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Two significant developments have come to the fore. First, Lebanon is grappling with economic instability, including high inflation and capital controls. In this scenario, Bitcoin, often seen as a crypto for beginners due to its relative accessibility and stability, has gained popularity. It serves as a decentralized and relatively stable store of value compared to Lebanon’s depreciating national currency. This shift towards Bitcoin adoption underscores the adaptability of cryptocurrencies, offering both investment opportunities and practical solutions during economic challenges.
Second, InQubeta ($QUBE) has achieved a milestone by securing over $3.4 million in funding. The platform’s strategy centers on fractional investments through non-fungible tokens (NFTs), making AI investments more accessible. Integrating blockchain technology and smart contracts adds transparency and security, making InQubeta one of the best new DeFi projects in the market today.Â
Summary
Lebanon Embraces Bitcoin Amid Economic Crisis
Amid Lebanon’s economic turmoil and soaring inflation rates, Bitcoin adoption has witnessed a significant surge, becoming the best coin to invest in within the country for many. Lebanon’s persistent financial crisis has prompted individuals and businesses to explore alternative methods of preserving their wealth and conducting transactions. Amongst the many different digital assets, Bitcoin has risen as a preferred choice. It provides a decentralized and relatively stable store of value, offering a stark contrast to the rapid depreciation of the country’s national currency.
The country’s economic situation is a product of several factors. These include the prevalence of corruption which led to political instability, the failure of the country’s banking sector, and inflation that has affected global and local markets. The Lebanese pound has become a volatile asset, losing more than 98% of its value since 2019. As a result, Lebanese citizens have turned to Bitcoin not only to protect their assets from hyperinflation but also to facilitate international trade and cross-border transactions in a climate of strict capital controls.
Bitcoin’s borderless nature and accessibility through digital platforms, coupled with its perceived stability and utility as an alternative store of value, have made it an attractive option for those looking to navigate the financial challenges posed by the country’s economic instability. Bitcoin adoption has provided some relief for individuals seeking financial security. It also underscores the broader global trend of cryptocurrencies serving as a hedge against economic uncertainty in countries facing financial crises.
InQubeta ($QUBE) Impresses in Its Presale Stage
InQubeta’s ($QUBE) strategy revolves around fractional investments through NFTs. Integrating blockchain technology and smart contracts, the platform enables new technology start-ups to raise capital by minting NFTs that can be listed on the InQubeta marketplace and bought by interested investors using $QUBE ERC20 coins. This unique approach eliminates traditional financial barriers for investors, allowing even those with limited capital to participate in the growth of AI projects. It also empowers the start-ups by providing them with an efficient, secure, and transparent fundraising platform that does away with intermediaries such as venture capitalists and banks.
One notable aspect that makes InQubeta ($QUBE) a top crypto to invest in is its tokenomics. This includes a 2% transaction tax directed to a burn wallet, resulting in a decreasing circulating supply and a theoretical price increase over time, making $QUBE an enticing option for investors looking for long-term gains. A 5% sell tax also contributes to a reward pool, offering potential rewards for investors interested in token staking.
$QUBE is more than just a utility token that facilitates transactions on the InQubeta platform. It’s also a powerful governance token, allowing holders to influence the platform’s direction by voting on proposals and submitting their own. This creates a more democratic system that encourages community participation and provides token holders with a sense of ownership, both of which are essential to the success of any decentralized project.
InQubeta ($QUBE) has yet to officially launch, but it’s already generating significant interest. This is evident in its growing community on Twitter and other social media platforms, as well as the success of its token presale, which has seen $QUBE increasing in value by over 125% since the start of the campaign. So far, over $3.4 million has been raised and more than 380 million tokens have been sold. Many experts predict that the altcoin price will rise even further once the platform goes live, which means that now is the perfect time to invest in what numerous investors believe to be one of the top altcoins for 2023 and beyond.
Conclusion
The cryptocurrency landscape presents a diverse array of opportunities and solutions for investors. For many people in Lebanon, for instance, seeking alternative ways to earn income has led them to explore digital assets and search for the best cryptocurrency that has the potential to bring about economic relief. Bitcoin became the first choice for many, resulting in a surge in its adoption. Today, this top ten cryptocurrency has become a lifeline for individuals and businesses struggling with the effects of the national currency’s rapid depreciation.
This shift is the result of Lebanon’s ongoing economic crisis, characterized by soaring inflation rates and strict capital controls. It also highlights the resilience of cryptocurrencies and their global role as a hedge against economic uncertainty, particularly in countries facing financial crises.
On the other hand, those interested in being part of the growing AI sector will find InQubeta ($QUBE) to be a promising investment. The success of its presale is an indication of its high demand and a signal of what the future holds for one of the top DeFi projects in the market today.
*This article was paid for Cryptonomist did not write the article or test the platform.
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