Growing the burn account

in tribes •  11 days ago

    Growing the burn account.jpg

    We have paid close to 700 Hive in dividends last weeks to 30 holders of CTPSB NFT's. This was the last dividend payment related to these NFT's. The power down on the ctpsb.ctp account continues until the account is empty. The resulting hive will be sent to the ctpsb.pal account where it will be powered up and added to the organic burn mechanism. There will be therefore about 140 additional hive added to this account.

    The project is evolving nicely and it's great to see that in spite of burning 2 CTPSB every week, the money on the ctpsb.pal account is not really getting much smaller. It's refilling with the rewards related to the liquidity position LEN:LENM and the delegation of hive power to the liotes.voter. The money is coming in on a regular basis and almost covers the costs of the 2 CTPSB that we burn on a weekly basis. This definitely helps to keep APR up and will continue to do so in the long term.

    The numbers of this week

    Since we calculate the APR over the last two weeks, we have a little drop since last week we grew a bit less. There was no post reward and this is directly visible through the APR.

    AssetsAmountIncrease over last week
    Hive Power33415+91
    Tokens in circulation9438.4-2
    Burnt tokens2060+2
    Token value3.54+0.01
    APR14.0%-1.6%

    Learn more about the CTP Swarm Booster:

    A project run by @liotes

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