RE: New LeoFi Products, Snapshot Announcement, CUB Tokens and BEP20 LEO

[gillianpearce]

I'm still confused. I thought I'd got it sorted. I'm not ready to get involved in DeFi at this point so as I was reading through the post I thought I'll just stake my tokens then as per . . .

CUB tokens will start to be airdropped to your Hive wallets.

But then it said . . .

which will explain how exactly to utilize CUB to claim the drop on the Binance Smart Chain

So does that mean that we can't use CUB if we don't get involved with Binance?

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Comments

[nathen007]

That's exactly what I read into this post and so I will tag on here to await your replies! It would be a real hsame if that were the case though!

[eirik]

Looks like it.
I am not sure why they picked Binance Smart Chain though.

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[khaleelkazi]

BSC is essentially a more scalable but lower trust version of ETH (more centralization = lower fees but not as decentralized as ETH).

BSC has continued to grow and will continue to grow in our opinion. It's a great place to attract capital and new users

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[gillianpearce]

So going back to my original question . . .

does that mean that we can't use CUB if we don't get involved with Binance?

I'm grateful for the tokens, just trying to get my head around it. 😊

Thanks

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[eirik]

You will not be able to use CUB Finance without using Binance Smart Chain.
It is what it is.

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[gillianpearce]

Yeah. No use to me then. I just read this on a post by @gadrian which comfirms it . . .

if you trade the CUB tokens which are created and will be airdropped on Hive-Engine, the buyer can't use those tokens. They are linked to the account being airdropped to. So the only way to use CUB is to claim them on BSC.

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[allcapsonezero]

...but you could sell your CUB airdrop on Hive-Engine to someone who intends to use BSC... oh wait... maybe not.

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[mcoinz79]

☝🏽☝🏽☝🏽☝🏽☝🏽 That’s my main question

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[gillianpearce]

I just read this on a post by @gadrian

if you trade the CUB tokens which are created and will be airdropped on Hive-Engine, the buyer can't use those tokens. They are linked to the account being airdropped to. So the only way to use CUB is to claim them on BSC.

so it seems like we won't even be able to trade them. 😢;

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[eirik]

Good luck!

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