King CUB and BEP20 LEO
The time has come, the long awaited announcement was finally announced in that post New LeoFi Products, Snapshot Announcement, CUB Tokens and BEP20 LEO and it was about two major Leo branches, LeoFi that's divided on three projects bleo-CUB-LeoFi Dashboard and ProjectBlank the Blockchain Twitter!
If i have to summarize the whole juice was basically focused on the two LeoFi projects that's about to released in the next 2-3 days and they're not other than bleo/BEP20 LEO (wrapped version of leo on Binance Smart Chain) and the CUB token that's the airdroped token to Leo HODLERS (LP providers and LEO Power Hodlers), the CUB snapshot will occur at 9 AM CST on March 3rd, 2021.
The hybrid cross-chain claimdrop
What a title, but it was necessary to describe what exactly the Dev team achieved and it seems that wasn't an easy job to do.
What this means is that a snapshot is taken of Ethereum-based WLEO-ETH Liquidity Providers on our Uniswap pair and LEO POWER hodlers (anyone holding LEO staked on the Hive blockchain).
Based on the amount of LEO staked or WLEO pooled on Uniswap, users will receive CUB tokens on Hive-Engine.
These CUB tokens merely represent a "coupon" or a claim on CUB tokens on the Binance Smart Chain (BSC). Almost like a temporary reverse wrapped token.
CUB does not really exist on Hive. It is entirely based on the Binance Smart Chain. We're using Hive as the distribution method both because LEO primarily exists on Hive and because Hive has the amazing functionality of fast and free transctions. There are over 2000 accounts hodling LEO.
So in other words the HE CUB you will receive it "will not worth anything" until you send them on BSC following the instructions that the Leo team will provide to us, which also means that you will need a "medium" to do the job and Metamask could be used for that job.
See a very good guide for How to set up Metamask for Binance Smart Chain by @jaraumoses. There is also Binance wallet extension but i'm not sure about it and if can fulfil that role, i guess the team will make clear may things about the airdrop once they are ready, until then!
LEO ON
Posted Using LeoFinance Beta
https://twitter.com/jimmyfusz/status/1366852221279883269
Twitted
Posted Using LeoFinance Beta
There are so many good things coming to the LEO Finance space that I hope to have enough juice to spread on all of them. It is amazing how this ecosystem can meet all the expectations, keep up with the new trends in the crypto space and DeFi and not only. I wonder how high Leo Finance can reach if it keeps the current pace.
Posted Using LeoFinance Beta
Anything is possible, the is great, the people too, who knows wht the future will brought us.
Posted Using LeoFinance Beta
I am seeing how bLEO and CUB will moon in BSC. Hopefully, it'll reach more than a dollar or come close to Pancake.
Posted Using LeoFinance Beta