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RE: What's Going to Stop the Decline of the Cub price?

in LeoFinance3 years ago (edited)

Good point and also good point from forexbrkr below. I think both can be effective in a very limited way. Don’t get me wrong every little bit helps.

However, this is what I think from studying many defi projects on the BSC. A defi project, which are virtual clones of PCS grows in 2 ways (oh CUB is a clone of PCS and make no mistake about it)

  1. Easy way to attract a lot of capital in the beginning by providing high fees, high APR and lots of inflation (lots of burn). This typically last 10-20 days. Then it burns out.

  2. After the initial phase is over. Some projects begins to do new things like layered farming in goose, optimized compounding in Swamp or partnership and IAO in Ape. So far the 3rd, the Ape model have been most successful for the secondary growth.

That brings me back to marketing that both of you proposed. I am sorry to be blunt, if Twitter or Quora spam would do anything then Nathan would be the prime minister of Britain by now (no disrespect but I hope you get the joke). Panther didn’t really do any marketing... but you know about it... why? It’s TVL man! This is yield farming. There isn’t any loyalty... it’s just money. Also what will loyalty buy you have already bought you. Hive users ceiling is 18-20M TVL. To grow outside investment must be attracted, otherwise no one is interested. There are many options..., next. Higher return more crowd, more TVL. Very simple. Hive/Leo people are very patient thankfully otherwise the run on the bank would have happened by now. Just calling a spade a spade. Cheers!

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We can also all go to leofinance discord and post a rocket emoji and scream: cub to the moon. That will surely do it. And throw in a couple of SOONs for good measure.

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Ah, Mr Oldtimer, that made me laugh :OD

Fuck i'm to blame, I haven't ever done that.

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I pretty much agree with what you say, I guess what you're saying is there should have been a more comprehensive plan in place for what to do after the first three weeks or so with Cub!

Based on what you're saying we should pull out now - Kingdoms aren't a new idea, after all! Governance isn't new, Project Blank is more bubble.

Trust me I'm with you on the ineffective Twitter marketing! I've long thought it actually does more harm than good, it makes Hive seem like a joke, but some people check it out, struggle to get onboard and think 'yup, defo a joke'.

Whereas if they'd found it for themselves they'd probably stick with it.

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IMO other defi work a lot if Twitter/ social media defi accounts post about, same with videos.

Besides this, it should be on comparison sites. because people need to know first before they use it. But isn't it the same problem we have on hive in general?

What does PCS stand for ?

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PanCakeSwap

I second that. Twitter campaign doing more harm than any good. Shilling unrealistic price targets and other stuff isn't my thing. I do market myself on twitter but on occasions in a proper way. Also, LEO team needs some good marketing person. They code, code and do well but on market side they are mostly within hive ecosystem. All they need to do is catch small targeted portions of outside market to let them know our existence. More partnerships with outside apps would definitely bring attention.

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