Why CTPSB should be part of your Hive portfolio.
Why CTPSB should be part of your Hive portfolio.
With the rise in price of CTP token (nice effort by CTP team @jongolson (Tribe ownership) @blainjones (Development ownership) and @elianaicgomes (Support/Marketing) , CTP token is now much talked and getting nice attention but there is one more project CTPSB (CTP Swarm booster) , a community project led by @achim03 also get attention.
Though information about project is readily available here and can be extracted from @ctpsb posts too but I think all this need time to extract, so why not I make it very concise in this post and I will like to give shoutout to @uyobong , I guess he want's to know more about this but not getting enough time to research it.
I will start with the market chart of CTPSB token.
Interesting , chart always look going up. Is it really a permanent feature for rest of token life ?
Before answering this , I will like to explain how CTPSB token gets value.
How CTPSB token get value.
CTPSB (CTP swarm Booster) is a community project that support the authors and posts with CTP tag. Value of each CTPSB token is calculated as :
CTPSB value = Hive Power of the @ctpsb account / number of CTPSB tokens in circulation
CTPSB account gain Hive/ Hive power by following methods.
1. When someone buy CTPSB token from @lasercity account in Hive-Engine/Leodex. Hive generated with the sale is used to powerup the ctpsb account.
2. When some one delegate Hivepower to ctpsb account. Increased Hive power means , increased curation rewards in Hive generated and powering up just increase the value of CTPSB token , because now same amount of CTPSB token represent more Hive power in CTPSB account.
3. Beneficiary setup: There are many user in CTP community that setup CTP account as beneficiary, these rewards also add up the Hive power of the account. Again it cause increase in CTPSB value.
4. Posting rewards: Since CTPSB account also post content and it earn rewards for posting. These rewards also make part of the CTPSB account. Again it cause increase in CTPSB value.
5. Other streams of income: CTPSB has stake of other non related CTP token too, mainly SPORTS ,Hustlers and list too. It has it's own Dcity and some investment on Brofund and Index token that also generate income for it.
I guess , now you understand why chart of CTPSB token keep showing upward, because everyday Hive power of account increase.
Why you should invest in CTPSB token.
1. I see CTPSB token as no risk and sureshot gain in the Hive value of your token with time. I think this special feature should be enough to get some CTPSB token.
2. As a plankton and with very small HP , it will be difficult to get any curation rewards, this make excellent investment to get some curation rewards on it (+ all increased value) and all in liquid form (to get curation reward you need Hive power that need powered up, that is not a requirement with CTPSB token.)
3. You help the CTP community: Since part of earnings is used for buying CTP tokens from market and CTPSB also spread CTP tokens to the delegator. It is a very nice way to support the CTP community and spreading CTP token.
PS: DYOR is always advised, I am holder CTPSB token. All information is based on my experience and collection of posts that are posted over in period of time.
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Shared in reddit, My userid in Reddit is / user / r1s2g3
Shared in Publish0x, MyPublish0x user_id is / @ Rajat-G
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That is a pretty accurate explanation of the CTPSB token! Thanks a lot for doing it.
I believe that CTPSB is really a great way for small users to profit from the Hive ecosystem without having to invest to much. As you said, you need to have at least 100 Hive Power to actually generate minimal curation rewards. With ctpsb you can start to get a return on your tokens starting with 1 hive already.
Thanks for your Stop by . I firmly believe that CTPSB is going to get more strong with time.
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The innovation just keeps on coming, this one looks pretty interesting.
Great write up thanks!
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Hive Second layer is really interesting to look at it.
I will say if somebody is doing faucets then better research Hive second layer, it is much potential that can change micro earning to a real investment.
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Project is awesome...it has many ways which increases the value of token... every single upvote by the ctpsb account increase the value of token.... nice work dear...
Yeah , Every upvote, post , delegation increase the value of token.
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It's an interesting project and that's why a few days ago I bought 21 ctpsb
Excellent article and very good explanations @r1s2g3
!BEER
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One thing is assured that you are always going to get more Hive for it then you spent on it.
Thanks for supporting CTP community.
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CTPSB seems to be a good project. I early invested in CTP project; which I guess is a separate project but got some good gains here as well.. Will check out the CTPSB project in detail; thanks for sharing. cheers
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Separate but very closely interlinked.
Jon + other CTP members help CTPSB with delegations and CTPSB help CTP . A very nice symbiosis.
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Excellent article, surely it has to be in our portfolio.
Yeah, It will be an excellent choice.
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Awesome project awesome people....
yeah.
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This is an interesting article and a project for one to invest in. The good thing is the second layer tokens just keep surprising everyone and skyrocketing than expected.
Great one.
Just keep staking today and get the benefits tommorrow.
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ctp for me is one of the most promising projects apart from leo!
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Yeah CTP is making a quite a stride now , CTPSB is also helping CTP in it.
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Very well explained,
That a lot for consolidating this information.
Thanks for stopby. I am happy you liked it.
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Very good information
Thank you very much for detailing.
Thanks for stop by.
My pleasure . I like to write about them.
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That is the next big investment for the HiveHustlers account!
I am very happy how the Hivelist/hustlers is proceeding. I just wish that I am able to support you guys more.
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Yeah 😊 guess I am not. Understand the benifishy thing
You are always welcome to know things. Best of luck.
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Bull 🐂 everytime I tried to do it fails. Tho I can delegate