CUBLIFE (CL) - Weekly report #10

Authored by @silverstackeruk

Hello, LBIer's and CLer's. Welcome to this weeks CUBLIFE (CL) token update. We are going to look at this week's CUB harvests, reinvestment and weekly dividend APY. This update post is released weekly, dividends are paid in LEO every Friday at 9 pm UTC and new CUBLIFE (CL) tokens are issued once per month every 21st.

What is CUBLIFE?
CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet.

Black = Farm
Grey = Kingdom

So this week we have almost the same as last week but a bigger dividend. CUB is up which is cool but LEO/ETH/BNB are all pretty much the same. This results in more LEO as CUB is up and LEO is the same, it's maybe down a 1/10th of the cent down from 168 hours ago.

We harvested around 15 less CUB this week which is good, we've been hovering around 450-500 the past 4-5 weeks so im hoping the next token issue on the 21st will help to push this to over 500 CUB per week. After converting 60% of this weeks harvest to 995 bLEO and unwrapping it to the LEOfinance wallet, I reinvested this weeks remaining 40% into the ETH/BNB kingdom. You can see it's worth around $700 so we'll be continuing to top this up until im happy and ready to move onto BTC/BNB. As more tokens are issued each month, these weekly 40%'s will increase over time. Right now, they are worth roughly $140 but in time, even without the price of CUB increasing, this could be $200 or even $500 if enough people see this token is paying out 70-90% APY in LEO dividends. CL's ROI compared to LEOM or leo.voter is black and white. I know they are not the same thing but they are the only other ways to passively earn LEO tokens. I love leo.voter as I can earn 16% from HIVE but CL is doing 70%+ every week. We should be receiving thousands of LEO and HIVE every month. I guess just not a lot of people know about it are dont like the monthly buy-ins are something. Anyways, if your reading this, my guess is your holding some CL so well done to you. You earned a weekly LEO dividend equal to 88% APY.

I would expect the price of CUB to go down a little as the buzz wears off and i hope it stays above 60 cents. I heard there is going to be some big CUB burning soon which will help massively and of course, the news of an airdrop snapshot will also pump the price for a few days as well so good things happening around CUBfinance. If we can stay over 70% per week, we're laughing all the way to bank.

This month's CL token issue Every 21st of each month, new CL tokens are issued to those that have sent either HIVE or LEO to the @cublife before the end of the 20th. The month goes 21st-20th. If you send in funds on the 21st, you'll be waiting till next month. Conversions take place once per month on the 21st with new CL tokens being minted to the same value as the existing ones in circulation. There are 12 CL token issues per year.

You can transfer LEO/HIVE or HIVEp from hive-engine. If you send both LEO and HIVE, you will receive 2 token issues, 1 for each. You can confirm your funds have been received in the table below which are posted weekly and updated 2-3 times per week.

If you have sent HIVE over the past week and do not see your name below, i am having problems with hive-engine and it showing token histories. If you send HIVE directly, your name should be below. I got you standing order @bashadow. I am sure they will have it fixed soon but just to be safe, please drop a comment below if your sent hive pegged on hive-engine as i see the balance is up from last week.

If you have sent funds before today and they do not appear above, please write in the comments below with a snapshot/trans ID and we'll get it fixed.

That is it for this week, there are 5 days left to get involved in this month's CL token issuing on the 21st so we look forward to this. Most people hold off to the last minute (i do it myself, lol) so fingers crossed, lots of new tokens minted and issued month to savvy savers this month.

Lastly I should have wrote this above but last week I spoke about removing some LEO from the dividend pool to start and save for 1000 BEE so we can use hive-engine staking and let people auto-compound all are part of their weekly LEO dividends back into getting more CL tokens. I have removed 79.17 LEO, these funds will be converted to BEE and gathered until we have 1000.

Running total..... 16/07/21 - +79.17 LEO - Total 79.17

Thanks for taking the time to read through this weeks CUBLIFE report. It's been another boring stable week which is good for now. Have a good one and your dividends will arrive this evening so dont forget to check your wallets :)

Posted Using LeoFinance ^Beta