RE: Deadlines, commitment, etc. by simplifylife

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Viewing a response to: @simplifylife/deadlines-commitment-etc

·@leofinance·
0.000 HBD
I understand your frustrations but where I tend to disagree is that the market has correctly priced LEO, CUB and POLYCUB. I believe that the market has horribly mispriced LEO, CUB and POLYCUB. Much as the market had mispriced STEEM and HIVE in the past.

It is both a blessing and a curse that our base layer is as a social application. It allows us to communicate closely on a daily basis but communication can be good and bad. In some cases, people spread FUD and others believe it and then tokens spiral down to low valuations. 

As a startup, being marked to market on a daily basis (trading of LEO, CUB and POLYCUB is always happening) is hard. Most traditional startups are in the private markets - being valued based on the last funding round they raised. This lets them have months of quiet building before the next fundraising round when they showcase their technology to the world.

LEO, CUB and POLYCUB are priced by the day-to-day sentiments of everyone on the platform. This means that if we decide to spend a few months with our heads down building good technology, people view it as nothing happening and token sentiment downward spirals. Then, it shoots up all of the sudden when we deliver months later. This has happened in the past and it seems the cycle will continue happening until the next big delivery. 

My response to your points is as much for you as it is for me. I believe that people are looking entirely at token prices and completely ignoring actual developments. This is not an attack on you but just a way for me to cover these points and hopefully give you and others a glimpse into viewing fundamentals over token pricing:

> "The leo team has been so focused on polycub, the original LEO token and CUB has left to rot in the gutter."

Actually, in the time since POLYCUB launched, we've released dozens of updates to LeoMobile and LeoFinance.io:
- https://leofinance.io/@leofinance/help-us-design-leomobile-s-app-store-layout-or-get-usd500
- https://leofinance.io/@khaleelkazi/leofinance-engagement-or-can-we-do-10k-comments-this-week
- https://leofinance.io/@khaleelkazi/pdtdjavq
- https://leofinance.io/@leofinance/leofinance-weekly-development-update-or-facebook-hive-lite-accounts-added-leomobile-v0-6-xpolycub-governance-and-phbd
- https://leofinance.io/@leofinance/leoads-or-the-virtuous-growth-cycle-for-leofinance
- https://leofinance.io/@leofinance/leofinance-s-1-key-performance-indicator-kpi

In terms of CUB, we've continually talked about what is coming. POLYCUB is a breeding ground for potential updates on CUB, but why take everything in these early stages and move it to CUB when we can test on POLYCUB and see what works best, then pull the cream of the crop over to CUB in one fell swoop?

> "Cub has been in a gradual decline with no words from the team regarding a solid plan about the future of it."

- https://leofinance.io/@khaleelkazi/wumegecc
- https://leofinance.io/@leofinance/the-high-level-roadmap-for-leofinance-s-defi-branch-or-cubfinance-and-polycub

> "But the fact remains, "The market is always right."

I am an efficient market theorist but at the same time, I believe we're dealing with startup pricing - not public market pricing. We're being marked to market when startups are more reasonably priced in big strides. IMO market pricing catches up when people start to realize that fundamental developments have surpassed market cap. Right now is a FUD cycle and has nothing to do with fundamentals.

> "No one in the wide cryptosphere will ever take a project seriously that is as clumsy at deadlines as Leofinance is."

No startup hits the deadlines it sets. We set aggressive timelines and work to the bone to achieve them. Look to Tesla, SpaceX as examples. In the crypto space, look to Ethereum. Does Ethereum get taken seriously? If so, then look to the Eth2 claims that has been 2 years away for the past 6 years. 

> "Having said all that, even though I fear CUB to really go to zero at some point, I think LEO will not walk down that path given it is the original token of that ecosystem. There is still some interest in it at least within HIVE."

CUB will never go to 0. It will grind down until people see a fundamental valuation that simply cannot go lower. Some are already seeing it and defending $0.04 which is why we haven't seen it decline further despite the rest of the market losing their minds. 

As soon as the V2 update is released to CUB, the turnaround will happen so swiftly and sentiment will flip to "why didn't I buy it at the bottom?"

<hr>

Again, not attacking you, just my opinion to set records straight as I see comments like these frequently. We just posted https://leofinance.io/@leofinance/leofinance-our-vision which explicitly outlines what we aim to achieve in the coming months and years. Token price is irrelevant to our mission



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