Introducing CubFinance's Second IDO & Launchpad V2 Model

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Starting in July of this year, we began the simultaneous development of a number of exciting features that would forever change the way CUB operated in the world of DeFi.

If you check the rankings, CubFinance has already climbed above many of its "former competitors" who launched similar DeFi platforms back in early 2021. Many of those platforms lacked innovation but most importantly: lacked the community that we have.

Our community is our strength. 💎🐾 can accomplish anything if we move as a unit and believe in the common mission.

With LeoFinance (LEO), our mission is to evolve Web3 and radically change the way the world uses the internet as continue to innovate within the crypto industry.

With CubFinance (CUB), our mission is to evolve DeFi and continually strive to bring massive opportunities to our community of 💎🐾.

On Monday of this week, we announced the new PolyCUB platform and some of the core details to prepare the community for an entirely new blockchain of opportunities that we're plugging LEO (pLEO) and CUB into.

As we mentioned: the past 4 months have been a hardcore mission of designing and developing a number of radical updates to CUB. PolyCUB is at the core of this. IDOs, vCUB DAO Staking and CUB LP Bonding are also right around the corner.

In this post, we'll dive into IDO #2 as we anticipate it going live shortly after PolyCUB.

Launchpad V2 Model

Launchpad V1 came with its own set of unique challenges and issues. We took notes throughout the process and also managed to hammer down some details from a few on-chain metrics during the IDO itself.

After reviewing all of these, we designed Launchpad V2 to handle future IDOs. Seeking to solve the short-term and long-term issues we discovered with Launchpad V1.

100% CUB Raises

Moving forward, all IDOs will utilize the Launchpad V2 model.

In a nutshell, this new model:

  1. Allows deposits of only CUB (100% CUB vs V1 which allowed CUB-BUSD LP tokens)
  2. Creates a new liquidity pool on CubFinance using the IDO token and 50% of the raised CUB
  3. Distributes the LP tokens of CUB-IDOtoken to all IDO participants at the set price of the IDO
  4. Burns the other 50% of CUB raised in the IDO

This all begs the question: what does the other team get?

This isn't a raise event for an external team to gather funding. Instead, they're getting access to 2 of the most important ingredients to building a project in the crypto industry:

  1. Initial liquidity
  2. Strong community

The initial liquidity comes from the IDO itself. By raising 100% CUB, 50% of that CUB gets matched with an equivalent value in IDO XYZ token. This creates an LP with liquidity so that the token may launch without the team needing to raise liquidity on their own.

This also provides the LeoFinance community with an opportunity to research the project, decide if it is worth taking a risk on and then participating based on that decision.

By providing our community this opportunity, the project has the chance to prove themselves to the community. They gain access to one of the most battle-hardened and engaged communities in the entire crypto industry and make all participants instant liquidity holders in their project.

For CubFinance, this solves the short-term issue we saw where the CUB price was negatively impacted by the selling of CUB out of the Kingdom and into CUB-BUSD in order to participate in IDO #1.

Instead, 100% CUB is used in the IDO. It means that anyone who wants to participate needs to either hold CUB in the Kingdom already or convert CUB-BUSD into 100% CUB or if they don't have any CUB yet; go out to the open market and buy some to participate in the IDO.

In many - likely all - cases (including IDO #2, the IDO Price of the CUB-IDOtoken LP is discounted vs. the actual launch price.. for example, deposit $100 worth of CUB and get $120 in CUB-IDOtoken value. Details on this will be announced with each IDO itself as it changes from project to project

After the successful IDO, a new farm (or Kingdom) is launched on CubFinance and incentivized with a small CUB Multiplier. This allows the project to incentivize ongoing liquidity providing and also gives 💎🐾 the opportunity to earn CUB for sticking with the new project.

In the case of IDO #2, this is going to be a CUB-IDO#2 Kingdom LP (since they will launch the farm on their new AMM Platform and we will create a cross-composable Kingdom to earn yield in both IDO#2 and CUB tokens).

CubFinance's Second IDO: A Game Changer for CUB Utility

IDO #2 is where things get really interesting for CubFinance. They're looking to raise over $1M+ in initial liquidity. This liquidity will NOT be held by their team in any way.

Instead, our Launchpad V2 model puts the liquidity in the hands of the LeoFinance community (and their community, should they participate in the IDO).

It decentralizes the holding of their initial liquidity as opposed to other IDO models where the raised liquidity via IDO is held by a team treasury.

  1. 100% CUB goes into the IDO contract ($1m+ worth of CUB)
  2. 50% of that CUB gets burned permanently from the supply ($500k+ worth of CUB)
  3. IDO#2 tokens are added to the liquidity pool to match the 50% CUB
  4. CUB-IDO#2 LP Tokens are claimed by users on https://cubdefi.com/ido
  5. IDO #2 Platform launches with one of the initial launch farms being CUB-IDO#2
  6. CubDeFi.com/Kingdoms launches a new Kingdom LP for CUB-IDO#2 (earning both IDO#2 harvests which autocompound back into CUB-IDO#2 LP + CUB Harvests)

The project running the IDO gets $1m+ in initial liquidity to launch their platform.

Note: they've also raised private funding for an IDO#2-BUSD and IDO#2-BNB farm when they launch.. "these 2 LPs will be locked liquidity held by VCs". They'll announce details in their own blog posts as they approach launch. This means there will be 3 launch farms, CUB being the largest of the 3.

We've discussed some other collaboration with the IDO #2 team and believe that we'll also have a second farm for CubFinance (possibly a CUB-ETH farm) on their platform. Additionally, bLEO may get added as an option if they choose to try and capture some TVL via our Wrapped BEP20 LEO Token.

For CUB, we're seeing a massive new utility added.

In the short-term: we're seeing $500k+ worth of CUB burned in a single IDO. We've fixed the short-term issue of seeing Kingdom hodlers forced to sell some CUB into BUSD to participate (since a 100% CUB raise means the opposite: CUB-BUSD LPs have to buy CUB with BUSD to participate and Kingdom hodlers can participate instantly 1:1).

In the long-run: we're seeing a massively deep new liquidity pool added for CUB via CUB-IDO#2. This liquidity pool will be incentivized on their platform with harvestable rewards to incentivize liquidity (likely seeing 50-150%+ APY rates, similar to the farms on CubFinance today).

CubFinance also launches a Kingdom that will generate APY from this LP (which is autocompounded back from IDO#2 tokens to CUB-IDO#2 LP Tokens) + pays some CUB Harvestable rewards APY.

A massive dwindling of the CUB Supply, a new LP that is likely to rival the value of CUB-BUSD and CUB-BNB Pools and a cross-pollination with an up-and-coming BSC AMM competitor. Bullish for the 💎🐾

What is IDO #2's Platform?

They've asked us not to release any major details about their platform or its inner-workings. Instead, our community will have to wait for their official blog posts to start dropping.

Their current status: getting a few major auditing firms to sign off on their contracts. It's a relatively large project with over 8 smart contracts governing the AMM, LPs, IDO#2 token, referral program, etc.

They will wait to launch on CubFinance until their IDO is completed and published by their auditing firm(s).

They've given us a short-breakdown teaser of what their platform looks like to share here in our LeoFinance team update:

"Our upcoming platform launch will drive intense liquidity to a brand new automated market maker on the Binance Smart Chain. We anticipate rivaling the liquidity of the top 15 AMM platforms that have operated for months on BSC through our liquidity mining incentive programs, referral programs and unique tokenomics.

To give you a small window into what we are building --- our platform will resemble similar AMMs that exist today: Pantherswap, Pancakeswap and Biswap.

We cannot wait to unleash this project on the BinanceSmartChain and to the Leo & Cub Finance community in our forthcoming blog posts!"

Posted Using LeoFinance Beta



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46 comments
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(Edited)

This is really awesome keep up the good work moving. I really appreciate the effort that this blockchain is progressing with better improvement

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To give you a small window into what we are building --- our platform will resemble similar AMMs that exist today: Pantherswap, Pancakeswap and Biswap.

Crikey, tell them to skip name-checking Pantherswap! :OD

Posted Using LeoFinance Beta

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This is a double down on CUB and if the PolyCUB was not enough, the second IDO with improved tokenomics comes into the spotlight. These launches should tighten the CUB tokenomics and bring it the value that it deserves!

Posted Using LeoFinance Beta

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I'm very happy for this update for all cub holders and all this upcoming features will definitely give cub value

Posted Using LeoFinance Beta

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Well, as far as this looks, it has to be good for CUB in the long run, as well as for the LeoFinance ecosystem. My perspective is primarily that of the long term investor... and whereas these momentary skywards blips are exciting, I'm more concerned with what something will do to my investment... by this time next year, or this time in five years from now.

Looking good at this point... I appreciate how much planning and thought you guys put into these new projects.

=^..^=

Posted Using LeoFinance Beta

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Love it! Will do a break down on a Coin Logic TV video this week! Reblogging for our audience on https://coin-logic.com! Also love that we can now track CUB on our site because it is a large part of our Coin Logic Index!

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This new IDO model sounds great. The previous one was a good learning experience and it is so good to see the lessons learned. Things are really starting to happen around here. Wen has become Nowish!

Posted Using LeoFinance Beta

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Sounds very exciting for the prospects of CubFinance! I will say IMHO they ought to leave any reference to Pantherswap out of their marketing ... Having foolishly chosen to invest in that, it turned out to be the worst DeFi investment I have made. Maybe (hopefully) this new IDO will help me recoup those losses ...

Posted Using LeoFinance Beta

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We are culminating into another hot cycle for LEO. CUB has grown up and multiplies. And the new PolyCUB has learned from all his fathers mistakes.

Posted Using LeoFinance Beta

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Is this for AFTER the Polycub drop?

It's a tough call to take tokens out of the Kingdom if they're yielding so nicely!

!PIZZA

Posted Using LeoFinance Beta

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Need to get back into $CUB again!

Posted Using LeoFinance Beta

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Where have you been? Have not heard from you in a while?
!LUV

Posted Using LeoFinance Beta

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I had to take some time off to deal with personal problems.

I back now and building my momentum again with our HIVE :)

Posted Using LeoFinance Beta

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Glad you are back now, we all have been gaining momentum on hive, leo and all over the ecosystem. It is exciting to be part of this community.
Check out #nosleepgang these peeps are constantly streaming splinterlands on twitch. But a lot of them also blog on hive and and are quite new to the experience.
!LUV

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It is exciting to be part of this community.

100%

We can't thank enough splinterlands community for bringing huge value to our Hive Network. And looking at Axie infinity, splinterlands haven't even started yet!

Thank you for #nosleepgang

Posted Using LeoFinance Beta

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This makes more sense now. So so proud to be part of this community

The innovation is massive

We need more marketing.

At least there are more reasons to hold cub

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So there will be three IDO #2 sources - the CUB/IDO#2 token will be the highest source.
I have a question about what ratio it will be? CUB/IDO#2 will be e.g. 50% of the total resources when $1m is invested in IDO? Or will it be less?

Posted Using LeoFinance Beta

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Now I am superbullish on CUB be right back just gotta get more baby lions.
Diamond paws forever

Posted Using LeoFinance Beta

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I think consider some incentive to long-term cub token holders on polycub airdrop. As new investors will also take advantage of this airdrop and after this, will invest in some other coin but loyal cub holders will remain there.

Posted Using LeoFinance Beta

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Cub is really progressing well. Thanks for your hard work in moving the Cub ahead of its competitors. Keep it up!

Posted using LeoFinance Mobile

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You have got that right community is king. I have just recently been exploring Leo, and the community is extremely active :-)

Posted Using LeoFinance Beta

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Hi @khaleelkazi

The future for your token and community looks very bright.
I am happy to have joined when I did and invested in the community.
Thank you.

@defigeek

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