CUB DAO Burns 3.0 million amid Cub as a deflationary by zartisht

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hive-167922 · @zartisht · Mar 25 '23 (edited)

$6.37

CUB DAO Burns 3.0 million amid Cub as a deflationary

<div class="text-justify">
Cubdefi is the first defi project of leofinance. Introduction of Multitoken bridge, BHIVE and BHBD and buy back and burning mechanism helped coin to increase burning. CUB is generating revenue through wrapping revenues, oracle staking revenues and arbitrage revenues.

https://images.ecency.com/DQmdGbXZVDKiGJif1U8HoVHBCYJdj13BBrESVrstiyPee31/cub.jpg
[source](cubdefi.com)

All this revenue is sent to CUB DAO that autonomously buys and burns CUB. CUB DAO has almost burned more than 3 million CUB. Almost more than 0.5 million Cub has been burned in just last 3 weeks. 0.5 million is almost one sixth of the total burning token. One sixth burning coin in 3 week is a great going. Cub which at one stage touched all time high worth of $4.73 is currently trading to its all time low worth of $0.016. Cub has almost more than 99% down from its all time high worth. One of the main reason of dip in Cub price is minting of more token than burning.

Cubdaily has disclosed through post that in first two weeks of March more token was burned than the token issued on LP. This make Cub deflationary token. Despite all these burning Cub is loosing worth. Strange to see the dip in Cub worth.
One of the main reason of dip in Cub worth is the massive selling pressure by people. In my opinion selling Cub at such price is a foolish act. It will give you permanent loss. Personally I bought few token at $3. Now the worth of coin is no where near its buying price. Almost, my current status is more than 80% down from initial investment, but I would still love to hold CUB as I believe in this project.
Cub is a real gem at $0.016. Cub at current price provides a good buying opportunity. More buying will help Cub to gain worth. Time to accumulate more and more Cub. Cub has great future. What is your opinion?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
</div>

👍 psyberx, rima11, magicmonk, truce, zartisht, bitrocker2020, xylliana, brofi, ano123, moeenali, jingjing1616, kevinwong, aaronli, asgharali, windowglass, psyberxnode, ikrahch, foodchunk, theb0red1, dbooster, hypersonic1, jychbetter, rightwing670, nostalgic1212, scoutroc, intrepidthinker, supremebape, winniex, cheva, dynamicrypto, aliakbar2, mrspointm, mrpointp, mawit07, psyberx.witness, atyh, lovequeen, abrockman, evahe, thomasbrown, poliwalt10, sharkface, happyphoenix, aekraj, bigtakosensei, zellypearl, zanoz, tanlikming, ferrate, hattaarshavin, unsubscribe, elderson, abundancelife, dmelliott, elizacheng, byebyehamburgers, brucutu, sinzzer, babarakas43, rymlen, webdeals, nworb, mnurhiver, ireenchew, and 190 others

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@djbravo · Mar 25 '23

$0.10

The first rule of crypto is to first have a project that is very good and then invest in it. If it goes down, then the only thing that can save us is if we all  If you are patient, we will definitely get back our money and profit. The way you drank three dollars from it and now it's down a lot but you're doing well holding it. The way his team is now giving updates and coming out with more burning ways is a good thing for them.

👍 zartisht

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@hivebuzz · Mar 26 '23

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@itwithsm · Mar 25 '23

$0.08

Leo team is doing subperb job, and they will keep on doing that. I don't know much about Cub finance, but i'm going to look in to it. Burning tokens is always good for the project.

👍 zartisht

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properties (23)vote details (1)

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@olympicdragon · Mar 25 '23

$0.08

I have a few hundred cub tokens. I haven't done anything with it, perhaps could stake it into one of the pools !

👍 zartisht

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@tornad · Mar 25 '23

$0.08

Yes, I agree with you burning mechanism is very important for increasing in price. I have seen many such projects in crypto which have failed due to bad burning mechanism.

👍 zartisht
👎 spaminator

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@typebox · Mar 26 '23

$0.10

RE: CUB DAO Burns 3.0 million amid Cub as a deflationary

It’s so hard for most people to hold on to their crypto holdings especially when it’s worth is going down the drain . It only takes the bravest hearts to hodl their holdings and accumulate more in hopes of a better worth in value in the future.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@typebox/re-zartisht-fre6j)

👍 zartisht

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