It's been a while since the last CCD burn report, so I wanted to report again.
As many people know, 100% of the CCD used for the CryptoCompany Voting Service (Yes! Click on it! It is your personal "money glitch"!) is currently being burned. Regular it is only 20%, but I welcome the current bonus burn phase to reduce the amount of available CCD on the market. That's why I'm not even thinking about switching to the actual 20% at the moment. Anyway... a brief overview of the burn activity:
Burned so far:
With burn #1 the voter burned 52,270.000 CCD.
With burn #2 the voter burned 432,500.000 CCD.
With the actual happening (burn #3) I burned 789,130.000 CCD.
So actually the Voting Service burned 1,273,900.000 CCD.
This is a rounded 3.17% of the current maximum circulating CCD (40,149,400.000 CCD).Link to the actual campfire:
https://he.dtools.dev/tx/e5fce7b00c9f312ac798dbfda9c9fe4a8f00ccdf
Complete CCD burn history:
https://he.dtools.dev/@null?symbol=CCD
Let us think about, do some rough calculations and gain some info about the CryptoCompany Voting Service:
When I think about the ROI of the Voting Service and how much HP & HBD we brought to the Hivians because of this... The voter had 1,823 votes so far. This means a little less than 700 CCD per vote. 700 CCD had an initial price of 0.7 HIVE. Actually you can be lucky when you buy 700 CCD for 0.35 HIVE. 0.35 Hive is how many USD? Right: actually less then 0.07 USC cent!
But according to the rough estimation of the CCCEO website a 700 CCD vote is around 0.8 USD/HTU (but only costs a fraction of this - that is the awesome thing about the voter!), without counted the value of the votes from the following trail. Aaaand: this calculation script was written a loooong time ago. But nowadays there are much more HP within the Voter and the script never adapted to this...
Do you see why you should use the voter???
So let's be careful and say it is 0.9 USD/HTU (I see on daily looking that this is easily more than 1 to 1.1 HTU/USD... however, let's be careful and assume 0.9 HTU/USD. [But in reality it is more 1 to 1.1 HTU/USD with all the trail accounts - depends on the HIVE price]). 1,823 votes x 0.9 USD/HTU is 1,640.7 HTU/USD... Without the votes from the trail...
The voter works since 15.01.2024 - so since 200 days. When we don't exclude the days where the voter paused because of the regenerating mana. Without excluding these days we are at 8.2035 HTU/USD per day. And to complement all: 1.823 votes divided by 200 days is 9.115 votes per day.
I thought I just make it a small notation, but the following deserves the biggest headline:
Paul is thinking: damn! This voter is soo fooo profitable... why I don't make it more "expensive"... Actually you pay 0.07 USD cent and get 0.9 to 1.1 HTU/USD? Am I stupid? No wonder I don't earn money with CryptoCompany... With this kind of services... Did I make a failure here in the calculation? Paul???! (No, I don't think so. It's because of the low price of CCD [buy them all! NOW! Look how awesome you can use them!] and the low price of HIVE...) Another main reason: Do you know that I never raised the price for usage, but have several 10 thousands HP more for the voter since I started him? Use the voter as long I am distracted on other tasks and don't find the time to adapt the prices... The voter is CRAZY! Be nice to your friends and tell them...!
I staked 300K CCD, just to improve my upvote options. Very happy with the decision.
[@PowerPaul:] I agree with you & I assume so.
It makes me happy when I can strengthen our Hive community!
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He drank his coffee before it was cool.
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Burning CCD for value, wile creating scarcity. It's a win win!
[@PowerPaul:] Yeah, there was a lot of happenings which delayed a lot of stuff & the publishing of use cases. So I am behind of how the token distribution/usage/use cases should be. But slowly CCCEO grows in the situation where it should be. There is still a way to go, but i am very happy that the voter is doing its part... But sure: only one step of many.
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Keep up the great work bro 👍
Keep on banging 🤩 !LOLZ
Please visit www.mdasein.com
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They raise the roof.
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[@PowerPaul:] Thank you!
I will do so!
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An stable CCD is the need of CCEO economy, it must have a great value and price.
[@PowerPaul:] I agree with you. And this burn is only one small step - there is still a long way to go to establish things.
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but you didn't like it.
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It really is an exceptional value. I have also started to add a tiny bit more to the liquidity pools. I plan to do more of that once I reach my CCD goals. I absolutely love it.
I also plan to increase my HP delegations as well.
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[@PowerPaul:] Sounds like honey! Awesome! Thank you very much!
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They log in.
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Whenever this kind of burning happens, the prices seem to go up and the project is also going very well and interesting.
[@PowerPaul:] Thank you for the compliment! Yeah, the available amount is still pretty high - but I work on further use cases to face that.
DJ, have a great day!
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@tipu curate
Upvoted 👌 (Mana: 43/53) Liquid rewards.