CUBLIFE (CL) - Weekly report #65

10 months ago

Hello, LBIer's and CLer's. Welcome to this weeks CUBLIFE (CL) token update. We are going to look at this week's CUB harvests, reinvestment and weekly dividend APY. This update post is released weekly, dividends are paid in LEO every Friday at 9 pm UTC and new CUBLIFE (CL) tokens are issued once per month every 21st.

What is CUBLIFE?
CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet.

Weekly Income

Harvests this week were pretty standard at between 2000-2500. I think I will exit us from EMP soon and move it back into CUBfinance.

Blue = BSC
Orange = POLY
Black = Gas tokens

The wallet has took a hit of about $400 which is a decent chunk but not that much really, just another week in crypto. In terms of LEO value, its increased by 4k over the past week each token being worth 3.55 LEO. I think the sale was at 1.2 LEO so 3x in what? 2 years? Its outperformed LBI,😲 We'll not talk about HIVE value.

This month's CL token issue
Every 21st of each month, new CL tokens are issued to those that have sent either HIVE or LEO to the @cublife before the end of the 20th. The month goes 21st-20th. If you send in funds on the 21st, you'll be waiting till next month. Conversions take place once per month on the 21st with new CL tokens being minted to the same value as the existing ones in circulation. There are 12 CL token issues per year.

You can transfer LEO/HIVE or HIVEp from hive-engine. If you send both LEO and HIVE, you will receive 2 token issues, 1 for each. You can confirm your funds have been received in the table below which are posted weekly and updated 2-3 times per week.

Roundup

Update on the dividends situation. The coder finally got back to me and let me know he no longer had the time to run his bots and was sorry. I know another coder but it would be roughly $100 to set up and $10 per month to maintain. We make enough from harvests to pay $10 per month.

I can use the hive-engine airdrop to do weekly payments but its a little work with over 250 token holders and both liquid and staked rewards to issue. You will have received your last CL payout 2 weeks ago, this was a manual airdrop for me to test it out. I think I could do it in around 20-25 mins after I get a routine.

Anyways, I most likely go with the coder and pay the monthly charge for the convenience and regular on-time payout each week. I will try and get this all set up for next week.

Lastly, all missed weekly payments will be back-paid and combined into your next payment. Fingers crossed for next week.

Apart from that, the market is moving sideways, nothing interesting has happened from XRP mooned and we are cruising the bear market and waiting for the bull to appear. Thanks for checking out the report and have a great weekend.