Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, first decentralized platform on Leofinance Cubdefi observed thick and thin period since its launching. At one stage Cub was trading around $4.73 and than the dip came in the market. Cub is currently trading around $0.022. Cub has almost observed more than 99.5% dip from its all time high worth.
Cub DAO again pickedup momentum after the launching of bHive and bHBD. Multi token bridge launching helped cub to gain 30% worth. Remember the growth came during bearish market. This is a good sign. First Cub maintain its worth and now it is slowly and steadily moving upward.
One of the main reason of gain in Cub worth is introducing new features and burning model. Burning is growing exponentially as Cub DAO is approaching to burn 500K Cub every month. Huge number considering that in last 18 months almost more than 1.14 million Cub burned. 500K Cub burning every month will accumulate next million in just 2 months.
Huge burning may help to make coin deflationary token. This will help to strengthen Cub worth. In my opinion Cub at current price of $0.023 is pretty cheap. It is good time to collect as many Cub as we can. There is a huge possiblity that Cub will rise again. Even if Cub manage to achieve $0.5 worth, it will increase your assets to 25x.
CUB DAO farming pair also plays a vital role in the growth of Cub. CUB is offering more than 27% APR on its stable coin pair. The number of APR is as high as 37.65% on Cub-BHIVE pair.
Cub has a great feature. Although my earning on Cub is negative despite collecting more than 8,500 Cub. I hope that Cub will bounce back after introducing new features and development. What is your opinion my friends? Do you believe that Cub will achieve some thing big.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.