22% growth in 2023 for CTPSB

Words
439
Reading
2 min
Listen
Play
3y

22% growth in 2023.jpg

When the year comes to an end, I like to have a look back to see how the project evolved.

The CTPSB project was started on 1st of October 2020 as a community project in the form of a tokenized account. All the CTPSB tokens are backed by the Hive Power on the ctpsb@ctpsb account.

The evolution of the token value is pretty linear since the start as can be seen in this graph.

image.png

A special year for CTPSB

On many fronts 2023 was a special year for CTPSB. There were a lot of changes introduced. We passed from a fix return for delegators to a dynamic one. We started to pay delegators in the form of CTPSB tokens and we gave the project a new brand and skin. We also made a fundemental new design for the CTPSB ranking.

Not all changes gave exactly the expected results but in general it can be said that project is now more independent and also more sustainable.

Nice growth for the project

Financially speaking, the project grew nicely in 2023. The number of tokens in circulation passed from 9425 to 9502. The hive power on the account grew by 5077 during this year, which is a increase of 22.77%.

If we look at the token value, it passed from 2.365 to 2.88 Hive. This is an increase of 0.515 Hive per token or a return of 21.77%.

In terms of delegated Hive Power, the project received 17'400 HP delegation one year ago. Today, there are 13'800 HP delegated to the project.

The busy ant account grew by 61%

The project also grew indirectly through the busy ant account. This account delegates its Hive Power to ctpsb@ctpsb and gets dividends in the form of CTPSB tokens. These dividends are then paid to the holders of CTPSB collector NFT's. This account had 520 HP in December 22 and has now 841 HP. This is an increase of 61%. This increase was financed through post rewards and also through the sales and auctions of the remaining CTPSB NFT's.

What to expect in 2024?

I have no concrete plans for 2024 at the moment. We will soon ask for people to submit their posts for the first ranking of 2024. We will probably also host a kind of challenge next year. Since we don't have any NFT's anymore, we will need to rethink the form of it.

What won't change in 2024 is that we want to support the amazing community around CTPSB!


Learn more about the Swarm Booster:

22% growth in 2023 for CTPSB | Ecency