The Big Day For CubDeFi
The introduction and first IDO ever to hit DeFi for Cub is about to be here! The first up for grabs is a token called Cakepop which is a new platform that is looking to raise funds and be a dividend type platform for paying out cake.
I'll admit I don't really "get" the token and the point of it but then again I don't get a lot till I see it in action lol
The IDO is aim to raise what I believe is $125,000 in CUB that would effetely burn about 125,000 CUB in the process something CUB seriously needs as it's only been hovering around the $0.50 - $0.70 range for the longest time now. That's not really a bad thing though. It may seem like the price isn't increasing but you're actually earning that steadily though the APR of new CUB created. That's actually pretty solid and shows the system as of right now is sustainable.
Throwing in this new aspect of IDOs which should burn a good portion of the supply of CUB could end up sky rocketing the price of CUB coming tomorrow and over the course of the next IDOs releasing.
One thing for sure it's going to be interesting to watch the entire process and I'll most likely pick up some Cakepop just to support the first IDO and get a better idea of how it all works in terms of future CUBDeFi IDOs. If there's one thing about me you'll find out is that I love DOING! You can talk about something all day but until you actually do it yourself you don't actually "get it" it's often why I believe people have to make mistakes themselves no matter how much you tell them not to do it in the first place. We learn best from our mistakes so it's ok!
First IDO Tokennomics
I wont get into the nitty gritty details of the tokennomics in this post as @edicted has already done a phenomenal job of this in their posts here...
and a update here
The Future Of Cub and DeFi
I seriously believe the future for DeFi itself is bright. We are only a full year into it and things have already taken off. We learned a lot through trial and error, scams and insecure systems due to hacks. It's what I consider growing pains and ever system has them. Those issues though have honestly been small compared to real world Fiat cases that happen.
For instance, the USA Government got all crazy over a 600million dollar defi hack which let me remind you was a white hat hacker and returned what I believe was all of the funds. (Big shout out to that person we need more people like that in this world!) But the government just left 10 billion dollars and billions more dollars in equipment and tech in the hands of their enemies that attacked them back in 2001.
To me their priorities are WAY off and crypto is a clear winner in terms of giving power back to its people and allowing them to once again be able to look forward to running their own business, helping others and best of all being able to retire which seems like a far dream for many anymore.