I was reading an update yesterday from @leofinance about cub and it felt really good. This is because the team was looking for a way to positively cushion the price, by buying the cubs back and burning. The cool aspect was that when the cubs are becoming expensive to buy, it translates to the fact that the price of cub is doing well, when it's cheaper to buy.
it means there are a few dumps here and there but it's still not too bad since More of these cubs would be bought and burnt, either way, a win-win situation is achieved and cub might still maintain momentum in price, because of the price action of the leo DAO in the market.
This is a great mechanics
The thing is, a project is as good as the people who are invested in it and the truth is that in the crypto space, whether it's a Blockchain token project or full-blown crypto, people will always judge a project by the price and this is because this is the first thing an avid investor will take cognisant of that might warrant them to even begin to do their research.
So it's difficult to sell a project with the prospects it promises in the future and this is because people want the excitement of positive price action in the market and also the prospect of having a better and more prosperous future. However, the future is hardly considered, you can sell people a crypto project using the position on coin market cap and this is because figures easily excite people.
Money & Figures Buys You The Figurine
Why not?
Crypto has set an aggrandizing mindset in the minds of people who are potential adopters, this is why people will first come for the money before they consider the utility of the tech. On the hive blockchain, we believe in cushioning price by cultivating positive actions that might push the price so it could still be as attractive as ever for in-chain investors and external investors.
This is all because a healthy conglomerate of Investors and users will reflect directly on the chain and this is why I loved the update from @leofinance. This isn't all, HPUD and LPUD are project initiatives that encourage users to lock up liquidity. So when you have let's say 10k people powering up 20 hive on a designated day, the potential coin that could have ended up on the exchanges are being locked and used for development on the blockchain.
The Bear Market Is notorious In One Aspect
This means that one way or another, we're trying to save traction and relevance for not just hive but also the other underlying projects that are built on it. The bear market is notorious for making Crypto projects lose traction, although there's no Crypto that doesn't lose any form of traction in the bear market, even bitcoin does, this is because there are people who would panic sell during the bear market and try buying them back when the price is high.
There's always going to be the chance that you'll hear less of crypto being the game changer in the future and this is because people are buying into the price to dispute this fact. So, on Hive it's the same too, this is why hive is a flexible and functional blockchain because of how we try to build solidity, use-case, and utility away from the concentration of price.
Cushioning Price With Creative Concepts
However, bringing up initiatives to cushion and sustain price is pure ingenuity, this is why I'm loving the constant tweaks and changes done by leofinance irrespective of the price, the team keeps working tirelessly to bring back traction to cub in a bid to sustain the price since the project already had outlined goals for its investors.
The constant attempt is what is thrilling. Just like it's been announced that hive is now supported for ledger wallets, the constant effort to create usability is how we get closer to utility and traction and even if we haven't gotten there, these constant efforts are what eventually translates to progress, despite how slow it is.
At the end of the day
It's left for us to build what we want to enjoy, nobody said decentralization doesn't come with its downside, eventually, this is to say, we're the ones who will build what we want to enjoy. It's of no use calculating when hive will eventually hit it in the aspect of traction and money, these things will eventually take a long, but pulling the strings towards maintaining a stable and functional blockchain.
Interested in some more of my works?
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Posted Using LeoFinance Beta
Definitely recent Leofinance as been like thr the face of the hive Blockchain, I stand to be corrected if am wrong, but base on my view the Leofinance community as been giving more base on the level of initiatives, project and ideas coming from the team always.
To me Leofinance community is definitely making Hive Blockchain more valuable
Posted Using LeoFinance Beta
Splinterlands and Leofinance has been the front of the hive blockchain and this is because this is where the utility is higher. Hopefully we can see other project that can join the party.
Posted Using LeoFinance Beta
Wow, just getting to hear about splinterland recently, but still new to this community, but later I will definitely check that out too,but for now , Leofinance comes with lot of utilities.
Thanks for the upvote
Posted Using LeoFinance Beta
Thank you for imparting knowledge, sure we can build a stable blockchain network. The power of teamwork can never be underestimated.
As a group, our collective effort will enable us to accomplish our goals most effectively and efficiently.
Generally, in the Blockchain space, people get to build what they want to enjoy, from shilling to powering up and all that, the big vesters eventually wins bigger.
Posted Using LeoFinance Beta
Sure, that's correct man. Let's keep pushing till we get to the top as well
A buy back hasn't been a bad idea.
It hasn't
Posted Using LeoFinance Beta
Sure.
I think it takes time for things to play out and I also saw the information about CUB. It looks like the mechanism had to buy CUB with slippage. While the prices have dropped, it does seem sustainable but most people tend to chase after the ones with the best return.
Posted Using LeoFinance Beta
Leo finance team is doing an amazing job by bring value to cub and a way to generate revenue and this is used to control the price. Irrespective of the season building a sustainable project is the goal.
Posted Using LeoFinance Beta
Well said chief, But it seems like this is not the first time they've made moves to burn Cub. For some reason, the interest rates in Cub make me sceptical and I just prefer Hive savings instead. Powering up day is a beautiful example of how Hive as a decentralised community is helping itself.
I have been slacking because I haven't had enough to sacrifice to the Gods of Hive but this month my goal is high and powering up will be the least I can do to show my appreciation.