Authored by @silverstackeruk
Hello, LBIer's and CLer's. Welcome to this weeks CUBLIFE (CL) token update. We are going to look at this week's CUB harvests, reinvestment and weekly dividend APY. This update post is released weekly, dividends are paid in LEO every Friday at 9 pm UTC and new CUBLIFE (CL) tokens are issued once per month every 21st.
What is CUBLIFE?
CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet.
- Black = Farm
- Grey = Kingdom
Been a good week for harvests this week, we got over 500 CUB this week. My guess is the dollar value of our holding is up and because CUB or earned on $ amounts, we're gonna earn more. The dividend % is still floating around 40% and the price of CUB is about the same as last week. Let's see what the rest of the bullrun does for us.
Looks like LEO wrapping and unwrapping is back up and running because this week unwrapping. Still waiting for the refund to come through from last week but im sure it'll arrive sometime.
This month's CL token issue
Every 21st of each month, new CL tokens are issued to those that have sent either HIVE or LEO to the @cublife before the end of the 20th. The month goes 21st-20th. If you send in funds on the 21st, you'll be waiting till next month. Conversions take place once per month on the 21st with new CL tokens being minted to the same value as the existing ones in circulation. There are 12 CL token issues per year.
You can transfer LEO/HIVE or HIVEp from hive-engine. If you send both LEO and HIVE, you will receive 2 token issues, 1 for each. You can confirm your funds have been received in the table below which are posted weekly and updated 2-3 times per week.
Leo
Hive
Roundup
Been a decent week, no drama. There are around 2 weeks to get involved with this months CL token mintage and the price is cheap in HIVE after its recent price surge.
Dividends will go out tonight as always and is a great way to kick off the weekend. Have a great week, let's hope ur bags continue to pump.
