New Hive-Centric Tokenomics Live on CUB | More than 15,000 CUB Tokens Being Burned on a Daily Basis

in LeoFinance2 years ago

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It wouldn’t feel like a Leo AMA without some CUB conversation! Posts on Leo, threads and even Twitter buzzed about the recent CUB mechanics and how the future outlook of our first DeFi token is looking better and better with each burn.

On average, the DAO is now burning ~15k CUB a day! The LP mining rewards is 1 token per block, considering there’s 28k blocks per day then the amount of Cub burnt on daily basis is a little bit above 50% of the daily mining rewards!

The more total value locked the Multi-Token Bridge Farm Vaults have, the more tokens will be burnt, but if you want to learn more about how the future of CUB looks promising, then this clip from our latest AMA is definitely for you.

The CUB Docs also recieved a major update. You can read the updated version, specifically about the Multi-Token Bridge, at this link: https://docs.cubdefi.com/mechanics/multi-token-bridge

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
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

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


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🙋🙋🙋Excellent 👏👏👏👏


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The rewards earned on this comment will go directly to the people( @joydukeson ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

I was checking CUB stats. We've got so much TVL compared to marketcap. That's another cool point we can market

Posted Using LeoFinance Beta

This is a great point! Yes, it's crazy to watch TVL (especially Multi-Token Bridge TVL) grow so quickly yet market cap hasn't budged yet.

It's going to be wild when things turn for the CUB price. Let's hope it takes a bit longer though so CUB DAO can buy/burn a lot of the supply

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Awesome and thanks for sharing

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loving the cub defi! really cool project guys.

!PIZZA

This is definitely a very good one for the token,indeed it is a well deserved progress for cub

The time is now for CUB!

Posted Using LeoFinance Beta

Maybe next comes time for #GEYSER ?

Posted Using LeoFinance Beta

I really like the Plan B sales or promotion angle for Cubfinance because unlike most sales techniques it creates nit so much a need, but a solution ,to a real problem: the current safety of investors funds on centralized exchanges, and entices them with profitable investments.
Nice job.

Posted using LeoFinance Mobile

Flippening
Definition: The point when more Cub is burned the minted as daily token inflation.
This should be promoted like the Ethereum Merge
It is a massive turning point in Cubfinance Tokenomics and it should be advertised and spread amongst the Leo and Twitter community.

Posted using LeoFinance Mobile

Burn Baby Burn

I am very excited about CUb burns and the FLippening. I was very excited about project owned liquidity too, but it's always better to have two shovels working the pile to reduce it to a manageable size.

C0241588FCBC4499BA6CF9F32D7E2109_1_201_a.jpeg

Posted Using LeoFinance Beta