We have reached a milestone today by bringing the amount of burnt CTPSB tokens to 2000. There is a total supply of 11498.465 CTPSB tokens and only 9498.276 are in circulation. This means that over 2000 tokens have been sent to null.
How are tokens burnt?
We have the account ctpsb.pal that owns a certain amount of Hive Power. This Hive Power is delegated out and generates a return. Every week this return is used to purchase CTPSB tokens which are then burnt. It's a small amount but it cumulates over time. By burning these tokens we actually give value to all the remaining tokens in circulation.
The value of CTPSB is determined by the Hive Power on the @ctpsb account divided by the number of CTPSB tokens in circulation. With a same amount of hive power and by reducing the number of tokens in circulation, we increase the value of CTPSB.
The numbers of this week
In the picture you see the number of this week.
The busy ant account is growing
The busy ant account @ctpsb.ctp has increased it's hive power by 5 this week thanks to the beneficiary rewards linked to a previous post. This means that more money will be generated for the holders of CTPSB NFT's. We managed to increase the dividends of collector NFT holders from 0.036 to 0.04 thanks to that.
Learn more about the CTP Swarm Booster: