If you remember my last post one of the points I repeated the most was to be aware of the 7 days limit on converting the CUB HE tokens into BEP20 Cub. The HE CUB is like a coupon for the real BEP20 CUB and that coupon expires very soon. So, before CUB HE tokens become untradeable (worthless) I want to make one more PSA to make sure everyone moves their tokens over by then.
This image is taken from the announcement post of the airdrop!
Use the post payout as a timer for when the tokens will become stuck on HE (my article title is probably not correct by the time you see this). This a link to the bridge: https://wleo.io/cub. It's very easy to use. You just have to put in your BSC address, the amount you want to send over, your hive username, and sign for the transaction.
I still see over 1,000 CUB tokens at prices that I don't think will be hit within the next day; so, remember to check if you have any open orders. If you have open sell orders make sure to exchange them for BEP20 CUB or sell them and exchange them for BEP20 CUB before the deadline. If you have a large buy order make sure you are watching it so you can move recently purchased CUB before the deadline and pull your buy orders before the deadline. If you have buy orders filled past the deadline you might end up buying untradeable HE CUB (that makes it kind of worthless).
Once again the deadline is approximately the post payout time of the announcement post.
As always this isn't financial advice! I am explaining from my best understanding and there might be something incorrect. From what I understand the HE CUB will become worthless because you will be unable to move that CUB over to the real CUB. HE Cub is just a credit that needs to be redeemed. If you do not redeem it before the deadline it is an expired coupon. Thanks for reading and hope everyone is having fun fun farming so far!
--- Schubes ---
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Good to point this out to everyone again.
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I transferred them to my metamask wallet, but since I don't have BNB to put them to work they are still there.
Can they be lost?
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Once you see them in your metamask they are under your control (safe)
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Oh thanks 😀
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Looks like most people have traded in their HE Cub token for the real thing. The liquidity is really thin on HE. Still a good reminder though for those who don't know.
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Today is the day.
IS there an exact time
to do so during the day ?
As the price of cub is falling some still hold it high
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It's about the time of post payout. I'm going to do it a little earlier just to be safe
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This will either put selling pressure or buying pressure on $CUB. Let's hope the price don't tank once these 36 hrs are over.
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There isn't much left so I am expecting it to do nothing
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Hmmm... not sure how that could happen, but thanks for the warning. Seems like as long as folks want to trade them here, they would have value? I guess the powers that be could put in a sell trade for a zillion of them at 0.0000000001 each and effectively kill CUB here.
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CUB was never meant to be an Hive-Engine token. It was only on Hive-Engine as a way to airdrop LEO holders with the token.
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No the token on Hive Engine is not the real token. Once the bridge closes they can't be redeemed for the real token
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would be a shame for people to lose some free money, I've had mine staked earning interest on free airdrop. Nothing much better than that :)
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Does it mean trading for CUB on HE will also get stopped or only airdrop coins will not be claimable?
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EVERY CUB on Hive Engine will be worthless.
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Airdrop coins will not be claimable. That token HE is not the real token only a coupon for the real token that expires
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Index tokens have been paying out small cub drips so now I have to pool them all together.
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