The other day, I had an interesting discussion regarding CTPSB with 
This discussion also made me think about the project in general. There are several weaknesses about CTPSB and I would like to go through them with you:
The market maker always puts fresh orders but if somebody fills all the buy orders, there is virtually no way to sell the token. Also, if I don't have time to update the orders, it's possible that for several hours or even days, there is no way to sell the tokens.
Setting the buy and sell orders is done on a daily basis and requires a lot of planning. I have to make sure that there is enough liquidity and finally a lot of money needs to be ready for that. At the moment, the market maker has 5000 hive worth of swap.hive and ctpsb immobilized for these orders. To make up for so much money immobilized, there is a spread between the buy and sell price which generates a small profit for the market maker that allows him to grow according to the token value.
Still today, I have a lot of comments that are asking questions about the CTP tribe. Still people don't get that CTPSB is a different beast and being associated with a kind of dead community isn't positive.
I'm dealing with this project by myself which I don't mind but it's there is a risk linked to my person. If I can't manage the project, what happens with it.
Since CTPSB is a community project and since everybody who owns CTPSB tokens actually is part owner of the project, I think it's only fair to ask for your opinion. I have several ideas that I would like to present. I take the liberty to mention here all the holders of at least 10 CTPSB to include you in the discussion:
I think that as long as the name of the tokens carries CTP in it, there is no way that it can be disociated with the tribe. An idea would be to create a new token and airdrop the new token to all the owners of CTPSB. The market maker of CTPSB would then be transferred to the new token. Nobody would lose anything in the process. The airdrop would also be done to CTPSB in reward pools.
Creating a diesel pool with the new token and swap.hive would be a way to ensure that there is always the possibility to sell or buy tokens quickly without needing to wait for orders to be put back. The disadvantage of this is that such a thing costs 1000 BEE tokens (~ 120 $) and I would need to find a solution to come up with that money.
The advantage of a diesel pool would also be that the market maker wouldn't be necessary anymore. The whole money that is on the market maker would simply go into the diesel pool and make swapping easy. This would make the token more variable in price and there could be a difference between the value of the token and the price but it would provide much more liquidity.
A reward pool would entice people to provide liquidity to the diesel pool and would actually allow to earn double from the token. They would earn from the value increase but they would also earn rewards from providing liquidity. This would be financed by the money that at the moment is burning tokens on a regular basis. The APR for the token itself would go down a bit but there would be a second income potential in its place.
Another idea would be to bring the token into my other project that I lead with
If you own some CTPSB, I would be very grateful for your opinion regarding these ideas. The objective of all this is to reduce the weaknesses and make the project better in the future. However, I can't go forward without knowing that people agree with my steps. Therefore it's important for me to know your opinion.
Learn more about the CTP Swarm Booster:
