Will Binance Bounce Back and With It Our CUB ?
Binance under increasing pressure
The last thing you want to do as an exchange or cryptocurrency is try and tell governments and those with authority what they can and can't do. This puts you square in the line of fire and it's what's happened to the never ending battle with XRP and maybe now Binance will be under this gun.
This increased pressure plays an impact on the crypto markets and does have the effect of pushing it down and holding it down. As investors are confused and unsure of the next move from governments, regulations and laws it makes it a high risk investment because of the uncertainty which keeps many major players out of it for now.
This will most likely play an impact on CUB and we have seen it as such as CUB is directly tied to Binance only at the moment (or a very rough integration to Ethereum with wLEO) and also the LEO Bridge however for the most part much of it is Binance.
One of the coolest soon to come updates is that CubDeFi will be the introduction of IDO launchpad and soon after I believe will be Polygon. With the introduction of Polygon that now means more directed connections with CUB and Ethereum. That means CUB will be able to tap into both of these massive pools providing huge advantages for both buyers, swappers and CUB hodlers.
The IDO maximizes the Binance side of things allowing for other BSC tokens to launch a pool with CUB as a pairing and create their own incentives and mechanisms to rewards LPs. This pretty much is starting to setup CUB to be something more like CAKE (Pancake swap) More tokens to be swapped on the platform and ways to earn other tokens for staking CUB. (at least that's my best understanding at the moment if that is wrong please correct me and I will update this)
Kingdoms is a cool feature of CubDefi in that it allows you to earn not only CUB rewards but also rewards from other pools and blockchains.
For example staking your CAKE here on CubDefi not only earns you CAKE rewards but also CUB rewards!
Soon by staking CUB tokens you'll be earning Binance rewards.
That means HODLERS are rewarded even more and auto compound to increase this effectiveness.
This is actually one of the FEW bullish trends I have seen as of late and I'm glad to continue to support this projects and continue to invest in it.
What feature are you looking forward to from the roadmap here?
or what Ideas do you have for the growth of CUB and what gets your motivated to invest?
Posted Using LeoFinance Beta