Artificial intelligence (AI) is expected to add around $1.5 trillion to the global economy by 2030. AI technology has been catalyzing diverse sectors, especially cryptocurrencies, by democratizing access and unlocking new opportunities.
Recently, the cryptocurrency market has seen the rollout of multiple AI-based tokens, including InQuebta (QUBE), Fetch.AI (FET), and Render (RNDR) – all of which have clocked impressive growth. Many analysts believe that these AI tokens could potentially rise by 100x in the New Year.
While Fetch.AI and Render were launched a few years ago, InQubeta is among the new AI-based tokens that are currently ruling the roost in the crypto market.
Powered by Ethereum, the InQubeta platform connects AI startups looking for financing with potential investors. The platform opens up new avenues of growth for both parties with its intuitive mechanisms.
After its presale funding crossed $6.2 million recently, it is being called one of the best new ICOs of 2023.
InQubeta: Encouraging startup talent with DeFi
InQubeta has emerged as an easy-to-use and highly accessible tool for startups in need of funds. The platform ensures startups don’t have to put their plans on hold due to a lack of resources.
InQubeta has rolled out a native cryptocurrency which is used for all transactional purposes on the network. Known as the QUBE token, the cryptocurrency’s supply is capped at 1.5 billion, and 65 percent is allocated for public sale.
The rest of the supply of this top altcoin is used for meeting various expenses incurred in developing the InQubeta ecosystem.
By holding the QUBE token, buyers can create a steady source of passive earnings via staking. Staking is a process where owners lock their tokens for an agreed period while retaining their ownership.
The locked tokens are used for supporting the blockchain’s operations and the token holders are rewarded with cryptocurrencies.
InQuebeta leverages a decentralized governance structure for making all decisions about the protocol. The USP of such a governance style is that all stakeholders get to contribute to the decision-making process.
If a community member thinks of an idea that could enhance the protocol’s capabilities, they can discuss it with others. The proposed changes would then be put up for a vote where token holders use their voting privileges to make the final decision.
The decentralized and democratic process ensures that no proposal is implemented without the approval of all stakeholders. The high degree of decentralization in management has made it one of the best cryptos in today’s market.
To onboard startups, InQubeta has devised a simple and transparent process without unnecessary formalities. Startups can begin connecting with potential investors after they submit a rewards-based offer.
The offer will entail what an investor can expect from the project and why it’s a good opportunity for them. Using tokenization, these offers are turned into NFTs and then sold to investors. If an investor is on a budget, they can simply buy a part of the NFT as the asset can be fractionalised.
Fetch.AI: Creating a decentralized economy for AI-driven services
Fetch.AI is a decentralized platform where innovators can create and monetize different kinds of AI-based services.
Its native token is known as FET and it is used for making a variety of payments on the platform. One of the most popular offerings of the platform is AI agents which are programmable building blocks to perform a set of tasks – also known as digital twins. These AI agents can search, connect, and transact, to create secure marketplaces.
Render: Leveraging the power of decentralized rendering services.
The Render network connects artists or studios needing GPU rendering services with mining partners. The platform democratizes the supply of GPU rendering services. Its native token is RNDR and it’s used for settling transactions on the platform.
The RNDR token is used by artists and studios to pay GPU providers for their services. A proof-of-render consensus protocol is used for validating all artwork before the payments are made with the token.
Conclusion
The world is moving towards an AI-driven future. The tech has the potential to drive positive change and catalyze multiple sectors such as cryptocurrencies. In the wake of rising AI popularity, tokens like Fetch.AI, InQubeta, and the Render token are great additions to any crypto portfolio as they have the potential to earn both short and long-term returns.
These cryptocurrencies are powered by decentralized and secure frameworks that protect users’ assets and interests. If you’re still looking for a top crypto to invest in, check out the unique features of these tokens.
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The post Can AI coins generate better returns in 2024? Analysts predict 100X returns for Fetch.AI, InQubeta, and Render appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/can-ai-coins-generate-better-returns-in-2024-analysts-predict-100x-returns-for-fetch-ai-inqubeta-and-render/