There are a lot of different tribes running on Hive. The sad truth is, though, most of them are pretty much clueless about what they want to do, how to provide utility for their tokens, or even how their actual tokenomy is meant to work. Some of them suffer from an absurd amount of tokens in existence, some don't even have their own front end, and even those that do often fail to actually offer anything more than a carbon copy of the old Steemit interface. Consequently, many authors just put some random tribe tags to their articles and sell anything they gain from it. It's free money after all.
Ever since the emergence of LeoFinance, the way we look at tribes has changed a bit, though. LeoFinance proved that through commitment and hard work a tribe can become a lot more than just a second layer to the Hive interface. The value of LEO consequently went through the roof. So far, no other tribe managed to get even near LeoFinance's success. The truth is, we might never see another tribe explode in a way that LeoFinance did but that might not be necessary, either. To me, one of the most interesting tribes we have on Hive is Click Track Profit (CTP).
I've known about the CTP tribe for a while now but for most of the time, it shared the same fate as most of the other tribes - it was just a tag I used because I could. Some weeks ago, though, I stumbled across a post by @achim03 and that was when I really started to understand the potential of CTP. So what is the tribe all about? Well, it's a tribe of affiliate marketers, online businesses and entrepreneurs. Basically, anybody trying to build anything for himself is welcome to join the community. According to @jongolson, the guy behind the CTP-token, they won't discriminate on that matter. If you consider yourself an entrepreneur and want to share your story, you are free to do so.
I really like the concept and I think it's cool to take a broader approach to the term entrepreneurship. In a way, I'm trying to build something in the crypto world as well - myself. I try to establish myself as somebody you come to whenever you want to learn about the newest crypto games and that you will check out before diving into a new game. I use referral-links whenever they make sense and thus, I do affiliate marketing in a way, I'm doing online business, and I'm certainly trying to build a community. So now that we established what the tribe is all about, the question remains what differentiates it from all those generic tribes out there. The short answer would be "because they are doing things better than the rest!" but I'm no guy for short answers, so let me get into some more detail for you!
First of all, they have that massive road map laid out for the whole of 2021. Their front end is being completely reworked and will receive a lot of new features. They'll be able to monetize ads which will be used to buy back CTP-tokens and burn them. And they are hellbent on creating value for their token, adding new features and projects left and right. It might not be as ambitious as what LeoFinance has planned for 2021, but it's certainly more and better than what you'll see from most other tribes combined this year!
Another big plus for CTP is that they got their tokenomics right. Where some of the other tribes created billions of tokens, try to simulate an actual market with buy and sell orders, while giving their own articles upvotes worth hundreds of their own tribe's tokens, CTP did none of that. There are 2,744,000 CTP-tokens in existence and only about 280,000 (~roughly 10%) of them are not staked. This is something that helped LeoFinance a lot and it's doing the same for CTP. If you drown everybody in your token, it will have a hard time to ever be worth anything, even if you try to manipulate the market yourself. But if you make it scarce and handle inflation right (40% in 2021, less in each successive year), it will build a market for itself.
Right now, this is working extraordinary well for CTP. More and more people are picking up the news about this tribe's huge potential and with the low liquid supply, it's getting harder and harder to buy your share of tokens. CTP has been traded around 0.1 Hive per token for quite a while, but in recent days the price is going up and up, more than doubling in just a week.
So will we see a pump and dump scenario unfold? Short term, this might very well happen. The market volume is still pretty low, so larger trades can easily swing the market around 50% or more. I'm not worried about that at all, though. The fundamentals are sound and long term I believe the token to get a lot closer to or even higher than a 1:1 ratio with Hive. What's really making me hopeful is the fact that it's so hard to actually buy the token without causing strong movements in the market. There are very few users willing to sell any actual amount of CTP-tokens. A lot of the sell actions are just small amounts of CTP-tokens, probably coming from curation rewards or post pay outs by people that just added CTP as a tag but don't care about the tribe (yet).
As always with these kinds of articles, this is obviously no financial advise and I might be completely off with my assessment of how things are going. Nevertheless, I'm quite confident we are seeing a second LeoFinance in the making and I feel like it's not too late to get on board early. I've already accumulated close to 9,000 CTP on my curation account (aptly misspelled as @khazrakh.cpt) and I intend to get a lot more over the coming weeks and months.
That's all from me for today, thank you all for reading and see you next time!