Daily CUB Report | 1 Day After the Monthly CUB Burn Report
Welcome to the first ever DailyCUB! This report will focus on CubFinance and the growth of the platform. The LeoTeam released the first-ever CUB Monthly Burn Report yesterday and most of us saw a pretty profound result: over 200k CUB tokens were burned in the first month of Multi-Token Bridge being operational.
The Multi-Token Bridge has breathed new life into POLYCUB and CUB.
As someone who has Dollar-Cost Averaged into a large CUB holding since the launch of the platform, I am excited about this new direction.
My belief in the competency of LeoTeam has never waivered. While I didn't fully back the idea of not focusing entirely on CUB, I also understood the vision that the team had for trying and testing new DeFi ideas.
The fact that it has led us to Multi-Token Bridge and generating tens of thousands of dollars per month to burn CUB has made me excited once again.
In these reports, I'll cover a lot of key financial data about CUB that I uncover as I dig through the blockchain each morning.
There is a lot of easy data to find and some harder data as well. You may see things like:
- Trading Volumes
- MTB Liquidity
- Wrapping Volumes
- Arbitrage Tracking
- etc.
I am focused on trying to uncover the most data I can about CUB as I continue to accumulate for this bright future.
Follow along as I report daily on @cubdaily ๐๐ฝ
Focus of the Day
More MTB Liquidity!
The growth of CubFinance hinges on our community's ability to use the Multi-Token Bridge.
If you want to provide liquidity, do so by wrapping HIVE or HBD on https://wleo.io. Then provide those wrapped assets in one of the 3 multi-token bridge liquidity pools on https://cubdefi.com.
More liquidity is NECESSARY for CUB to have a successful future. As a big-time CUB investor, I have been waiting for something as actionable as this to make my mission. I will be providing liquidity as much as I can and instead of using Binance to trade HIVE, I'll be buying HIVE on bHIVE as well to provide more wrapping fees and trading volumes.
CUB Token
- Price: $0.022
- Total CUB Supply: 17,055,368
- Total CUB Burned: 723,334
- Total Market Cap: $370k
Multi-Token Bridge Stats
- bHBD-BUSD: $134k
- bHBD-CUB: $73k
- bHIVE-CUB: $87k
CUB Burns
You can see a really steep increase in the amount of CUB burned here in the on-chain analytics page for the burn address on bscscan.
If we start to see burns of this magnitude each month, CUB has only way to go from its highly depressed price of $0.02: up.
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
