Cub DAO Burn surpasses 1.5 million
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, Crypto market is going no where during long crypto winter. Crypt market which somehow managed to maintain $1,020 Billion worth unable to sustain its worth after FTX debacle. At the time of writing global crypto market cap is around $830 Billion. Almost $190 Billion wiped out from the market. During this tenure Cub performed really well as Cub held its worth. Currently Cub is trading around $0.022. Tokenomics of Cubdefi is improving as the Cub is holding its worth despite dip in market. Buying back and burnining mechansim played a vital role to Cub to maintain its worth.
CUB DAO bur number has been more than 1.5 million. As per Cubdefi platform almost 1.514 million Cubs have been burned out and majority of burning carried out during last 10 to 12 weeks.
Total Cub supply is around 18.6 million and more than 1.5 million have been burned. Burning number is increasing on daily basis. This help Cub to maintain its worth despite crypto winter.
Cub TVL across all farms and dens have been surpassed $1.3 million. One of the reason of huge investment in Cubdefi farming pool is its high APR.
A stable coin pair BHBD-BUSD is currently offering
26.49% APR. Remarkable number considering both coins are stable coins.
Remember Cub is currently trading around $0.022. The price is nothing as compared to its all time high worth of $4.73. Cub has potential to grow. Time to grab as many Cub as we can. Even price of $1 will raise your profit to 45 times.
After seeing consistency in price, I provided liquidity to BHBD-BHIVE and BHBD-BUSD pair. In my opinion, it is good way of grabbing Cub. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
It is good to see that the cubdefi project marches on and keeps growing despite the FTX and other slowdowns else where .
All this development hopefully would not go unnoticed and should take the cub token prices higher specially if we can get more users from the BSC and polygon side of the bridge.
Reducing the supply of cub should increase the price. It's so low now I think it's worth accumulating more tokens. Can easily 5x when altcoins start to rally !
To reduce instabilities in price dynamics in the cryptosphere, blockchain platforms have employed the use of these two techniques ; buying back and burning mechanism to limit emissions and drive prices. Cubdefi isn't
excepted from this as both techniques have evidently helped It's token to increase in value despite the current dip in the crypto market.
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