Cubfinance
- I think the Cub token could be the next moonshot in cryptocurrency.
- Cub is the reward token on Cubfinance.
- Cubfinance is an 18 month old, Certik audited stakinging and liquidity pool project on Binance Smart Chain.
- The tokenomics of Cubfinance are inflationary and a few million Cub tokens have been created in 18 months.
- Recently a new token bridge was created between Hive and Cubfinance, called the Leofinance Multi-token Bridge.
- This bridge provides an easy way to move tokens like Hive, HBD and Leo, from Hive to Cubfinance on Binance Smart Chain, And it generates fee revenue.
- This fee revenue has been used to buy back and burn Cub token, a strategy used to increase scarcity.
- And quite frankly I am excited about it, so let me explain why!
Buy Backs and Burns
- If you study cryptocurrency tokenomics you find the word burn mentioned every where.
- Burn means to remove a token from circulation permanently.
- This is used to increase token price.
- Token prices follow basic principles of supply and demand. The larger the supply, the lower the price.
The smaller the supply, the higher the price. - In cryptocurrency there are many tools or strategies which reduces circulating supply, and raise price. But the most common and frequently cited as most effective, is the burning of tokens. But it is very important for the Token burn rate to exceed the rate of token inflation, otherwise called new token production for the burning to create token scarcity and raise the price.
Leofinance Multi-token Bridge revenue finances the Cub Buy Back and Burn.
- The earnings from this bridge have so far bought back 210,000 Cub and burned them in the first weeks of it's existence.
- This number is important because there have been over 400,000 tokens bought back and burned by various mechanisms over the previous 18 months of Cubfinance's existence.
- So it is very remarkable that in the first weeks of this new Buy Back and Burn, over 200,000 tokens, which is 50% of the total tokens burned in the life of the project, have now been burned.
- But now we need to know if this burn rate is enough to exceed the token inflation rate.
- When token burn rate becomes greater then token production rate, it is called the flippening.
The Flippening
- If we want the number of tokens to go down, we must develop a burn mechanism which exceeds the token production rate.
- This is called the flippening, and it is a reason for great joy, if you are waiting for the token price to increase.
- The Leofinance development team recently announced that the estinmated date for the flippening is in two months.
WEN FLIPPENING
- The Leofinance community oftens talks about WEN as a point in time when something greatly desired, will happen.
- Well today I told you that the Flippening of Cubfinance is estimated to occur in two months.
- So now you know why I think the price of Cub is going to go up.
- And now you understand, and you can share my joy.
About Leofinance, Leofinance Social Media Links, Leofinance Hive Applications, and Leofinance Web 3.0 Applications.
About LeoFinance,
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io