What's happening at the moment

We can all see 20%+ drops across the board in the crypto markets, these are largely driven by two things that occurred in the last few days.

1. Elon Musk announcing he will no longer accept bitcoin for teslas
2. China announcing they will outlaw financial institutions using bitcoin (this is my interpretation of the events)

What does this mean for CUB

Well CUB is now down to just over a dollar, and its only natural that it falls along with the other cryptos in the markets, its seen that cryptos are correlated to each other, so this is not surprising

So what can you do to help the CUB price

Simple answer is buy CUB, lets try to keep it above $1, but there is more you can do

1. If you own Bitcoin wrap it, and then move it to BSC using the LEO bridge, the 0.25% fee will buy CUB and then burn it. (gas fees are a little high so use your own judgement if the Gas fees are worth it!)
2. Deposit your BSC Bitcoin/ETH into the Dens, the returns are great, and the 2% fee will buy CUB and burn it. You will earn back the 2% in about 2 months at current yields (if CUB price stays at $1)
3. If you are invested in a liquidity pool, consider investing your harvest in the Dens, as opposed to selling half and reinvesting in the pools, that way you aren't selling CUB, but adding extra liquidity to the pools is great too, as it allows for a higher bridge cap so either way its good for CUB
4. Get the word out on the benefits of CUB and how cheap it is to by at the moment.

If we can keep the price at $1 the yields are fantastic on the platform and you will truly see the benefits of the yields on offer, not to mention potential capital growth once all the initiatives like Kingdoms, and staking are implemented offering more opportunities to earn and burn.

Posted Using LeoFinance ^Beta