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The year 2023 has been a blessing for many crypto users whose hopes were dashed by the market’s tepid performance in 2022. From scandals to regulatory action, there were a lot of factors that contributed to the market’s low growth in the past year. However, 2023 has started on a positive note for the crypto market.
The sector went on to surprise many after its market capitalization reached $1.2 trillion in the first quarter of 2023. If you are looking to start your crypto journey, there are many leading coins that you can choose from. Take the example of InQubeta (QUBE) – an Ethereum-based meme coin that has stunned everybody with its stellar presale growth. The secret to its success is a nuanced platform where startups working on artificial intelligence-based projects can raise funds.
It addresses a key loophole in the startup sector by creating a decentralized platform that brings together startups and potential investors and helps them score mutually beneficial opportunities. What makes it a good platform for investors is that they can gain access to opportunities that leverage a pioneering technology like AI before they hit the market and gain the early bird advantage. The following list features five other crypto projects, which like InQubeta, are expected to explode in 2023.
1. InQubeta: Where fundraising gets easier and more transparent
InQubeta is a next-generation decentralized platform that bridges the gap between AI startups and potential investors. While startups get to explore genuine fundraising options, the investors gain by scoring future-ready investment opportunities. The platform is being lauded for addressing this long-ignored problem of the startup ecosystem which has impeded the growth of many innovative ideas.
This top altcoin project has released a native token called QUBE which will function as the primary cryptocurrency on its network. Built on the ERC-20 protocol, the QUBE token can be used for all transactions, payments, and staking.
Interested buyers can easily participate in the presale process. The presale has already bagged a spot on leading analysts’ best cryptocurrency ico lists because of its stellar growth. The InQubeta team has split the presale process into nine stages and currently, the first stage is in full swing.
Rated as one of the best new icos of 2023, InQubeta has collected over $500k in presale funding till now. Users should, however, keep in mind that all purchased tokens will be locked for 12 weeks and they will be able to access them only after this vesting period ends.
The InQubeta team has reasoned that introducing a vesting period enables it to release the tokens in a phased manner. Otherwise, it would be forced to release the entire stock of QUBE tokens in one go, which would create a glut in the market and hamper the token value. By releasing the tokens in a phased manner, the team ensures a conducive environment for prospective buyers.
Another feature of InQubeta that has impressed many is its security framework and the efficiency of Ethereum’s smart contracts. The security framework of the platform has been audited by leading global companies like Hacken and BlockAudit.
What makes the QUBE token unique is its deflationary mechanism which tames price fluctuations, so that token holders don’t lose their returns to market volatility. The supply of deflationary tokens is adjusted in a way that it always stays below the demand. For this, extra tokens in circulation are destroyed. In InQubeta’s case, all extra tokens are sent to the ‘burn wallet’ where they are destroyed.
Another example of how InQuebeta’s burn mechanism works is its ‘sell tax’ feature. Every token holder who sells the QUBE token has to pay a certain tax on the transaction. While a large part of the tokens received as tax is used funding marketing campaigns and for maintaining rewards and liquidity pools, a small portion is also sent to the burn wallet.
Startups that are interested in looking for funding opportunities on InQubeta would first have to decide on what they would like to offer the investors in exchange for the funding. They could offer something like an equity share in their company or a corresponding reward level. These rewards are represented as an NFT and are then uploaded on the NFT marketplace where investors can evaluate them.
These NFTs can be fractionalised, so that investors can buy fractions of the assets. The feature enables even small-time investors who are on a budget to access promising investment opportunities. If an investor accepts the terms laid down by the startups, they can pay for the NFT with QUBE tokens, and the proceeds are then transferred.
2. DigiToads: Your guide to learning everything about crypto trading
DigiToads is another Ethereum-based cryptocurrency that has changed the rules of the DeFi game with its hybrid DeFi model. The model has been developed by combining the features of three cryptocurrencies – a meme coin, a Web 3.0 game, and a staking portal. The nuanced model enables a crypto user to access multiple options for earning passive income including staking NFTs, trading tokens, winning cryptocurrencies in play-to-earn games and even winning weekly giveaways. One way to access all these opportunities is by buying the platform’s native token TOADS which is also powered by the ERC-20 protocol.
If you are interested in learning cryptocurrency trading for beginners, DigiToads’ trading competitions are a great opportunity. These competitions are held every month and the participants booking the highest trade volume in a month are declared winners. Every winner also gets 10% of the profits they bring in for a particular month.
The 12 winners of trading competitions held throughout the year get a chance to train with the DigiToads team and learn about managing the treasury. Once they become proficient at the job, they will be assisting the team in treasury management regularly. Over time, the DigiToads team will be rolling out sessions on cryptocurrencies where community members will be able to learn all about these digital assets and their uses.
3. Arbitrum: Doing the impossible with Ethereum-based dApps
Arbitrum is among the best cryptocurrencies to buy in today’s market because of its state-of-the-art model that amps up the scalability and security of Ethereum-based dApps and decentralized tools. Its native token ARB is used for any transactional use case that you might encounter on the network. The token is also used for implementing Arbitrum’s decentralized governance system.
The credit for Arbitrum’s nuanced functionality goes to optimistic rollups that offer advantages like unparalleled speed, cost-effectiveness, and higher scalability. Another reason why a lot of developers prefer Arbitrum over other Ethereum-scaling tools is its higher throughput and lower gas fees, which is possible as most computational data is stored off the blockchain.
4. Sui: Exploring the potential of an object-centric DeFi model
Sui is a Layer 1 blockchain that equips developers with multi-purpose tools for building dApps and other kinds of decentralized assets. This top altcoin has a native token which is called SUI and is the medium of exchange on the network. It leverages an object-centric model that uses the Move programming language. The model paves the way for faster transaction speeds through parallel processing and sub-second finality. Sui can support a wide range of dApps due to features like horizontal scalability and storage.
5. Kaspa: High block rates with high security
Rated as one of the altcoins to watch out for in 2023, Kaspa is a blockchain network that leverages the GHOSTDAG protocol. The protocol has leverage over other blockchain networks as it allows blocks to coexist. It’s quite popular among developers due to features like SPV proofs, and reachability which enables them to query the topology and the block data pruning.
It leverages the proof-of-work consensus algorithm. The blockchain network is also preferred because of its capacity to support high block rates while offering high-grade security. Its current mainnet has a speed of one block/second. A rather much less-talked-about feature of the blockchain network is its monetary policy that reduces emissions geometrically over time and uses a 12-note scale of music as a reference.
6. Polygame: Revolutionizing the esports ecosystem
Polygame is a top altcoin that has been driving impact as a decentralized esports and crypto streaming platform. Users can play games, design tournaments, mint NFTs, design advertisements and build thriving communities of fans. Its native token is PGEM which is used for various transactional purposes on the platform. Though the PGEM token supply is 5 billion, only 5% of the coins will be released for presale and private sales. The platform also has a policy of incentivized engagement and has rolled out a lucrative staking programme.
Users can earn PGEM tokens by engaging with their favorite streamers and other activities hosted by the platform. In addition, streamers can also earn PGEM tokens for their consistent streaming activities.
Conclusion
Given how popular and functional the above-mentioned cryptocurrencies are, you can choose any of them the next time you wonder what cryptos to buy now. These cryptocurrencies have smashed crypto records and reached new heights of popularity by being powerhouses of features that focus on their users’ welfare. While these cryptocurrencies have their fair share of strengths, many analysts believe that they lag behind InQubeta when it comes to growth potential.
Among the crypto analysts who have reviewed the QUBE token, many claim that InQubeta’s industry-linked use cases give it an advantage over other altcoins. Its unique model can drive a revolution not only in the startup sector but also in the decentralized finance ecosystem. Over the next few months, analysts feel that the QUBE token is likely to surge ahead as it has the potential to grow by 40x by the year-end. Hence, it makes for a dependable project for anyone looking to earn long-term gains.
Given how dynamic the cryptocurrency market is, things are always on the move. So it’s always advisable for crypto buyers to research a token first before deciding to buy it. A thorough research helps one understand potential risks and make well-informed decisions.
*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/06/23/promising-crypto-2023-digitoads-inqubeta/