After I read a lot of wrong Information on Hive and twitter (also a lot of good one). I make a fast and short post about
HOW MUCH CUB DO WE HAVE AFTER 365 DAYS, 1 YEAR.
Ok, now we do the math.
BSC 3 sec Block time = 86400 seconds a day / 3 seconds = 28800 Blocks.
OR you look here: https://testnet.bscscan.com/chart/blocks
28800 x 1 cub x 365 = 10.512.000 CuB ( Arround 10M). Exclude week 1 and 2.
Week 1
2880073 = 604800 CUB
Week 2
2880072 = 403200 CUB
So For all that think we will have 30M cub or other crazy numbers. That's what will be there after Year 1.
There will be burns. How many? No idea. I will imagine around 10%, but nobody knows.
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Will this affect the price of Cub ?and how ?
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New supply coming into the market can always affect it. But, it depends on where that new supply is going. If it's mainly going to "strong" HODLERs then there may not be much selling at all. If that's the case, new buyers coming in will drive the price up. If there are bunch of people that sell their new tokens every day, then it could move the price down a little.
The next "event" for people to sell is when the supply drops to 1 Cub per block tomorrow (or Tuesday) not sure on exact date. Once that happens, the yields in the farms will go down even further and it becomes less lucrative to farm. There may be some sellers who have milked what they could out of the high yields and now want to move on to something else. Once those tokens hit the market, it should be in pretty strong hands and the market can then move back up as new demand comes in.
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Yo this was a really solid explanation of what will be affecting the price of CUB in the near future. It's easy to say "supply and demand" but what demand? And who holds the supply?
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The supply is the newly minted Cub token that comes out every 3 seconds and gets divided into the liquidity pools. 1 new token every 3 seconds. Right now it's 2 new tokens every 3 seconds until the 3rd week starts (again either tomorrow or Tuesday, can't remember). Last week it was 3 tokens every 3 seconds. This week it went down to 2. Next week it goes down to 1 and stays there.
Anyway, as I said, those new tokens are divided into the different liquidity pools and the Dens. Thus, they will be going into peoples wallets. Some of those people are in it for the quick returns and the high yields and will look at selling once the yields go down since it's only going to be 1 new token per 3 seconds. They might sell their Cub into the market. Others are HODLing for the longer term. They might be buyers of cheap tokens when the others sell. NEW demand could very easily come from people who start using the LeoBridge next week and just find out about the staking rewards and the utility Cub and Leo offer. New demand could also come from current Leo/Cub hodlers who are waiting before they buy more to see if a bunch of "cheap" tokens hit the market since the yields are going down.
The supply will always be 1 new Cub every 3 seconds after this next change. To offset that, 75% of the fees generated in the liquidity pools are being used to "burn" some of the newly minted tokens. So that will limit the new supply some. Also, the LeoBridge will use 50% of the fees generated there to burn newly minted Cub tokens as well. So, depending on how much volume uses that bridge, there could be a very significant amount of Cub being burned each day.
This would cause a "shortage" in the supply on the market since the vast majority of the Cub tokens would be held in HODlers wallets. That would cause the price to go up until it reaches levels people would be willing to sell.
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No idea.
Depends on how high the demand goes for CUB.
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Starting tomorrow 10,512,000 CUB will be printed every year. Put that into comparison with PancakeSwap for example currently has 140,000,000 with 87,000,000 burned leaving 53,000,000 and valued at $10 each. However I honestly feel CUBDefi at the moment is still super small potatoes compared to there other DeFi platforms with a marketcap of just 2.8 Million. I think it's just going to take some time and marketing power behind it along with adding in new features to the platform. Production though seems low compared to many of these others so if it's being used I see the value per cub rising drastically in the coming months.
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is the only way to make money. Let it bust to a cheap level, then we can all fill up :)
Yeah, there's no question this platform could seriously contend for one of the best options on the market. Especially with the LeoBridge allowing people from either chain (BSC and/or Ethereum) very easy access. Just gotta get the word out. Once it's proven to work as well as everyone says it does (and the audits are posted) this will truly be a GEM worth talking about in many different circles.
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I think given Cub's solid offerings already, upcoming features, especially governance, is going to give it a solid foundation to be a lot of folks' DEX-of-choice. Word-of-mouth I think will be what brings the project forward in a big way.
"Where do you handle your token swaps?" "Cub, of course!"
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That’s a lot of Cub
I suggest you look at @leofinance Leo Burn rate posts to get some idea what Khal has planned
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lets see how things play out long term
Cub Diamond hand
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Or cub Diamond Claw
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Not sure how you jumped from 10M to 30M but....
According to the math above, there should be around 11M at the end of the first year, minus the burns. Right now, we've burned roughly 12% with a heightened supply. If you extrapolate that out to the "normal" supply beginning in 2 days, that would be well over 20%. Now, factor in the LeoBridge coming this week. If that does any volume at all, I would think we could approach a burn rate of close to 50%. Which would mean there might be around 5-6M Cub out there this time next year. Just a guess but....seems pretty reasonable. Very good days ahead I think.... :-)
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I jump to 30M because on some posts this number was a part of the discussion. On another post was the talk from around 100M.
So it's significantly lower than that :D So not 100% random number pic :D
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STOPIf the LEO ecosystem does well then CUB will do well in the long term. And I have no doubt that this ecosystem will do well once a fully functioning #projectBlank is kicking off. The more traction the ecosystem has the more users will enter the DeFi farms, whose additional fee's will add the CUB burn rate. This combined with some utility such as governance plus a couple new features and we have a recipe for success. Nothing is guaranteed but the sky is the limit here.
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