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My first IDO experience on CUBdefi.io by alexvan

View this thread on: hive.blogpeakd.comecency.com
· @alexvan ·
$38.38
My first IDO experience on CUBdefi.io
<center>![image.png](https://images.hive.blog/DQmWX2Ltx6eKEkMmEW721s4pgzC5UHAXihFQa2MLUk1oaGJ/image.png)</center>

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Hi,

as announced by @leofinance in this [post,](https://leofinance.io/@leofinance/the-first-ever-decentralized-ido-on-cubfinance-or-cakepop) a new service has been launched on the CUBdefi.io platform. It is called IDO, and it stands for *Initial DEX Offering*, a new way to acquire tokens on prelaunch.

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<center>![image.png](https://files.peakd.com/file/peakd-hive/alexvan/23uFu87tYHsdqiFKdMHA3xhwJiXyKRsfmf5qEFd9A3ayfXqnQPKvewtMhCZZeZzP3Zcvf.png)</center>

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As I like to try new things, especially the ones from the @leofinance team, I had to test the water with this one also.

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<center>![image.png](https://images.hive.blog/DQma7FVh5SLnBmLfvgTyvSBUBa4UbcXXJ3Lo5fuaMyZAGEW/image.png)</center>

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It was a little hustle, as not everything was running smoothly. The CUB-BUSD liquidity, that acted as buying method, needed to be done on pancakeswap. Luckily a link was provided, and even if the token was not added, it could have been derived from the link address.

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<center>![image.png](https://images.hive.blog/DQmT1sNxygJZsz7Xny9CXMbN6YUpbyYXnVECHMPg1sNaGsp/image.png)</center>

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After the period was over, I've managed to claim my share of tokens. I was not fully aware, that the tokens added to the liquidity pool, would vanish. It is ok, as I've had to read better.

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<center>![image.png](https://images.hive.blog/DQmWZizRXEnia5we7byCdzN3RbSnjEbL3LF3kDzbMCrW6aL/image.png)</center>

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To be able to receive any dividends, a minimum sum of 200k CAKEpop needs to be held. Another thing that I was not aware. I've purchased some more and wait now in line. I think I was skipped twice till now, as I had a better position.

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<center>![image.png](https://images.hive.blog/DQmQ1UnJAn8QbaN6jtXYptg38rsXVKAggYxJTW1uAkFNGSk/image.png)</center>

---

It was an interesting experience, where I need to study more, to fully comprehend the process of it.

Did you try it? What results did you have?



Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@alexvan/my-first-ido-experience-on-cubdefi-io)
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vote details (182)
@bozz ·
I decided to pass on this one.  I think I still have a lot to learn about it.  I might just decide to stick with the pools and farms and wait to see what these IDOs do for the price of CUB.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bozz/re-alexvan-6j94dx)
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@hivebuzz ·
Congratulations @alexvan! You received a personal badge!

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@jfang003 ·
I didn't try it but I gave up after hearing about the minimum. I hope it goes well for you.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-alexvan-4duyua)
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vote details (3)
@stayoutoftherz ·
$0.03
I took 2000 CUB out of the Kingdom, changed 50% to BUSD, and after the IDO I have now a tons of CakaPop worth app. 850 BUSD.
Not exactly what I would call a success story. Poor guy who invested 60K$.
👍  
👎  
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vote details (2)
@alexvan ·
Let's what they will bring as a return. Yes, not a success story, at least for the start.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@alexvan/re-stayoutoftherz-583don)
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