CUBLIFE (CL) - Weekly report #19
Authored by @silverstackeruk
Hello, LBIer's and CLer's. Welcome to this weeks CUBLIFE (CL) token update. We are going to look at this week's CUB harvests, reinvestment and weekly dividend APY. This update post is released weekly, dividends are paid in LEO every Friday at 9 pm UTC and new CUBLIFE (CL) tokens are issued once per month every 21st.
What is CUBLIFE?
CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet.
- Black = Farm
- Grey = Kingdom
This weeks CUB harvest are the same as last week at around 440 CUB. The price of LEO is down a tiny bit from last week, I mean a tiny bit so this weeks LEO dividends will be a fraction higher than last week.
Dont forget Septembers CL token minting and issue will take place in 3 days on the 20th.
This weeks 40% of the harvest was invested into the BTC/BNB kingdom as we continue to grow that.
This month's CL token issue
Every 21st of each month, new CL tokens are issued to those that have sent either HIVE or LEO to the @cublife before the end of the 20th. The month goes 21st-20th. If you send in funds on the 21st, you'll be waiting till next month. Conversions take place once per month on the 21st with new CL tokens being minted to the same value as the existing ones in circulation. There are 12 CL token issues per year.
You can transfer LEO/HIVE or HIVEp from hive-engine. If you send both LEO and HIVE, you will receive 2 token issues, 1 for each. You can confirm your funds have been received in the table below which are posted weekly and updated 2-3 times per week.
Leo
Hive
Roundup
Nothing much has happened this week with the price of crypto going sideways. I have not forgotten about adding staking to CL to offer investors the choice between either LEO dividends are auto compounding. Our coder is busy working on something for another project under SPinvest so we'll n eed to wait a few weeks. Apart from that, no real updates over than this month buy ends in 3 days.
Dividends will be paid out this evening, have a great weekend everyone.
Posted Using LeoFinance Beta
Rolling right along! This is awesome! Thanks for the update! I love seeing those dividends pour into my account on the weekend.
Posted Using LeoFinance Beta
Your welcome. I have an idea for a proposal :)
Excellent!
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Check out the last post from @hivebuzz:
Passive income continues to be the name of the game. I love getting these cheap LEO tokens delivered each week while I just watch. I also love seeing it add to the LBI fund as well. It will be even more fun when both LEO and CUB start moving in the right direction as I'm thinking they will very shortly.
Posted Using LeoFinance Beta
When LEO starts to recover, both these projects will surely moon (finger crossed)
When cub life was launched, I had 18 cubs worth 100 USD. But I didn't transferred it to trust wallet and I lost all of it.
I have 46 LBI in my @arslan786 account. I think LBI is good investment for long term.
Posted Using LeoFinance Beta
Bummer, sorry to hear you lost your CUB's. Ah, i remember $5 CUB, good times.
You have some exposure to CUB through your LBI tokens :)
The APR is still looking decent at over 40%. Oh so there is also work for SPI going on? That might be quite interesting.
Posted Using LeoFinance Beta
We never stop, i have projects idea's for the next 100 years.
40% APR still great. Nice seeing the project delivering weekly
Your welcome, glad you enjoyed
At least I managed to get 10 Hive sent over. Slow growing, but still growing some.
always forward, baby steps now will result in giant steps down the line. Even staking or delegating fractions could have a big impact in years
Posted Using LeoFinance Beta
It does take time to build token holdings, but yes making short plans and sticking with them does help a lot.
Sure thing, consistency and some discipline are key there
Preach it, these are the 2 most important things
Thanks a lot for your work SSUK !
Any plan for the CUB IDO ? or the new Polygon token ?
Will it be part of CL or maybe another token ?
Posted Using LeoFinance Beta
Not sure about pCUB, not gave it much thought, to be honest.
Im sure we'll be involved one way are another. I dont really check up on the pCUB news because im not into reading stuff that will change in the future, i'll wait until it's released and then make a plan.
When PB was announced, the LEO price mooned 10x because people were buying the token to get the airdrop. People moved investments around, write huge posts filled with excitement and 9 months on, it's been forgotten about and now the LEO price is going back to what's it's worth.
We'll plan after it's released.
It would be interesting to see which has better APR between Leo and auto compounding at these low prices
Not sure, that's a good one.
I guess it depends how long you planning to hold CL. 3-12 months, take the LEO weekly div's. 2 years +, auto compound. No idea why i think this, could be way off. lol
I'll probably hold it for a long time, so maybe I'll opt for auto compounding, but it would be nice if you would do a comparison between the two one day :)
Looking forward to the staking and still strong on the APY. Especially when considering the wallet APY is much better and that helps to grow for the long term.
Interesting to see another spinvest project is in the works, do keep us posted! What a time to be alive
Posted Using LeoFinance Beta
There's always something in the works and twice as mainly half set up projects sitting in the vault ready to be finished.
O man, guess I should have more liquid tokens to use when something interesting does launch :-)