IDO:
For those of you who are still having difficulties understanding the term IDO. It refers to the Initial DEX Offering. If you know about the ICO, then you can take IDO as the successor to them in a decentralized way.
The thing that happens in the IDO, is that the amount of specified tokens you have in your wallet is calculated with respect to the overall tokens and the equivalent amount of tokens(that is going to be distributed) gets distributed to the holder of that token.
Talking specifically
here in the CUB FINANCE IDO, The token that you have to get is the liquidity token for the CUBE/BUSD pair and the token that is going to be distributed is CAKEPOP token.
Now, Let's look at the price of the CUB-BUSD pair in the panecakeswap.
You can clearly see the price of the CUB has been in the range and there is nothing as fake upwards move before the IDO to lure people into it as most of the other IDO Platform does.
HOW WILL THIS BE GOOD FOR THE INVESTORS?
Let me explain to you the example of the X -IDO platform. Obviously, I don't think I should name the platforms So X will work better here.
These types of platforms raise the price of the token by creating a fake scarcity in the market the week before the IDO launch. Users get the IDO reward and token that they have bought which is the IDO Token value gets dumped by the big investors making the profit much less than it was anticipated. They promote the growth of the IDO coin after the IDO but don't tell about their own token which has dumped 30% in a day. I have personal experience of such a scheme. So, I think I should share it with you here.
BUT, IN CUBFINANCE THE THING IS NOT THE SAME:
Look at the price of the token in the 7D time frame and 30D time frame. Do you see any fake sudden move out of the range?
NO
This means there are no bad things happening before the IDO and after the IDO there will be no sudden crash in the price of the token because here you are having your LP Token which follows the rule of Impermanent Loss. So, if the CUB token sees positive growth then you will have double profit from the investment.
You shouldn't be worried about it in my view although don't consider it as financial advice the IDO is looking really good without any bad scheme on the back-end.
FEW WORDS ABOUT THE CAKE POP TOKEN PRICE:
Cakepop is a project that has a clear roadmap and will have active development ongoing after the IDO because in the roadmap we can clearly see that there is a lot of things to come after the IDO dividends get allocated.
The launch price has been set at 50% higher than the IDO Price. Those who are looking for short-term gains may sell at that level, but the promotion, social media marketing, and a lot of the things that will start the real hype and attraction to the project will be still yet to go. The real gains that one can receive will be after that in my view. Also, if we look at the roadmap the partnership and NFT will be at the last phases so those who hold will get paid.
ALSO,
Not only about the anticipated development and updates of the project another thing is that those who hold $CAKEPOP will receive CAKE in their journey which will increase the number of tokens staked and the reward is in another token. Because of that, inflation will be maintained making the balance in the supply and demand in the market which is most needed for price sustainability. From their roadmap, it is clear that they aren't the coins that will fade away after their IDO because they are also aiming for the MULTI-CHAIN ECOSYSTEM from that we can understand that they are looking for big things.
- SO, Are you going to be a part of the FIRST IDO of CUBFINANCE?
- And what is your view about the CAKEPOP Project?
- Are you planning to sell them right after the IDO or will wait for a while?
- Or You will sell some parts and hold the remaining IDO allocations?
Please leave a comment below with your thoughts?
Thanks for reading
