This is officially the first post of the CTP Swarm Booster project. Even though the project started a couple of days ago, this is the official beginning.
So far I've posted news related to the project over my own account. Starting from today all posts will be written by the @ctpsb account. This has some very important implications. These posts will generate author rewards for the project.
For the posts we will chose a 50/50 split. So half of the author rewards will be paid in staked hive and will increase the value of the account and thereby of the tokens.
The liquid part of these posts will first be used to pay for the token creation. Once this is paid, the liquid hive that is generated through the posts will be used as a buffer to buy back tokens. If there is a lot of demand to sell tokens and the market maker runs out of liquid funds, it will have the possibility to sell tokens back to the @ctpsb account and get some more liquidity. These exchanges between the market maker and the @ctpsb account will always be at the token value of the moment and will therefore have no influence on the price of the token.
Date: 1.9.2020|Hive Power
Powered up Hive|513 HP
Number of tokens to be emitted: 513
Value of 1 token: 1.00043 Hive
Let's not forget our first target which is to reach 1000 HP in Hive (delegations not included). If we reach this target this will unlock a goody that will profit all the people in this project.
Target: 1000 HP -> Reached 51.3%
Learn more about the CTP Swarm Booster: