Xpolycub ratio, Floor value and promising future

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My day starts and with some level of drowsiness, I pull out my Ledger hardware wallet, input the password, then go to the airdrop page on Polycub. This has quickly become my daily routine as I venture through the ebbs and tides of the crypto market.

Immediately I claim Polycub tokens, I send them to the Xpolycub contract. This has been my only activity ever since I started earning Polycub and it will continue throughout the airdrop period.

I have received many airdrops in my life but I'm not going to lie, this particular airdrop really has me hooked. In fact, I'm patiently accumulating funds on the side to buy me some tokens that I'll use to farm Polycub.

In any case, the Polycub experiment has kicked off quite nicely. After a minor blip, the price has started pushing upwards.

The Xpolycub project has been such a hit so far. At the time of writing, 48.8% of all Polycub is currently locked in the contract and more tokens keep rushing in.

The current Xpolycub to Polycub ratio is 11.09 and just as promised, the number keeps going up. If we keep up this pace, the ratio could actually be around 30 when the airdrop ends.

I've not considered pulling out Xpolycub but I'm fascinated by how it will affect the valuation of Xpolycub when people eventually start pulling out.

I'm also aware of the 50% penalty when you unlock Polycub before 90 days but I'm not sure how that connects to XPolycub. I've not even experimented with the idea of pulling out a single token, so I don't know.

At some point though, I'll have to experiment with pulling out a fraction of an Xpolycub and then see how that goes. I'll wait until the ratio is up to 20 before doing it.

Anyway, @leofinance promised us a token with numbers always going up and in XPolycub, they've delivered. Alas, it is still early days, so we shouldn't get ahead of ourselves but it truly is exciting times.

Tracking Token

I've still not seen any specific information about the PoL. I'm particularly interested in knowing the value, so I can calculate the Risk free value of Polycub every day.

In any case, judging by the way Polycub dropped to the 70 cents range and then started rising slowly towards $1, I suspect that this could be due to that rate being the floor.

Barring a major purchase in the token, or a drop in the value of the PoL, it is very likely that whatever price of Polycub you see should be considered as the floor value.

My view that perhaps this may be the floor value of Polycub is reinforced by the fact that there isn't any new major player in the midst. Since my last Polycub publication, the number of wallet addresses holding the token has risen to 131 addresses.

However, despite the increase in addresses holding the token, the top 5 wallet addresses remain unchanged. However, there have been slight changes in their percentages, with the highest of the lot now holding 5.8% of total supply, as against the slightly more than 7% it use to be before.

So, what I'm saying, in essence, is that we'll see the dollar value of Polycub consistently rising henceforth. However, it is still possible for some price reduction along the way, particularly as we're still in periods of high token emission rate.

The "number go up" period will start somewhere around the 6th month when there will almost certainly be a limited supply of Polycub and a much richer PoL.

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Here is some quick cardboard math

The protocol generates revenue through the 10% management fee on autocompounding harvests - i.e. when a Sushiswap or Quickswap Kingdom is autocompounded, 90% of the yield is autonomously compounded into the balance of the protocol participants and 10% of the yield is set aside into the PolyCUB Treasury address.

Kingdoms TVL = $5M

Kingdoms median APY = ~300%

Kingdoms median monthly rewards = ~25% = $1,250,000

10% management fee for 1 month = $125K (if the fee takes into account he Polycub rewards as well).

Considering that this is the absolutely best case scenario the PoL would have about $70-80k worth of assets under management considering that we are only two weeks into PolyCub farming.

PoL ($80k) / Current supply of PolyCub 2.8M = $0.028 per PolyCub

Again, this is cardboard math but it can't be that far from reality imo.

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This doesn't factor in the initial $100k or something around that value that was initially pumped into the PoL before creation 🤔

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I believe that was Khal's private stash but even if we add that to the equation and multiply everything by 2 we would still end up below $0.1 backing per PolyCub.

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the number of wallet addresses holding the token has risen to 131 addresses.

As I understand all this, this "number" is completetly meaningless.
What exactly does is show?
Only who has claimed pCUB, and not staked them into some kingdom or XPOLYCUB yet
My adr is not there, because I claim 4 times a day, and as soon as I get some pCUB, I imediatelly and ALWAYS stake them all 100.00% into xPOLYCUB

The numer of XPOLYCUB holding wallets ( 442) is by far more informative
It also gives some idea on the distribution patern:

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Yeah that's true, you make a fine point here kind sir.

How much effect do you think Xpolycub locking has on Polycub? Also, do you think Polycub will be negatively affected when people start pulling out XPC and swapping for PC?

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Hi, do I need to claim airdrop everyday or would it be better to let it build up over several days?

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