The cryptocurrency market started 2023 on an optimistic note and it seems like that’s how it’s going to bid adieu to it. Apart from multiple token launches, the digital assets sector is riding high after Avalanche (AVAX) climbed up to the ninth spot in the top crypto rating list by market cap.
Over the next few months, analysts expect to see many other tokens such as InQubeta (QUBE) make it to the Top 100 list. InQubeta is an Ethereum-based token that was rolled out earlier this year and has left everybody surprised with its fast-paced growth.
The platform helps startups leverage artificial intelligence to find investors for their projects. Its user-friendly model and unique use case have made it among the best cryptocurrencies to buy now. Its presale funding recently crossed $ 7.2 million.
What you'll learn 👉
InQubeta: Unraveling the potential of AI startups
InQubeta is a user-friendly and blockchain-powered service designed for AI startups. It makes the task of raising funds not just hassle-free but transparent too. Startups and investors connect through a decentralized portal where both get the opportunity to make informed decisions.
If startups get the funding, their backers can access projects that leverage leading-edge technologies. Its native cryptocurrency is the QUBE token. Due to its versatile model, it has been rated as one of the altcoins to watch out for this year.
The token supply of QUBE has been fixed at 1.5 billion and 65% of it is to be used for public sale. The remaining units will go towards meeting operational expenses like sustaining the liquidity pool, handing out rewards, and paying legal fees and developers.
There’s also a staking facility which token holders can opt for and bag crypto rewards. Staking is a process where tokens are locked in the liquidity pool to bolster a platform’s growth.
QUBE holders are rewarded for locking their tokens. It’s an ideal option for crypto users who are starting out, as they can earn passive income without losing ownership of the asset.
A separate pool has been created for giving the staking rewards and it’s supported by tax proceeds.
The QUBE token is powered by a deflationary model which improves their market competitiveness. It is an anti-inflationary feature that controls the token supply to drive its value. When inflation is high, the stock is kept scarce to avoid price fluctuations and the asset value stable.
Extra tokens are burned as necessary to restore the supply balance.
To ensure that InQubeta keeps up with the times, all prime decisions about protocol changes are made by the community members. The proposed changes are first discussed and then put to a vote. Token holders get special voting privileges to participate in such voting processes. Using their judgment, they can ensure that only well-meaning changes are implemented.
Avalanche holders pay $13.8 million in inscription fees in five days
Avalanche is a leading decentralized platform for creating dApps with cutting-edge tools. The Avalanche ecosystem stands out because it can offer scalability, flexibility, and enhanced security for dApps.
According to market experts, users accumulating its native token AVAX won’t have to worry about what cryptos to buy now for a long time.
One of the key offerings of the AVAX ecosystem is subnets, which is a premier scaling solution. It can help one scale a dApp without impacting its performance or security.
Avalanche was recently in the news after its token holders coughed up around $13.8 million in inscription fees in five days. The fees were paid between December 13, 2023, and December 17, 2023, and reflected the excitement among users to mint tokens or NFTs with inscriptions.
As per the Dune Analytics dashboard, Avalanche has more than 1,160 inscription collections. Inscription cryptocurrencies are generated by including text in regular blockchain transactions and tracking them with an off-chain numbering system. Their popularity has been rising steadily as they can be more cost-effective to move around than native tokens.
Conclusion
Avalanche and InQubeta have had a stellar few months and these two tokens have proved their potential. Apart from consistent growth, the two cryptocurrencies have enabled more and more people to access DeFi solutions and become self-reliant.
While Avalanche helped developers unleash their creativity, InQubeta made it to analysts’ best cryptocurrency ICO list for 2023 with its splendid presale performance. These two tokens are among the best options that the market has to offer for a well-diversified portfolio.
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