Crypto users found multiple reasons to cheer as the cryptocurrency market clocked a sharp uptick in the prices of popular altcoins like Shiba Inu (SHIBA). Shortly after the dog-themed meme coin’s burn rate rose to 250%, there was an uptrend in the token’s price and daily trading volume. Meanwhile, InQubeta’s (QUBE) presale success was another surprise that uplifted the market. The Ethereum-based platform’s presale funding recently crossed $3.8 million and granted it a spot on leading analysts’ best cryptocurrency ICO list for the year.
While Shiba Inu is considered to be one of the most successful meme coins of all time, InQubeta was rolled out earlier this year and is a crowdfunding platform for startups working with artificial intelligence (AI).
InQubeta: A DeFi solution to promote AI innovation
InQubeta has been making rapid strides in the crypto market with its matchless features that make it easier for startups to raise finances for AI-based projects. Not only does it help startups unlock new avenues of growth, but it also enables investors to explore new investment opportunities that explore the future of AI technology. To ensure that all transactions between the startups and investors are conducted seamlessly, the platform has released its native cryptocurrency called the QUBE token. It’s an ERC-20 token that is used for making payments, paying taxes, and giving out rewards.
The InQubeta team has decided to limit the QUBE token supply to 1.5 billion. A large portion of this supply – 65% to be exact – is allocated for public sale. The leftover tokens are used for different use cases like paying developers, the legal team, or advisors, maintaining the liquidity pool, and financing marketing campaigns.
The QUBE token is among the altcoins to watch out for this year due to its versatile framework. Apart from facilitating transactional purposes, the token is a key component of InQubeta’s decentralized governance structure – where decisions are taken by consulting all stakeholders. Any proposals for changes in protocol or product launches are pitched as proposals which are then discussed at length. The proposed changes are implemented only after they get a majority in the voting process. QUBE token holders are granted voting privileges which they can use to vote for such proposals and get them implemented.
Given how well the platform takes care of the requirements of both startups and investors, by choosing InQubeta you won’t have to worry about what cryptos to buy now for a long time. Its transparent and user-friendly model ensures a hassle-free onboarding process for startups. The only thing that startups need to do is to come up with a reward-based offer for the investors. These offers are converted into NFTs and then posted on InQubeta’s online marketplace where investors can evaluate and purchase these NFTs.
With fractionalization, these NFTs can be split into smaller assets. This makes it easier for even budget-conscious crypto users to turn into startup investors.
Burn rate of the SHIB token rises by 250%
Shiba Inu is among the most-traded meme coins in the world. The altcoin draws inspiration from the famous Japanese dog breed of the same name and in the past has enjoyed the patronage of celebrities like Tesla CEO Elon Musk. The meme coin’s native cryptocurrency is the SHIB token. As its popularity rose, retailers across the world started accepting the SHIB tokens for payments.
The meme coin has also grabbed headlines with its initiatives to expand the Shiba Inu ecosystem with new products like Shibarium. Shibarium is Shiba Inu’s upcoming Layer 2 blockchain protocol that is powered by Ethereum. Once Shibarium is launched, the Shiba Inu ecosystem will be able to boast of products like a decentralized exchange, blockchain-based games, and Metaverse. SHIB token is currently being accumulated heavily as its burn rate has increased which will help to decrease supply and push up prices in the long run.
Conclusion
If you are looking for the best cryptocurrency to buy in today’s market, both Shiba Inu and InQubeta are good options to consider. However, if you are focusing on the long-term scenario as well, InQubeta might be better for your portfolio. Analysts who have assessed InQubeta’s model claim that its unique model gives it an edge in terms of growth potential. The platform not only promotes startup growth through the supply of funding but also helps regular crypto users discover a new income source. It also has features like a deflationary token model to shield returns against market volatility and inflation. At the same time, a next-generation security framework ensures that investors’ privacy is well protected.
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Source: https://www.analyticsinsight.net/shiba-inu-shib-burn-rate-jumps-250-inqubeta-qube-breaks-3-8-m-in-presale/