The recent bull rally has led many tokens to clock record gains. The bull run came as a boost for Bitcoin which has managed to stay above $39,000 for a while.
Other altcoins like InQubeta (QUBE) and Avalanche (AVAX), are expected to grow higher over the next few months.
While many experts weren’t surprised by Aave’s growth, InQubeta was a surprise for all as it was launched only recently. Powered by Ethereum, QUBE helps startups with crowdfunding for their artificial intelligence-based projects.
InQubeta became one of the best new ICOs of the year after its presale funding crossed $5.8 million recently.
What you'll learn 👉
InQubeta: Ushering in new opportunities for AI startups
InQubeta enables startups to secure the financial resources they need to build the future of AI. It also helps crypto users be a part of the AI revolution and create wealth-generation opportunities to secure their future.
The platform has rolled out a native cryptocurrency called the QUBE token which is used for all kinds of transactions on the Ethereum-powered network.
The QUBE token’s deflationary character is an important USP of the asset that keeps your portfolio in good spirits when the markets are anything but. The deflationary mechanism works on the idea that by keeping the token supply scarce, price fluctuations are reduced. A stable price boosts the confidence of holders and maintains stable returns. To keep the token availability scarce, the InQubeta team weeds out excess tokens within the ecosystem by burning them.
Disturbances in supply usually occur when there are too many tokens being sold or bought, as there is a tax to be paid on such transactions. These tax proceeds are collected in terms of the QUBE tokens and can end up disturbing the supply plans. To fix that, the InQubeta team always burns 1% of the tax proceeds. The remainder is used for meeting marketing expenses, keeping the liquidity and rewards pools flush.
A novel factor about the top altcoin is its decentralized governance structure. The governance system brings all community members together and ensures that decisions are taken in consensus.
Any important protocol changes are first discussed among members and then put to a vote. The voting process involves token holders using their voting privileges to make decisions that are in the best interests of the platform.
By not putting too much power in one entity’s hands, InQubeta’s governance structure ensures that all stakeholders are on the same page about key decisions.
InQubeta works on a fair and transparent mechanism where startups and potential investors can be sure of genuine opportunities. Without any annoying formalities, the two sides are free to take their time in evaluating their options and making informed choices. Startups only need to furnish an offer for investors to begin the crowdfunding process and gain access to funds.
The offer characterizes what investors will get in exchange for funding for a startup project. The NFT versions of these offers are made available for sale on an online marketplace where investors can buy them.
These NFTs can be fractionalised which makes them amenable for cost-conscious users too.
R/NOTE to be listed for trading on Avalanche-based INX
Avalanche is a Layer 1 blockchain where developers can find customized solutions for easily deploying virtual machines and dApps. The platform has a premium scaling solution called Subnet that lets developers scale blockchains without losing flexibility or scalability.
With Subnets, developers can manage tasks like connecting with validators or minting a gas token with ease. Its native platform AVAX is considered among the best cryptos available in the market currently by analysts.
Avalanche has managed to stay ahead of the competition through a slew of partnerships and gaining new capabilities. Recently, Republic announced that it would be rolling out a profit-sharing digital asset on the Avalanche network. Known as Republic Note (R/NOTE), the asset is expected to open up private investments to more people. The R/NOTE will be listed for trading on the secondary market through the Avalanche-based trading platform INX.
Conclusion
Avalanche and InQubeta have emerged as top cryptos to invest in with a variety of features. Their models are easy to understand and reward users for their participation.
Whether it’s staking or governance, these two cryptocurrencies believe in taking along their communities in their growth journey and helping everyone thrive.
Buyers should evaluate a project in terms of long-term growth before committing huge funds. Diversification can reduce some risks and provide optimum gains.
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