So basically, I moved some of the LBI funds to CUBLIFE. I airdropped all those tokens to LBI token holders so what you lost on LBI, you gained in CL. No free tokens were given away. I did this because it will provide something that pays divs to LBI token holders.
All future tokens will be paid for in full at whatever the CL token price is on the 20th of each month so your CL holding will not be liquidated by new investors.
Full post here - https://leofinance.io/@lbi-token/cublife-cl-from-lbi-token-launching-21st-may
Hope this clears up a few things 😁
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Okay, so there's no extra tokens Cub Life that new investors can buy off the team?
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no. The airdropped tokens to LBI token holders are the only tokens in circulation, the is no team tokens. Because CL's are backed tokens, they are not created from thin air. We airdropped roughly 5300 CL's because the CUBLIFE wallet balance was $5300 at the time of airdrop and we aimed to launch with a $1 token price.
Let's assume CUB/LEO/BNB all stay the same value until the presale ends on the 20th and CL are worth $1 still. If all the HIVE, hivep and LEO collected during the presale totals $10,000 on the 20th, then I convert those funds and get them onto CUB.finanace. Because I add $10,000 to the BSC wallet and CL's are valued at $1 each, I issue 10,000 new CL tokens.
If the CL token price is $1.10 on the 20th, the same $10,000 worth of HIVE, hivep and LEO would release 9090 new CL tokens into circulation.
There will be new tokens issued every month from CUBLIFE. Did you read the post I attached to the last comment?
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Haha I'm sorry, it's confusing af...
See how it all goes :)
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