Leading crypto exchange Coinbase recently announced that it would be halting trading of five altcoins including Multichain on its exchange. Starting September 7, Multichain would cease to be listed on Coinbase. The exchange stated that its decision was due to the assets failing to meet Coinbase listing standards. At the same time, Coinbase also announced that it would be adding PayPal’s stablecoin PYUSD to its platform. The move has sparked speculation if the newly launched altcoin, InQubeta (QUBE), could be the next token to be listed on Coinbase.
Rated as one of the altcoins to watch out for this year, InQubeta is an Ethereum-based platform where startups working in the field of artificial intelligence can find authentic investment opportunities. The platform sports a robust security framework that has been reviewed by leading blockchain audit companies. Another reason that has contributed to InQubeta’s tremendous growth is its presale success. Currently, in its third presale stage, InQubeta’s ICO has garnered over $2.4 million in funding so far. No wonder, analysts are rushing to include InQubeta in their best cryptocurrency ico lists of 2023.
InQubeta: Setting high expectations right from the presale stage
InQubeta is an innovative platform that bridges the gap between startups and investors. For many startups, the lack of ample funds can stem their growth and cause them to lose out on opportunities. With InQubeta, they can look forward to accessing funding from genuine investors. Investors get to participate in cutting-edge projects that are based on pioneering technologies early on and gain the ‘early-mover’ advantage. Its native cryptocurrency is known as the QUBE token and it comes in handy while making transactions and distributing rewards.
The QUBE token can currently be purchased on presale and it has been making rapid progress with its ico. Those who buy the token will have to wait for its 12-week vesting period to end before they can access their purchase.
InQubeta is a kind of cryptocurrency that will end worries about what cryptos to buy now with its versatile features. Its QUBE token has a deflationary model where the token supply is intentionally kept below the demand to curb price fluctuations and keep the token value stable. If the supply increases beyond a stipulated level, additional tokens are burned to restore balance.
InQubeta has emerged as one of the best cryptocurrencies to buy in the market today because of its transparent model. Startups who want to secure funding for their project first have to decide on what they would offer the investor in exchange for the funding. They can decide on giving the investor a share in the startup’s equity or a reward level. These offers are tokenized, minted into NFTs, and then uploaded on InQubeta’s NFT marketplace. These NFTS can be purchased as a whole as well as in fractions with QUBE tokens.
PYUSD: A multi-faceted stablecoin
PayPal’s stablecoin PYUSG is among the recently launched stablecoins that have created quite a storm in the market with their features. Pegged to the US dollar, it will be backed by US dollar deposits, short-term US treasuries, and other cash equivalents. The PYUSD token can be redeemed 1:1 for dollars and is issued by Paxos Trust Company. The PYUSD token can be used for transferring crypto tokens to other compatible wallets, making purchases, and converting them to a PayPal-supported cryptocurrency and vice-versa, among other uses. The token is powered by Etehreum’s ERC-20 standard.
Multichain shuts down operations
Multichain was developed as a router for Web 3.0 that offers solutions for interconnecting blockchains. Its native cryptocurrency is the MULTI token and by 2023, it had around 26 blockchains in its network. However, the platform announced in July 2023 that it would be shutting down following its founder’s arrest by the Chinese police.
Conclusion
Analysts have been particularly excited about InQubeta due to its growth potential. With a state-of-the-art model, the platform promotes the growth of startups using DeFi solutions. Through the InQubeta platform, cryptocurrency users can look forward to helping startups grow and build a sustained source of income with their AI-based projects. Plus, the platform’s decentralized governance model allows its token holders to act in its best interests and ensure optimal growth. Visit the InQubeta presale site to participate in this new cryptocurrency project.
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