And especially long term holders.
No point in denying the obvious with the token price down 95% over the year and down 99% from it's ATH.
The team had grand visions for $CUB in the early days but it became the neglected child of the family when the newer and shinier products were being rolled out like PolyCUB.
The team tried a few new updates with kingdoms and other way to stabilize the price but it just kept dropping.
All-Time High $3.96 -99.2%
Apr 16, 2021 (over 1 year)
All-Time Low $0.02147540 48.5%
Jul 03, 2022 (25 days)
It doesn't look good when you just analyze the price. It never does.
But that's why so many people lose money in crypto. They just follow the crowd and sell red markets before going back to buy later when the FOMO kicks in and the prices rise.
The Leofinance team has been promising big changes to the system ever since polyCub launched and this week we are starting to see them come good on their promises.
They have just launched the first of three big updates to the site with the addition of three new Hive based farms.
BHBD - BUSD
BHIVE - CUB
BHBD - CUB
The full details for what is happening can be found here,
But the main parts about $CUB are these.
The release of these new farms signals phase 1 of CUB V2. Phase 2 is on the way and will feature a lot of the things you see on PolyCUB.
Multi-Token Bridge Revenue is deployed. On CUB, the MTB revenue buys CUB and burns it permanently from the supply.
We're projecting that we'll burn about 500k CUB within the first 1-2 months of CUB V2.
That's more CUB burned in 1-2 months than the entire history of the platform. All thanks to MTB Revenue.
This has stopped the freefall of the price as people bought up CUB to take advantage of the latest farms and I would expect the price to start creeping back up over the next few months if the site can keep burning CUB in the expected quantities.
This is all great news for $CUB
With the price of $CUB dipping as low as 2c in the last few weeks it would have been irresponsible not to keep buying up more tokens.
I had built my stack as high as 120k in the dip before taking out some to provide liquidity in the new pools and and get some of that sweet 1000% APR while it was there.
I managed to get into them nice and early.
So early that I was providing 50% of the liquidity for the BHBD - CUB farm at one stage.
Early is good.
Now I can leave my investments to sit there for a while and watch the prices start to come back up as the updates get to work.
Now I just hope that there is time to buy more $CUB before it all comes together.
Posted Using LeoFinance Beta
