Here's a question: I was doing the math and at $5 CUB with 28,800 new tokens minted per day, $115M crossing the LeoBridge in either direction provides enough to burn the entire daily supply. Plus it will burn $144,000 worth of Leo. This does not include the burning already being done for fees.
Question 1: What kind of daily volume do you think the LeoBridge can get?
Question 2: What happens if there's more money than Cub to burn?
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They will likely have to adjust the percentage then.
Good question. At the start, not a great deal especially limiting to $1,000 transactions. But over time, if promoted, it can end up with millions per day. If they meet that $100 million market, it could happen. There are billions on Ethereum right now.
Either way, that is going to be outstanding for LEO and CUB holders.
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Also, the $5 CUB will not last too long either. The price will skyrocket under the scenario you painted. The same for LEO.
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Yeah, I just used that as a nice easy number. If they're burning a lot of the new Cub, it won't take long for things to start moving.
I also talked myself out of waiting. lol I wanted to make sure I at least had 1000 Cub so I just went in and bought another 555. I'd be much more pissed if I watched it run away than I will be if it goes down to $2.00. Figured why wait....
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Yeah I need to move some money around but I am looking to add more also.
This is going to be a good one. It also should help the price of LEO a great deal.
Thus there is a double benefit.
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Agreed. I'm really excited for this bridge. I see the icon is set up in Cubdefi. Trade>Exchange>Bridge. I see there are actually more networks on there. Binance, BSC, Ethereum, Tron, and Omni. Not all set up yet. I'm a little nervous because when you "open" the bridge it pops up a Binance US resident disclaimer. Hoping that doesn't impact movement for the US people as that would really put a damper on volume from here anyway....
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I didnt notice, did it go live?
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I think it will depend. Personally I think its whether or not the fees of the LeoBridge are cheaper than any other alternatives and how easy it is to use. So I think the daily volume is probably in the range of maybe $10 million. I think there will be many people running over to take advantage of the exchange rates.
Then the price of LEO and CUB will increase. Eventually the it will stabilize when the the fees match the CUB generated per day.
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