The process of transferring the CUB and staking it was probably very simple to trading-experts who have done such operations a million times. But, to people who aren't experts on trading, the whole process seemed complex. To successfully complete the operation, one had to:
- sign-up for an account on the Binance exchange
- download MetaMask (or Trust Wallet, etc.) and configure it to be a BSC Wallet
- purchase BNB (from where?) to cover the fees and move it to the BSC wallet
- create an account on CubFinance website
- transfer the CUB from Hive-Engine to BSC Wallet
- move the funds to the "Den"
- Figure out the "Compound" and "Harvest" operations
- Hope nothing goes awry along the way
There was also a relatively short window (about a week, I believe it was) to perform all these operations. People who were offline for a week due to illness or being on "holiday" faced a daunting task when they returned — unless, of course, they are experts on trading/DeFi operations.
Very little assistance was available. People who requested assistance in the LeoFinance Discord (or other Discords) were either completely ignored or derided for their lack of knowledge. 😕 I read only one post that made the process seem halfway simple, but still left many questions unanswered.
So, yeah, I was one of the ones who sold my CUB rather than dealing with all this. When you buy your lambo next week, I might have some regrets at selling my 2.33 CUB, but I feel okay about it now. Since CUB seems to be available for purchase [somewhere? according to one post I read], I suppose people could come on-board with it later, perhaps?
RE: Are People Really Selling CUB?