Cub is Officially Deflationary

Cubdefi the first defi platform on Leofinance. Cub was built on Binance Smart Chain which made transfer of asset from Hive to Binance Smart chain is easier. Cub has not performed well according to its expectation despite having a good use case.

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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.