I can't understand that Polycub still gets influx of funds...
The biggest deception of Hive and Leo
I am not going to beat around the bush here, but what happened to Cub and Polycub is the single most biggest deception I have had here on this blockchain. The promises (or better said, projections) that were made on these projects were immense. They lured people in with incredible rewards, and left them with bags of nothing, or maybe better, almost nothing. That is just a fact. Luckily I didn't put in much, I just put in some money in Cub and put some tokens into the liquidity pools of Polycub. So these can be pulled out anytime. But still, now many months later, my return is about 30 dollarcents, and my tokens have declined in value. So the net sum is negative.
Who keeps falling far it?
Now, today I saw a tweet in which was stated that 1.500 000.00 USD worth of Polycub is locked at this time. That really astounds me, as the return has been negative for the entire period. So why do people keep pushing in money into this bottomless pit? I just don't get it. When you have the option of putting HBD into savings and getting a guaranteed return of 20 %... When you have a return of 33 % or more on staking SPS and Vouchers? Why would someone choose to keep on putting money into Polycub and/or Cub? I just don't get it. Is it some form of hoping to make up for what they lost in the past? Is it out of despair? Really, hard to get my head around. But it shows that the weird world of "Magic internet money" still gets fed by people not doing their due diligance.
I am sorry @khaleelkazi for saying this, you did wonderful things for this place, with Leofinance being a huge success. But Polycub and Cub are a big fail in my opinion.
Sincerely,
Pele23
Posted Using LeoFinance Beta
Welcome to the crypto's wild-west.
Do you still have some cub or polycubs left?
Willing to get rid of them?
I'll be glad to help you.
Posted Using LeoFinance Beta
I hope,@pele23 will not agree to sell Cub and Polycub at such cheap rates:).
I will keep my holdings for now, thanks 😊
Holding is key here. Let's hope for the best.
People get sad when they don't 10x in three months. Polycub is a long term project, not a quick scheme, people don't understand that. Let them sell.
Posted Using LeoFinance Beta
This is what happens to DeFi in a bear market. Even PancakeSwap, the gold standard of DeFi is down 90%. HBD is definitely a winner at this stage of the game though...
Posted Using LeoFinance Beta
This tweet actually referred to Total Value Locked on CUB reaching $1.5M. Yes, people do love earning over 30% APY on their #HIVE and #HBD!
I'm always a fan of valid criticism. Our team keeps trying different DeFi models in an attempt to discover a sustainable model for DeFi - one where we can grow liquidity, keep high yields and continue to drive in capital and attention for the LeoVerse.
That being said, CUB/POLYCUB have mapped to broader crypto market pretty closely - although, DeFi got hit harder and so did they.
The only way you're not sitting on a -80% in your portfolio is if you were sitting in stablecoins the past 12 months.
Compare SPS to CUB and you see a very similar effect across the whole crypto space. We saw a big boom and then a decline and likely a big boom at some point in the future.
It's just funny when people look at these things in a vacuum and forget that the whole market (not even just crypto) has tanked this year.
That all being said, valid criticism. We need to build a better DeFi model and I truly believe that we've achieved something special with CUB's Multi-Token Bridge. CUB is up over 30% since the launch of the MTB and more than 600k CUB has been burned in just 8 weeks. Likely to turn into millions of CUB burned by year's end.
Posted Using LeoFinance Beta
I get you are defending the project, but I will stay away from it. The comparison with SPS is understandable, but all my SPS got airdropped, which is actually free money, bringing in a return now. Still, I really hope you succeed with it. I really hope it for all the early investors!
People get fiddled when they don't 10x in three months. Polycub is a long term project, not a quick scheme, people don't understand that. Let them sell.
Posted Using LeoFinance Beta
It is actually Cubdefi platform which has surpassed $1.5 million liquidity. You raised a valid point. One of the reason of huge investment in Cub is that Cub has more than 99.5% down from its all time high worth. The way Cub is gaining investment, one can think that it may rise again. Cub has already showed good performance during last 10 days as it observed 28% rise. This helped investors to build Cub trust. It is a fact that people like me who purchased Cub above $3 are unhappy of the big dip, but in my opinion, there is probability the Cub may rise again specially if it become deflationary total.
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Polycub is a long term project, that's all I'm gonna say.
Posted Using LeoFinance Beta
Can be, we’ll see, I am holding the little I have