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In yet another indication of how cryptocurrencies are making inroads into people’s daily lives, international beauty brand Sephora recently started accepting cryptocurrencies like Shiba Inu (SHIB) and Ripple (XRP) as payment for online orders. The development is an example of how cryptocurrencies are ramping up their user base with innovative solutions. Another cryptocurrency that has seen a spike in popularity is InQubeta (QUBE) whose cryptocurrency ico surprised everybody as its presale funding has crossed $3.4 million.
The Ethereum-powered platform helps startups leveraging the potential of artificial intelligence connect with potential investors and raise funds. Coupled with cutting-edge features, InQubeta has emerged as one of the best altcoins for 2023 and has even managed to woo analysts with its potential.
Summary
InQubeta: Transforming the AI startup ecosystem with DeFi
InQubeta is not your average cryptocurrency but a state-of-the-art decentralized platform where AI startups can score ample funding for their projects. The platform addresses a structural challenge that often inhibits the growth of startups. At the same time, investors looking to secure their future can gain access to promising projects ahead of their market launch. Not only can investors gain the early bird advantage but they can also stay ahead of the competition.Â
What binds the platform together is its native cryptocurrency, the QUBE token. Consumer interest in QUBE has spiked with many buyers accumulating huge volumes during the presale. Modeled on the ERC-20 standard, the QUBE token is used for various transactional use cases and payments on the network. A key factor that has contributed to the token’s meteoric rise is its deflationary model which acts as a shield against inflationary pressures and market volatility.
A deflationary model mandates that the token supply always stays below the quantity demanded in the market. To keep the supply scarce, the team sends extra tokens to a burn wallet where they are destroyed. An example of how the deflationary mechanism works is InQubeta’s tax system for the sale and purchase of QUBE tokens. Any time a person sells or buys the QUBE token, they have to pay a nominal tax which is also paid in terms of the QUBE token. While most of the tax proceeds are used for maintaining the liquidity and staking pools or for financing marketing activities, a small share is also burned to prevent the supply from going haywire.
InQubeta is among the new altcoins that have won over its users with their minimalistic yet impactful design. Its user-friendly interface allows its users to unlock various opportunities without any hassles. To get started, a company would have to come up with an offer for the investor. These offers would typically comprise a reward level or a share in its equity.
After being tokenized and minted into NFTs, these offers are uploaded on the NFT marketplace where investors can assess them. If an investor agrees to the terms laid down by the startup, they can buy the NFT with their QUBE tokens. What’s more, these NFTs can be divided into smaller assets, thanks to fractionalisation. The feature makes InQubeta a budget-friendly option for even an average crypto user.
Interested users can buy the QUBE token at the current price of $0.0133 for potentially king-sized gains in the long term.
Singapore’s Monetary Authority approves Ripple’s licence
Ripple is a decentralized platform where businesses can score enterprise-grade solutions to make their operations more efficient. Powered by the XRP Ledger technology, the Ripple network is powered by a native cryptocurrency called XRP which is widely used as a payment cryptocurrency for processing remittances.
The platform was recently in the news after it announced that its Singapore license for operating as a digital payment solutions provider was approved by the country’s Monetary Authority. Ripple will be able to provide token payment services in Singapore. The XRP token has also been accepted by FCF Pay recently as a payment method. Analysts are backing the XRP token in 2023 as it could potentially register multiple rallies due to many partnerships with major enterprises throughout the world.
Buy Honda products with your Shiba Inu tokens
Shiba Inu could well be credited for laying the foundation of the modern-day meme coin sector. Based on a Japanese dog breed, Shiba Inu is among the most popular dog-themed meme coins in the world. Its native cryptocurrency is the SHIB token which is used for various transactional purposes and is preferred as a payment cryptocurrency.
Shiba Inu recently hit the headlines after leading automobile manufacturer Honda announced that it would be accepting the SHIB token as a means of payment.
Conclusion
While Shiba Inu and Ripple are among the top cryptos to invest in, they lag behind InQubeta in terms of growth potential. By enabling even an average crypto user to become a startup investor, the platform helps people dream big and build a sustained source of income. As the latest ICO funding gathers steam, InQubeta could well become the top crypto in 2023. Its next-generation features and technology make it an ideal option for diversifying a portfolio. InQubeta’s robust security framework ensures that users’ assets are safe at all times.
*This article was paid for Cryptonomist did not write the article or test the platform.
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