Polycub was launched in early March, and since then the inflation has been halving every 30 days. Now 6 months later over 96% of the total supply has already been printed, with each halving printing less and less polycub it will take a long time to print the remaining supply.
Sustainability takes over
So far Polycub has been relying on inflation to pay out rewards but that will soon change as inflation slows down so much that it will no longer be able to fully sustain attractive APRs. In order to help boost rewards, the revenue generated by the Bridge, the oracle staking, kingdoms fees, and the arbitrage bot will buy back polycub and distribute it among the various farms, kingdoms, XPolycub, and Vexpolycub.
Not much polycub left
There's only 4% of the total supply left to be printed, this means that every new dollar that comes into polycub will have to be bought from the current token holders which will have a positive price impact.
The investors that took advantage of the early high APRs from inflation and dumped it on the market are gone in search of new opportunities and only the people who believe in the long-term success of Polycub are left.
Most of the polycub being bought back will end up with the Diamond paws that are not willing to dump it back into the market. Some of it will go directly into the Vexpolycub contract to be locked for almost two years before it can ever be sold again. Creating a positive feedback loop for the price.
Will it go back to $1?
- Very low supply left
- Turns deflationary in September
- Sustainable buybacks from the revenue generated
- Lending coming soon
We're at a major inflection point for Polycub the recent Hive and HBD pumps really hurt the price, this is a great buying opportunity.
Once the price starts going up there is no going back, it will grow quite rapidly at first, and then it will slow down over time. Reaching one dollar won't be easy we would need 300K of buying pressure without any selling on the USDC pool alone to reach that but as the price grows people will start to FOMO and more people will join.
I'm confident that It will reach $1, it's just a matter of when! That's the best part about investing in a sustainable project, you just have to sit tight and wait.
All of this assumes that the team will keep on improving Polycub and generating revenue for the project.
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