The First Ever Decentralized IDO on CubFinance! | CAKEPOP

in LeoFinance3 years ago (edited)

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It's been an incredible past few weeks and months as we built out the IDO system and found our first 3 launch partners to showcase the potential of our community LaunchPad.

CubFinance can now handle decentralized IDO requests. New platforms that are seeking initial liquidity, attention and marketing awareness can now come to CubFinance and utilize the CUB token and community as a launchpad.

In exchange, 50% of their raise (the CUB portion of CUB-BUSD) gets burned. They get to use the other 50% (BUSD) to seed initial liquidity.

This creates a value capture mechanism for CUB. Regardless of the platform and it's future success, CUB geneated massive value through the initial burn. If platforms are also successful in the long run, then CUB gains more value through the awareness they generate. Their users will forever know that a platform (like CAKEPOP) launchpaded via CubFinance and generated massive capital and awareness prior to their launch.

We're extremely excited to see the performance of CAKEPOP in this first IDO run. This IDO will be a great precursor to the future IDOs that launch on CubFinance. There are now 4 IDOs scheduled to go live within the coming weeks.. the total CUB to be burned is in the Millions of USD range. It's going to be a fascinating experience and test of rapidly expanding utility.


The CAKEPOP IDO: How to Participate

The CAKEPOP IDO is running on an overflow method. It utilizes CUB-BUSD LP tokens for the raise. Here's a quick tutorial on how to participate - it's much easier than you think!

1). Get CUB-BUSD

The first thing you need are CUB and BUSD tokens.

CUB can be purchased on https://exchange.cubdefi.com.
BUSD can be purchased there or on any major DeFi platform on BSC.

2). Pool CUB-BUSD on PancakeSwap V2

Go to PancakeSwap LP and pool CUB-BUSD together to get CUB-BUSD LP tokens.

3). Go to the NEW IDO Page on CubFinance

Head over to https://cubdefi.com/ido to see the current IDO status.

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  1. Unlock your wallet (sign in with Metamask)
  2. Click "Approve" to approve CUB-BUSD LP token spending
  3. Click "Commit" and then select how much CUB-BUSD to allocate to the IDO
  4. Confirm the TX with Metamask
  5. Done! Wait for the IDO to finish and then come back to the IDO page to claim your IDO tokens and any unspent CUB-BUSD (in the event of an overflow)

Frequently Asked Questions:

How do I know how much CAKEPOP I will get?

This will depend on if the raise is overfilled. If the raise is not overfilled, then you'll get CAKEPOP at a rate of $0.000375

How much will I make on the launch?

DYOR! With any token launch, things can be crazy and there is no predicting what can happen.

When will I receive my CAKEPOP tokens?

CAKEPOP will become claimable on the IDO page once the raise is finished.

The IDO Progresses

We just launched the IDO page 15 minutes ago and the raise is already 10% committed and climbing fast. The IDO will close in about 23 hours. Stay tuned for more updates from @leofinance on how the IDO is looking from our perspective on the CubFinance side of the spectrum. The @cakepop team will also be releasing various posts about their UI, marketing, tokenomics, etc. today, tomorrow and in the days that follow.

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Posted Using LeoFinance Beta

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Never had more mixed feelings about a presale but the ape in me shall prevail.

Posted Using LeoFinance Beta

Lol samesies

It’s a different kind of token. More speculation than many will be accustomed to but this is DeFi 🤷🏽‍♂️

Posted Using LeoFinance Beta

Just curious:

Why only a one day raise?

Posted Using LeoFinance Beta

The team was confident it wouldn't take more than 24 hours to fill their raise.

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Posted Using LeoFinance Beta

I sense that it will not be necessary more, but they will always be able to extend it.

Posted Using LeoFinance Beta

I was going to watch from the sidelines but I aped in. Give me more of that magic money.

Posted using Dapplr

🧞‍♂️ I did a little apeing myself

Posted Using LeoFinance Beta

Welcome to the family! 😎

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Looking forward to seeing how this will play out! Great job as always, team

Posted Using LeoFinance Beta

🦁🦁🦁

Posted Using LeoFinance Beta

I don't think they'll get to 100% in a day.

Claiming that ...

A powerful new Dividend-paying token. Buy, HODL and earn CAKE passively!

Will actually bring something out of thin air is not enough for me. Sorry, I'll skip this one. I don't see any value in this. And I am talking about intrinsic value, not about speculations ...

Posted Using LeoFinance Beta

This is obviously a speculation play. Reflection tokens are all about speculation - or as @edicted put it: a tokenized version of musical chairs.

This one is not for everyone. I’m going in small to support the project and first IDO to use CUB’s launchpad. At the end of the day, CUB accrues value from all IDOs that use the launchpad. It’s up to DeFi users to DYOR and decide if it’s your kind of project to get involved with

Posted Using LeoFinance Beta

Thank you for your answer.

I like the CUB accrues value part of it :)

Good luck with this and all future IDOs.

One more LP defi and IDO nothing to say about it.
But please always suggest people to google "impermanent loss" when promoting this kind of investment.

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Hm ... I create pair CUB-BUSD and contribute with 0.86... CUB-BUSD LP ... and ... and ... nothing to see ... in launchpad ... still zero ....

Ok, OK, it takes time, I see now that I contribute with 0.8864 CUB-BUSD LP

All in? :)))

Posted Using LeoFinance Beta

eh, samo probaval sem ... se mi zdi da največ cubov dobim iz Farms ....

I can't create LP Tokens on PanCake Swap as no Cub token there? is that a typo?

Posted Using LeoFinance Beta

The easiest way to go about it is, visit the IDO page and you will see a link to PancakeSwap to create the LP tokens in the tutorial section.

Posted using Dapplr

Thank you @leofinance but I have experienced 2 bugs preventing me from participating, can you please review and offer any solutions you may know of?
https://leofinance.io/@hivecoffee/cakepop-ido-happening-now-2-bugs

Posted Using LeoFinance Beta

The burning of cubs will be done manually or automatic???

Posted Using LeoFinance Beta

On the Pancakeswap Lp page I connected my wallet but can not see my Cub tokens, others are showing. Do I need to add this as a custom token?

Resolved with many refreshes and turning off and turning back on again.

Posted Using LeoFinance Beta

Congratulations @khaleelkazi and team. Another cool service released by you guys! By looking at the pace of this IDO getting funded, I am pretty confident that it will reach the milestone before the day ends.

Looking forward to the insane amount of CUBs getting burned!

Posted Using LeoFinance Beta

Wow I saw it late, I'm only able to invest really small money. Let's see how it goes 😊 !PIZZA

Posted Using LeoFinance Beta

@leofinance! I sent you a slice of $PIZZA on behalf of @ykretz.

Did you know you can trade $PIZZA on Hive-Engine, Tribaldex, or LeoDex? (3/10)

That's good of you.Noted


Posted via proofofbrain.io

Do you think community should filter out suspicious token offers in near future? I mean like token governance in IDO type of feature in near future?

Posted Using LeoFinance Beta

Can we get free token

Wonderful and amazing innovation right here, Baby!


Posted via proofofbrain.io