Artificial intelligence (AI) is a force to reckon with. It has catalyzed the DeFi industry by enhancing the scalability, security, and efficiency of crypto projects. The combination of DeFi and AI has also left crypto users impressed.
The recent presale success of InQubeta (QUBE) indicates the powerful impact that these two technologies can create for the benefit of humanity.
InQubeta is an Ethereum-based platform that matches AI startups with legitimate investors. With decentralization, InQubeta makes crowdfunding not just faster but also more transparent.
Its ongoing cryptocurrency ICO has raised over $6.7 million in presale funding so far. Market experts are now keen to know if it has the potential to outperform top names like Monero (XMR) and Ethereum (ETH).
InQubeta: A dash of DeFi in startup finance
InQubeta is a decentralized portal designed for AI startups in search of funds. Its DeFi model connects startups and investors to ensure that both can find growth opportunities. Its native cryptocurrency is the QUBE token, and it’s used for all transactions.
InQubeta facilitates interactions between the startup and investor through its NFT marketplace. Innovators in need of funds create rewards-based offers for investors.
These offers are minted as NFTs and then posted on InQubeta’s online portal. Investors can compare and buy NFT projects at the portal. These assets can be split into smaller parts and made accessible for budget-conscious buyers.
The QUBE token comes with a staking feature. Owners can stake the cryptocurrency and get rewards. The tokens will be locked and they don’t have to lose the ownership of the assets. These staked tokens are used to support the platform’s growth.
The QUBE token is listed as a top crypto to invest in because of its built-in safeguard against inflation. The token supply is kept scarce to avert price fluctuations during inflation or in times of market disturbances.
The strategy also involves burning extra tokens that may have entered the circulation. This is exactly what the team does when tax collections increase the availability of QUBE tokens.
Anyone buying or selling the native token has to pay a tax. InQubeta burns a small chunk of the tax proceeds to prevent the supply from rising.
The onus of decision-making falls on token holders. Important changes like new features, tweaks to the protocol, generating tokens, or product launches need to be approved by the InQubeta community before being implemented. All proposed changes are discussed and then put to a vote.
Token holders get voting privileges to participate in the process. Their decision warrants that only approved proposals are implemented.
Ethereum to power AIDI Finance’s new platform
Ethereum is a versatile blockchain technology that can be used for creating dApps, cryptocurrencies, NFTs, and blockchains. Its native token ETH is the official medium of exchange of the network.
ETH is one of the oldest cryptos but it still has an edge over new altcoins due to its enhanced scalability and security.
The blockchain was previously based on the proof-of-work consensus mechanism. In 2022, the blockchain shifted to the proof-of-stake consensus protocol for authenticating its transactions. The upgrade took months and was called ‘The Merge’.
Ethereum is a resourceful technology that is known for its flexibility. Recently, AIDI Finance announced that it will launch its platform on Ethereum.
The platform aims to reinvent the DeFi ecosystem with its exclusive features and benefits. AIDI Finance’s current offerings include a lottery engine, crypto cards, and a decentralized exchange.
Monero’s enterprise wallet rolls out API solution
Monero is a privacy-focused crypto token that has won over users across the world. It powers online transactions using its native token XMR.
These transactions are secure and untraceable, as the sender and receiver are anonymous by default. The other technologies used for security are stealth addresses and Ring CT transactions.
Rino, which is the only enterprise wallet compatible with the Monero blockchain, unlocked a new milestone by releasing an API solution.
The Web 3.0 wallet caters to the needs of businesses and their teams with features like four-eye approval, viewing privileges, multi-signature sign-ins, and spending caps.
Conclusion
Considering their recent market performances, InQubeta, Monero, and Ethereum are the best altcoins for 2023. These cryptocurrencies stand for the ever-growing potential of DeFi solutions and can provide financial independence to their long-term holders.
All three cryptocurrencies feature a decentralized governance structure that incentivizes users to engage with the platforms.
Their strong security frameworks boost users’ confidence in their capabilities.
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Source: https://www.analyticsinsight.net/can-the-next-big-ai-powered-defi-crypto-inqubeta-surpass-monero-and-ethereum/