Did the Farmcubation of $EBOX Work?

Tuesday 02 March 2021, 12:08 AM AEST - 1 month ago

Did the Farmcubation of $EBOX Work? 7Did the Farmcubation of $EBOX Work? 19

Cryptocurrency security provider ethbox has a unique feature: its own cryptocurrency, $EBOX. While most users enjoy the benefits of secure transactions in the Ethereum blockchain using ethbox, they can also own the associated EBOX for further rewards. Holders of EBOX get a share of staking revenue, as well as a 25% share of the profits from the fees of those using ethbox. They can also make the most of discounts when using ethbox themselves. The EBOX coin has not yet been released to the public, but some have been available in limited promotions.

Recently, ethbox partnered with DuckDAO for an exclusive farmcubation offer of EBOX coins. This gave people interested in the public sale of EBOX a chance to get coins before it went to public sale, offering a unique opportunity for them. The DuckDAO farmcubation promotion aimed to enable early access to EBOX and help market it to a wider audience, including a large community of DuckDAO followers.

Other DuckDAO farmcubations have been very effective in promoting new crypto coins, opening them up to bigger audiences, and even driving up the price.

ethbox signed up with one of the leading marketing agencies in the blockchain space, KEY Difference Media for its campaign promotion.

What happened with EBOXs farmcubation?

During this exclusive farmcubation, EBOXs price was tied to that of DuckDAOs cryptocurrency, $DUCK. More users bought the DUCK tokens to participate in the farmcubation which increased the price of DUCK token unexpectedly and dramatically, so did the price of EBOX which was tied to it. The price rose to around $0.10.

As EBOXs public sale had a price of $0.055 set (due to launch shortly), many would have expected the farmcubation sale to be unsuccessful. However, even at this price, EBOX still sold out during farmcubation in seconds. Moreover, farmcubation has vesting model. Its not immediately released to the investors. Nevertheless, it did not stop them from buying it in a mere matter of seconds.

That mean ...

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