The CTPSB project was born in september 2020, more than 4 years ago. At the beginning, it was meant to be a curation account for CTP community that was owned by the members of the community. As a tokenized account everybody could take part in the project, own part of it and participate in it's value increase.
The project was very much alive and it developed very well over time. We run challenges and projects and even created NFT's on the wax blockchain. Until in 2023 the CTP community started to disapear. This forced us to rebrand the project in October 2023 and we have tried to bring life back to it but it was a downhill battle. We introduced many changes that made the project more sustainable.
Dwindling community
It's difficult to give value to something when the people that should profit from this value are hardly around anymore. This is especially true for the NFT side of the project. Every 3 months, we distribute dividends to people who own CTPSB NFT's and claim them. The last time we did it, only 23% of the hold tokens or 7 users claimed their dividends....
No transactions on Wax
The NFT's are on the WAX blockchain and it has become much more difficult to create an account on WAX. It's not possible to do it for free anymore. This means that new people struggle to get to it and it means that the NFT market has become dry. Most of the people who owns CTPSB NFT's are not active on WAX anymore and this translates into the fact that no CTPSB NFT was traded since July 2023. In 2024, there were two transactions where the project actually offered to buy back NFT's. The whole thing is stale and I don't see how this could evolve.
A lot of work to pay 7 people
I have the feeling that I do a lot of work for fewer and fewer people and it's not satisfactory for me. I have created around 12 posts in 2024 for these NFT dividends and I ended up doing that to pay dividends to 7 to 10 people.
I've been trying to come up with a solution that was fair for everybody. I want to reduce my work load and I want at the same time that people get something back for their NFT's.
The solution for CTPSB NFT's
My conclusion is that it's not worth to try to develop these NFT's. They are the remainder of how the project was a couple of years ago. In my opinion, it can't really be developed since it's complicated for new people to create a WAX account and of the owner of NFT's not many are active anymore. Instead of continuing this downhill battle, I would prefer to put an end to the NFT side of CTPSB.
Instead of creating tons of posts and making distributions to a few people every 3 months, I will make one big payment to all NFT holders in 2025. This payment will be worth the dividends not for 1 year but the value of 10 years of dividends. This will be the last ever dividend payment to CTPSB NFT holders.
FAQ
How much will each holder get?
It's not easy to give a value to each of these NFT's because finally they depend on what you can do with them. The only value that they have is given by the dividends that we pay. We have calculated how much dividends we have paid this year, including also the dividends that haven't been paid and went back into the pot. The total of paid dividends (weekly dividends to collector NFT holders and quarterly dividends to all holders) was 72 Hive in 2024.
This means that the payout will be 10 times this amount or 720 Hive in 2025. For each NFT, holders will get the following amount:
| NFT type | Final dividend |
|---|---|
| Silver NFT | 7.2 Hive |
| Gold NFT | 14.4 Hive |
| Collector NFT | 72 Hive |
Who will get a payment?
This time, we won't ask for a claim, we will pay the value to all the accounts that are linked to a hive account. The base for the payout is the snapshot here that we created to know who owns the NFT's. When the NFT's change hands after this, we won't take it into account.
| WAX account | Linkde HIVE account | Collector NFT | Gold NFT | Silver NFT | Total Points | Total Reward in Hive |
|---|---|---|---|---|---|---|
| 3u4qy.wam | @alokkumar121 | 0 | 1 | 4 | 6 | 43.2 |
| gtqw.wam | @guurry123 | 0 | 4 | 0 | 8 | 57.6 |
| nqis.wam | @harpreetjanda | 0 | 0 | 4 | 4 | 28.8 |
| p1nay.wam | @jfang003 | 0 | 3 | 1 | 7 | 50.4 |
| .f5ca.wam | @maddogmike | 0 | 1 | 2 | 4 | 28.8 |
| pdn4s.c.wam | @iamraincrystal | 0 | 2 | 1 | 5 | 36 |
| vmee.wam | @r1s2g3 | 0 | 0 | 3 | 3 | 21.6 |
| 3k5bi.wam | @libertycrypto27 | 0 | 1 | 1 | 3 | 21.6 |
| awxbc.wam | @ph1102 | 1 | 1 | 0 | 12 | 86.4 |
| hmzao.wam | @achim03 | 0 | 0 | 2 | 2 | 14.4 |
| lesci.wam | @imfarhad | 0 | 2 | 0 | 4 | 28.8 |
| njjgk.wam | @russellstockley | 0 | 2 | 0 | 4 | 28.8 |
| qclbu.wam | @lisamgentile1961 | 0 | 0 | 2 | 2 | 14.4 |
| 2kris.wam | @benthomaswwd | 0 | 0 | 1 | 1 | 7.2 |
| 33lbm.wam | @steem82868 | 0 | 0 | 1 | 1 | 7.2 |
| 5zq3a.c.wam | @nietokilll | 0 | 0 | 1 | 1 | 7.2 |
| apuay.wam | @theroad2freedom | 0 | 1 | 0 | 2 | 14.4 |
| dfbqw.wam | @niallon11 | 0 | 0 | 1 | 1 | 7.2 |
| f24ro.wam | @nickyhavey | 0 | 0 | 1 | 1 | 7.2 |
| gwfri.wam | @kingneptune | 1 | 0 | 0 | 10 | 72 |
| hzlcs.wam | @alente | 0 | 0 | 1 | 1 | 7.2 |
| kdk4w.c.wam | @ekavieka | 0 | 0 | 1 | 1 | 7.2 |
| kgxri.wam | @bizventures | 0 | 1 | 0 | 2 | 14.4 |
| kwvqy.wam | @idiosyncratic1 | 0 | 1 | 0 | 2 | 14.4 |
| n4dmw.c.wam | @beststart | 0 | 1 | 0 | 2 | 14.4 |
| nbcs.wam | @successchar | 0 | 1 | 0 | 2 | 14.4 |
| p1oqu.wam | @khazrakh | 0 | 0 | 1 | 1 | 7.2 |
| rucke.c.wam | @uyobong | 0 | 0 | 1 | 1 | 7.2 |
| x.bbi.wam | @hirohurl | 0 | 0 | 1 | 1 | 7.2 |
| y2zbs.wam | @ifarmgirl | 0 | 0 | 1 | 1 | 7.2 |
| zh1xe.wam | @rzc24-nftbbg | 0 | 1 | 0 | 2 | 14.4 |
When will the payment be made?
In order to pay the dividends, we have to make a power down of the account that funds the dividends. It will take therefore about 13 weeks to get there. I believe that the payment will take place around the end of February, as soon as we have enough funds for the payment.
How will the payment be made?
People will get the payment of these dividends in the form of Hive tokens automatically to their accounts.
Will there be any other dividend payments in 2025?
Since we need to start the power down immediately, there is no more income generated by the account and we can therefore not pay any dividends anymore in 2025 a part from the big one.
Will there be other payment related to NFT's in the future?
After the big dividend payment, we will consider the NFT's to be finshed as a project and there will never be any dividend payment anymore.
Do I need to do something with the NFT?
You can do whatever you want with the CTPSB NFT's, there is no need to send it to us. You can either keep it or burn it.
What will happen with the unused Hive on the account?
There will be about 150 Hive left on the account that finances the NFT dividends. This hive will be added to the burn account of CTPSB and it will help increase the burn rate and the APR of the CTPSB token.
Final word
I hope that I have come up here with an acceptable solution for all of you. I believe that sometimes it's better to finish something that has no future rather try to keep it alive at any cost. If you don't like the solution provided here, you can write so in the comment section and I could buy back your NFT in the form of WAX tokens but in this case, you wouldn't get the dividend payment in Hive.
Learn more about the CTP Swarm Booster:
It's sad to see it go but I didn't realize that WAX made all those changes. I guess it was bound to happen eventually given the state of what WAX has changed. At least we get a payout for the NFTs.
I think that wax had issues with bot accounts and they have made account creation much more complicated and above all not free. To create an account, you need a credit card and I know that not everybody can or is willing to do it.
I was never able to create an account in WAX for that reason I could not participate, I think it is a good decision because of the little interest in the NFT's.
!LOLZ
!BBH
It doesn't really make sense anymore to go on with this NFT project when people have issues creating an account and then are not really active on this chain anyways.
I agree that it is not wise to try to continue the project.
The project has run its course, and it is time to sunset it.
Thanks for all of the hard work and dedication to the project.
Keep us posted about any new projects you develop.
!BBH !ALIVE !DOOK !INDEED
You are welcome and thanks for your support!
Yes, it's no point in spending your time on this.
Everything has an expiry date. And the solution you have provided is good.
Everyone on the list should thank achim and consider the dividend as generous bonus for doing nothing and move on.
Had hopes in the revival of the CTP community, but with time it's fading.
!PIZZA
!ALIVE
!BBH
!LOLZ
I had some hopes as well but I don't have the feeling that anything is happening at all on this front.
It's in a way sad to close this part of the project but I think it's time to move on and I believe that the solution provided doesn't make anybody lose.
Ya the solution is good and the NFT holders are getting back Hive.
It's sad that the link between Hive and WAX was discontinued. Sorry to hear about the work load. I suppose change is inevitable. I think I will hang on to my NFTs. 😉 More power to everyone in the coming new year.
Great to be !ALIVE
Happy new year 🎉
!WINE
!PIZZA
Yes, it's sad to see that it's not possible to swap hive for wax on hive-engine. This kind of killed the possibilities and then creating an account on wax requires now a credit card. These are all things that pushed me towards this decision. I'm honored that you want to keep the NFT's. They might be a nice reminder in the future :-)
I lost the track and I was not knowing that their was a dividend in past (what need to be claim).
I am ok with the amount I will recieved form the NFT now.
Thanks..
Thanks a lot for the feed-back!
Works for me. I didn't know that i had an nft or that we needed to do anything with it.
If nobody is involved then there is no point in putting in a lot of work. I haven't heard anything from CTP in the past year or so and already though it was fully abandoned.
Since Jon sold CTP, there wasn't much happening and the community kind of dissolved. Sometimes it's better to put an end to a project when it doesn't make any sense anymore to put energy into it. This energy can be used somewhere else :-)
Thank you for all your hard work on the project. I have not logged in to that WAX account in a long time. Now you can start a new project for the new year.
It's true that finishing one project opens some space for new ideas ;-)
Its sad to see the end but sometimes an end is the beginning of something new. I am ok with this change. Good luck
Thanks for your feed-back and understanding!
While it's sad the NFT side of the project is ending, it's very encouraging that even investors who are not active in the project, still got an automatic reward payment. So often these project go dark and people forget about them. I don't know the math, but it's unlikely anyone lost any crypto in this investment.
!BBH
Most of the NFT's were actually distributed as rewards for challenges and therefore most people didn't spend any money to get them. I believe it's a fair way to end this project.
(2/30)
@ctpsb!
You Are Alive so I just staked 0.1 ALIVE to your account on behalf of @iamraincrystal.
$PIZZA slices delivered:
iamraincrystal tipped ctpsb
@rzc24-nftbbg(2/5) tipped @savvytester
imfarhad tipped ctpsb
Thank you for giving us an update. No matter how dying the project is, an update like this helps. At least we now know the reason why the project will discontinue.
Looks like you will get 14.4 HIVE for your 2 NFTs for CTPSB on the WAX blockchain near the end of February 2025. 🤓😏
!HOPE !INDEED !DIY
I already forgot it.
!PIZZA
!LOLZ
lolztoken.com
The trailers
Credit: reddit
@savvytester, I sent you an $LOLZ on behalf of rzc24-nftbbg
(2/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ
You replied to the original post just 2 hours after it was published and you already forgot about the table where it says that you will get (exactly) 14.4 HIVE not later than 13 weeks after it started Powering Down the CTPSB Hive account's staked HIVE. 🤨😆
!WEIRD
!INDEED
!DIY
You can query your personal balance by
!DIYSTATSYou can query your personal balance by
!DIYSTATS(1/20)
@ctpsb!
You Are Alive so I just staked 0.1 ALIVE to your account on behalf of @imfarhad.
@ctpsb! @imfarhad likes your content! so I just sent 1 BBH to your account on behalf of @imfarhad. (1/5)
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(3/20)
@ctpsb!
You Are Alive so I just staked 0.1 ALIVE to your account on behalf of @beststart.
@ctpsb! @beststart likes your content! so I just sent 1 BBH to your account on behalf of @beststart. (3/100)
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@ctpsb! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (10/100)
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!DUO
Oh no! @ironshield, you are out of DUO!
Go acquire more Stake to increase your DUO standings.
(We will not send this error message for 24 hours).
Learn all about DUO here.
@ctpsb! @edgerik likes your content! so I just sent 1 BBH to your account on behalf of @edgerik. (23/50)
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Will be honest i completely forgot what i was suppose to do with wax. I was still trying to learn Hive and forgot all about wax, then other shit happened in real life. Logged in for the first time for ages into wax, it can get confusing for people i think.
@ctpsb have a prosperous new year
!ALIVE
!BBH
!LOL
lolztoken.com
He wanted to see if time flys while having fun.
Credit: reddit
@ctpsb, I sent you an $LOLZ on behalf of benthomaswwd
(1/8)
(8/30)
@ctpsb!
You Are Alive so I just staked 0.1 ALIVE to your account on behalf of @benthomaswwd.
@ctpsb! @benthomaswwd likes your content! so I just sent 1 BBH to your account on behalf of @benthomaswwd. (8/50)
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