The idea behind the CTP Swarm Booster was to have a big account that would support the CTP community to grow faster. We came up with this project and I would like to see the influence that it has on the community.
On the 1st of October the token was emitted. In 19 days, the underlying account grew from 7076 to 7881 Hive Power (delegations excluded). This is an increase of 804 HP. If we look more in details, of these 804 HP increase, 588 HP were due to new tokens that were emitted. There were 28 Hive Power generated as author rewards and 188 HP as curation rewards.
This means that the account grew organically by 188 HP in 19 days. This is around 10 Hive Power per day.
We know that on the Hive Blockchain there is a ratio of about 50% curation rewards and 50% author rewards for a post. Of course there are a lot of things to factor in but it's safe to say that we are not too far from this relationship. This means that the account grows by around 10 Hive per day but it also means that the tribe earns about 10 Hive per day just from the upvotes of the 
When we look at the development of the value of the token. It is now worth 1.048 Hive. Since the beginning of October this is an increase of 3.04% which represents an APR of 58.5%. We are still on track.
Some people told me that the spread built by the market maker, between the buying and the selling price of the token, which is around 4%, is discouraging people from buying more tokens. If this is true, I believe it would be a good idea to reduce this spread. The spread is there to finance the growth of the market maker. If however people don't buy tokens because the spread is too big, then the market maker doesn't earn anything at all. What do you think?
Learn more about the CTP Swarm Booster:
▶️ 3Speak
