CUB Finance Launch: LEO to the Moon 🚀

There has been a lot of new developments in the Leofinance project recently. In case you missed any news, kindly refer to the @leofinance blog to keep yourself updated with what has been birthed. First, it was wrapped leo (WLEO) and it was listed on the Uniswap DEX. This allowed LEO to be traded outside the Hive community which in turn brought traction to the token. Not just traction alone, the Uniswap listing led to LEO hitting an all-time high, as whales and ETH holders got interested in the project.

Of recent too, it has been observed that the transaction fees on Ethereum blockchain hasn't so friendly rather it has continued to be on the high side. This flaw of Ethereum I believe has hindered many from participating in trading of ETH-based coins especially on decentralized exchanges. As a result, many projects have migrated to the Binance Smart Chain which allows for lower transaction fees. This migration of projects to BSC has in turn caused the Binance native token, BNB to increase drastically hitting $300 and above.

Leofinance thought it wise to expand their coast to reach the Binance Smart Chain and it is a very strategic and wise move. This expansion has resulted in bLEO and CUB tokens. Both tokens are BSC- based; meaning that LEO can now be traded against BNB while also allowing for DeFi functionalities like staking, farming and liquidity provision. This is a huge one; not just for Leofinance but for Hive as well.

The Aftermath of CUB Finance Launch

CuB Finance was launched on the 8th of March and as expected the launch news has begun showing its effect on LEO price. Following the recent bear market, LEO fell to below 2 Hive/1 and it is lingered in that region for sometime. But we have seen a price recovery starting and it will definitely hit a new all-time high. It is a good time to buy and HODL some leo tokens as it is still very bullish!

Posted Using LeoFinance ^Beta