Edit: It came to my attention that this problem was already addressed in previous AMAs. I dropped the ball and missed the latest PolyCUB Improvement Proposal that discusses this matter. If you have fallen behind on what's going on you can find all the information you need here. While there take the time to vote on the most recent proposal.
Polycub seems completely abandoned, I haven't been able to attend the AMAs or keep up with everything that has been going on but it seems to me that the team is only focused on CUB and threads and completely ignored the existence of Polycub.
Although I've been away for a while I still kept my regular habit of collecting some polycub data and registering on a spreadsheet every day around noon. I noticed a ton of things that have been going horribly wrong over the last several weeks.
Where are the halvings?
Remember the monthly halvings that polycub was supposed to do every 30 days? Well, they were delayed several times, and other times they were just reversed after they happened. Sometimes they didn't even happen at all.
The biggest sell point of Polycub was the scarcity of the token while still having utility and a revenue model, as an early investor I'm extremely unhappy about the oversupply we're currently seeing.
On the 8th of October, polycub halved to 0.03125 per bock but less than 24 hours after it was back to double that amount once again.
Polycub whitepaper
The team claims that less than 7,200,000 Polycub will ever exist, that is if you assume the team is going to keep their word of halving the emissions every 30 days.
Since that didn't happen the current supply is over 7,170,000 with daily inflation of 2,500 POLYCUB. We are just twelve days away from Polycub going overboard the "real cap".
What now?
This isn't the only problem with Polycub but it is the most pressing problem for sure. Investor's confidence is crucial for the success of any project and polycub going overboard and not complying with the halvings isn't great.
I miss listening to the weekly AMAs and I already reserved the time to be able to attend tomorrow's AMA and chat with @khaleelkazi about the several problems surrounding Polycub.
The project still has a lot of potential and it is not too late to turn things around but the team must start prioritizing Polycub, fix the current issues, and start working on the collateralized lending protocol instead of developing new projects. It might be time to stop expanding and start fortifying the projects that already exist.
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Enjoy !LOL
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(7/8)
I was hoping to see more comments from the team!
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Makes two of us, but I will be asking them directly later today during the AMA
Thanks, let us know what they say!
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If this is true, it is really alarming.
Big "con" points to the team.
How, and where exactly - we can track polycub halvenings ?
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Over here you can track the current polycub issuance, I don't know how to track previous halvings. I only caught the October 8th because I collect data every day and noticed the halving happened and then was reversed right after.
Khal did make a new proposal to stop the halvings, but they stopped long before the investors had a chance to vote. In fact, the voting only stops today...
I don't believe they are trying to scam us but there are a ton of issues with the project that are not getting fixed... Team is trying to do too many things at once in my opinion.
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I was trying to figure out, when EXACTLY the PIP3 anouncement went live on polycub frontend site. And I could not.
Seems it was published in a complete STEALTH mode.
I could not find any post, coment, reference, or anything about PIP3 in the last two weeks, until it leaked out only on the very last day.
The fact that I (who is on Leofinance every day, and spends there multiple hours per day) could not notice even 1 word about PIP3 before the last day, (in fact - only 2 hours AFTER initial deadline time) - makes me feel really bad.
I still dont think Khal tries to rug or scam us, but such behavior can bring some really bad assumptions.
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