The CTP Token - Transparency Report

The CTP Token Transparency Report.png

So...It's been quite a weekend so far for the little token that could!

The CTP Token has been on a steady climb over the past few weeks and finally hit the 2 cent mark earlier today...

HiveEngineSmartContractsontheHiveblockchain 3.png

This is aligning perfectly with our goal to have the CTP Token trading at 5 cents each in 2021...Heck if things keep going this well, we might even get on par with Hive...

But this also raised an interesting situation on the markets.

In a nutshell...There are only a handful of sell orders now because...CTP is starting to really generate attention and people are looking forward to our game plans for 2021.

HiveEngineSmartContractsontheHiveblockchain 3.png

That being said, we had to get a little bit more 'professional' with our token and it was brought to our attention that without being transparent with how the token is set up and managed...People would be giving this a side eye glance moving forward.

When we set up the CTP Token, I personally bugged the crap out of @khaleelkazi because what he set up with LEO was the exact same model we wanted for CTP.

He graciously put up with me ;)

And showed me how to set everything up. So when we launched, CTP had the exact same numbers as the LEO token did.

We also air dropped CTP to all LEO holders back when we first launched, as we felt LEO was the no-brainer token that we wanted to model after.

But that's just me saying things....Where's the data man???

I touched base with @achim03 (the creator and manager of @ctpsb ) and asked him if he could dive in and create a detailed transparency report for us...

And here's what he came up with.

=> You can download the PDF report here!

CTP Transparency Report

How are the tokens issued? What are the rewards? This report tries to show all the facets of the CTP token

The Tokens CTP
The token for the CTP community at CTPtalk.com - A tribe of affiliate marketers, online businesses and entrepreneurs - https://www.CTPtalk.com

Circulating supply and total stake: https://leodex.io/token/CTP Precision : 3

Staking Enabled : Yes
Delegation Enabled : Yes

Markets:

https://hive-engine.com/?p=market&t=CTP
https://leodex.io/market/CTP

CTPM
The CTP Token Miner - Want to grow your CTP holding? You can do so with the CTPM. Simply purchase and stake your CTPM and it'll do the rest...

Precision : 3
Staking Enabled : Yes
Delegation Enabled : No

Markets:

https://hive-engine.com/?p=market&t=CTPM
https://leodex.io/market/CTPM

Token holders
CTP token: https://leodex.io/richlist/CTP
CTPM token: https://leodex.io/richlist/CTPM

Token supply

CTP Max Supply : 3.000.000.000
CTPM Max Supply: 1.000.000.000

How the tokens are issued:

– Every 100 blocks of the hive blockchain (= every 5 minutes) 13.86 CTP tokens are issued
– This represents a total of 3992 CTP tokens per day
– 85% of these tokens are issued to posts (3393 tokens)
– 15% of these tokens are issued to miners (599 tokens)
– Every hour 20 CTPM holders get 1.2474 CTP token miner rewards
– Every year the number of CTP tokens issued is reduced by 1% in respect to the previous year
– There was an initial airdrop of 695'000 CTP tokens

Supply evolution of the CTP token

Date|Total supply|Increase %

02.08.19|695'000|
02.08.20|2'166'822|+67%
02.08.21|3'623'785|+40%
02.08.22|5'066'179|+28%
02.08.23|6'494'148|+21%
02.08.24|7'907'838|+17%
02.08.25|9'307'391|+15%

The detailed settings of the CTP token: https://scot-api.hive-engine.com/config?token=CTP

Rewards
– Author rewards: 60% of post rewards
– Curator rewards: 40% of post rewards
– Payout delay: 7 days
– Reward curve: not linear

Administrative / management accounts
– @jongolson (token issuer, owner)
– @blainjones (owner)
– @null (burnt tokens)
– @noctp4u (downvoting account for unrelated posts)
– @clicktrackprofit (token information)
– @ctpsb (community account)
and @elianaicgomes (community support and service)