How Will CUB Hodlers Be Able to Participate in CUB IDOs?
In this clip from yesterday's live AMA, a community member asks for a simple explanation for how CUB hodlers will be able to participate in CUB IDOs.
As we've mentioned in a few dev updates / AMAs - there are 4 different types of IDOs we have designed. The upcoming 3 IDOs that are already scheduled use the overflow model developed by other platforms.
This overflow model allows anyone to participate in the IDO. It means that the raise cap can be breached and over funded - however, the additional funds beyond that raise cap are returned back to IDO participants and only funds up to the cap are utilized.
In this clip, we explain the IDO model that will be used in CUB's first IDO for a new token platform on the Binance Smart Chain. This IDO is likely to take place early next week and will be the perfect case study for future IDOs on the CUB Platform!
LeoFinance is a blockchain-based social media community that builds innovative applications on the Hive, BSC and ETH blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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