Blockchain analytics firm Nansen recently created quite a stir after it reported that PayPal’s recently released stablecoin PYUSD was struggling with adoption. The stablecoin is pegged to the US dollar and is powered by the Ethereum network.
Meanwhile, in another piece of news, analysts are excited about the prospects of Monero, Polygon, and InQubeta (QUBE) as they feel that the three altcoins have the potential to grow by 1,500% in the coming months. While Monero and Polygon have been around for quite some time now, InQubeta is a newly launched token that helps startups score funding opportunities for artificial intelligence-based projects. Experts who have reviewed the Ethereum-based cryptocurrency are impressed by its cutting-edge features and feel that people who opt for it won’t have to worry about which crypto to buy for a long time.
InQubeta: A melting pot for AI and DeFi
InQubeta is a one-of-a-kind platform where startups in the AI sector can look for fundraising opportunities and bring their ideas to life. Despite the dynamic nature of the startup sector, many budding companies are unable to scale to growth. InQubeta aims to address the challenge and help them boost their growth trajectory. At the same time, it will help investors get access to promising projects before they hit the market and gain the early-mover benefit.
The platform has a native cryptocurrency called the QUBE token which is used for all kinds of transactions on the network. The native token is modeled on the ERC-20 standard of the Ethereum network and is also used for giving out various kinds of rewards to community members. If you are interested in purchasing the QUBE token, you can do so by participating in its presale, which is currently in its third stage. Called one of the best new icos of the year, the crypto project has raised $2.4 million in funding.
With a seamless and transparent model, InQubeta makes it easy if you are wondering which crypto to invest in. QUBE token holders also have the option of staking these digital assets to support the growth of the blockchain-powered platform and maintain the liquidity pool.
In exchange, they will receive regular crypto rewards. Another USP of the QUBE token is that it’s a deflationary cryptocurrency and helps in taming price fluctuations by keeping the token supply scarce. When the token supply surpasses the market demand, additional tokens are burned by sending them to a burn wallet. If you are a startup that’s interested in raising funds on InQubeta, the first thing you should do is decide what you want to offer investors in exchange for the funding.
The exchange offer could be a share in the company’s equity or a corresponding reward level. The offer will be minted into an NFT by the InQubeta team and then uploaded on the platform’s NFT marketplace. In the marketplace, potential investors will be able to evaluate the NFTs and buy them if they agree to the startup’s terms. What’s more is that these NFTs can be bought in fractions as well, making them ideal for even those investors who are on a budget.
Polygon unveils new toolkit for developers
Polygon is a top altcoin that enables developers to scale Ethereum-based dApps and other kinds of decentralized systems seamlessly without hampering security. Polygon’s secret to success is the way it leverages zero-knowledge technology to build niche tools that enable developers to boost Ethereum’s capabilities. The platform’s native token is MATIC and it’s among the most-traded cryptocurrencies in the world.
The platform was recently in the news after it launched a toolkit for developers that would help them scale Ethereum-powered dApps with Zk proofs.
Monero: Making private crypto transactions seamless
Monero is a privacy-focused cryptocurrency that leverages pioneering technologies like multi-sig authentication, Ring Confidential transactions, and stealth addresses to allow its users to make seamless digital transactions. Its native cryptocurrency is the XMR token which is the official medium of exchange of the network.
Unlike most altcoins, the XMR token is completely fungible and all details about the sender and recipient of a transaction are kept obscure. The feature also minimizes the possibility of payments being sent to the wrong crypto wallet or address. The platform uses the proof-of-work consensus algorithm for securing its network.
Conclusion
While Monero and Polygon are innovative crypto projects with power-packed features, they pale in comparison to InQubeta which has a higher growth potential and a utility-centric model. InQubeta allows its users to express the potential of the startup ecosystem while building a sustained source of income to secure their future. Moreover, with features like a robust security framework and a decentralized coin, this top altcoin does a good job of shielding its community members’ assets and privacy. It has all it takes to end your worries about which crypto to buy.
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Source: https://www.analyticsinsight.net/nansen-weighs-in-on-paypals-stablecoin-issues-1500-surge-for-polygon-monero-inqubeta-ahead/