One of the major goals of Polycub was to designed a DeFi platform that was sustainable. The team seems convinced the happened upon the solution. Others, meanwhile, are not so sure.
The basis of this sustainability is the fact that the token itself is deflation at an advanced rate. This is something that we have to keep emphasizing.
Notice the rate of deflation that we have taking place.
Week 1 5 POLYCUB per block
Week 2 4 POLYCUB per block (20% reduction)
Week 3 3 POLYCUB per block (25% reduction)
Week 4 2 POLYCUB per block (33% reduction)
Week 5 1 POLYCUB per block (50% reduction)
After that, we see a 50% reduction each month.
What is key to focus upon is the past over the 28 day period. It accelerates to the point where the emission is a fraction of what it was.
The price of POLYCUB in USD started out strong but them entered freefall. This was discouraging to many who feel that it is a sign of things to come. Perhaps it is although the methodology might tell a different story.
For now, we can take some solace in the fact that the price, in USD, settled down. After bottoming out in roughly the 60 cent range, it is now back near a dollar.
Is this an indication of anything.
At this point, we cannot say for certain. What we do know is there is a certain adjustment in viewpoint from the latest reduction in POLYCUB. It seems like people are aware of what is happening as the slowdown occurred.
Earlier I did a video detailing how an important milestone was reached for Polycub. The PC to xPC ratio crossed 10. This is just one barrier that it will hit. We are now on our way to 20 PC per xPC. It might take a fair portion of this month, but we will get there.
The point is we are seeing a locking up on POLYCUB.
Here is the latest snapsot of the POLYCUB locked.
As we can see, more than 1.25 million POLYCUB is staked. This is how it compared to the whole.
We can also see that just under half the existing POLYCUB is now in the contract, forming the xPOLYCUB.
This is obviously going to have an impact at some point. We know that the total emissions is roughly 7.2 million before it slows ways down to an insignificant rate. Hence we are more than 1/3 there, only 9 days into the project.
The holy grail is going to be the fees that are generated. We can see how the amount of POLYCUB available is just going to keep decline, on a percentage basis. If the fees generate enough USD, that will keep pumping more into the xPOLYCUB contract. Here again, the design is for the larger percentage to head there.
It will take another week to reveal is we are at the sustainability level. The recent move up could simply be to a few large buyers entering the market. Things are so thin right now it doesn't take much to move it.
We might have another move down in USD terms. There is no way to guarantee sustainability hit this quick. It would be great if that were the case but highly unlikely. That said, if enough interest is being generated, perhaps people are piling in.
Whatever the time frame, the next week or two should be interesting. We have roughly 5 days more of 4 POLYCUB per block before a 25% reduction. Each new level causes the situation to get even tighter. By the time of the next reduction, we could have a ratio near 14. At that time, we could see 1.6M or 1.7M POLYCUB locked up.
Over time, it will just keep growing. This is part of the design. Which brings us back to the USD being generated from the fees. That is going to be the difference maker.
We should know how things are shaping up over the next few weeks.
It is worth keeping an eye on.
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z
Posted Using LeoFinance Beta
I think the ratio will start to drop and I think there are a lot of people entering the xPolyCUB pool because it's keeping its value quite well. The APR plus the early harvest makes it more appealing but it will slow down due to the emissions dropping.
Posted Using LeoFinance Beta
The pace might drop but the ratio cannot, not in POLYCUB terms. It only goes up albeit at a slowing pace.
Posted Using LeoFinance Beta
That's the great thing about xPolyCUB, the ratio will always go up. That's how it is designed. PolyCUB price will fluctuate though. You will get more benefits of you get in early. 100 PC = xPC will also happen at some point. We will have to go through the test of time for that.
Posted Using LeoFinance Beta
I got in with a small amount, around the 1:6 ratio and the only thing I regret is not listening to @ericwilson when he told about it instead of waiting until the next day. I've always liked LeoFinance, but never got in like I should have. Even got a cat last summer and named him Leo Bo Bitty the Crypto Kitty
Posted Using LeoFinance Beta
There is an advantage to being in early.
Posted Using LeoFinance Beta
Hi @taskmaster
I am going to read this again, and try to understand it clearly enough to explain it to people I onboard.
I must admit I was able to add five more investors to Polygon strictly on the strength of Leofinance, Cubfinance, and the high APRs on PolyCub, but I need a better understanding of XPolyCub.
So tomorrow I get to listen to the old AMAs.
I listened to your interview today and the Rice TV interview also.
I am getting it slowly.
Posted Using LeoFinance Beta
I certainly found there were many "aha" moments the more I read/listened.
Posted Using LeoFinance Beta
If you have any questions, do not hesitate to hit me up.
Posted Using LeoFinance Beta
As you said, the market is too thin that we can say that we have reached sustainability... 2-3 orders (buy or sell) can move the price 20-30% up or down...
Regarding the xPoly ratio, I have done some calculations, and I have some doubts that we will see a ratio of 20 in less than a month... and it will slow down significantly after every new block reduction... This leads to a thought that many investors will have... To NOT claim their harvested profits from farms and kingdoms and wait 90 days...
In the end, I expect that that will balance out more APR percentages between farms and xPoly, so it will be almost the same... Taking a risk and waiting 90 days in locked tokens, or have them unlocked in xPoly and earn less... We didn't have that doubt in the first 9-10 days...
In any case, it will be interesting to watch... :)
Posted Using LeoFinance Beta
You might be right. It is hard to tell. Depends on how many people move PC into xPC. That said, the reduction will slow that down a great deal. In the last 24 hours, we saw a move of .65 higher.
So we will see how many more add to it.
Posted Using LeoFinance Beta
This is awesome. I checked it and see the ratio was 10. My airdrop value is way more than my staked cub now. I try and add a couple more polycub to x polycub. Recently I claimed some airdrops and it was worth $3.50, so penalty was $1.75. then I stake it straight away. I not sure if this is the right strategy !
It probably will work out. I am not claiming but most are. The 50% can be made up throughout the airdrop. Getting in early has its advantages.
Posted Using LeoFinance Beta
I do it the same.
I imagined the time when the ratio hit 1000. Is that really possible by the way, if someone is willing to wait?
LOL that might take years but it is technically possible. When people move out of xPC, they lose the "place" they were at. So the new payouts are spread over whats left.
So it is possible if people pull out over time.
Posted Using LeoFinance Beta
I don't think @taskmaster4450le people will do that in near future 😁.
On the contrary, people will be moving more in. If they do for suppose, are you saying, then that would be not possible?
To me let keep hope alive, because I believe in Leo team.
For me, the most important metric is that we have only 119 holders. Imagine what happened when that goes up 100x.
Posted Using LeoFinance Beta
I think this is the biggest risk.
There are so many DEFI projects now that marketing is the only difference when trying to attract new investors. Sure the tokenomics may be better than other projects but it took me hours of reading and watching videos to really grasp this concept. It is not a trivial thing to understand so piquing enough interest without overwhelming potential investors is the key.
I have seen so many projects fail because the marketing dies off even when the tokenomics are reasonably sound.
The reason I was willing to dip my toe into PolyCub was purely the LEO team's track record. I have a lot less worries about a rug pull with LEO than other projects who's founders I have never heard of and I am encouraged by their tenacity and the way they build on each previous project to release something better each time.
I hope there are enough funds for a professional and sustained marketing campaign and we are not just going to rely on word of mouth as PolyCub could be huge.... or it could fizzle out...
Posted Using LeoFinance Beta
I think you will find that marketing has moved to front and center: YouTube, TikTok, Exchange Listings, Press Releases, Twitter Tweets, Telegram, FaceBook, you got any suggestions? Khal is all over this, hired a team and is letting professionals run with this…
Posted Using LeoFinance Beta
Marketing is probably my worst thing so my only suggestion, which I am sure they are doing, is to make sure they don't blow the marketing budget all in one go! Big fanfare upfront then constant drip feeding to influencers over the years.
Posted Using LeoFinance Beta
So you expect a big streem of investors to roll in from TIKTOK? :)
What makes me very sad isI still do not see those promissed articles on CoinTelegraph and Coindesk.
Ask google, see how many returns you will get in last 24 hours, or even last 3 days with keyword "polycub" . Or xpolycub.
I think marketing yet needs to be improved VERY MUCH
Posted Using LeoFinance Beta
I agree that marketing is a big concern, it looks lke the big things are abiut to happen.
I have my fingers crossed that the PRs will come, and the listings are coming very fast.So I think the PR articles and hits on google search should come to...
You have given me an idea;
I know searching for articles on a topic on google will help the topic rank, and if we all search and click on one article it should push it up the google rankings...There ought to be a way to design a bot to do this.
I just need to figure out if it's sensitive to IP addresses and if a VPN can be used to mask or change one's IP address to circuvent any count limitation for searches from a single IP. If ten people did ten searches for the same topic just changing their city country ten times and this changing their IP it would add 1000 searches for polycub to google in maybe ten minutes.
I will ask in discord if anyone knows a bot maker who can do this...
Or there could be a contest with screen shots of efforts with 100 LEo prize.
Just some ideas
Posted Using LeoFinance Beta
Oh and just to add. I don't know if the team are aware of Ethereum Gold (it simply charges a 10% fee on entry and exit of the contract then uses that pay dividends) but they did something that added a lot of confidence for investors - they changed the contract so no one could ever modify it again. It runs totally autonomously so can't even be shut down by a government! Any thoughts on doing this with PolyCub?
Posted Using LeoFinance Beta
The one advantage I will state is that Leofinance is building. None of these are isolated projects like so many others we see. Hopefully that will help to keep expanding the people involved. With each new project, more people and more resources are available.
Posted Using LeoFinance Beta
same for rising star game lol. I'm at 400,000 starbits from clicking missions and still have no idea what I'm doing. I got into polycub with some pennies on day 1 but have no clue what's going on. I'm along for the ride. But the 119 addresses jumped out at me.
Posted Using LeoFinance Beta
That will be something but as commented below, I am not sure we get there.
Either way, the tokenomics are solid. The price is stabilizing, at least for the moment. Perhaps it ends up its downward direction. We will see.
Hopefully there are a few things that can really help the platform. I have an idea that might add to the sustainability.
Posted Using LeoFinance Beta
Yes, this really is a game changer and a great improvement with this new platform. Bonding also can't come soon enough and if available at launch may have provided a different journey for price.
Posted Using LeoFinance Beta
Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPI’ve been harvesting and playing the long xpolycub game. It’s been interesting experience so far. Loving it
Posted Using LeoFinance Beta
I think in a few weeks the dust will start to settle and we will be able to see the sustainability really take off.
Posted Using LeoFinance Beta
Read how this all have started with Toruk
Posted Using LeoFinance Beta
Marketing is yet almost non existing (ask google, check coindesk, cointelegraph)
PolyCUB distribution is still way below desired.
I checked how many holders of xPolyCUB - 442 wallet adresses
(at least 32 owners have more than one ETH adress with xpCUB)
Do you wonder, how those xPOLYCUBS are distributed?
Here is data as of this moment, 2022-03-14 16:00 UTC
78% of all xpolycub tokens - in the TOP20 holders !
$1.2M TVL in all xpolycub, and overall, total TVL of this 9 day old project - $5.8M
Nothing to write home yet, right?
World has still not heard, not discovered POLYCUB
Is it bad?
Yes, if you already have invested all you wanted here.
Good - if you just found this, and may jump in without to much fair that the "the train has left"
Posted Using LeoFinance Beta
Polycub is still gaining strength and is getting stronger per day.
Posted Using LeoFinance Beta
It is worth keeping an eye on — absolutely correct! Monitoring polycub’s level of sustainability is really something that catches my fancy.
In having a stance or viewpoint on the future position of this yield optimization platform/economy, you just have to be looking at sustainability .
It’s one thing to love the high APRs flying around, another is to understand how that is possible, this is done by looking at the potential debt occurrences or just how long-term equipped they are.
POLYCUB is a sensational project and best of all it is sustainable thanks to the support of the #Leofinance community and backed by the #Hive blockchain.
PIZZA Holders sent $PIZZA tips in this post's comments:
@pixresteemer(2/5) tipped @taskmaster4450le (x1)
Learn more at https://hive.pizza.
I'm just going to continue playing the long-term "wait and see game." My stake is pretty trivial at this time, so I'm not losing sleep over what happens next, and how fast it happens.
I do hope the marketing kicks more life into the project; at the moment there are so few stake holders it's a little nervous making... and it brings me back to one of my long time reservations: Just how far will this go if we're eternally depending on the same small group of LeoFinance "diamond paws" supporters? I know it's early days yet, but we need thousands of stake holders, not just 100-and-change.
=^..^=
Posted Using LeoFinance Beta