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CUB token, bLeo, Leofi and what to expect as the snapshot draws near

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Belemo
@belemo
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In case you missed the BIG news about the big news that was announced, the snapshot is finally upon us.

Hold on to your hats, underwear and genitals(I'm talking to you @trumpman) but it is finally here. The first on the list is the CUB token claimdrop that will be based on your Leo power and/or Wleo in liquidity pool.

The claim drop that will be 9 AM CST on March 3rd, 2021, less than 24 hours from now, is sort of technical sense, it is on hive-engine but not on Hive. You can read the announcement of the announced announcement but in summary, it is going to be on Binance smart chain as well.

The Leofi move will incorporate numerous features that will bring more interest towards the platform, by leveraging the trendy DeFi movement. However, it will generally add value to Leofinance community in its own way.

First of all, there's going to be an increase in demand for Leo, for the short and medium term at least.

In the short term, and I mean immediate term, there will be a buying frenzy to increase Leo power and maximise the number of CUB tokens that you can get from the claimdrop. Medium term will see people also buying up and just storing Leo to participate in the cheaper binance smart chain.

Considering the massive yield and lower transaction fees on Binance, it is possible that people might also consider pulling Wleo out and moving it to bLeo. Then again, it might not be the case, considering the volatility on Binance smart chain. My mind is tending towards the first option though.

There was not much said about the short content platform that I'm very eager about but I suspect it will be related to CUB token. With Leofinance operating on a sidechain, I think a sub ecosystem will emerge on that front and it will somehow incorporate short content and DeFi into one space.

It is left for every individual to decide which product to engage with. Personally, I'm leaning towards staking Leo, since I don't understand DeFi and I also don't have BNB to pool it against.

Despite the announcement of the announcement, there are still things shrouded in mystery about the future of Leofinance. However, if we use Leo token alone as a metric to gauge growth, you can see that this has had a positive effect on the platform.

Posted Using LeoFinance Beta