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:
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.
April has finished. Time for a recap.
A new month a new CITYUPDATE. Please see above the monthly newsletter of CITYUPTAKE.
April was a very successful month with regards to the growth of the amount of CITYUPTAKE tokens in circulation. Apparently consistent solid are becoming more popular nowadays. It is good to be part of a project that turns market volatility into rewards for its token holders..
Month 16 the month of recovery
With the ending of the 16th months of the 111 Months challenge, it is time for a new recap. While the end of month 15 was a drop back due to the value drop of Crypto and the general impact of the COVID19 on the market, April shows the month of recovery.
Having significantly increased my holdings of CITYUPTAKE, CITY Alpha & Pi Token, I have been building further on solid increase of passive income, this doesn’t show yet due to the low value of crypto still in the majority of April.
Besides that being appointed Community Node for COTI, allows a significantly higher amount to be staked and also the start of staking BTT in Dlive brings some great expectations for the future.
So with all the above, there is great trust that soon we will reach a passive income equal of 15% or more of the final goal.
A great recovery of Crypto values and a decent recovery of share values has boosted the wealth. On top of that a considerable investment was done in COTI to fill up the granted staking slots, which resulted in some everyday cost cutting but resulted in a nice wealth boost.
Due to COVID actions, salary was temporay cut, but also loan repayments were stalled by the government. This kept the monthly spendable income on par, but the result was that loans are not being re-payed, slowing down the decreasing of the loans as part of the financial overview.
To further balance the wealth portfolio, I have also started stocking up precious metals like gold and silver, to have create an easy to liquidate portion of my wealth with a stable value.
Reviewed through the numbers
This graph gives a good view on the consistency of rewards for holding CITYUPTAKE tokens while the portion of the total circulating supply decreases (dillution). The rewards recently consistently hover between 800 and 900 TRX per week.
This graph indicates the total rewards paid out week by week, it is clear that it is just a matter of time until the weekly 400k TRX paid out will be passed.
Continuously growing cumulative rewards have been increasing steadily and will surpass 25 Million TRX in the second half of May.
Break down of the weekly income distribution
In light of transparency the income distribution of the Pi-token is openly shared.
In the graphic above it can be seen that roughly 60% of the income received has been distributed to the holders of Pi-tokens directly.
Roughly 30% went to the reserve wallet, which is used to maintain enough buffer to be able to have holders return their Pi token for a 1:1 swap with TRX and to build a rewards payment reserve to establish trust.
Around 10% is used for maintaining and supporting the ECO-System of The Crypto Universe.
The Pi-token can be bought through Seedit in the Promille Telegram channel.
In that same Channel we now have a weekly and monthly gaming competition with Crypto prices to attract more traffic to the channel.
Carpathian Basin has been selected as the future Community Node on the COTI blockchain.
This is the start of a new chapter. As of yesterday April 24th, Carpathian Basin has been selected to become the next Community Node in the COTI blockchain as laid out in the message in the COTI telegram channel yesterday.
This is a big honor but also a big responsibility. In the coming days, we will find out the exact requirements of running the Community Node and the difference between running our node on the COTI Testnet.
We will create a plan on how we can support the COTI blockchain in optima forma and for that purpose, we will extend our COTI node page on the website with an introduction of the team (done), a roadmap of our plans to support COTI and detailed info about COTI in order to introduce new people to this great Blockchain.
For now we would like to thank the people who put their trust in us and voted for us. We will honor that trust with our hard work to contribute to the mass adoption of COTI as the “Coin of the Internet”.
A small introduction to Pi-token as part of the Carpathian Basin eco-system
As part of The Crypto Universe, we have have created the Pi-token. With this it has become an integral part of Carpathian Basin ecosystem and it got its own place in our website, next to COTI and CITYUPTAKE.
Pi-token is a token on the TRON blockchain, which enables people, with lower amounts of $TRX or people who do not like to do KYC a possibility to earn some nice rewards while not having their funds at risk as the token is pegged 1:1 with TRX.
75 days after it has started paying rewards, the circulating supply of Pi has grown to 789k tokens:
In that period a total of 18.8k TRX has been payed out to the holders of Pi-tokens and the daily payment amount is growing day by day:
The Pi-token is funded by holding reward generating tokens and these rewards are then used in the following way:
In the week of April 19, a total income was received of 4,105 TRX. Out of this close to 10% (408 TRX) was move to the founders wallet to maintain the eco-system.
2,449 TRX was shared with the holders of Pi-tokens (average close to 350 TRX per day).
45 TRX worth of crypto was paid out to players of our weekly gaming competition in the channel.
1,202 TRX was moved to our reserve wallet, which is in place to fund the flexibility of offering a 1:1 peg to TRX.
As visible in the graphic above, close to 79% of the holders have chosen to switch on auto-buy as this results in automatic compounded carefree growth of the amount of Crypto held.
Carpathian basin is running for mainnet community node on $COTI blockchain. Please use this link https://forms.gle/MXX2176hc72NUWwo6 to vote for us
The $COTI blockchain, one of the projects we are engaged with has opened a voting to decide on the next Mainnet Node to be switched on:
We have put in our candidacy and are collecting votes. This is a unique and very democratic way to decide on who will be the next mainnet node and as Carpathian Basin, we are proud to be part of this process.
Voting can be done through this link:
And if you think we would be a good candidate, vote for @Carapthian:
After CITYUPTAKE and COTI, I have started intense participation in a third Cryptocurrency project. The project is called The Crypto Universe. The intention of The Crypto Universe is to be a platform to help people who are new to or inexperienced with Blockchain and Cryptocurrency specificly to land in the big bad world called Crypto.
The Crypto Universe website consists of several sections, which will be filled with content gradually.
The roadmap describes them one by one and the first section which has already gone live is the Promille Project:
The Promille Project is the part of our Eco-system which will contain a variation of Tokens to the benefit of its holders. The first token created in the Promille Project is the Pi-Token. The Pi-Token is a token which uses invested TRX to create a passive income, while guaranteeing the value of the invested TRX. “Building Trust through Transparency”. The white paper explains this in much more details:
The Token was created on 02-02-2020 and has been paying out rewards for close to two Months now, which was on of the reasons for a summary of the achievements so far.
More features of The Crypto Universe will come and more info about the Pi-Token can be found here: https://t.me/promille_project In time The Crypto Universe will get its own section in the Carpathian Basin website.