Welcome to the Creative Coin Fund Investor Report.
The annual percentage rate for CCC delegations to the Fund (
This week one new investor joined the team, and nine increased the size of their delegation. Our total delegations now stand at 1,030,375 CCC from 55 delegators.
Here's our current list of delegators and the payout they received this week. Names in bold indicate a new investor, while names in italics indicate an increase in delegation.
Thank you all! Our collective staked Creative Coin for curating is now 1,143,490.
Market Updates
The purpose of the Creative Coin Fund is to provide the artists of Hive with a substantial CCC upvote, and to make that vote meaningful by supporting the steadily rising price of Creative Coin.
We're supporting the price of CCC with three mechanisms:
The daily market purchase is a market order for CCC of 5 to 10 Hive daily.
- Through December 16: minimum 6 Hive
The base buy-in order is a limit order meant to establish the price support for the market. The buy-in order is updated weekly on Thursdays.
- Current Price: .001000
- Order Size: 47.5 Hive for 47,500 CCC
The daily limit order is a buy set daily at a price above the base buy-in order.
- Current Price: .002500
- Order Size: 12.5 Hive for 5,000 CCC
The price of our token has rebounded nicely after the last major sell-off on November 27, as this chart from Tribaldex illustrates:
Thank you to all the buyers in the market, and the hodlers as well. Not only has the price increased, but the volume has also dropped considerably – not many of us are selling right now.
As we speculated in last week's Investor Report, the mooning Hive price significantly reduced the amount of Hive we were able to purchase with the biweekly fiat contribution on December 2. This has cut our daily market purchase to less than half of what it has been; we hope to return to our normal range of 10 to 15 Hive on December 16.
We have 47.5 Hive to add to the buy-in order this Thursday. We will evaluate market conditions at the time to determine our price and order size. Our target is a limit order at .0025 for 38,000 CCC.
We continue to fund the daily limit order through the sale of our liquid CCC earnings and H-E token drips and earnings. We cap that order at 5,000 CCC and place it above the highest limit order when we've built up enough Hive to do so. It is always placed above our buy-in price, when that order is standing.
Increase in Delegation APR
The annual percentage rate for CCC delegations to the fund is variable. Each month on the first, we review the average price of Creative Coin for the preceding two months. When the average price is trending down, the percentage rate increases by 2 percent, to further incentivize investment in CCC and support a reversal of the trend.
The average price of Creative Coin fell 23.6 percent in November compared to October, from .00316453 to .00241704, so the rate for December has been increased to 29 percent, beginning with this week's payout.
When the trend reverses, the percentage rate will fall back by 1 percent monthly, until it reaches the base rate of 21 percent.
The Work Continues
Beyond the increase in delegation APR, there is nothing substantial to report this week. We continue to work on developing, community building, and enhancing the value of Creative Coin.
Here's a brief rundown of a few projects in progress:
This Is Creative community curation bot – We've staked up 500 ARCHON and defined the specifications for a community-controlled voting bot, which, when the build by the Archon Tribe is complete, the Fund will make available to CCC stakeholders who have at least 10,000 CCC staked.
New Creative Coin Front End – Creative Coin Fund developer
continues to work on a reliable front end for the Creative Coin community. Plans are to host the front end on his server, instead of Hive Engine.
Token Partnership? – We're exploring the possibility of a token partnership between CCC (through the Creative Coin Fund) and another creative token. We think this development could be huge.
Stay tuned!
Thank You
Thank you everyone for your support. Be sure to read the latest Creative Coin Newsletter to stay informed, and stop by the Creative Coin Discord to get in touch.
