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CUBLIFE (CL) - Weekly report #19

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LeoBacked Investments - LBI
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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

This weeks CUB harvest are the same as last week at around 440 CUB. The price of LEO is down a tiny bit from last week, I mean a tiny bit so this weeks LEO dividends will be a fraction higher than last week.

Dont forget Septembers CL token minting and issue will take place in 3 days on the 20th.

This weeks 40% of the harvest was invested into the BTC/BNB kingdom as we continue to grow that.

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.

Leo

Hive

Roundup

Nothing much has happened this week with the price of crypto going sideways. I have not forgotten about adding staking to CL to offer investors the choice between either LEO dividends are auto compounding. Our coder is busy working on something for another project under SPinvest so we'll n eed to wait a few weeks. Apart from that, no real updates over than this month buy ends in 3 days.

Dividends will be paid out this evening, have a great weekend everyone.

Posted Using LeoFinance Beta