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.
Weekly Income
Just an update, my PC is having problems and it has been stuck on repairing disk errors for around 80 hours now so i dont have access to my normal excel spreadsheets and therefore, there is no update this week. I ordered a new PC which is arriving today and when i swap out the new SSD for for my current SSD, we'll be back in business. My PC set up is 3 hard drives, 1 for OS and programs, another for files and a last portable 1 for passwords. The screwed up hard drive is the one with the OS on so simple swap out the new ones for old one then back to business with 0 files lost 🤓
Hmmm, earning this week oddly are the exact same as last week. Jes, that's strange, huh?
- Blue = BSC
- Orange = POLY
- Black = Gas tokens
You can see from the above charting we are doing great. The markets have been sideways mostly so i'd guess the value of our wallet is around the same as last week at about $6000.
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.
Roundup
To round up, dividends this week will be the same as last week. I dont have access to my meta mask wallet and im not keen to set up on my sons laptop that i have been borrowing from him the past few days. I will do the weekly harvest tomorrow when im but up and running.
Have a great weekend everyone.
