Cubfinance
Cubfinance, the decentralized program of Leofinance, Founder Khaleel Kazi, and his 10 plus member developer team. It is also a fork of a Pancake Swap fork for safety and it is CertiK audited for safety purposes.
DeFi Project value and safety markers
In terms of decentralized finance project safety characteristics Cubfinance checks all five items on the project safety checklist:
[✔️] Known developer
[✔️] Audited Code
[✔️] Aged project terms
[✔️] Loyal community
[✔️] Ongoing development: increase value, ease of use & security
DeFi project token value
In terms of investment Cubfinance appears to have hit the sweet spot between deflationary token buy back and burn, and inflationary token minting to pay depositors yield.
What do I mean? Good question 😊
Most DeFi projects are short lived because the project token starts out scarce, but the staking and liquidity provider rewards produced by minting tokens is inflationary. So while most project tokens start out with high prices and in a few months the project price falls pretty low.
Many projects have buy back and burn features, where the project creator takes a percentage of trading fees and uses those funds to buy back project tokens and sell them. This is meant to counter act inflation and support token price. But token minting rate is usually much greater than token buy back and burn, so token inflation continues to drive the price down.
Cubfinance Founder Khaleel Kazi and his team have modified the project a few times to fund buy back and burn, but recently they built a bridge between four blockchains : Hive, Binance, Polyhon and Ethereum. The fees from this Bridge are funding the Cubfinance project token buy back and burn. This has become so successful that I have created a new use, for the old term: Flippening.
Flippening:
This term is used by Ethereum investors to mean the point when the market cap of Ethereum is finally larger then the market cap of Bitcoin. But for me and the Cubfinance community it means when the number of Cub tokens purchased in the buy back and burn function of Cubfinance are greater then the number of Cub minted to pay Cubfinance investors. The Flippening is a great goal because it means Cubfinance is burning more tokens then it mints. Thus solving the largest problem of all DeFi projects.
This means the token value/price should increase steadily, which increases the value of the investors earnings, which should attract more investment, more buying pressure and higher value/prices, and this feeds back into itself driving value higher.
The End
I will end this Happy Birthday Wish post on that note. I have been invested there since it’s inception, and I created a Hive Community investment Club to help community members invest in this project, so I am a believer in the project long term.
@shortsegments
