Daily CUB Report | 0.5 CUB Per Block is Now Getting Bought and Burned by the CUB DAO
The latest CUB monthly burn report was posted by the team yesterday and we called it in these daily reports: November was the largest buyback and burn month for CUB so far!
The MTB protocol generated a whopping $9,125 for the CUB DAO and the DAO bought and burned 410k CUB with that $9,125.
Pretty freaking crazy.... That's such a large amount of CUB!
In fact, that is 50% of the monthly CUB inflation. You got it: we are now halfway toward the goal of flipping CUB deflationary (buying and burning more CUB per month than is issued to Liquidity Providers through block rewards).
1 CUB per block is generated by the protocol and now, 0.50 CUB per block is bought back and burned by the protocol.
Let that sink in.
Follow along as I report daily on @cubdaily ๐๐ฝ
P/E Analysis of CUB
Here's a new section I'm trying out. I decided to run a P/E analysis of CUB using data from each Monthly Burn Report posted by @leofinance. Check out the second analysis I ran and leave a comment below with your thoughts.
Keep in mind that a low P/E ratio is good. It means that the revenue that CUB is generating each month is increasing faster than the CUB price is increasing (more revenues earned per share of CUB).
Locked CUB
A new section! The new CUB Kingdom is now live and we can track the amount of CUB locked and how long it is locked for.
- CUB Locked: 5,133,357
- Avg. Lock Duration: 31 Weeks
CUB Token
- Price: $0.0206
- Total CUB Supply: 19,189,206
- Total CUB Burned: 1,801,714
- Total Market Cap: $393,141
- Total Value Locked: $1,257,192.14
Multi-Token Bridge Stats
- bHBD-bHIVE: $144k
- bHBD-BUSD: $285k
- bHBD-CUB: $127k
- bHIVE-CUB: $136k
- Total: $692k
MTB is still steadily grinding higher! Despite the market dropping in value (mainly from HIVE & CUB not performing well the past 7 days).
CUB Burns
1.8M CUB burned!
Wow this is incredible to see. We're going to cross the 200k CUB burned mark this month and nobody even saw this coming.
Just 4 months ago, we didn't have bHIVE and bHBD... Now they are burning 400k+ CUB every single month! Craziness
Further Reading:
- Latest Reports From this Account: @cubdaily
- Latest CUB Burn Report From the LeoTeam:
About CubDaily
I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.
Posted Using LeoFinance Beta
