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Under 200,000 xPOLYCUB Left by taskmaster4450le

View this thread on: hive.blogpeakd.comecency.com
· @taskmaster4450le ·
$89.87
Under 200,000 xPOLYCUB Left
xPOLYCUB is going to be rather rate.  When we look at the scarcity of Bitcoin, based upon the deflationary model, we can see how much different this truly is.

With Bitcoin, there is a cap of 21 million.  For POLYCUB, for our purposes we are putting a "cap" of 7.241 on it.  This isn't completely accurate since there will always be a "printing" of POLYCUB.  However, the emission rate gets so small it is almost non-existent.

Since xPOLYCUB is based upon POLYCUB, the less being produced, the greater the reduction of xPOLYCUB.  This is something we discussed in the past.

The reason for this is because the PC/xPC ratio simply keeps increasing.  This means the number of POLYCUB represented by each xPOLYCUB keeps growing.  We will show the numbers in a moment.

Ultimately, this means the amount of xPOLYCUB we can effective see produced keeps getting reduced.  This, too, is deflationary.

### Under 200,000 xPOLYCUB Left

How many xPOLYCUB we end up with is unknown.  Nevertheless, we can monitor the top cap to see how things are progressing.  It is no surprise we are starting to drop where scarcity is setting in.

As this is being written, here is the number of xPOLYCUB that are in existence.

<center>![xpolycub.png](https://images.hive.blog/DQmbVFswb2T1kHazCX8zoSyDf6T5vUhPVuPhGHaVd6tR3ay/xpolycub.png)</center>

In a vacuum, this does not mean much.  To provide the contract, we were at 166,469 on March 28th.  Hence, in 4 days, we saw an increase of just over 12,000.  That is roughly 3,000 xPOLYCUB per day.

We can see there is 3.4 million POLYCUB locked in the contract.  In looking at the [POLYCUB contract on Polygonscan](https://polygonscan.com/token/0x7cC15fEf543f205Bf21018F038F591C6BaDa941c), we can see there is a total distribution of 4.8 million.  This means that 70.83% of POLYCUB is in the xPOLYCUB contract.

Then we look at the POLYCUB/xPOLYCUB ratio.  This is what we see at the moment.

<center>![xpolycub.png](https://images.hive.blog/DQmaFGmPch9FJph5NGytS7Aa1FaQwdwd4EhPNhB4hcc2sHf/xpolycub.png)</center>

If we divide the presumed distribution of POLYCUB of 7.241 million by the ratio, we get 377,534 xPOLYCUB as the effective cap.

That means were are under 200,000 xPOLYCUB left to be created.

### 250K xPOLYCUB

The 377K is the potential xPOLYCUB that can be created.  This is not what will end up happening.

My guess is we end up around 250K xPOLYCUB when the emission rate gets so slow that it means little.  Up to that point, more POLYCUB will find its way into the contract, driving the ratio even higher.  As that hits new levels, it pulls the amount of xPC that can exist down.

For example, if the ratio were to hit 30 over by July, then we would see an effective cap on xPOLYCUB of 241K.  That means we are looking at another 65K or so being created.

How scarce a resource is that?

Of course, this is only part of the story.  We are still in Phase 1 of this plan.  What we are witnessing is "DeFi 1.0".  This model isn't unique.

What comes next is the game changer.  With some of the newer rollouts that are on tap, Bonding, Lending, and weighted rewards, we will see how things change.  All of this is designed to produce demand and buy side pressure for POLYCUB.  A fair portion of that will keep being fed into the xPOLYCUB contract.

So we know what is going to happen to the PC/xPC ratio.  We also have a good idea based upon the road map what will happen to demand for POLYCUB.  That just leaves this variable:

<center>![xpolycub.png](https://images.hive.blog/DQmdG3DgMkk26FgDUyKybf7TB1eh4uPxmRJhisCQTEGw35o/xpolycub.png)</center>

If the demand for POLYCUB increases yet the emissions is decreasing to a negligible level, then we can only see one thing happen: price in USD goes up.  

This means, since xPOLYCUB is representing a certain amount of POLYCUB (as show by the ratio), we *will* see the price of xPOLYCUB in USD move in the same direction.  The prices are obviously liked together once the distribution of new POLYCUB slows.

Therefore, we have under 200,000 xPOLYCUB that is left to be created.  However, we can realistically state that figure is closer to 65,000.

That is all the xPOLYCUB that will be produced.  Let that sink in for a moment.

Things are going to get really interesting over the next few months.

*All screenshots pulled from [Polycub.com](https://polycub.com/).*

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



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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/under-200-000-xpolycub-left)
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vote details (368)
@bitcoinflood ·
Super curious what things will look like once that's hit. It's gotta change some fundamentals of the site. I take it if someone sells xpolycub however that it goes back into the supply?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitcoinflood/re-taskmaster4450le-pmsir)
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@mrtats ·
It goes back to supply but depending on when the new polycub is deposited, the xpcub amount would be less than what has been sold. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mrtats/re-bitcoinflood-2fankt)
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@cryptoandcoffee ·
I am not chasing this and have a few but realised from early on I need more CUB for the next project. The weird thing is I am not concerned as I have my own agenda with other projects which were needing to be completed first. You cannot be involved in every single thing as you end up having shrapnel everywhere that isn't worth that much.  

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cryptoandcoffee/re-taskmaster4450le-t9gqt)
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@hivebuzz ·
Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@taskmaster4450le/replies.png?202204020244"></td><td>You got more than 45000 replies.<br>Your next target is to reach 45500 replies.</td></tr>
<tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@taskmaster4450le/payout.png?202204020244"></td><td>You received more than 37000 HP as payout for your posts, comments and curation.<br>Your next payout target is 38000 HP.<br><sub>The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD</sub></td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@taskmaster4450le) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hive-122221/@hivebuzz/pum-202204"><img src="https://images.hive.blog/64x128/https://i.imgur.com/M9RD8KS.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202204">The fourth edition of Hive Power Up Month started today. Don't miss it!</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pud-202204"><img src="https://images.hive.blog/64x128/https://i.imgur.com/805FIIt.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202204">Hive Power Up Day - April 1st 2022</a></td></tr></table>
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@hjrrodriguez ·
scarcity in this case is good since the less xPOLYCUB is produced, the better the performance that we will obtain as the days go by, since for me the price will go up due to the little impression.
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@ifarmgirl ·
Reading this, I really need to ramp up my goal and get more of it :) 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@ifarmgirl/re-taskmaster4450le-2dygnl)
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@jfang003 ·
Given the supply of PolyCUB and the ratio of xPolyCUB, what do you think is the highest value the ratio can go? I feel like it will top out and go up very slowly at some point. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450le-3ayigu)
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@niallon11 ·
I love the scarcity of the token and have been buying up xpolycub accordingly. That and even more CUB to increase my airdrop every day.

My biggest problem is that i just don't see where the long term value comes for the token. I have read all the posts from yourself and from Khal but i still cant see it.

>Bonding, Lending, and weighted rewards, we will see how things change. All of this is designed to produce demand and buy side pressure for POLYCUB.


Hopefully it all becomes clear over time and everything that he has said in his latest post about one year from now comes true. Until then i will just trust in those smarter than me and keep stacking the tokens.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@niallon11/re-taskmaster4450le-6m2g65)
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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 99 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-98-and-start-week-99) just started...you can now check the winners of the previous week!</center><center><sub>15</sub></center>
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@squids ·
Looks like I need to chuck my whole paycheck at polycub now 😁.
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@tommycordero ·
193 addresses for all the hodlers...

With how few addresses, and this is meant to be a compliment to your efforts and the work of others, I'm surprised how prevalent is information about Polycub here on HIVE. 

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@uyobong ·
We know the moment collaterized loans emerge, the demand for xPOLYCUB will surge. Indeed, xPOLYCUB is a scarce commodity.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@uyobong/re-taskmaster4450le-6mxvcn)
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