We are getting closer to the big NFT dividend distribution

1 day ago

We are getting closer to the big NFT dividend distribution.jpg

As we have reported in several posts there will be a final big dividend distribution to the holders of CTPSB NFT's. The basis for this distribution was the holders on 31st of December 2024. You can see the distribution here: https://peakd.com/tribes/@ctpsb/fundamental-changes-for-ctpsb-nfts

We will distribute a total of 698.4 Hive on this dividend distribution and this will be financed by the hive power on the @ctpsb.ctp account. Since the 31st of December 2024, this account has been powering down and every week around 68 Hive are swapped from staked to liquid hive. At the moment of writing this post, there are 476 liquid hive on the account already. We will need 222.42 additional hive to be able to do the big distribution. At the power down rate of the moment, we will need between 3 and 4 weeks until we have enough to make the payments of the dividends. The chances are therefore big that the dividend payment will take place in march of this year.

Higher burns continued

Last week, we started to increase the burn rate of CTPSB tokens form 0.7 to 2 CTPSB per week. We have again this week burned two tokens and we can see that it has a direct influence on the token value since the APR jumped from 13.5% to 14.9%. Of course this jump is not the sole result of the higher burn, there are other factors that play into it as well but it definitely helps.