FAQ

Is this a fork of Strong, Ring, etc?

No, Cubo is heavily influenced by Strong as the whole team is a fan of Strong. But Cubo is a unique project. Although the concept is similar to Strong, all the code was written from the ground up by our team.

This approach allows us to build a unique product that has unique properties.

Why provide X CUBO and X DAI?

Our contract will create LP tokens in QuickSwap. For this it needs a pair of tokens. Providing liquidity requires 50% of each token. With the system implemented by Cubo a user that creates a node with CUBO over $1 USD is saving on the DAI side. This means the user can provide liquidity cheaper than at a regular DEX.

This system also incentivises Cubo believers to keep the price over $1, creating a floor for CUBO's price.

What if CUBO price goes a lot over $1?

If the price goes a lot over $1 there's a theoretical risk that the contract's DAI pool gets depleted. In this case the contract will automatically start adjusting the LP tokens to use the 100 DAI, but less than 100 CUBO (nano node case). The remaining CUBO tokens are kept in the rewards pool.

So if CUBO is at $100, this means the liquidity pair created would be: 100 DAI - 1 CUBO. The remaining 99 CUBO provided are added to the rewards pool.