Im having fun with this and learning a long the way. I made $2 and gave 1 back in order to stake in xpolycub lol. I'm licking my 50% wounds but now I've got 1 full polycub staked in xpoly. I'm gonna be rich!!! My question is this though, what is the end use of xpoly? Is it just a way for users to play on polygon?
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POLYCUB is ultimately deflationary like Bitcoin. There is a halving periodically which reduces the supply. The use case is throughout the entire platform. We see it being used in farms for liquidity.
The inflation is mostly directed towards the xPOLY holders. It helps to grow that basically locking it up. We will see the harvesting rewards still take the haircut if people claim too early. Plus there are longer term management fees.
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I mostly getting comfortable with that and it sounds great but I'm not understanding why we would want it in the long term. You're saying that it would be for farming and there will always be demand for that type of thing?
Yes there is going to be ongoing farms just like with Cubfinance except on a different blockchain. We also have the swap to pLEO for anyone looking to get involved in the Leo ecosystem. In other words, another place to buy it.
Anything that creates activity is going to add up.
Posted Using LeoFinance Beta