Daily CUB Report | CUB Set to Flip Deflationary by the End of October (30 Days Away)

avatar

image.png

The Multi-Token Bridge continues to vortex in new capital. Seeing the bridge grow has been like watching a rocket ship take off.

Clearly users are happy and ready to provide liquidity for bHIVE and bHBD on the BSC. We need to see more and more wrapping activity for HIVE and HBD -> BSC in order to grow from here.

The Multi-Token Bridge has reached $500k in TVL. We need to see more TVL if we want to flip deflationary.

It seems right now that we are nearly 45% deflationary. Which means that more than 45% of the oncoming supply is getting bought and burned on a daily basis.

All else being equal, $1M In Multi-Token Bridge TVL may result in us being deflationary. I expect us to hit $1M by the end of October which means that we are only 30 days away from flipping deflationary - more CUB getting burned than created for mining incentives.

There is only one direction that the CUB price can go in the long-run if more CUB is getting burned than created.... that direction is up!

Follow along as I report daily on @cubdaily 🙏🏽

Focus of the Day

Drive in more capital to the MTB.

We need to reach $1M in TVL on the multi-token bridge as fast as humanely possible.

The faster we get there, the faster we flip deflationary. It's never been more important that we achieve this than now!

CUB Token

image.png

  • Price: $0.02094
  • Total CUB Supply: 17,564,346
  • Total CUB Burned: 1,029,256
  • Total Market Cap: $364,437

Data Sourced On-Chain

Multi-Token Bridge Stats

image.png

  • bHBD-bHIVE: $73k
  • bHBD-BUSD: $213k
  • bHBD-CUB: $97k
  • bHIVE-CUB: $104k
  • Total: $487k

Data Sourced On CubFinance

CUB Burns

CUB Token 2.png

The CUB Burns are creating a new narrative for CUB. Our new norm is that tens of thousands of CUB are being bought and burned from the market every single day.

What kind of effect does this have in the short-term?

In the short-term, we're seeing a permanent buyer. One that is buying constantly and removing tokens from circulation. That's the CUB DAO. It can create short-term price volatility as the DAO buys and removes those tokens.

In the long-term, the DAO will create a positive trendline for CUB. You'll start to see the DAO buying more and more CUB on a daily basis which will ultimately lead to us burning a significant % of the total CUB Supply.

If the price of CUB stays low, we will flip deflationary. If the price of CUB increases, then we may burn less CUB tokens but we will drive in more Multi-Token Bridge Assets getting pooled on https://cubdefi.com... that's long-term bullish!

image.png

Further Reading:

About CubDaily

I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.

Posted Using LeoFinance Beta

cubdaily ctp palnet hive development cub hbd defi leofinance
0
0
0.000
3 comments
avatar

Congratulations @cubdaily! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 3000 upvotes.
Your next target is to reach 3250 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Day - October 1st 2022
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply