XPolycub, Distribution and Thinking Long-term

The price of Polycub has been dropping against the dollar in recent times. This has also led to a negative effect on the dollar value of Xpolycub.

Regardless of this situation, I've been staking my Polycub into the Xpolycub contract daily. Beyond the dollar valuation of both tokens, the ratio between them has actually been rising, and I'm guessing that is a result of the drop in the price of Polycub.

This phase of dumping isn't too surprising because it is only natural for people to take profit from their airdrop. At the time of writing, there are 106 addresses still holding Polycub with the majority of transactions interacting with the Xpolycub contract.

Based on information in the Polygon scan in the past 15 minutes since I viewed it, there were more interactions with the Xpolycub contract. At the same time, there have been some huge interactions with the masterchef contract, indicating some big sales, I guess.

At the time of writing, there are exactly 2,174,310.75 POLYCUB in existence. If you divide it by the total dollar value of the content of the PoL, then we'll know the floor value of Polycub.

Note that there is about 765k Polycub in the XPolycub contract. On top of that, there's also another 750,000 Polycub in the masterchef contract address. I reckon those aren't tokens in circulation. So we have roughly 500K Polycub in circulation right now.

Anyway, I'm still struggling to get the contract address of the PoL, but when I do, I'll update this publication. This information will help us decipher the floor value of Polycub tokens.

Wen marketing?

Right now, the supply of Polycub is limited to only 106 addresses, at the time of writing. I reckon we should be trying to get to 1000 addresses.

Out of the addresses holding Polycub, if you exclude the top two that seem like they are owned by the protocol, the next 5 accounts hold more than 50% of the circulating supply of Polycub.

So, in essence, what we see with the current price action could be a handful of whales taking profit, and invariably dumping on the rest of us.

Everybody has the right to do whatever they want with their money, so I'm not casting aspersion on anybody who decides to sell. It is within their right.

However, I'd be much happier if we can get marketing sorted out, so we can start seeing a much better spread and distribution of Polycub.

Marketing will also pull in more competition, which will most likely have a net positive impact on the price of Polycub.

Think long term

In any case, the project's deflationary design will start to kick in at the later stages of development.

Remember that according to the schedule, we're still in the first week, and farmers are printing a lot more Polycub that is being dumped hard.

If the PoL is managed properly, in one year, we might actually have fewer or the same number of Polycubs in existence as today. Ideally, the dollar value of the PoL should keep rising, thus ensuring the floor value of Polycub also rises.

In any case, you have to play the waiting game for this one. Just stay patient, keep calm and stake Xpolycub for premium future gains.

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