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CUB DAO Burns 3.0 million amid Cub as a deflationary

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@zartisht
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Cubdefi is the first defi project of leofinance. Introduction of Multitoken bridge, BHIVE and BHBD and buy back and burning mechanism helped coin to increase burning. CUB is generating revenue through wrapping revenues, oracle staking revenues and arbitrage revenues.

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All this revenue is sent to CUB DAO that autonomously buys and burns CUB. CUB DAO has almost burned more than 3 million CUB. Almost more than 0.5 million Cub has been burned in just last 3 weeks. 0.5 million is almost one sixth of the total burning token. One sixth burning coin in 3 week is a great going. Cub which at one stage touched all time high worth of $4.73 is currently trading to its all time low worth of $0.016. Cub has almost more than 99% down from its all time high worth. One of the main reason of dip in Cub price is minting of more token than burning.

Cubdaily has disclosed through post that in first two weeks of March more token was burned than the token issued on LP. This make Cub deflationary token. Despite all these burning Cub is loosing worth. Strange to see the dip in Cub worth.
One of the main reason of dip in Cub worth is the massive selling pressure by people. In my opinion selling Cub at such price is a foolish act. It will give you permanent loss. Personally I bought few token at $3. Now the worth of coin is no where near its buying price. Almost, my current status is more than 80% down from initial investment, but I would still love to hold CUB as I believe in this project.
Cub is a real gem at $0.016. Cub at current price provides a good buying opportunity. More buying will help Cub to gain worth. Time to accumulate more and more Cub. Cub has great future. What is your opinion? This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.