We had some time to think things through regarding the future development of the CTPSB project and after the feed-back that we received from you, there are certain things that seem already quite clear.
Rebranding of CTPSB
The community token backed by hive power will need a rebrand since a lot of people still associate it with the dead CTP community. A new token will therefore be created.
Integration into Liotes
The project will be integrated into the Liotes ecosystem. This actually only means that it will be managed by the Liotes team and not only by myself. The fact that the keys are not just kept by one single person should add a layer of security to the project.
Things that are not totally clear yet
It's highly probable that people who own CTPSB token now will get an airdrop of a new token which name needs still to be confirmed. But the CTPSB token will continue to exist in another form. This means that instead of only one token, you will own two! Things need to be worked on a bit more in order to give more details.
There will probably be also a liquidity pool for the new token and a later stage a reward pool linked to it.
How to finance the changes
To finance the token creation, the liquidity pool and the reward pool, we need some funds that we will try to take from the liquid post rewards and from the burning mechanisme of CTPSB. This means that the APR of the CTPSB token in the meantime will slightly be lower than in the past. Instead of 16% APR, during this time the APR will probably be around 12-13%.
The numbers of this week
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 32544 | +73 |
| Tokens in circulation | 9457.5 | +0 |
| Burnt tokens | 2040.9 | +0 |
| Token value | 3.441 | +0.008 |
| APR | 13.0% | -0.8% |
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