Ethereum and InQubeta have experienced a remarkable year, with analysts predicting that this trend will continue. These tokens are considered the best altcoins to invest in at present, offering portfolio diversification and new opportunities in the DeFi ecosystem. As the crypto sector expands, Ethereum and InQubeta are seen as the most promising for future gains.
Despite the anticipation for the launch of Ethereum (ETH) exchange-traded funds (ETFs) in 2023, the rollout has been slower than expected. However, InQubeta’s (QUBE) presale growth has attracted significant attention. The decentralized platform, which aids startups in securing investors for artificial intelligence-based projects, has seen its popularity surge due to its unique use case. Its presale funding currently exceeds $8 million.
InQubeta is instrumental in helping AI startups scale by removing common crowdfunding hurdles and accelerating AI innovation. The platform enables young enterprises to create impactful solutions without worrying about fund shortages. All payments are made in InQubeta’s native cryptocurrency, the QUBE token, which facilitates smooth transactions. The QUBE token, built using the ERC-20 standard, plays multiple roles in the platform’s operations.
One of its key roles is in governance. Changes to the InQubeta protocol are made by consulting the entire community. Proposed changes are discussed internally and then put to a vote. Token holders use their discretion to allow only necessary changes to be made. The QUBE token also has a deflationary character, controlling the asset’s market supply to protect its returns against inflation. If the token supply increases, the extra stock is reduced by burning it. A small tax is levied on QUBE tokens bought or sold, which goes towards platform maintenance. A portion of this tax is burned to avoid an unwarranted rise in supply.
The QUBE token offers multiple opportunities for its holders. It can be staked to earn a passive income, supporting blockchain development through stable liquidity levels. In exchange, token holders earn cryptocurrencies for as long as their asset is staked. These rewards are distributed from a pool funded by tax collections.
Ethereum, a blockchain-based technology used for designing Web 3.0 solutions like dApps, cryptocurrencies, and NFTs, is known for its potential to drive impact when combined with technologies like zero-knowledge. Its native cryptocurrency ETH is considered one of the best crypto investments today. Despite concerns over the delay in SEC approvals for Ethereum ETFs, the cryptocurrency remains popular among buyers. The SEC has pushed back the deadline for a final decision on multiple Ethereum ETFs to May 2024, citing ongoing proceedings that involve gathering public feedback on the listing of ETFs.
The governance token of Ethereum Name Service recently surged following co-founder Vitalik Buterin’s comments about its importance for Layer 2 blockchains. The Ethereum Name Service allows the purchase of domain names on the blockchain for asset transfers. Buterin stated that the L2 blockchain aims to improve user experiences by incorporating ENS domains.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Vitalik Buterin |
| Companies | Ethereum, Ethereum Name Service, InQubeta, US Securities Exchange and Commission |
| Currencies | Ethereum, TokenFi, inqubeta |
| Securities | None |
