We have burnt 5 CTPSB this week
After a couple of weeks of brainstorming with you guys, with @ph1102 and with myself regarding potential changes around the project, I've come to the realization that for the moment being I couldn't decide on what action to take. I've got some very interesting inputs from several sides and I simply don't want to rush things in any way. The project the way it is at the moment isn't perfect but a solution would need to be better for the token holders and also for me as the manager of the project. So far, I couldn't come up with a solution that caters to both of these sides. Therefore, we will continue the CTPSB project the way it is at the moment... By saying we, it means that from now on, the project will be managed by Liotes. In other words, @ph1102 will have a set of keys for the accounts as well and this should reduce the risk for token holders. However, I will continue to manage the project more or less the way I did it before.
I would like to apologize for all the noise and questions. However, I believe that it's better to go on with something that has proven to be working fine instead of making changes just for the sake of making changes with an outcome that may actually not be better for everybody involved...
Big burn
For a couple of weeks, we have stopped the burning of CTPSB tokens because we planned to use this money for the potential changes. We have taken all the funds accumulated and burnt 5 CTPSB tokens this week. This allowed a nice bump into the price of CTPSB and an increase of the APR.
The numbers of this week
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 32641 | +97 |
| Tokens in circulation | 9452.5 | -5 |
| Burnt tokens | 2045.9 | +5 |
| Token value | 3.453 | +0.012 |
| APR | 15.1% | +2.1% |
Learn more about the CTP Swarm Booster:
A big burn!
!ALIVE
0.05% of the token supply was burnt which seems not much but it makes a difference :-)
Thanks for the update.
Ya, rushing things is not good and i am sure token holders just don't want another token more or less doing the same thing.
Thanks, @ph1102 & @achim03 for taking the CTPSB token under liotes banner.
after the burn, you must be hungry,
Have some !PIZZA
!LOLZ
!BBH
!ALIVE
That's a similar conclusion that we have reached as well...
$PIZZA slices delivered:
@imfarhad(1/5) tipped @ctpsb
I agree the solution does need to benefit both sides. It is good the discussion about changes occurred so that all could understand what needed to be considered. Lower risk is good for all involved. Thanks for sharing.
Thanks a lot for taking part in the discussion. CTPSB is working quite fine even if it's not perfect. To change things just to change them without any added value to the people involved hasn't much meaning...
Seems like a good idea to continue with the project in the same format if you couldn't find something better. It's not worth changing something that works.
That's the conclusion that we have reached as well. I mean if the new solution can bring some added value for everybody involved, it would be worth thinking about but the things that we have brainstormed leave some people in a worse situation than before...
Thanks for the news.
!BBH
!INDEED
Thanks for stopping by!
Take your time with the changes. I think you can take the changes slowly and I think it's good to make a good plan before enacting the final changes.
Exactly, I realized that when creating projects on hive they often last for years and it's important to start something new only when you are really sure that it will make things better.
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