The price of $CUB is rising slowly.



Is there a possibility of sustainable DEFI for CUB?





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It's been a month since my last post on Cubfinance so it's not a bad time to check back in and see how things are progressing.

October: Cub Stats

Total CUB Supply
17,327,226

Market Cap
$370,311

Total CUB Burned
777,120

Price
$0.021

November: Cub Stats

Total CUB Supply
18,269,353

Market Cap
$462,841

Total CUB Burned
1,379,939

Price
$0.025

Signs of progression maybe???

If nothing else we are at least seeing the defi protocol start to generate some real external revenue which should always be the starting point for any successful project.

If you follow the leofinance teams account they have started to publish a monthly CUB report. The latest one has just been released today with the headline CUB Monthly Report | October 2022 - 350k CUB Bought & Burned, bHBD & bHIVE Liquidity Depth Grows 30% The report has a lot more detail on how the site has been operating over the past month but the infographics give a solid overview.

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Revenue is going up month on month. More and more CUB is being taken out of supply. Turns out that this increases the price of the token.

The CUB DAO was forced to buy CUB at increasingly higher prices as each day passed. The MTB Revenue has officially outpaced the amount of CUB being sold on the market each day. In simple terms, this means that the DAO is forced to buy with slippage: pushing the CUB price up by a few basis points each time it buys CUB and burns it.

It looks like the new revenue mechanism is starting to work in our favor and soak up all of the extra supply. There are a lot of us that have been stacking and holding since the early days but even more that have been selling their new tokens constantly since the start which is fine for them to do.

Personally I would rather hold them for a much better price than 0.02c and keep increasing my holdings instead. There are no guarantees that the site will keep generating revenues like these every month going forward but for me it's worth the slight risk with the hope of seeing the price go back up to $1 at some stage.

I will be very interested to see how November turns out for the site and if there is consistent growth. If the team can keep generating these numbers combined with more and more Hive & HBD liquidity on the app then it looks like the price will keep rising and this should encourage even more growth going forward.

Interesting times for Cubfinance.

Posted Using LeoFinance Beta



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15 comments
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I don't have much in cub but I believe the monthly revenue has been a game changer and I won't be surprised if cub enters 0.1 cent soon

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It seems to have changed the game for the token as they have found a way to bring in proper revenue to the eco-system.

This gives the token a purpose and a value.

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that look good that is rising slowly i hope it become higher for you and is this comment is muted just wondering i was just wondering if they unmuted from leofinance for a few month i earned some tokens today so i must be unmuted and the price could drop at any moment in time or it can go up your never know

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That is some great news for CUB. It definitely took some time for the model to kick in and push the prices up. In the end, the biggest factor is people wanting to wrap tokens onto the chain and having Hive/HBD on CUB was a great move.

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after 99% losses for CUB holders, anyone daring enough could actually try to buy back in. I don't belong to that group yet :P

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I bought at $4.00 and still buying in at 0.02C.
If this gets the project up and running again then it's the perfect time to buy. I have also 4x as many tokens and received polycub for my holdings so more like 90% losses on my end. 😅

The tokens that I've bought as 0.02C are in profit so hoping to make back those losses over the next year.

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The burn mechanism is really making a difference. If anyone was thinking about DCA now is probably the best time to get started.

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Been buying small amounts for the past few months so that looks like a good decision as the price is creeping up.

Luckily there is still a long way to go up as far as $1.

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Hello, your sharing is very good. The current CUB total supply is very low, so its price is also low. It can achieve good prices in the future as its total supply is low. But this prediction may come true if its maximum supply is limited to that. If not, it may not be. But all I'm implying is guesswork

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Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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It will be interesting to see the evolution of what might happen with the price. Burning tokens and controlling the inflation of new tokens is important to see the price of the token rise.

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Ive noticed that. I still have all 500 of mine in the Kingdom. Not really sure what to do beyond. I manged to turn $1000 worth into $12 worth lol. I figure I should make a move or two

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Honestly, 20% increase recently, is definitely something to talk about, what a massive Increase we have here right now

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