Community post
CTPSB is worth 4 Hive !
For the first time in the history of the CTPSB token, the value of the token has gone above 4 Hive. This is definitely a milestone for the project.
Since, the selling of the token is ongoing, we will continue with the power down that was initiated two weeks ago. Every week, about 300 Hive is powered down and the according amount of CTPSB tokens is burnt. This reduces the supply of the token in the same manner as it reduces the Hive power of the underlying account @ctpsb. Therefore, the power downs have now impact on token value which continues to grow at a rate of roughly 13% APR.
The numbers of this week
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 35885 | -227 |
| Tokens in circulation | 8971 | -75 |
| Burnt tokens | 2527 | +75 |
| Token value | 4.00 | +0.008 |
| APR | 11.9% | -1.2% |
Learn more about the CTP Swarm Booster:
Replies (2)
Congratulations on that 4 Hive milestone. The token is growing at a decent pace.
It's a great milestone when we think that when it all started, it was worth 1 hive :-)