As the first ever cryptocurrency, Bitcoin is always in the news for one reason or the other. This time it’s its halving event. Halving is a process where the rewards for mining a token are halved. The mechanism helps in reducing inflation and keeps the token supply scarce. The market is rife with speculation about how it will impact Bitcon’s price. A section of experts believes that Bitcoin has the potential to clock massive growth and might even reach the $148,000 level after its halving event.
Meanwhile, InQubeta (QUBE) is another cryptocurrency that has been creating a stir as it targets a coveted spot among the Top 50 tokens by next year. The Ethereum-based decentralized platform helps startups working with artificial intelligence to find authentic fundraising opportunities and bring new ideas to life. Impressed by its cutting-edge features, many analysts feel that InQubeta is among the best altcoins to buy now. It proved its mettle after its presale kicked off on a strong note. So far, the cryptocurrency has raked in $2.4 million in funding.
InQubeta: Empowering startups with DeFi solutions
InQubeta is a leading decentralized platform that can give any altcoin a run for its money with its unique approach. Its transparent and user-centric model enables startups to easily find investors and boost their growth trajectory without having to worry about funds. Investors get the early-mover benefit as they can explore promising AI projects even before they enter the market. For catering to various kinds of transactional purposes and distributing rewards, the platform has rolled out a native cryptocurrency called the QUBE token.
If you are interested, you can purchase the QUBE token on presale. The only thing is that it has a 12-week vesting period. Buyers will be able to get their hands on the purchased tokens only after the lock-in period ends.
Based on the ERC-20 model of Ethereum, the QUBE token is a good crypto to buy as it has a deflationary model that tames price fluctuations and keeps the token value stable. A deflationary coin’s supply is always kept less than its market demand and any increase in the supply is fixed by burning extra tokens. An example of how this works is the taxes the InQubeta team levies on the purchase and sale of QUBE tokens. Every time a QUBE token is bought or sold, the buyer or seller has to pay a small tax. The tax proceeds are in terms of the QUBE token and the lion’s share of the proceeds are used for funding marketing activities and maintaining the rewards and liquidity pools. A small share of the tokens collected are also burned to ensure that the supply stays within the stipulated limit.
The InQubeta team must be given credit for devising a seamless and user-friendly onboarding process for startups. Startups need to think of what they would like to offer the investors in exchange for investing in their company. The offer may comprise a reward level or a share in the company’s equity. The offer is then minted into an NFT and uploaded on the NFT marketplace. Potential investors can evaluate these NFTs and then pay for them if they agree with the startups’ terms. The NFTs can be purchased as a whole or in fractions.
MVP of ‘Build on Bitcoin’ solution unveiled
Bitcoin is among the best crypto investments that you can find in today’s market. Its native token is BTC and is one of the most traded tokens on multiple exchanges. The platform leverages the proof-of-work consensus mechanism for validating transactions and securing the network. The BTC tokens are generated through a process called mining where professional miners get rewarded for their efforts. Miners can choose to either operate solo or as part of a mining pool.
BTC hit the news recently after Bitcoin’s decentralized infrastructure provider Interlay rolled out the Minimum Viable Product for its ‘Build on Bitcoin’ solution.
Conclusion
While both the above-mentioned coins are top crypto coins, InQubeta steals a march over Bitcoin when it comes to long-term growth potential and innovative solutions. The platform enables its token holders to explore the potential of some of the brightest AI projects and invest fractionally. Over time, these projects can create a sustained source of income for users. At the same time, InQubeta has features like a decentralized governance structure where all stakeholders are duly consulted for all important decisions regarding the protocol.
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