1000 HP below highest level

1000 HP below highest level.jpg

Last week we stopped the power down of the underlying @ctpsb account because the liquidity provider has now well enough liquidity for the market situation. The power down lasted 4 weeks and we burnt in the process about 300 CTPSB tokens. At the same time, we are now around 1000 Hive Power below the highest level 5 weeks ago. If there are no additional power downs necessary, we will reach the same amount of hive power in around 12 to 13 weeks, seeing that we grow at a rate of around 80 Hive Power per week.

In other words, the circulating supply of CTPSB tokens has decreased by 3.26% over the last 5 weeks. The hive power however has decreased by only 2.73%. This means that in the process, all the token holders had actually seen an increase of their tokens.

Return of CTPSB

The average return during the past weeks for the CTPSB token was around 11.7%. It was quite stable for about 4 weeks. Ideally, we will try to push this apr a bit up with more regular posts and the continuation of the systematic token burns (around 2 tokens per week)