Should You Buy $CAKEPOP?

avatar
(Edited)

Cub Finance is launching its first IDO - $CAKEPOP which is going to be a dividend-yielding token (in the form of $CAKE) on Binance Smart Chain (BSC). You can check out the announcement post done by @cakepop's official Leofinance account.

CakePop.png

If you are wondering - What the heck is an IDO? Don't worry, check out this presentation that will explain everything to you in 5 slides.

In this blog, I am going to mention some of the PROs and CONs of participating in CakePop's IDO. In the end, we will try to find the answer to this question - Should you buy $CAKEPOP?

PROs

  1. Dividends: Who doesn't like getting dividends on their holdings! This is the biggest pro if you decide to invest in Cakepop. Just hold the token in your BSC wallet and you will get dividends automatically.
  2. More $CAKE: $CAKE is the native token of Pancakeswap which is a DeFi platform on BSC just like Uniswap. If you are a CAKE enthusiast, this is the right investment for you. You can use the $CAKE to buy more $CAKEPOP or use it in LPs on Pancakeswap, it's your choice.
  3. Dashboard & UI: In Cakepop's roadmap, a dashboard and a UI is planned for launch. This will be beneficial for all the investors to keep track of their investments and the history of transactions.
  4. Community: Cakepop is launching on Cub Finance's IDO. This partnership will bring Leo Finance Community early access to buy Cakepop Tokens. Cakepop team will raise the initial capital to kick start and a strong community of investors backing it.
  5. More DeFi Opportunities: In the future, Cakepop has decided to create LPs where you can pool CAKEPOP & increase your holdings. Cakepop holders will also get early access to their new partnerships.

CONs

  1. New Token: Let's face the reality. It's a fairly new token and we do not know how the markets will behave after the launch. Also, the roadmap doesn't have clear dates so we might have to wait for further details on its development.
  2. CUB Supply: Cub Finance is a well-established battle-tested platform with months of changes and updates since it went live. Cub Kingdom right now provides 80% APY and compounds automatically. Don't forget there is a CAKE kingdom too which is providing 98.25% APY at the time of writing of this article. So it's a tricky decision to move your well-performing CUB supply for this IDO.
  3. USP: CAKEPOP is a reflection token which means it taxes each transaction and sell all of it for CAKE which is distributed among holders. There are so many already out there. Cakepop wants to surpass what KittyCake has done but for now, it is a Kittycake's copy.

Here's a tip for you: You will have an added advantage to be an early adopter since you will get dividends from all the other transactions that happen on the network.

Should you buy $CAKEPOP?

YES - If you are interested in Pancakeswap's success then go for it because getting more CAKE on top of your investment is a good long-term play. Since it's launching on Cub Finance's IDO, the community has the benefit to get in early. They will do the marketing to outreach more people for which there is a separate budget (TOKENS) allocated. More people onboarded means more $CAKE for you and your kids. Sweet, right?

NO - If you don't want to risk your precious CUBs into a new token then don't. Maybe wait for some more details from the Cakepop team before making any major investment.

I will invest a small amount at first to get Dividends and observe the price for a few weeks. I will buy more Cakepop with those dividends and compound my investment. Once Cakepop releases some of its features and provides more details about their project, we will be able to decide accurately whether it's a worthy investment or not.

Please let me know in the comment section below if you are going to buy Cakepop. Why or Why not? What do you think about their Tokenomics? It might help someone to make a better investment decision.

Don't forget, it's launching on 30th AUG. Check @cakepop and @leofinance for further announcements.



https://leofinance.io/@finguru

Twitter.png

https://twitter.com/finguru6


finguru#4062

Posted Using LeoFinance Beta

hive-167922 cakepop cubfinance cake proofofbrain neoxian hustler broadhive ctp archon cent leofinance
0
0
0.000
46 comments
avatar

Fantastic breakdown of the pros and cons.

I'm not one to ape into a new token, but I might set aside a small amount to drop for this one if I have the opportunity.

Am I correct that opportunities to buy in will be proportionate to how much CUB you hold? I'm still a wee CUB minnow.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thanks @starbork.

IDO Valuation: $0.0005 USD per $CAKEPOP

You should be able to buy enough CAKEPOP for a few dollars. Not sure how the buying process would look like.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thanks. !PIZZA

0
0
0.000
Reply
avatar

@finguru! I sent you a slice of $PIZZA on behalf of @starbork.

Did you know you can earn $PIZZA daily by delegating HivePower to Hive.Pizza? (2/10)

0
0
0.000
Reply
avatar

As always, great information explained very simple :) Love it, as so far it has been a bit of a question mark above my head what to expect.

My answer, for now, is: No, I will first check what happens. And don't feel the need to chase after new things as I feel comfortable with the passive income I receive currently. Maybe I'll regret it, but that's life. can't win them all :)

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thanks a lot mate. I have been thinking about this a lot. Not going to rush into things this time.

can't win them all

100%. There are so many opportunities out there, you don't have to pick all of them. ✌️

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Exactly, I have been jumping from A to B and back to A or maybe move on to C, don't get me wrong. But I'm trying to avoid that now and make it rather a steady passive income now :)

Thanks for your great content, I really enjoy reading them!

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

If I dare to buy because I think it will be something that will give good results, although with many doubts.

But something that I have not yet is the price of $cakepop

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

$CAKEPOP Fair Launch Price is the same as the IDO launch price ($0.0005) — some may ask why the Liquidity Pool launch price is the same as the IDO price. The IDO gives everyone an equal opportunity to access the $CAKEPOP price of $0.0005… especially with the overflow model in place. It means that snipers and whales can’t eat up all the tokens right at launch and moon the price 20x before any retailers get to buy-in. Our mission is to create a fair launch opportunity for all participants!

Early adopters will definitely get good results if they are able to reach the masses quickly.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I just sold most the liquid Cub I had put by for this IDO for BUSD.

The marketing looks like something a 10 year old would have designed in 1998 on the PC.

That alone has put me right off. I can't take this seriously just based on the look of it.

I might put in 50 Cub anymore than that I think is silly.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I would advise against putting only 50 CUB in unless you expect the price of the new token to skyrocket. from the minimum required amount and launch price you would need to spend $1,000 to be at the minimum necessary amount to get CAKE dividends. just my opinion though.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Oh really thanks for the heads up, I'll sit this one out then!

Hopefully just enjoy the Cub increase.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Yeah I definitely was excited to see what the IDO was going to be but this just seems to be a bit out of price range especially for minimum requirements in my opinion. So I am now just hoping CUB gets a decent increase from this while farming SugarRush with CUB/BUSD.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

It looks fishy I must say :)
Yet dont all the platforms look fishy in the first place? Look at BELT

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

True, I like to wait myself - by the time I got into belt they had over 1BN locked, which is more encouraging.

I think I'm done with chasing these 'early ins' so I'll just sit back and enjoy the increase in the Cub price, hopefully!

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

The marketing looks like something a 10 year old would have designed in 1998 on the PC.

I have to agree with you on this. I don't have any professional training but I can make far better graphics 😁

I might put in 50 Cub anymore than that I think is silly.

I have asked the team to clarify whether there is a min amount of CAKEPOP is required to be eligible for dividends or not. Waiting for their reply on twitter.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I'm going in! Thanks for sharing your opinion and both sides of the coin!

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

All the best mate. Wait for them to release more info on how many CAKEPOP you need to be eligible for dividends.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thanks for the summary. I plan on converting a little bit of my harvested CUB into the CAKEPOP and build a small position in the CAKE kingdom.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

As per the cover pic in their announcement post, you need to hold a min of 2 million CAKEPOP to be eligible for dividends.

Also, you need CUB-BUSD LP to get CAKEPOP tokens.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Don't forget that, at least from the original image they provided the minimum required amount to receive CAKE dividends is 2,000,000 and the Max supply is only 1,000,000,000 which means at the IDO launch price you will need $1,000 worth of CakePop to be at the minimum.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

That's a lot, at least for me. 😬 I might have to sit this one out. Thanks for the tip though.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Yeah same here I would never reach the minimum so it's practically pointless for me to join unless I expect massive gains from the token price iteself. I personally have been farming another Dividend token with CUB/BUSD that barely has gotten started too. only 200,000 minimum (about $0.50 last I checked the fee to purchase was more)

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I might just dip my toe into it I am pretty pleased about cub performance. I had the chance to raise my CUB involvement in a nice way without having to make too big investments. A few cub for the IDO cant hurt :) NFA DYOR bla bla I am just a cub who wanna go lion!
!ROAR there should be a ROAR token
!PIZZA

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

@finguru! I sent you a slice of $PIZZA on behalf of @solymi.

Did you know Pizzabot in Discord has a bunch of useful commands? (1/10)

0
0
0.000
Reply
avatar

You might need to dip more than just a couple toes into the CAKEPOP waters to earn anything from reflection, from what I've read on a couple places, you need quite a bit of CAKEPOP to see returns from reflection.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

A few cub for the IDO cant hurt :)

100%. :)) Make sure you check on their next announcement before launch. I guess there is a min limit of CAKEPOPs you need to hold to get eligible for dividends.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I'm struggling to find info on how CAKEPOP actually works...

So their only website is their Medium blog?

You mention KittyCake as a competitor, but I can't find much info on how they work either haha.

Is BabyCake another clone or am I way off?

They have a half decent explainer on coinmarketcap if so.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

how CAKEPOP actually works...

I hope they release some more details before the launch on how it works.

Babycake, Kittycake and now Cakepop. All of them are Reflection tokens and pretty much do the same thing on the basic level. They have different tokenomics, fee structures, rewards & other DeFi opportunities associated with each one of them. They tax the transactions and use that tax to buy CAKE and distribute that Cake among hodlers.

The only major difference between them and Safemoon is that Safemoon pays dividends in their own coin.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar
(Edited)

Hi @finguru
Thank you for this helpful post. It’s been difficult to understand exactly how the oversold, underbought thing works, and how it would effect the valuation of my new holdings.

Thank you

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar
(Edited)

Hi @finguru

Thank you for this helpful post. It’s been difficult to understand exactly how the oversold, underbought thing works, and how it would effect the valuation of my new holdings.

I decided to invest despite my reservations because this project is building on the Cubfinance IDO LaunchPad, so I want to support them. Plus I want to support investors who bring ideas, projects and capitol to our Hive Leofinance ecosystem. As an added bonus there are 35 Telegraph groups scheduled to be involved which is enormous exposure for Cubfinance. I hope this brings a lot of business to Cubfinance, Leofinance and Hive.

I created an Archival post with a collection of CakePop posts, and I included this one because it’s a good Pros and Cons source.

my archival post

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

That's so cool mate. Helping out Cub Finance can't go wrong. I checked your post, it's an amazing resource for anyone who is looking to invest in CAKEPOP.

Thanks for the generous shoutout from you. Cheers!

Posted Using LeoFinance Beta

0
0
0.000
Reply