A couple of days ago, we informed you about the sunsetting of the NFT's project on CTPSB. I'm quite happy to see that the proposed solution was widely accepted by the community and especially by the owners of the NFT's. Thanks a lot for your understanding!
As soon as the post was published, we undelegated the hive power of the account ctpsb.ctp and yesterday we started a full power down. Every week, this power down will free 67.86 Hive. This means that we will need about 11 weeks of power downs to reach the necessary funds to distribute the 720 hive to the NFT holders. If everything goes according to plan, we will do the distribution of the dividends on 18th of March 2025.
During the last week, the project evolved as follows:
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 32384 | +89 |
| Tokens in circulation | 9457.5 | -0.7 |
| Burnt tokens | 2040.9 | +0.7 |
| Token value | 3.424 | +0.009 |
| APR | 13.8% | -1.8% |
The APR during the last week went a bit down. The reason for that is pretty simple. Whenever when we generate a post, we get a post reward in the form of HBD. Because of the latest Hive pump, I decided not to swap the HBD for hive yet. It will be done in the coming weeks when hive prices come down again, which I suppose they will do. If they don't, I believe nobody will complain about it...
Learn more about the CTP Swarm Booster:
