Over the past week, many steps were taken to bring the Cublife token to life. It started with the snapshot of LBI token holders last Friday. At that time, all those who had at least 10 LBI were in line for the airdrop of the Cublife token when that took place.
That occurred this past Monday, with eligible individuals receiving the token in the Hive-Engine wallet.
This is leading us up to the next milestone, the distribution of the weekly payouts in two days. On Friday, all Cublife token holders will get their associated payout based upon what was generated this week on CubFinance.
Cublife is one of those passive income opportunities that is offering a steady stream of income similar to EDS. While a bit different in the make up of that token, the idea is not to be speculating upon price the same was we do with other tokens. Instead, the key is to watch the revenues flow in based upon the farming on CubFinance.
This is an important step for people to take. Cryptocurrency is still basically treated like a casino. People get involved based upon speculation. They buy token A at a certain price believing that it will achieve a much higher price in the future. That is what we see on a daily basis. People are looking for the mooing.
There is nothing wrong with that especially since we all want to be on the proper side of a large move higher. It is fund when something goes from under a cent to a few dimes overnight. Having a 30x or 50x gain can really get the juices flowing.
However, from a money management standpoint, it is important not to have everything at risk all the time. In other words, there is a time when it is best to take a bit off the table and set it aside. This, of course, brings up the point what do we do with the money.
The key to wealth generation is to keep the funds working. While getting away from speculative assets, to a degree at least, that does not me we just want to buy a stablecoin and let it sit.
Here is where a token like Cublife can really play a role. The idea is not to focus so much upon the value of the Cublife token itself. Certainly, we all hope it appreciates over time. That, however, is the secondary reason. The primary is the income that is generated off it via the farming activity.
The way Cublife is structured, all payouts are in LEO. Certainly, over the long term, it is probably best if one is optimistic about Leo going forward. That is not necessary though. Even if the person want to unload the LEO as soon as it is received, there is that avenue if it is desired.
Is there risk associated with it? Like all things financial, there is a degree of risk. After all, people who own and rent out real estate risk that the value of the property will go down. Nevertheless, in that situation, people are mainly focused upon the month-to-month cashflow. That is the priority as opposed to speculating on price such as a flipper.
DeFi carries with it many risks. One thing we can pretty much cross off the table is the idea of a rug pull. The Leofinance team, over the past two years, showed how it is reliable and capable of bringing out an assortment of products. This will only grow as they try to cement themselves are long term contributors to the cryptospace.
We also have the market action that comes with it. The value of tokens move up and down. We also have the different balances within liquidity pools, which can be constantly changing. These are all factors that can hinder payouts.
With this project, all payouts come in the form of CUB, which is then converted to bLEO, unwrapped, and distributed to the Cublife token holders. The value of any of those tokens will change over time.
Nevertheless, anyone who participated in DeFi on any level will likely understand most of this. It is commonplace for this space. The key here is that the fees are all being wrapped in a few transactions as opposed to each individual having to pay them. This will certainly help the return over time.
We will be watching what CubFinance does over the next few months. There is a lot being added to that platforms based upon the information that team provided. There was an announcement that mentioned Kingdoms is very close to be released, depending upon when they receive their audit back.
Over time, we will see what options are provided to compound the returns that are available.
For now, we will see the first payout in a couple days.