$CUB Is Going To $10

Here we go with some bold predictions.

Nevertheless, if you are paying attention, we are going to see something amazing happen in the next couple of weeks.

@leofinance put this out via their Twitter account:

cubfinanceido.png

This is huge but what does it all mean?

Let us start from the top. What is an IDO? That stands for Initial Decentralized Offering. The idea is similar to the old Initial Coin Offering (ICO) of many years ago. What is different is the doing it through a decentralized exchange as opposed to via a website.

Cubfinance is a platform that is building this. Projects are then able to come to the Leofinance team and contract to utilize the service. It is something that is becoming very popular with some of the larger platforms already offering it.

The idea for Cubfinance is to settle into the secondary tier. Instead of dealing with large raises, say $10 million and up, the target market is the sub $5 million range.

Initial Decentralized Offerings Signed

As we can see from the Tweet, there are now three offerings that are contracted.

The key to remember about all of these is that they are used to reward CUB token holders. Each offering will present a burn of the tokens, based upon the size of the offerings.

Even at the early stages, we can see how big this can become. It is important to get the first one done so that the precedent is set. Like anything in life, the first one is usually the toughest.

From the Weekly Developer Update post, we see these numbers:

We're anticipating Polygon CUB to have a limited "raise" (burn) of $1m-$2m USD worth of CUB.

We're anticipating IDO #2 to raise somewhere in the ballpark of $250k - $350k CUB-BUSD. This means that $125k - $175k worth of BUSD will be generated for the external team (which they plan to use as seed liquidity for their liquidity pool launch). An equivalent amount of CUB (since these are LP tokens used in the IDO) will be raised and 100% will be burned: $125k - $175k CUB burned permanently from the supply after the IDO.

Current expectations are a raise between $2-$5 million USD via CUB IDO. If their IDO is 100% committed, they'll generate somewhere in the range of $1-$2.5M BUSD for their initial token liquidity pool. An equivalent value in CUB ($1-$2.5M USD worth of CUB - ~1.5M-3.75M CUB at current prices) will be burned permanently from the supply.

To recap:

IDO #1 $1M-$2M
IDO #2 $125K-$175K
IDO #3 $1M-$2.5M

That is a lot of money. Even at the low end, that is $2.125M. Talk about buying pressure.

There is only one problem. Look at where Cubfinance stands at right now.

cubfinancetoken.png

We see the entire market cap for CUB is presently $3.6 million. If these IDOs sell out, the money raised for burn will exceed the market cap.

How is that handled?

As most can guess, the supply/demand equation is in play. Hence, these IDOs are going to create enormous buying pressure for CUB. When demand increases with a supply that is relatively fixed, then prices have to go up.

CUB Is Going To $10

Do you have yourself some CUB? This is going to skyrocket simply based upon these numbers.

Even using the $2.1 million dollar of buying pressure, with a total present market cap of $3.6 million, there is no way to get enough tokens at a low price. As the buys occur, prices will start to move up since people are not going to be willing to sell.

When we look at the above image, we can see there are roughly 5.3 million CUB total. That should be enough to cover the buys.

There is only one problem: how many are really available for sale?

If we take a look at the CUB Kingdom, we see that near 2.9 million CUB. This is presently generating near a 90% APY for people for staking. How many do you think are going to move CUB out and sell it?

In the CUB-BUSD Farm, there are about 2.4 million in the liquidity pool. At present rates, that is valued at $1.6 million. This is less than even the low end IDO raised monies.

What this all means is there is not enough CUB to fill the buy orders, at present prices. Once the money is in hand, the only thing that can happen is for the price of CUB to appreciate. The upward buying pressure will send the price rising very rapidly.

Naturally, not all the buying will be done at once since the IDOs are over a few weeks based upon the article linked above. Nevertheless, the first one will consume a great deal of the non-staked CUB that is out there.

Do not mistake the $10 price for meaning that CUB is going to have a market cap of $50 million. The number of tokens is going to be drastically reduced. We are likely looking at 2 million, maybe even 2.5 million, tokens burned.

That said, we will see the entire token value going up and that is how it should work. Adding IDOs makes the entire platform a great deal more valuable. It will provide instant buy pressure that will push prices higher.

Now before anyone believes this is just a pump and dump, there is another wave of IDOs being worked upon. During the last AMA it was mentioned there could be another 4 more in the next few months. Without knowing the size, we can expect similar results. Millions of dollars more will come in as buy pressure on the token.

Perhaps after the first wave, we can put together a post of CUB to $100. In the meantime, we should see this price nearing $10 as we progress through this phase of the IDOs.

Hard to argue with the math. There simply is not enough CUB out there to fill all the orders that will be placed with the IDO money.


If you found this article informative, please give an upvote and rehive.

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 69 of my contest just started...you can now check the winners of the previous week!
!BEER
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Love to see it. As you correctly pointed out, the first one will tell the story. If it is successful, then the sky could literally become the limit. Let's just make sure the code is secure. Polygon has already had a rough go of it with some other ventures. Still, very positive news and massive potential ahead. At these prices, it's hard to go wrong buying more.

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At these prices, it's hard to go wrong buying more.

Agreed! I've been buying as much as I can, which is really not a whole lot compared to some, but when it goes to $10 and then later to $100, it's gonna make all the difference to me!

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$10 cub is conservative.

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Many people would be happy for that "conservative" price.
Even for the half of it.
Seeing its current price ($0.68 USD), the $10 USD price is rather avant-garde. Especially if we see its all time high, which is currently $4.73 USD, and it was on 2021.04.02.
I bet that most people start a massive selling as soon as it gets close to $5 USD.

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At the start of Cubdefi it was about 14 bucks I think...

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I think most who are aware of what is taking place are not going to be selling at $5.

Why would anyone? If the first set of IDOs pushes the price up and we know another 3 or 4 IDOs are signed, we know there is built in buying pressure.

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$20 Cub and I'm sending Arsenal money to pay Messi's salary

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But you with Arsenal hahaha, btw why isn't Arsenal buying players after losing all their preseason games haha.

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Not even Messi could save your dying club.😭😭😭
Buy the club instead!

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Just the first phase of IDOs but you might be correct.

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Some people will definitely dump along the way as was with the SPS, but smart money is on hodling!

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There simply is not enough CUB out there to fill all the orders that will be placed with the IDO money.

Can't argue with that. :-)

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I am glad I am not the only one to see this... I am also glad that you brought it up after I filled my bags ;)

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A lot are seeing it. Cubfinance isnt that well known outside of the Hive community yet those who do know about it are excited.

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That's a solid strategy for CUB in my opinion. $10 CUB doesn't sound far away at all and maybe even $100 will be around the corner in a few months

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We see the entire market cap for CUB is presently $3.6 million. If these IDOs sell out, the money raised for burn will exceed the market cap."

When there are literally zero sellers left, the only way for price to go is up.

Way up.

Fast.

Excellent article mate!

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It's going to be easier to pass a camel through a needle than make me sell my Cub-Busd LP tokens. The best that will happen is that I'll sell some of the CUB I'm farming and then just pump it into the Cub-BUSD farm.

Maybe I'll even buy some cake while I'm at it, to add to the kingdom.

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Cute short term prediction. I'm betting on $100 CUB. I've posted this few times before on my posts. All my DeFi investments have gone to CUB Kingdom. I might put some in for IDO. We're at super early for a billion dollar Dapp :)

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$10 is a very high target but if CUB does burn that many tokens and the word gets out... Things may get out of control for a while.

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That is the best moment for people like me to invest. If investing $10 can earn you more than 150, it's a great deal !

I'll do my best to buy some more cub and participate in these Ido !
!PIZZA

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There are going to be some incredible returns.

Whatever the financial status of one, it could be life changing money.

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I believe in cub and am hoping this happens. Kudos to the team and their non-stop hard work

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They are really making things very nice for the rest of us. We will see in a couple months where things stand.

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I also believe in the potential of Cub. Believe $10 is really possible considering the development into make the project an awesome. Holding dearly unto my precious little cub and staking while I await the better times.


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I knew the CUB had something in the works and this project just shows its potential, it is true that doing the calculations the price can reach $10, but as it is a growing token people will want to have it which will make the price go up even more, so I assure in this comment that when all these burns are done the price of the CUB will be $20 to $30, based on market demand.

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And yes I believe you on this as I cannot see any other result. When scarcity kicks in then price has to follow and just hope the diamond hands are true to their word.

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There is a price that will force even the strongest of hands out. The question is where it is for each person.

Higher prices mean selling since profit taking is a smart move.

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Hmm I don't know what IDO is exactly, but you describe it as if someone is going to burn $5 million worth of CUB just to make us rich :D

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This is an exciting read. Just what I needed to find/ hear after having seemingly lost about 500 usd worth in CUB ( almost two month's rent here in Portugal ) yesterday.

Fingers crossed that I manage to recover those funds. And if not, a price trend upward in the not too distant future would serve as a sweet plaster for that wound. Just to make sure I am all-in in CUB Kingdom and CUB Kingdom right now. Funny that my funds disappeared, after trying to get out of the CUB-BUSD farm ;<)

Have a nice day!

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Getting to $10 price point for CUB for sure will change some lives around. The IDOs are a smart move and will open so many future possibilities, can barely wait for those to kick in.

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