in #hive-1679223 years ago

Even after a 98% loss in token valuation

This may seem a lot to many people but it is actually the same faith every other BSC farm token has been met with. I would put the blame on the "DeFi 1.0" model that doesn't really give any utility to the farm token. When you think about it, what purpose does the CUB token serve other than being a vehicle for future airdrops that are coming soon?

Yes, you can use it in the upcoming IDOs but if CakePop is a reference I'm not that stoked about them tbh. The reality of the situation is that whales and mid-range farmers have been taking profits this whole time. As long as the supply keeps increasing there is no reason to believe the price will go up other than for speculative reasons.

PolyCub on the other hand is something I am excited about but seeing how OHM, Klima and Time have flopped during panic times, even asset-backed tokens aren't resilient in bear conditions. If you look at their numbers a 98% loss in token value is great considering Cub has no backing whatsoever.

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Until we see sustainable revenue models that share profits with token holders we can't expect people to invest in them anytime soon imo.

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