Some are starting to grumble about the price, in USD, of POLYCUB. They seem to think that because the price is falling, it is somehow indicative of the project. To me, this is nowhere near the case.
Markets do what markets do. As I say all the time, markets do not reflect value nor do I use them to affirm my decisions.
To be perfectly honest, I am glad the price is dropping in USD terms. Over the last couple weeks, I am slowly add more from outside so the fact the USD price is allowing me to get the same xPOLYCUB even though the amount of POLYCUB required for each one is increasing.
As the old saying goes, buy when there is blood in the street. I just wish I had more capital to throw at it but, alas, trying to improve many positions at one time.
So are you worried about the price of POLYCUB and the fact it is dropping. If so, always go back to the basics.
Deflationary Currency
POLYCUB is a deflationary currency. While this will not serve the world well as the standard that everyone uses, it is ideal in the circumstances for what it is designed. Polycub was created to have a deflationary token while also simultaneously building demand pressure. This is done through the protocol that is, over time, going to get larger.
We saw a couple of articles this week by the Leofinance team announcing additional ways that fees will be generated. There is the Bonding which is going through its final testing. That will be released any day now.
After that, we will get one of the most exciting features added to the platform: lending i.e. collateralizing xPOLYCUB. I do not believe people realize how big this is. Quite frankly, if done properly, this could be the path to $100 million Cub ecosystem. When value that is locked away is released and put to use, it instantly increases the TVL. If that value is directed at other aspects of the ecosystem, we see things moving up exponentially.
In short, we are getting to the point where the different projects are going to be leverage each other. Anyone who listened to the more recent AMA gained some insight into some of what is taking place.
Emission Are Going Down
The pricing is dropping like a rock. Each day, in USD terms, POLYCUB is lower than it was the day before. At present, we have a 3 token emission per block.
It appears the market things that is too much. There is still obviously a lot of sell pressure. Perhaps things would be different if there was not as much POLYCUB being spit out.
Fortunately, in the next 48 hours, we will see this emission drop by 33%. We will go from 3 to 2. That is seriously reducing the supply that is hitting the market. There is also the potential for bonding to hit about the same time. Hence we could see reduced emissions with a lot of money being fed into the protocol via the bonding.
Of course, if the 33% reduction is not enough, in 9 days, we will see another 50% haircut. At that time, we are going from 2 to 1. In those words, we will see 2/3 less POLYCUB per block in 9 days as compared to now.
The point is that there will come a time when the market simply cannot handle the lack of POLYCUB being doled it. This means that the demand, wherever it comes from, will simply push things higher. Simply math says this is so.
Another simply point is I am not the only buying POLYCUB on a daily basis. A number of people are doing the same thing. There will come a point, if the price drops enough, that the daily buying picks up a lot more POLYCUB. Let it drop to a penny, I will still be buying.
POLYCUB Locked
Then we have this tidbit.
Here is a snapshot of the most recent POLYCUB distribution.
We see 4.1 million. Estimates are we are going to see about 7.2 million before the pace is so slow it has little impact. That said, here is the important figure.
What this means is that 64.37% of all the POLYCUB is already staked in the xPOLYCUB contract. Remember what Khal says, this is something that always goes up. More POLYCUB will be fed in to the HODlers.
Each has to make his or own decision. However, when you believe in something, it is important to get a strong position. There is nothing worse than being right in a situation like this and only having a small stake in it. The Polycub project is evolving to offer those who are serious some really strong returns. This means, to me, having a position where I can move closer to life changing money.
The fact that the amount of POLYCUB being emitted is reducing and a great percentage is being locked in the xPOLYCUB contract tells me it is only a matter of time before the buying pressure starts to impact the USD price of POLYCUB. This might happen tomorrow or it might take a month.
Either way, I am going to keep buying on the way down and adding to my xPOLYCUB holdings.
This is not financial advice. Do your own due diligence and get the proper guidance before investing in anything.
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These are some valuable insights my friend and I agree with you on your position for gaining more XPolyCub. I agree that with PolyCub price dropping to these current levels, I will also be adding fresh capital to buy XPolyCub all the way down.
The XPC ratio is nearing 17x and will likely hit 20x within the next week or so which will keep moving PolyCub into the hands of the long term DiamonPaws!
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Yep and the more the USD price of POLYCUB drops, the more the protocol will buy as it becomes stronger with each feature that is added.
That is where I dont think people understand the buying power is going to come from.
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@taskmaster4450le absolutely brother! If there is one thing I have learned from your posts, it's that the strongest economies are base on Debt and that when an asset is cheap (or on sale) that is the time to buy it.
With the bonding and collateralization of Xpolycub, we will finally have a reserve currency for the LEO ecosystem. Which is essentially what Bitcoin has been and prior to Bitcoin, we were on the gold standard.
Obviously there is a long way to go, but I am long on XPolyCub and am loving the extra PolyCub we are earning while the price to USD has come down!
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Whutt? I thought tasky had all the money in the world. Joking! But lol I can relate.
Yeah I’m sitting pretty in the Polycub-usdc farm, buying Polycub all the way down as long as it keeps going down. And it’s been working well so far. Lovin it
I never thought I’ll be on the side of people who want price dips so much
When there is long term potential, price dips are golden. It is how we add to our holdings and push things higher.
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Hard to believe that the price has gotten this low but not really surprising. As you said, markets will be markets. People will be sad in 5 years when they didn't hold their xPOLYCUB.
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That is what I believe. We will see if we are correct.
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I don't think the price of POLYCUB in USD is indicative of the value of the project, it looks very solid, we just need to give it a little time and we will surely have very positive results.
The inflation and deflation of price isn't new but at the end the pump in price will be meaningful to benefit positively
Well @taskmaster4450le , I too believe in it strongly, and trying to invest more which I can afford to lose. In that way, long term waiting is not a tough game 😀
Keep adding in more to the pool and see how it all goes when the price reverses course. We are likely to see that within the next 10 days since the emissions will drop twice in that time.
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Yea, time is the key.
Not sure what to say. I guess, time will tell!! I was wondering what was up with the usd value going down.
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Since there is so much shilling ongoing here, let me play the devil´s advocate for now.
One could argue that this hypersophisticated project is not more than a Ponzi scheme, just waiting for external people to ape into the seemingly "cheap" coins. Yes, less and less tokens are produced, but don´t forget that in first place millions of Polycubs were generated just out of thin air. From where should the value come, from the repeated promises that inevidently the price will go up? The price will only go up, if enough new people ape in. So even more shilling, more promises, etc.
It is just a race between the people hyping and the people selling.
What you completely overlooked is the use cases that are being built into the platform. Liquidity pools serve a function along with creating fees that end up being fed to token holders.
Do you think that having a HBD liquidity pool will be used and generate fees since there are few ways to get HBD easily?
How about collateralization of the assets which allow for further investment?
It seems most overlook the basic business building concepts while only focusing upon the tokenization.
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I agree with you on this point. And this is the reason why people keep selling it like crazy.
I'm waiting for Collateralization lending and Bonding to be released. Because I see this is where PolyCUB value comes from.
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I would only start to panic when poly hits 30 cents, which in my opinion, is unlikely and even before then I would break even based on the returns from my initial investment. The goal in the short run is to at least breakeven, the long-term benefits of holding xpcub have been outlined several times and I believe it will come to fruition.
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I would get so excited if it broke 30 cents on the down side. At that point, load up.
This is a no brainer to me.
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Task, we ain't all rich like you...
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I am totally on the same side as you. This is an oportunity to earn life changing money.
I am trying my best to buy a litle every single day. Combined with the airdrops as well it will be some decent figures over time.
Note: I am staking it all - the mechanics is just to good that you can't afford not to stake!🤑
Cheers mate!
That is the path that I am taking. We will see if it works out well.
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Indeed, cheers mate!
Hey Mom!! PolyCUB price is incredible now, hurry! we need to get a bigger mortgage on the house!!
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That is one approach and a way to get some money. Might not be the best course of action but it is a way to go if so desired.
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I am not worried about the price of either CUB or POLYCUB I only have a small stake in the game but I tried to increase my position in the Xpolycub as good as I could. I missed the last AMA but will listen to it afterwards. I still have to understand the lending bonding mechanism fully so I know how I will proceed further on.
!PIZZA
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Very explanatory. It's okay for people to sell because the yields are dropping. However, getting a strong position and thinking long term might just be the best bet. Studying this PolyCub's project is an interesting one. I look forward to reactions when bonding starts.
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I've been buying while POLYCUB was gaining.
I've been buying while POLYCUB was loosing.
It's all been into xPOLYCUB staking.
So Far It's 0.69%
There's 2.6 Million of 4.1 Million supply already betting long term. Proudly I'm 1 of those diamond paws. !PIZZA
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That is a great place to be. Nothing like setting yourself up for massive success when it hits.
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Thanks 😃🚀
!PIZZA
Damn, well done buddy! Thats gonna be a lot in long run! :D
69 is a good number. 😀
Congratulations
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The price of polycub doesn't surprise me and even now I'm still accumulating
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Good stuff as per usual, I mostly agree with the points that you make, however, there is also one thing that concerns me in this situation and that is the number of unique wallets holding polycub unless I got the number wrong, we need to get more people on board, so maybe increase of marketing efforts could help with that, what do you think?
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Ignore the POLYCUB wallets since most dont have any POLYCUB in them.
Look at the xPOLYCUB. That is over 500 wallets. I have xPOLYCUB but I dont have 1 POLYCUB in my wallet.
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Thanks for the clarification, that make sense, haven't thought about it.
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Seems you been missing the MAIN point :)
I agree, but I currently don't see anyone pumping anything, quite the opposite, actually, the price has been dumping since launch, which is not too worrisome since the initial emission rate is going to decrease substantially, and correct me if I'm wrong, become deflationary after July?
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We are still very very early in this project, definetelly still in the Defi-1 phase.
Yearly MAY may bring first significant changes, once the 60 AIRDROP period is over. Dont forget that every day there are 16667 new pCUB tokens entering the market from the AIRDROP alone.Yes, more or less you got it right , @buff-news
Reall fun will start in later summer 2022
Great chart, thanks for sharing, I am not worried about this project one bit, I think a broad spectrum of people were introduced to it via airdrop, so we can assume that a lot of people are aware of it, I see prominent members of the community are excited about this opportunity and I am willing to agree with them, given enough time, this should really bring great returns. :)
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Just wondering, does bonding return PolyCUB from the existing PolyCUB distribution or does it try to buy it back? I know bonding will increase liquidity but I am still confused about it. It doesn't really look like anyone knows exactly what it is and we know that we will be giving liquidity for PolyCUB.
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It comes from the protocol pool.
That is replaced with the assets from the LP that are bonded.
Bonding is effectively a sale of the LP holdings for POLYCUB.
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You are doing great job explaining to everyone the anatomy of PolyCUB.
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I take my first step to invest with polycub today, I think the ATL will be around $0,3, and right now is the best time to start.
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