Here's where the numbers get a little scary, in a good way, but hard to actually fathom. Guess how many tokens Uniswap has out there in circulation? According to CoinGecko: 519,857,388. With a TVL of $7.8 Billion, they are trading at a market cap/TVL ratio of 2.43. Cub has 1,655,553 tokens out there at last check. Let's triple that to 5M. At one new Cub every three seconds that's 28,800 a day and 864,000 a month. That means four months from now, Cub will have 5M tokens. If by then we reach $100M in TVL, then trading at the same 2.43 mkt cap/TVL ratio that Uniswap currently trades at, Cub would be trading at $48.60. That's not a prediction. That's just math.
All of this without taking the token burns into account. We could see the fees really jump with the addition of LeoBridge meaning that some of those CUB gets eaten up.
It is also important to note the fees are split 50/50, CUB and LEO burns. So this will eat up LEO tokens too.
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I know! The numbers really could be insane. I don't want to get too far ahead of myself though. I'm trying to temper my expectations to more "realistic" numbers but....the home run potential is certainly there. Right now it's the Leo community's own little secret. But that's not going to last forever. At some point, probably sooner than later, word is going to get out about what's being built here and this thing is going to jump. With as small of a float as there is right now, it will not take a lot of money to move this into double digits. Just accumulating what I can, while I can.
Posted Using LeoFinance Beta