So, who knows? All of this is very theoretical right now and I'm sure the team is learning a lot as we go. Hopefully they can find the right way to go about this where we are burning lots of Cub but also helping support higher prices. Like I said, if the majority of the CUB coming into these IDOs is coming from HODLers accounts, then the burn isn't really accomplishing anything other than probably moving the APY's back up in the Kingdom Den and the other CUB pools. As it is, the only CUB really being burned this time around is CUB that was never going to hit the market at these low prices anyway....
Posted Using LeoFinance Beta