Last week my neighbors daughter that I told about hive blockchain asked me about the sustainability of the blockchain and I told her that hive is a decentralized ecosystem that'll last beyond a century. I wasn't joking when I said more than a century, this is because of the innovations and creativities that owners of communities are bringing into the blockchain on a daily basis.
Source: Canva Edited
In December, and his team came up with the Oneup cartel and this has been a mind blowing initiatives from the 1up community. Today
led by the
has brought what seems like nothing to become a blessing to author's with creative contents.
This March has seen the launching of two different tokens within the hive blockchain: PolyCUB airdrop launch three weeks ago and the LARYNX airdrop launch last week. This two airdrops have the potential to take to the next level.
Hive as a token has been struggling since January but it's evident today that it's rising, if you look closely, you'll see that this is as a result of the launch of these two tokens in this March.
Let's forget about larynx airdrop and concentrate on the benefits of PolyCUB and xPolyCub to the hive blockchain.
PolyCUB as we all know is a DeFi 2.0 yield optimizing platform that's designed to bring more profits to LeoFinance and the Hive blockchain in the long run.
The designers of the PolyCUB project deviated from the usual DeFi 1.0 which gives investors the opportunity to stake and immediately receive their rewards once the price of the token hikes.
For PolyCUB, it has a means of regulating the activities of early harvesters that are impatient to wait until the x block locking period. Early harvesters have to scale through the huddles of early harvesting fees placed by the platform.
The early harvesting fees is actually 50% of their rewards. These 50% penalties paid by early harvesters will inturn be shared by those who staked PolyCub to xPolycub.
The dream of PolyCUB by the designers is for everyone to transcend from just staking PolyCUB but to further stake xPOLY.
Since the end goal of PolyCUB is in the ability of PolyCUB holders to stake xPOLY, also, the rewards generated by the Polycub project is moved to xPolycub holders.
Note: No PolyCUB holder is restricted from removing their stake and selling their PolyCUB once the price goes up, but also they're are faced with the challenge of losing 50% of their stake.
How will Hive Blockchain Benefit from PolyCub and xPolyCub?
- The laughing of PolyCUB airdrop created an avenue for potential investors to come into the blockchain through the LeoFinance window. Since LeoFinance community is a Layer 2 platform on hive blockchain, whatever comes to LeoFinance community automatically comes to hive.
- PolyCUB and xPolyCub as a DeFi 2.0 platform has the power to sustain hive blockchain and LeoFinance through it's deflationary abilities. Most DeFi 1.0 platforms are inflationary in nature and can't last longer than it's expected. It has been stated above that the purpose of PolyCUB is a long term project that can sustain the entire blockchain as potential investors are flooding in.
- PolyCUB and xPolyCub has the power to influence hive price. This can be achieved through constant influx of investors into the blockchain.
- PolyCUB airdrop has created awareness of hive and LeoFinance community on different smarth chain platforms such bitcoin.com, Debank and Cointelegraph. This awareness of PolyCUB automatically is an awareness of the hive blockchain. This is because no one can mention LeoFinance without mentioning hive blockchain.
These few points will portray that the PolyCUB airdrop launch is serving a dual function: to profit the entire hive blockchain as well as the LeoFinance community.
It's time to create more awareness of PolyCUB and xPolyCub to your friends, families and those other social media platforms.
Thanks.
I love @hive.io it's your friend wishing you well in all your endeavors.