The CakePop Team has announced the long awaited first IDO, with Cubdefi.
Announcement Here
I for one am not afraid to admit I've never been in on an IDO before and reading the post didn't do a lot to clarify what the purpose of an IDO is.
Of course I googled IDO Silly.
Is there any real ambition or need for a new dex? Or is this just a fancy way to distribute tokens?
I mean Defi is still young and the Binance Smart Chain [BSC] is still young, so these new projects have time to mature into major projects as user adoption goes up.
I'm super excited to see how this plays out, but I'm not sure I know what the purpose is.
Mansplain Me in the comments. (Yes, girls can mansplain too, I define it as getting to point as quickly as possible without BS)
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9 out of 10 times anyone shills you a coin, it is to pump their dump.
I've got an NFT to sell you!
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Which?
That is exactly what it is.
Yoind people these days have no appreciation for slowly building stacks over time and increasing their value.
It's all about the DEX, IDO, ICO, IRA, WEN that mean nothing.
Same shit, different pile.
True.
I'll probably still buy some anyway. Because I'm as suseptible as the next fool. 🤣
We'll see more and more of this. This is a community that basically flaunts its money. It's really easy to see there are people here, with money. Therefore, it's a market to tap into. Easy money. A bit of hype and a few clicks is all it takes to move the money.
Person replies to comment and upvotes comment for money, the cycle continues and you get richer
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Person values honesty, time, integrity, and humor. Rewards honesty, time, integrity, and humor, accordingly.
I don't know whether to agree or disagree or cheer or cry.
BUT... I loved the answer.
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You do not require the same things repeated a different way?
LOL, well.. It could be fun to be honest!
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impatient tone
Sheesh, why didn't you say that in the first place.
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Because I'm only pretending to know what I'm talking about.
LMAO. This actually happens everytime!!! Hype gets things moving. That's why one shouldn't go all-in on day one. Wait for a few days or weeks, when the price settles, then BTD. 😁
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If people converted hype levels into candles, you'd have a far more accurate indication of when to make moves.
😂 Hype candles would denote fake bulls. Nice one!
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Lol.... people eh
nods confidently
LOL
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I didn't understand anything either, but I just blindly trust the Leo-team. For good or worse xD
I was here for the comments :D
IDO is simply a decentralized way to crowdfund for a newly launched project. We had ICOs, then came in the IEOs and now IDOs.
This one looks cool if you believe in CAKE and like getting Dividends.
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I like both. Or.. IDO!
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Haha. This one's like https://kittycake.app/
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Thanks! I'll check it out.
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I didn't really understand much either, but with $5 I think I can buy 10K cakepop tokens.
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Well an IDO in this case is more of an ICO in my opinion considering that, at least from the post, the token is nothing more than a dividend paying token no different than SugarRush which pays in BNB (SugarRush can be farmed) or BabyCake which pays in CAKE (can only be purchased & sold) other than they will have a website where you can track the dividends you have earned. The biggest things that really put me off was that 35% of the entire supply is owned by the team and a minimum of $1,000 in CakePop at launch price will need to be held to receive the minimum amount of dividends.
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Excellent points!
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This is a good explination of what a IDO is, kind of like an IPO.
So better start saving my pennys for this
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It's just ICO with a Dex twist.
Nice mansplain!
Why would anyone invest in anything with graphics that look they were designed by a 12 year old in 1998?
I can't bring myself to even read about the tokenomics, This just LOOKS terrible.
I sold some Cub on the basis of this.
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Have you seen the rocks? lol
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