project and also the ranking that was linked to it in favor of following the ourpick curation project that I'm a member of. As a result, there was much less work for me and I believe the overall quality of curation has become better. Of course, this didn't make everybody happy and some people didn't see the advantage of keeping CTPSB tokens anymore if it didn't give them some advantage with upvotes. From being a community token, CTPSB has become an investment token that grows in value over time. So how did we manage to fulfill this objective?
To look at the numbers of the project, I will simply compare the data of two dates, namely 23.12.2023 and 23.12.2024.
Asset | 23.12.2023 | 23.12.2024 | Difference |
---|---|---|---|
Token value | 2.901 | 3.407 | +17.4% |
Hive Power on @ctpsb | 27562 | 32220 | +16.9% |
Tokens in circulation | 9502 | 9458 | -0.46% |
It's interesting to see that the token value has increased more than the hive power on the underlying ctpsb account. The fact that we have managed to burn tokens pushed the APR up. Over the duration of a whole year, it's nice to see an APR of 17.4% for the CTPSB token.
We are happy to see that the project has become very sustainable. Even if we don't produce a post every week, the return for token holders is still much higher than if they would stake the tokens and curate themselves. CTPSB is also a great token to put into reward pools because of it's value growth over time, it compensates very well for the decrease in APR when more liqudity is provided.
Learn more about the CTP Swarm Booster:
Thanks for a great 2024 and looking forward to more growth in 2025.
Hopefully the chart continues its way in the same direction :-)
It's nice to see a REAL APR, rather than the theoretical APR's of changing circumstances. Very simple, the token was valued here, now it's valued here. There's is nothing more beautiful in crypto than a chart that looks like this.
I've realized that APR can be expressed in many different ways and there are plenty of ways, more or less imaginative, to calculate it :-). I hope that the project can evolve in the same linear fashion in 2025. Thanks a lot for your support!
thanks for the update.
Yes, the changes were necessary for the project to survive.
Burning of tokens is a good move and it improves the price too.
Well I do miss the big votes :-). But will take the price increase over it.
I can still get a big vote, just need to write good posts :-)
@Achim03, thanks for all the efforts you have put in. Looking forward to the growth in 2025
!BBH
!PIZZA
Thanks a lot for your kind words and for your continuous support for the project!
They are fantastic numbers. Great job and Merry Christmas.
Thanks and merry Christmas to you too!
I still believe in you and the tribe, so no way that i am going to sell my token. ; )
with those sweet HP number, I think we will have a great potential in the future for us the CTPSB token holder
I think that the CTPSB token is accumulating real value and at a faster pace than if you would stake the tokens yourself. It can become a very interesting investment vehicle over time :-)
!BBH
Posted using The BBH Project
Thank you!
@ctpsb! @fiberfrau likes your content! so I just sent 1 BBH to your account on behalf of @fiberfrau. (2/20)
$PIZZA slices delivered:
@imfarhad(2/5) tipped @ctpsb
@ctpsb! @imfarhad likes your content! so I just sent 1 BBH to your account on behalf of @imfarhad. (2/5)
May the successes continue.
!HOPE
!BBH
(3/5)
@ctpsb! @edgerik Wants to spread Hope! so I just sent 1 HOP to your account on behalf of @edgerik.
Since we think the world can use more Hope, you can now already start spreading Hope yourself!
@ctpsb! @edgerik likes your content! so I just sent 1 BBH to your account on behalf of @edgerik. (17/50)
It's nice to see how sustainable everything is on CTPSB. The token value and HP backing it almost the same in terms of percentage.