It has been an amazing week for the CTPSB project. The @ctpsb account owns now more than 11'000 Hive Power and thanks to delegations, it upvotes with almost 50'000 Hive Power.
This week 1651 CTP tokens have been distributed among the people who have delegated Hive Power to the @ctpsb account. This represents about 19.5% APR. This number has to be looked at with caution because there is a big spread on the CTP market and the price of the token has a big influence on the return. Let's say the APR is somewhere between 12 and 19%.
Thanks to the increased delegation to the project, the @ctpsb account seems to be growing faster and faster. Since the @ctpsb account is the underlying asset of the CTPSB token, the value of the token is developing in the same fashion. The CTPSB token value is 1.155 Hive today. Let's remember that this value was 1.017 on 1st of October when the token was emitted. Calculated over a whole year, this represents an increase of 61.1%!
There are only two days left in the CTP Power Up Challenge. This challenge will end on 22nd of December at 12.00 am CET. Among all the people who are taking part in this challenge and powering up CTP tokens, a price money of 160 CTPSB tokens will be distributed.
Check out the ranking of the Challenge in the video
Learn more about the CTP Swarm Booster: