Is CUB finance the $10,000 coin? Wait, I changed my mind while writing. It's Leo

There's a lot of hype on the block chain at the moment and it's pretty exciting to say the least. Hive account@leofiance's latest project CUB has been a great success. I don't think anyone can dispute that, I am aware some are.

For me personally, I think it's a great initiative and a wonderful thought out project that hasn't even started delivering. I also think the next 12 months of CUB is going to be amazing. Don't get me wrong there is every possibility it could tank and fail. But if Leo is anything to base things on then chances are we're all going to be pretty happy.

The $10,000 question

There is one thing at the back of my mind though and it's around something that was previously said or mentioned that the leaders of the project had envisioned. A $10,000 coin. As so rightly pointed out by many though, a $10,000 Leo token would make alot of people king makers.

A single upvote could turn a $0 account into a multimillionair. Now, I'm not saying this can't happen but I think it would be unlikely. There is every possibility that the platform could go this way but it would be damaging to the platform also and possibly devalue the coin.

However, to get to $10,000 I'd anticipate there would have to be a massive surge in users after a massive decline in price. A mass sale event would have to occur. I'd be tipping that event would occur around the $5 - $10 Leo mark. As many would become millionairs.

That liquidity would need to be nabbed up pretty quickly and a supply and demand issue occur. I don't perceive high prices on the block chain to be too much of an issue as I have located a few accounts with $400 upvote values. They don't seem to cause too much disruption to Hive and with that amount of upvote power they could turn themselves and others into millionairs within a year.

Perhaps it would be a good thing when you look at Facebook a multi billion dollar platform it is possible the same will occur here. People just can't comprehend a platform that instead of making the top end stinking rich they pay out their investors whom are users.

In effect it would be the same as Facebook paying account holders weekly a % share of their holdings. No different to shares. We just need to look at shares as tokens. Pretend a share is a token, a person gets paid a dividend based on the amount of shares they hold.

Image source

Facebook shares are currently $273 US dollars per share with a total supply of 2.8 Billion shares. The total market cap of Facebook is $779 Billion.

The total circulating supply of Leo at current is only 6.2million (requires citation) with a total market cap of $US10,000,000.

That's a relatively small market cap for a growing social media platform.

I want to run a little experiment and let's pretend Leo finance is able to capture not 1% of the market but 1% of the Facebook market.

1% of $779billion is $7.9billion (it was easy and realistic to choose 1%) all we do is increase the Leo market cap from $10m to $7.7 billion and divide it by circulating supply of 6.2 million and that gives us $US1,256 a coin. That's still a nice figure and a lot of overnight Millionaires made.

To reach a $10,000 price the current market cap would need to reach $62Billion and Leo in the top 10 coins. Not an impossible feat and when you break it down to actual market numbers and compare Leo to it's sector I.e. Facebook, Twitter, snapchat, instagram. $69B is pocket change.

Don't forget Facebook in 2013 bought snapchat for $3B and it continues to buy out is competition, I think offers will be hitting Hive account@khaleelkazi and the team this year as the platform is growing. Facebook was unable to establish its own cryptocurrancy as it was rejected by the US senate but nothing stops them buying a project that's in development or completed.

So let's take take 2013 figure of $3b if we divide it by Leo current circulating supply of 6.2m that gives us $483 a token. Don't forget thats 2013 figures and snapchat user base was low.

Is it Leo or CUB?

I started this blog with the full intention of making an argument that CUB finance would be Leofinance $10,000 coin. And in every aspect of it, it well might be and will probably hit the mark sooner.

But given the information above Leo only requires a market cap of $62B an easy feat especially when you consider the social media industry and its total worth.

With Leo's movement into project blank and further developments to implement Facebook access the likelihood of increasing the platforms use and growth would Indicate a increase in token price.

Furure turbulence

I think in the coming weeks as yield farming for CUB reduces people will start off loading. If you're going to sell (I'd recommend against it) swap it to bleo. Something is happening with that coin, there's no ability to stake it on HE or your account. I doubt the team would have left this part out of the equation considering I can get Leo from HE to Cubdefi.

I've started staking it, it's returns aren't as good or as lucrative as other staking farms but, I really feel (opinion) this is where the action is going to be.

Thoughts and opinions

So hold onto your hats lions, a storm is coming and whatever you do HODL like your life depends on it.

What are your thoughts on CUB and Leo?