"We have done a complete 180 degree turn in the business model governing CUB Finance on BSC."
What does this mean with regard CUB itself. Is it no longer relevant?
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"We have done a complete 180 degree turn in the business model governing CUB Finance on BSC."
What does this mean with regard CUB itself. Is it no longer relevant?
Posted Using LeoFinance Beta
Quite the opposite, actually. I highly recommend reading the 1st CUB Monthly Burn Report which outlines the strategy of the Multi-Token Bridge: https://leofinance.io/@leofinance/cub-s-first-monthly-burn-report-or-august-2022-204k-cub-bought-and-burned-50-yield-on-hbd
The strategy is utilizing the Bridge to generate revenue from:
Then, buyback and burn CUB with the revenue. Since implementing this strategy ~500k CUB has been burned
https://bscscan.com/token/0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1?a=0x000000000000000000000000000000000000dead#tokenAnalytics
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OK. Thank you. The way it was written made it sound to me (being somewhat the defi challenge) as though the focus had shifted from CUB to the Hive tokens. 😂
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Lol yeah glad to help!
Nope CUB is being paired to bHIVE and bHBD and simultaneously, bHIVE and bHBD generate a disproportionate amount of revenue for CUB which burns CUB daily
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