CUB tokens are already on the market.
At least some Buy orders are.
Yes, #cubfinance is the hottest news on @LeoFinance today.
There will be an airdrop of CUB vouchers ie. Hive-Engine tokens to all who hold staked LEO and provide liquidity in WLEO pools.
Official announcement here -> New LeoFi Products, Snapshot Announcement, CUB Tokens and BEP20 LEO
WHat is CUB?
From the announcement:
Without giving away any real details about CUB, this is what the snapshot and subsequent airdrop in 24 hours is for. CUB will have something we're calling a "hybrid claimdrop".
The CUB token has some unique features and is not actually a Hive-based token. The airdrop on Hive is merely to distribute it to existing LEO POWER hodlers and WLEO LPs.
This token will be utilized for one of our largest project launches yet. Later this week, we'll throw a live launch party roundtable for bLEO and Project Cub. Stay tuned.
Sounds complicated? It is :)
In short:
- if you have LEO staked you will receive CUB tokens in proportion to your stake
- if you provide WLEO in the liquidity pool you will receive CUB tokens in proportion to how much you provide
Then, I suppose, CUBs will be your claims or tickets to get bLEO. That's my assumption.
What is bLEO?
bLEO represents BEP20 LEO - a wrapped version of the LEO token on the Binance Smart Chain. The contract has been deployed and bLEO will be launched alongside LeoFi product #2.
More mistery? You bet.
When is the CUB airdrop?
Today, we'll announce future announcements about these 3 products and also announce a snapshot which will be taken 24 hours from when this post is published.
24 hours after the post above was published equals
16:33:42 CEST
Or
15:33:42 GMT
Will it really happen then? Let's wait and see :)
What now?
You can buy AND STAKE some more LEO. Or provide more WLEO.
Did I tell you it's complicated? Wait, there's more.
Because there is The Liquidity Dilemma.
Should you:
- hold LEO and WLEO to get more CUB
- keep them liquid to be able to participate in bLEO activities - presumably, my remark
Again, let's wait and see.
I'll hold for now.
Good luck!
Ps: you can vote for my Hive-Engine witness - thank you!
Better and better
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Crikey there's a small order in at 3 Hive already.
That's bold.
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It's too much, of course :)
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I think the exact time will be 15:00 CET - this is their 9:00am translated:)
Probably. I took their 24 hours sentence literally.
Bukvalno :)
I think the way you called them tickets is a great comparison and might help people understand them better. Using the word tokens usually draws peoples minds to a singular place! Nice review of the exciting news yesterday!
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Thanks. I am glad that you like it.
For sure!
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Claimdrop? Not happened yet!
Check the richlist occasionally to see when the tokens will automagically appear:
https://leodex.io/richlist/CUB
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