What are you planning to do with your CUB airdrop?

By Bala | Bala | 11 Mar 2021

I keep hearing mixed thoughts about what people are planning to do with their CUB. Some have already dumped it in the HE market and some people say that they are going to purchase a little more in the market and start farming. I'm not much into DeFi stuff and I find it a little hard to understand how this all works. Today morning as soon as I woke up, I noticed that I received my CUB airdrop on Hive Engine. Today was a very busy day so, I couldn't pay enough attention to this to explore immediately.

Yesterday I did spend some time to understand a little about Binance Smart Chain. I always had a question in my mind as to why people suddenly pumped BNB tokens and what better benefits BSC gives than ETH. After giving a little reading, I found out that BSC is just a fork of ETH and that is one of the reasons why I was able to use my ETH wallet address directly on BSC. Of course, I did not have the ETH equivalent BNB tokens when I logged in for the first time but it looks like it was all the same.

I couldn't spend more time that reading about all these but I was able to use the Metamask browser extension and use the same ETH address with the primary key. It all worked fine. When I read some articles, they say that one major difference between ETH and BSC is that the gas fees on BSC are very minimal. But I'm not sure how this would look in the future when there is more stuff on BSC like ETH. Maybe the gas fees would still be less but who knows.

Coming back to the CUB topic, I have not decided yet as to what I'm going to be doing with my CUB tokens. I see many people dumping the token in HE which is quite expected but at the same time, there are also people who are also buying some extra tokens to farm CUB. I guess I have another 7 days time to decide what I should be doing with the tokens I received as an airdrop.

I will try to utilize these 7 days to understand more about DeFi stuff and then decide which route I should be taking to either dive in or just sell those tokens in the market and focus on things that are easier to understand.