CELT 2019 edition
CELT 2019
The Report sheet:
CELT account reports its balances each week at:
https://docs.google.com/spreadsheets/d/1MpZ_haM5ZkaC_j1GIKTRvisFRvkogfGWjavNPqS6LB0/edit?usp=sharing
history graph:
As you can clearly see we're trending up, mostly because we've gotten new people buying and funding CELT.
CELT as a service:
Going forward in 2019, CELT will be offered as a market maker. This meaning that if a token/coin wants to be market made CELT style they will pay a sub fee, atm it's 0.5 btc worth of native tokens to get added. This and rates are prone to change and will evolve into a monthly sub thing.
Atm we've succesfully gotten PASS and JET into the CELT model.
If you want to add a token to the CELT market making bot fund please reach out to me on telegram.
CELT as a dividend token
I am planning to do a tokenswap around end of month, to create a smart contract with more extended functionallity. It will enable you to receive eth dividents at the contract for holding CELT. Do mind that the majority of divs will likely happen from the fact that tokens sign up for the CELT market maker service.
As CELT's strategy on it's own is a long term viable strategy, short term it will not likely be, turning CELT into a service is key to the funds succes and divs payouts.
Dividends will probably be considered on a monthly basis. and you will be able to fetch them at the smart contract. details on this when that contract is actually finished.
CELT's trading algo
Atm we're still searching for the most optimal parameters, it's a work in progress, the trading algo will also be improved as we move along.
The main take on the algo is to buy low and sell high, with limit orders. COSS users will have a better rate to trade their tokens at this way.
Where can I buy and sell my CELT?
https://celt.dvx.me/
If you want to sell CELT but there isn't enough eth in the contract contact me on telegram or discord.
How much volume has CELT created so for on coss for the last 30 days?
since we're using CFT for our trading we could make an estimate on this.
we've burned through 1000 CFT's +/- so far
calculating that 1 cft is 0.08 USD. at fee rate 0.06% this would result in a volume generated of 130k USD volume?
The roadmap
- code new CELT tokencontract with extended functionallity
- Do tokenswap
- Improve trading algo
- Sell more CELT to do better market making
- code a way to see the volume CELT created on COSS
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