The voice of experience ...
"It's a nice fairy tale and one that many fall for over and over as they bounce from one farm to another going boom or bust on each one. These people will always be broke because they are being sold the dream of getting rich quickly for no work, no effect and they fall for it over and over because each new farm is better, it has a new trick, this one has fixed some problem, that one uses taxes to burn supply and each new farm is a new chance/hope."
... and yet amazing how "the next big thing" comes along, especially if "attractively packaged" thereby making it an irresistible new "shiny object" and ... Here we go again! 😏🤷♂️
Will PolyCub be different?
"All I know is that anyone that bought into polyCUB is losing money right now ..."
Yep. And "took down" CUB along with it, so far ...
"... polyCUB, I dont know, I've never been involved with a farm token that has a small hardcap before so we'll see if they can create more demand for buying."
This is essential IMHO. I know the LeoFi team has put a lot of effort into marketing. Effective? I suppose we will both find out soon enough.
Thanks for writing this "contrarian" post @lbi-token / @silverstackeruk. I believe our community would be better served, if there were more like this being written. Which, in turn, ("... iron sharpening iron ...) would lead to better outcomes ...
"My $0.02" ... Have a good day! 👍
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Your very welcome @roleerob. Im not a fanboy and to be honest, i had wrote about 1000 more words and deleted them off. Someone has to go against the grain sometimes.
I hate seeing people lose money.
Thank you for your detailed comment and feedback. I had to google the word "contrarian", good thing im better with numbers than words. lol.
You 2 cents are worth more, have a great day also. Thank you
Ditto. Especially if it is mine ... 😉
Okay, my $0.04 then. Inflation is a "real thing!" 😉
Seriously, I appreciate the fact you are willing to talk straight. Keep it up! 👍
Posted Using LeoFinance Beta
My take is that marketing efforts were deployed too early. xPolycub will become a collateralized asset meaning that you can take out loans based on your xPolycub position but that is still in the works.
I believe that more people would have joined if marketing started after collateralization became a feature.
Just adding my two cents on top of your two cents.
Posted Using LeoFinance Beta
Well ...
Reference has been made to adding both bonding and collateralized loans. One of these days (will this new functionality come with a fully audited review of the associated code?) ... If I was to give fuller input ($0.04? 😉), I would like to have seen this functionality fully operational at "launch."
Why?
From my understanding listening to their AMAs, etc., the LeoFi team views this as critical to driving the demand side of their new platform. How do you have a successful "ecosystem" without addressing demand? Was it sufficient to just rely upon high APRs at "launch?" Which was known, in advance, to be designed to "evaporate" pretty quickly? Was it hope that their MVP approach would be good enough?
Only they could say why they elected what is happening now - a "phased roll-out" ...
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I agree with everything you said but it's always up to the team how they want to launch their product. It's a learning process for all of us I guess...
Not a fan of how they handled it so far but I still have high hopes for it. At least the holder numbers are growing, slowly but surely. 550 isn't that bad but it needs to keep growing to become sustainable, that's for sure.
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