Good morning world or afternoon depending on where you reside. Coffee is brewing so it’s time for me to get moving. Tomorrow is air drop day for all us power hodlers. Cub Finance will be released to us all.
Exciting as it is there are some issues to take into consideration. This airdrop will not be newbie friendly. If you are not familiar with Binance chain then maybe it’s time to familiarize yourself. Apparently we are being dropped Hive Engine coupons.
These coupons will be our “tickets” that we will send in exchange for the actual tokens. Although I don’t like this methodology since a myriad of bad things could occur; coupons sent to wrong address, meta mask/binance issues, etc.
However, I prefer to use this experience as a learning tool for myself. I have never used Binance. Although, I may have set up an account a year ago. Frankly, I’ve been involved with a multitude of crypto projects so I have to check my book of notes 📝.
So once we get our free tokens what should a person do? Well I can’t get into specifics since I’m not familiar with Cub Finance. However, because it is associated with Leo Finance I feel rather confident to HODL. Here is the reasoning.
Airdrops are many in scope in the crypto sphere. There are some winners but a great deal of losing tokens. Some airdrops are promotions of projects that aren’t going anywhere. If you have Waves platform access then you know what I mean.
However, let’s begin to look at the greater picture. I don’t know what your financial position in life is. Some people are desperate for liquidity which is understandable. While others are fairly comfortable.
Many will be given a choice concerning the Cub token. Now I don’t know the exact specifics concerning the market mechanisms of the token. But if it transpires like any other drop you will have a choice to HODL or sell.
Now some will sell taking the short term gains. While others will continue to HODL. Truthfully there is no right or wrong answer. Frankly, it is no ones business what you do with your funds.
But let’s take into consideration on what may become. Let’s use the Bitcoin pizza for example. Everyone knows the story of the 10,000 BTC pizza. It is the prime example of selling early as opposed to being patient.
Now I’m not saying LEO or CUB will become like Bitcoin. But giving advice to maybe hold on to a longer perspective on this platform’s potential. No one truly knows the future but we can observe the trends.
And the trends are positive going forward with this system. Few who will take short term gains tomorrow may end up regretting it years later.
Suffice it to say we may have our very own CUB token story in years to come.
So the choice is yours. Personally I plan to HODL and wait and see what happens. There is just too much being developed here to just sell and walk away. And in the long run HODL has been the most winning trade in the crypto sphere. Good luck Lions.
Posted Using LeoFinance Beta
for the few airdrops i have gotten these past few years I have sold. this is because I knew little to nothing about the projects. but it is a different thing with leo or should i say CUB because i know the team behind the project and they have a good record. this is a lot of potential here and i don't plan to sell for cheaps.
Posted Using LeoFinance Beta
Sometimes it pays to HODL especially if the project has a good track record.
Posted Using LeoFinance Beta
Hold tight
Posted Using LeoFinance Beta
👍
Posted Using LeoFinance Beta
Thanks for your thoughts on this and I agree that waiting is probably the best bet. As with most airdrops, there will be immediate sell pressure as soon as people figure out how to do so. Important to note that the token will be useless to anyone except the user who received the drop. I suspect there is something even more beneficial taking place here, and that the function of the CUB infrastructure will make it important to keep. That being said, I also am not familiar with BSC so I have a bit of a learning curve to soak up tonight in anticipation of tomorrows excitement.
Posted Using LeoFinance Beta
Yes I’ve been reading up on MetaMask/Binance integration nothing too complex. We may also need the binance token as well to make transactions. I’ve heard the fees are a lot less than ETH.
Posted Using LeoFinance Beta
As far as I know hodling or selling CUB does not make sense. It is bound to your account, and only you can exchange it on Binance. So in a trade it has no value.
Maybe I am wrong.
Posted Using LeoFinance Beta
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