RE: CUB Monthly Report | October 2022 - 350k CUB Bought & Burned, bHBD & bHIVE Liquidity Depth Grows 30%
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The MTB Revenue has officially outpaced the amount of CUB being sold on the market each day
This only means one thing: a positive push in the price of cub, if this remains consistent for a while, I think we can begin to salvage the price of cub. Hopefully we won't see more dumps if price increases.
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I 100% agree. If we’re being intellectually honest, there will always be sellers as the price rises. People who have bought CUB cheaper or people who are constantly earning and saving CUB in the kingdom.
The cool thing about the MTB revenue is that it is growing so quickly that it is creating a floor price for CUB. If the price drops at all, it simply means the DAO is getting a discount to buyback and burn more CUB.
Eventually, the system always returns to some sort of equilibrium around revenue generation. This means that the price going up = less CUB getting bought back and burned because CUB is more expensive. It also means that the price going down = more CUB getting bought back and burned because CUB is less expensive.
Either way, the sloshing of the CUB price is healthy for the ecosystem. You move CUB out of the hands of sellers and into the hands of buyers and/or the DAO itself.
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This is genius because it creates a win-win situation. Eventually when the DAO buys less cubs it means the price is doing well, if not then it can even keep buying it cheaper since there will always be sellers. However I'm hoping we get to a situation where cub becomes too expensive for the DAO to purchase. For the greater good I guess.
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And I'm waiting for the same reaction from pCUB :)
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