90% of author rewards will be used to buy and burn POLYCUB. All the information about the project is detailed in this introduction post.
Hello everyone and welcome to the first Polycub burning post! I will try to improve the layout as I go but for the first week, the main focus is only to deliver as much useful information as possible. As I collect more data and experience I'm planning to start including some graphs, banners, and weekly / monthly performance posts.
Polycub Stats Aug, 12th 2022
POLYCUB:
- Price: $0.101
- Total POLYCUB Supply: 6 927 966
- Market Cap: $702 775
- New POLYCUB/block: 0.125 (5000 PC, $505 per day)
- TVL: $1 967 036
xPOLYCUB
- POLYCUB Staked: 4 792 670
- xPOLYCUB Supply: 206 396 (+ 238)
- PC/xPC Ratio: 23.2206 (+ 0,0029)
- TVL: $486 170
VexPOLYCUB:
- vexPOLYCUB Supply: 102 940 (+ 4)
- XPolycub Locked: 103 146 (+210)
- Polycub Locked: 2 395 122 (+ 5 185 / $523,68)
- TVL: $242,704.23
- xPC/vexPC Ratio: 1.0020 (+ 0.002)
Our very first deflationary day because of the 0.002 increase in the xPC/vexPC Ratio! Around 5185 Polycub just got locked up on the VexPolycub for the next 702 days while inflation only printed 5000 Polycub tokens! Meaning that the circulating supply just shrunk by 185 Polycub.
YESTERDAY REVENUE
Multi Token Bridge (MTB)
- 0 HIVE ($0.00)
- $126.08 HBD
- 9,45 SPS ($0,71)
Oracle Staking
- HBD: $30.74
- Hive: 11.28 HP ($7.14)
Total: $164.67
We saw a big volume on the HBD bridge that drained a little over 26,000 HBD from the p-hbd wallet on Hive. Hence why the MTB revenue is higher than it usually is.
Seems like the SPS bridge fees are working again but somehow there seems like it is not collecting the 0.5% fee correctly.
$164.67 is not bad but we need to improve a lot if we want to see the price of polycub turn back around and begin the steady climb back up.
I would like to remind you that all tokens except LEO will help to burn more Polycub so tipping tokens like Pizza will help to burn even more Polycub once the first Monday of the month comes around.
Posted Using LeoFinance Beta
