Cub is Officially Deflationary
source
Cub has already celebrated second birthday almost one month ago. Now Cub is almost 25 months old. Cub was launched at a time when bullish trend observed in the market, as a result Cub achieved all time high worth of $4.73.
Unfortunately Cub didn't maintain its worth due to dip in market and generation of more Cub coins than burning. Currently Cub is around $0.0153 which is almost all time lowest worth of Cub coin.
Interestingly Cub achieved all time lowest worth at a time when Cub become deflationary token. As per data by @cubdaily posts, Cub bought back and burned in the first two weeks of March is more than the Cub issued on Liquidity pool. It is great news as deflationary token will help Cub to strengthen its worth. Current dip in price is due to FUD in Cubdefi platform. As a result of Fud, many investors have panicked and sold their Cub at cheap rates. Selling Cub at so much price is a foolish idea, as it may give you big permanent loss. Personally I bought Cub at $3. My Cub investment is almost more than 80% down from initial investment but I still prefer to hold Cub as I believe in Leofinance team and Cubdefi.
Already more than 3 million Cub have been burned and majority of burning occurred in last couple of months. The way the buying back and burning mechanism is growing one can say that Cub has great future. Time to hold Cub instead of selling Cub. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
The cub economy has seen it all from the $4 highs to real lows.
In its journey it has reached a point where it has become deflationary and has not used its use case.
Even more importantly it has survived the bear market and the storm.
Hope it does good from here.
Hmm, it's the good time to catch up. I 👍
Cub is now a good price to buy. I have a few hundred tokens, perhaps i could stake it
Everyone should keep their assets because bull market is near and prices of all coins will boost.
Ahan! I didn't know that CUB is on LeoFinance. Btw, how much you invested in CUB token?
Now is a very good time to buy it because the price has dropped so much that if someone buys it and goes to the bull market here it will give them a lot of profit. And the way you are telling that its burning is also started, it is very good for the coins.
These are certainly good times to acquire as much cub tokens as possible while the price is on the low side . It only takes the brave hearted to hold on to their portfolios even when the chips are down .
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.