First sponsor event

Carpathian Basin evolves. After founding the company, Carpathian Basin announced the first sponsorship.

Commercial banner with CB logo

Today the first press even of Fast Bullets is happening. This event is connected to a go-kart competition in the Kecskemét Go-Kart hotel. Carpathian Basin is one of the proud sponsors of this event.

Go-Kart hotel

As Carpathian Basin is one of the founding members of TRonNetwork.store. This event is also a great chance to get the name of TNS and with that the name of TRON to a group of no-coiners.

Goodie package with TNS discount code

One of the goals of Carpathian Basin is to bring no-coiners into crypto and this event is one of the ways to make this happen.

ORION PROTOCOL

Legal framework for the Carpathian Brokerage for the Orion Protocol

Using the Carpathian Node on COTI Blockchain as a proof of concept, now preparations are on the way to set up a collaborative node on Orion Protocol as well.
The legal framework is on the way to finalization and the participants have been found.

This will be one of the first Democratic run collaborative nodes on the Orion Protocol

October

August

August was the month of the founding of Carpathian Basin Ltd (Kft.) This marks the first big milestone in the road map for Carpathian basin. Besides managing the investment portfolio, Carpathian Basin will become the home of several Blockchain projects. The first being running the Carpathian Node on COTI blockchain.

September

September is the month of disappointment with the fall of CITYUPTAKE, which forces new directions and re-evaluations of actions taken so far.

October

October will be the month of excitement, with the official launch of the newest project being born in the Carpathian Basin set up. The intention is that this little offspring will grow up soon and will be able to stand on its own legs very rapidly. More details will follow!!

Change of direction

Sometimes in life you get roadblocks or setbacks, which hit pretty hard when they occur, but soon after teach you valuable information.

The issues with CITYUPTAKE (how ever the end will be) have thought me to act more on my discomfort with little things, some would call them red flags.

The other learning is, when becoming part of a team, always strive for full transparency with open and consistent communication.

Being part of the CITYUPTAKE agent team has led to a big loss in funds, how big is still to be seen, but even more importantly my name has been connected to a project which has left a bad smell. People have lost funds by a project represented by me.

So no more huge ambitious projects as a team member where the requirements of transparency and communication are not met. There where I would handle the assets of other people this will only be done in a solid and legal structured in full transparency.

With having Carpathian Basin Kft. (Ltd) established the framework for this has been set. The Carpathian COTI node cooperative will be upgraded from legal point of view and this will become a blue print for other small scale Node cooperations in other blockchains like Orion Protocol.

Besides that another project is in preparation with a solid team of trusted professionals. This one will launch on October first and more details will follow.

Finally all efforts will be put in place to recover as much funds as possible for the investors in the Pi token who got severely impacted by the CITYUPTAKE happening.

First sponsorship event

First sponsor event for Carpathian Basin

Event poster for Fast Bullet pre-announcement event

The first event under sponsorship of Carpathian Basin is on its way. September 26, we will attend the Go-Kart competition where the plans for Fast Bullets Hungary 2021 will be announced. A great opportunity to familiarize car fanatics with the world of Blockchain.

#111Months – 19

Dashboard of months 19 of the #111Months initiative

19 out of the 111 Months have passed and progress of the road to early retirement is great. Both wealth building and passive income generation are well on track. The value of crypto on August first created a big boost in the wealth department and the success of COTI and Dice tokens, next to the continuous performance of CITYUPTAKE has resulted in the best passive income generating month so far:

Orion protocol

Will ORN be the next node / brokerage for Carpathian Basin?

Orion Terminal screenshot

After COTI, the next blockchain in focus now is the Orion Protocol. Orion is a relatively new blockchain. The purpose of Orion Protocal is providing a platform for traders looking for the best exchange for executing a trade.

Roadmap of Orion Protocol

Currently the Orion Terminal is in closed Beta and there is a staking initiative on KuCoin with a 40% APR.

Tokenomics and token release schedule

So how does it work, as a token holder you will either be able to stake at a brokerage or become a brokerage (minimum 10k ORN required). If your brokerage is used for the transaction of the trade which occured on the Orion Terminal, you will get the trading fee, which has to be shared with the stakers into your brokerage.

Orion explained

After COTI, this will be the next blockchain in focus to establish a node (brokerage).

Fast Bullets

Carpathian Basin is now engaging its first sponsorship

Carpathian Basin, which is no in the process of becoming an official incorporated Company in Hungary has made a sponsorship deal with Fast Bullets Hungary Rally.

Fast Bullets is a rally through Hungary inspired by the gumball race. This rally will take place in August 2021 and Carpathian Basin decided to become a sponsor to look for further Crypto adoption in Hungary.

The first pre-race event will be in September, where Carpathian Basin will be present in person and on the event flyers and merchandise.

In the upcoming year we will be looking for other crypto projects to join in this sponsorship to get the crypto name out there in Hungary.

Phi-token

The dashboard of the Phi token gives a good status review of the Phi token Ecosystem

Phi token dashboard for August 12

Phi Token is the loyalty token of the Promille project. If you are holding Pi-token (Pi is a TRC 10 token on the TRON Blockchain, providing a weekly dividend of 0,314% to it’s holders), you will be eligible to receive Phi loyalty tokens during the monthly airdrop over a period of 18 Months.

The first Phi token drop happened on August 2nd and the next will happen on September 2nd. The purpose of Phi is to reward early adopters of Pi-token by airdropping them this loyalty token, which will benefit from the growth of the Pi-token ecosystem.

So how does it work?

Every months 30% of the value growth (in $TRX) of the Pi reserve wallet is used to fund the loyalty token. This amount of TRX is used to mint new Phi tokens and the TRX is moved to the Phi reward wallet to invest in reward generating tokens.
The value of 1 minted Phi at the first airdrop was 1 TRX. In total 4760 Phi tokens were minted and proportionally distributed over holders of Pi tokens and 4760 TRX was moved to the rewards wallet. During the second airdrop the value of 1 minted Phi will be 1.025 TRX. This means more TRX per minted Phi will be send to the Phi rewards wallet. With every airdrop the value of minted Phi will increase with 0.025 TRX.

From the rewards received in the rewards wallet, 50% is paid out weekly as dividend to Phi token holders and 50% is reinvested in reward generating tokens.

This means we have two processes increasing the value of Phi by increasing the value of the rewards wallet:
1. Increasing value of minted Phi
2. Reinvesting 50% of the rewards into the rewards wallet.

With this we want to achieve an ever increasing value of Phi, with an ever increasing amount of weekly dividend paid to Phi holders.

Dashboard explained

Phi dashboard

The Dashboard consist of a lot of info.

The PHI Eco system shows what are the main pillars of Phi:
– Funded by reserve wallet growth
– Funded by 50% rewards reinvestment into the Phi
– It is paying weekly dividends to its holders

The Phi wallet of reward tokens shows the total amount of value in the rewards wallet (4,802 TRX as per Aug 12) and in which reward generating tokens or activities these 4,802 are used and in which proportion

General data of PHI Eco system shows the following key numbers:
– 4,760 Phi in circulation
– 22.49 $TRX paid in weekly dividends
– 1.009 Current value of 1 Phi (value of rewards wallet / Phi in circulation)

The block charts show the following info
– The amount of Phi airdropped per month (4,760 in August)
– The value of Phi and how it progresses on a weekly base
– The total of dividends paid out
– The weekly dividend paid per 1k Phi, which will show an increasing trend over time

The expectation for the next drop section is there for expectation management. It shows 4 circles which indicate the worst case situation for the next monthly drop of Phi. This will always improve as the month progresses.
– 2,248 $TRX this is 30% of the reserve wallet growth to date since the last drop, so this is the minimum amount of fresh $TRX to be injected into the Phi Eco system, but this will grow over time.
– 1.025 $TRX is the value of the one Phi minted for the next airdrop
– 2,369 $Phi is the minimum amount of Phi that will be dropped during the next monthly drop based on the amount of TRX (2,248) and the value of Phi (1.025) as the amount of TRX allocated for the drop will grow, also the amount of Phi to be dropped will grow.
– 685 $Pi is showing the minimum amount of Pi you need to hold to receive a Phi token. As the amount of Phi to be dropped will grow, the amount of Pi to be held will decrease as the month progresses.

Purpose of PHI

The purpose of Phi token is to award early holders of Pi token with a token which has an appreciating nature based on the success of the Pi token Eco system.

Passive income progress

The year of building passive income, how is the progress so far?

Time for another update on my passive income generators. In the last one and a half month two of the passive income generating coins have reached the target level set out at the beginning of the year and another token is added to the family of income generating coins.

Through continuous compounding where possible (mainly on the TRON Blockchain tokens), the USD value received per day increases (Blue) and the TRX value received per day (Green) as well. As some rewards are weekly or monthly and most daily, I have chosen to use the 7 days average to measure the progress.

Passive income on TRON blockchain since Jan 2019

The other major source of passive income is COTI. Unfortunately the staking rewards received by running a Community Node cannot be compounded, but with the current (and expected future) value increase of the COTI token, it will be contributing to both wealth increase and passive income significantly!

It seems the target size of the token bags for the end of the year are realistic. As planned this year has been the year of putting in place a solid foundation for passive income generation.