In this clip from last week's AMA, we wrap up by talking about the CUB tokenomics and how they're being vastly improved by the new IDO ecosystem.
There have been 3 major stages or "versions" of CUB:
- Initial Launch of CUB
- Migration of CUB From Unsustainable (Goose) to Sustainable (Autofarm) Yield Platform - Kingdoms
- IDOs - Creating a CUB-based Launchpad Ecosystem
IDOs are initial dex offerings. Any token can utilize the permissionless IDO contracts we've built for CUB and launch using our framework.
This allows tokens to gain initial liquidity. The entrance fee is raising via CUB IDO requires CUB-BUSD to be the deposit token to participate.
By taking CUB-BUSD tokens as the IDO raise, 50% of the CUB gets burned automatically and the 50% BUSD that is raised goes to the creators (the team launching the IDO) to use for their initial platform liquidity.
This model will bring an immense token burn to the CUB platform and most importantly: create a dilemma for CUB token hodlers - how to participate in upcoming IDOs while still maintaining a solid CUB position. Buy more tokens to participate or utilize and burn your stack down to get into pre-launch IDOs via smart contract.
CUB has gone through so many major platform changes and the fun is only beginning!
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