My first IDO experience on CUBdefi.io

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Hi,

as announced by @leofinance in this post, a new service has been launched on the CUBdefi.io platform. It is called IDO, and it stands for Initial DEX Offering, a new way to acquire tokens on prelaunch.

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As I like to try new things, especially the ones from the @leofinance team, I had to test the water with this one also.

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It was a little hustle, as not everything was running smoothly. The CUB-BUSD liquidity, that acted as buying method, needed to be done on pancakeswap. Luckily a link was provided, and even if the token was not added, it could have been derived from the link address.

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After the period was over, I've managed to claim my share of tokens. I was not fully aware, that the tokens added to the liquidity pool, would vanish. It is ok, as I've had to read better.

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To be able to receive any dividends, a minimum sum of 200k CAKEpop needs to be held. Another thing that I was not aware. I've purchased some more and wait now in line. I think I was skipped twice till now, as I had a better position.

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It was an interesting experience, where I need to study more, to fully comprehend the process of it.

Did you try it? What results did you have?

Posted Using LeoFinance Beta

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I took 2000 CUB out of the Kingdom, changed 50% to BUSD, and after the IDO I have now a tons of CakaPop worth app. 850 BUSD.
Not exactly what I would call a success story. Poor guy who invested 60K$.

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Let's what they will bring as a return. Yes, not a success story, at least for the start.

Posted Using LeoFinance Beta

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I didn't try it but I gave up after hearing about the minimum. I hope it goes well for you.

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I decided to pass on this one. I think I still have a lot to learn about it. I might just decide to stick with the pools and farms and wait to see what these IDOs do for the price of CUB.

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