Solana’s (SOL) DeFi platform Jito created a buzz recently after its daily volume of transactions crossed $1.1 billion within 24 hours of being launched. The Jito token price soared after the milestone brought some cheer to the crypto market.
An uptick in the Render Network’s (RNDR) performance also boosted the market sentiment.
However, all eyes were on InQubeta (QUBE) which has won over people with its presale success. InQubeta is an Ethereum-based crowdfunding facility for artificial intelligence-driven startups.
Its cryptocurrency ICO recently crossed $6.8 million.
What you'll learn 👉
InQubeta: Startup finance with a twist of DeFi
InQubeta has been a game changer for the startup ecosystem as it empowers them to fuel change with AI. Its native cryptocurrency, the QUBE token, ensures seamless and fuss-free transactions.
Token holders can gain by staking the asset for as long as they want. While the staked tokens support the platform’s growth, their owners earn a steady passive income.
InQubeta has been built with a decentralized governance structure where the community is in charge of decision-making. Important protocol changes are introduced after they are vetted and undergo a voting process.
Token holders get voting rights which they use to convey what they feel about a proposed change. A proposal will be applied only if there is a consensus among voters. Community members holding QUBE tokens can suggest changes to the protocol if they feel it could add to its potential.
InQubeta has been named as a top crypto to invest in because of how easy it is to use it. There is a transparent mechanism for onboarding startups and helping them connect with investors. There are no time-wasting or dubious formalities.
Interactions between the two sides are facilitated via an NFT marketplace. The NFTs are sold at the portal as rewards-based offers submitted by companies looking for funding.
The offers explain how investors can gain by financing an AI startup’s project. They are tokenized and then uploaded as NFTs for easy access.
An investor interested in a project can buy the NFT with QUBE tokens. They can also choose to invest in just a part of the project as these NFTs can be fractionalised.
QUBE is a robust DeFi and AI driven network that could potentially yield huge gains for its long-term hodlers. Investing in new cryptocurrencies during the presale stage can provide better returns for early buyers.
Solana’s Bonk meme coin to be listed on Coinbase
Solana is a major supplier of Web 3.0 solutions for deploying dApps and other decentralized infrastructure. It’s a scalable and energy-efficient platform that has outperformed new altcoins with its versatility. Its native token is represented by the symbol SOL.
The blockchain offers a diverse range of tools to mint, sell, and swap NFTs. It has high throughput and nominal gas fees which makes it suitable for developing GameFi solutions.
Popular crypto exchange Coinbase will be listing Solana-powered meme coin Bonk, which is a dog-themed token. The DEX announced that it is trying to increase transparency by providing information symmetry about the meme coin. Following the announcement, Bonk also saw some positive price action.
Render Network community votes for implementing RNP-007
The Render Network offers decentralized GPU services to studios and artists for creating 3D applications. It utilizes idle GPU systems and offers services that are affordable and scalable. Its native token RNDR is used for settling payments within the network.
Earlier this year, the platform switched operations from Ethereum to the Solana blockchain. The move is aimed at cutting down operational costs and benefitting from Solana’s advanced features.
In a recent development, the RNDR community voted for the implementation of the RNP-007 proposal. The proposal had pitched FEDML’s onboarding as a compute client.
Render Network had claimed that the integration would make its resources more accessible to AI developers. A compute client is software that processes a blockchain’s transactions on a computer system.
Conclusion
InQubeta, Render Network, and Solana’s robust performances over the past months place them among the best altcoins for 2023. These networks have demonstrated the wide-ranging impact of DeFi and its capability to drive meaningful innovation.
The three tokens are democratizing fields through blockchain while assuring their patrons of security and privacy. Analysts suggest that over the years they are likely to chart an impressive growth trajectory.
Crypto buyers must carefully evaluate a project before committing huge amounts of capital.
DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.
