Here are some extracts from a longer blog post that I published @ https://davidhurley.net
Those of us who post content on CTPTalk.com can earn CTP Tokens (in addition to earning Hive). Those CTP Tokens can be traded for Hive or other tokens. Hive itself can be traded for Bitcoin or other crypto or fiat currencies.
CTP Tokens can also be used to purchase upgrades and credits in a whole range of sites such as Traffic Exchanges and Viral Mailers – including my own site https://elitedownlinebuilder.com – through CTP’s Fire-Pay.com payment processor:
That means CTP Tokens have real value “out there” in the “real world” where people buy and sell goods and services.
Owning CTP Tokens Creates A Virtuous Circle
At the same time, the more CTP Tokens you own, the more you can earn when you post content, or upvote or comment on other people’s content. In short, a virtuous circle is created. Here’s what it looks like (just don’t tell Jon Olsen that I stole the image from his Twitter feed):
Okay, Back On The #RoadTo10kCTP Tokens…
According to my records, I had accumulated 2,515 CTP Tokens by the 3rd February 2020, so I was just over half way towards the 5,000 CTP Token target when the goalposts were suddenly moved further away! Aaargh!
Three months later, I was finally able to bust my way through the 10,000 CTP Tokens target. The last push came when somebody used CTP Tokens to buy advertising on https://eliteDownlineBuilder.com and then when I won over 500 tokens in one of Russell Stockley’s daily wheel spinning competitions!
On the day that I broke through the 10k barrier CTP Tokens also jumped 99% in value!
As we know, however, crypto currencies have a reputation for volatility, and when your tokens are valued at around 1 cent each, 100% shifts in value are not uncommon. That said, there are good reasons to expect CTP Tokens to rise in value over the medium to long term as the CTP community continues to grow, and as the CTP Token gains increasing recognition beyond the community.
David Hurley