CUB Token

CUB is a Base Layer Token to Continue Our Project's Expansion into DeFi on the Binance Smart Chain: Expect New Applications & Contracts that Continually Seek to Generate Revenue to Burn CUB & bLEO

No Presale

Most yield farming projects launch with a private token presale of some kind to raise initial liquidity. As an established project (LeoFinance originally launched in July 2019), we don't need presales or any sort of token offering to raise funds. Instead, we opt to provide the most value possible to LEO token hodlers.

With the launch of CubFinance, we've decided to take a % of the base stake (what would normally be used as a presale) and airdrop it to long-term LEO stakeholders. People who have staked LEO for an extensive period of time over the past 2 years on the LeoFinance platform.

We've built what we're calling a "hybrid claimdrop" which is a similar system used by projects like Uniswap and 1Inch but with a few unique twists because LeoFinance is a cross-blockchain project.

You can find the "hybrid claimdrop" details in this post which also discusses how this drop is uniquely designed to encourage existing LeoFinance users and stakeholders to participate in liquidity pools on the Binance Smart Chain (BSC) via bLEO and other liquidity pools.

CUB Token:

Contract Address: 0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1

Chain: Binance Smart Chain (BEP-20)

Supply: Unlimited

Coingecko: (Coming Soon)

CoinMarketCap: https://coinmarketcap.com/currencies/cub-finance/

Emission Rate

Week 1: 3 tokens / block

Week 2: 2 tokens / block

Week 3: 1 tokens / block

Note: Week 1 starts on March 8th (launch day) and ends on March 15th. Emissions rate is reduced on the 15th to 2 tokens / block until the following week where it drops to 1 CUB / block.

Burns

As mentioned above, we're a two year old project and unlike other yield farming platforms, we don't rely on collecting revenue via presales and burn fees.

Instead, we opt to use 100% of the revenue collected from the 4% burn fees to buy and burn CUB and bLEO (LEO) tokens.

  • 80% of the 4% burn will be used to purchase CUB and burn it

  • 20% of the 4% burn will be used to purchase bLEO (LEO) and burn it

bLEO (LEO) is the native token of the entire LeoFinance platform. You can think of LEO as being the lifeblood of our entire community project with tokens like CUB being our expansion to other blockchains (like Binance Smart Chain). In addition to launching CUB, we launched the bLEO token which is the wrapped equivalent of the native LEO token.

Instead of taking a share of the 4% burn, the 20% remaining outside of CUB token burns will be utilized for purchasing bLEO from the pools, unwrapping into the native equivalent (via https://wleo.io) and then burning those natively held tokens permanently from the supply.

This burn mechanism introduces an ongoing sink for both the CUB and LEO tokens. We'll publish in-depth burn reports both for CUB and for bLEO as they occur (if you're reading this, revisit this page shortly after launch for a link to the first burn report when it is published).