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About Cubo

Cubo is a nodeprotocol built on the Polygon network and designed to liquidate CUBO and automatically adjust its supply to maintain a stable yield. The protocol aims to generate passive income liquidity for users. Subsequently, the Cubo protocol intends to create an automated passive income machine that does not need external input. 

According to the whitepaper, node protocols are accelerating and attracting crypto enthusiasts who haven’t learned about cryptocurrency. Besides, there are different nodes like blockchain securing, NFT, liquidity, etc. Thus, Cubo offers users the liquidity nodes protocol sub-categorized as Planck, Femto, Pico, Nano, Mini, Kilo, Mega, and Giga. These nodes aim to offer a passive income, depending on the funding; hence, the bigger the node is, the better the daily returns would be. 

Further, the protocol aims to create yield from the scarcity of CUBO tokens mixed with liquidity mining and maintaining a DAI treasury. (DAI is a decentralizedstablecoin running on the Ethereum blockchain.) The Cubo protocol maintains and grows a DAI treasury that gives the token its real floor value. Along with the DAI treasury, the protocol manages two other pools—rewards and liquidity. The rewards pool holds most of the CUBO supply. The liquidity pool helps to ensure that there is a market maker for CUBO. 

Cubo DAO aims to use various mechanisms to help stakeholders with the best yield return possible on their assets. Thus, when a node is minted, the protocol creates a CUBO-DAI liquidity pair and stores the liquidity pool tokens in the DAO’s contract pool. 

CUBO token runs the DAO structure of the Cubo ecosystem. The token has a maximum limit of 10,000 tokens per transaction to avoid huge trading of the CUBO tokens. In the future, when CUBO is a more established token, the platform aims to increase the limit and eventually remove it.

Market

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Price change (1h)

+100%

Price change (24h)

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France News about Cubo

CoinDesk • Apr 29, 24

Australian Securities Exchange Could Approve Spot-Bitcoin ETFs Before 2024-End: Bloomberg

The Australian Securities Exchange (ASX), which accounts for 90% of Australia's equity market, is expected to approve the first spot-Bitcoin {BTC} exchange traded funds (ETFs) before the end of 2024, Bloomberg has reported, citing people familiar with the matter.

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Unchained • Apr 29, 24

Optimism Patches Issues With Testnet Fraud Proofs After Alert From Offchain Labs

OP Labs, the entity behind the Ethereum layer 2 network Optimism, has patched two vulnerabilities with the fraud proof system deployed on the testnet. The fix was disclosed by Offchain Labs, the developers of Arbitrum, another popular layer 2 network that is widely considered to be a competitor t...

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CoinDesk • Apr 29, 24

Here’s How EU Nations Are Preparing to Enforce MiCA

With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation.

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The Block • Apr 29, 24

Australia’s largest stock exchange could list approved spot bitcoin ETFs by end of 2024: Bloomberg

Australia’s ASX stock exchange is expected to list its first approved batch of spot bitcoin ETFs on the main board by 2024.

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BeInCrypto • Apr 29, 24

Australia Gears Up for Major Bitcoin ETF Rollouts in 2024

Heavyweight ETF issuers are leading the charge to bring Bitcoin ETFs to the Australian market.The post Australia Gears Up for Major Bitcoin ETF Rollouts in 2024 appeared first on BeInCrypto.

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The Block • Apr 29, 24

South Korea to officialize crypto investigative unit amid surge in crime: report

The country’s Justice Ministry will start discussions in early May to promote the unit to an official department.

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Cubo is on the rise this week.

The price of Cubo has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Cubo’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of Cubo?

We update our Cubo to EUR currency in real-time. Get the live price of Cubo on Coinbase.

What other assets are similar to Cubo?

Assets that have a similar market cap to Cubo include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy Cubo on Coinbase?

Yes, Cubo is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Cubo guide.

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