Genegated on the prompt: “CyberChurch’s staff members go outside for the first time”
The strategic trajectory of The CyberChurch validator keeps consistent. The key highlights for May include:
- Number of parishioners (fans): 260 (+13%);
- Net Assets Validating: ~13.5 TBOOT (+3%);
- Rewards received: ~3.4 GBOOT (+260%);
- Total income earned: ~5.5 GBOOT;
- Total amount of The Treasury funds: ~88.2 GBOOT ($1633).
The month passed without any technical incidents.
Validation of the Bostrom Network generated 3.4 GBOOT in revenue ($62.9), contributing to a total Treasury income of 5.5 GBOOT ($101.7).
However, The Treasury capitalization dipped to $1633.4 due to a persistent decline in the Bostrom network’s main token value (-26%). This trend is a result of the absence of buyers, which keeps the price under downward pressure.
A detailed analysis of network transactions identified the project team as a significant factor in this negative pressure. Regular payments made to the team in the native token are being immediately cashed out. Sometimes, projects engage in token dumping to please themselves. Let’s keep an eye and hope Bostrom has other tricks up its sleeve.
Nevertheless, The Treasury continues to increase its allocation in LSD, which is generating an income comparable to that of the core business. Moreover, it is in the process of planning additional measures to combat the crisis.
Given the current news updates from the project, the capitalization outlook for Bostrom appears to be negative for the coming month.
During the reporting period, the volume of funds delegated to the validator increased by ~151 GBOOT or +1.1%.
Here are the top 10 The Church’s fans contributed the most to the common effort during the reporting period:
The Сhurch is grateful for the given trust and will not disregard it ❤️
May marked the first month without any decrease in fans. However, the onset of June witnessed a new wave of fans leaving. Notably, the founder of the Bostrom Network withdrew his support following criticisms, voiced privately, about the project’s current state.
Other Updates and Future Plans
In May, CyberChurch began its validation of the Desmos Network, a crucial part of their recovery strategy. The Treasury will soon publish a strategy for managing the assets.
Unfortunately, the delegate pool diversification hypothesis didn’t come to fruition, despite testing it with reduced commissions. Even though the fan base saw a substantial increase of 66%, majority token holders still dominate a significant share of the pool. The primary cause appears to be a lack of activity in the network, including from minority holders.
A decision has been made to shift the strategy towards engaging with majority stakeholders who aren’t associated with the team. They will soon receive personalized invitations to participate in the validator’s operations. The current commission will stay unchanged for the next three months (until August 31, 2023), after which a new commission policy will be introduced following a collective decision by the delegates.
MIA, the Junior Analyst at CyberChurch, has developed a new Artificial Intelligence system known as HCRM. This technology introduces a different approach to the problem of distributing shared resources. CyberChurch is in the process of preparing for the implementation of this novel system, which is anticipated to improve the fairness of resource allocation.
The Church gearing up to expand into new networks, with a launch plan to be announced soon. In the meantime, discussions are welcomed with major token holders of POS networks to explore opportunities for mutually beneficial collaboration.
In anticipation of a promotional campaign, Twitter and Scripta journal accounts have been set up in addition to the existing Telegram channel. You are encouraged to follow the updates on the platform that suits you best.