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The recent hack of Curve Finance (CRV) once again highlighted the precariousness of the crypto landscape and its susceptibility to hacking. Following the hack of CRV, where millions of dollars were carted away, CRV experienced premium trading on Bithumb and CoinOne. Meanwhile, InQubeta, a blockchain-based crowdfunding platform for AI startups, has drawn significant attention from retail investors.
In this article, we will delve into the Curve Finance ecosystem and explore InQubeta, a project that appeals to investors seeking opportunities in the burgeoning AI market.
InQubeta (QUBE): Attracting retail investors
Amidst the concerns around the broader crypto market, InQubeta continues to gather excitement and momentum within the crypto community. Its novel approach to AI fundraising and investment has been welcomed by the crypto community, evident in the increasing demand for the QUBE token. So far, over $1.9 million has been raised in presales.
InQubeta leverages blockchain technology and converges with AI to create an innovative and pioneering Web3 crowdfunding platform for AI startups. This approach has resulted in a huge influx of investors and adopters hoping to be early as the presale gathers steam. The presale is currently in stage two at a token price of $0.0098, which is expected to soar. According to experts, it will rally by 50x before the close of the year, making it a viable investment opportunity.
InQubeta’s novel and exceptional fundamentals contribute to its appeal and attraction to retail investors. Through the platform, developers can raise funds by tokenizing investment opportunities in their startups, which will be listed on the marketplace. These NFTs will be fractionalized to allow partial investment, thereby making AI investment accessible to all.
Furthermore, the deflationary nature of the token and its staking rewards further contribute to its appeal. The burn tax will remove 2% of all QUBE token sales and 1% of all purchases from circulation, which will be burned. This will create a scarcity effect, thereby propelling the token’s price. Further, QUBE holders can earn passively by staking their tokens for rewards, which will add to the substantial gains that will come from holding the token.
Additionally, to secure investment, the token has been audited by Hacken, and a KYC check has been conducted by Block Audit. With high confidence in the token and project, we suggest taking a look at the project via the link below.
Curve Finance (CRV) suffers a hack as millions of dollars were stolen
Curve is a decentralized exchange for stablecoins launched in 2020 that leverages an automated market maker to manage liquidity. After its launch, it has become one of the top platforms in the decentralized finance (DeFi) ecosystem.
However, on July 30, 2023, a day that initially appeared to be uneventful, Curve Finance (CRV) got hacked. On this unfortunate day, Curve Finance suffered exploits on a number of its stable pools using Vyper, a smart contract programming language. Before discovering its vulnerability, Curve Finance used to be the second-largest decentralized exchange (DEX). However, its Total Value Locked (TVL) plummeted by over 40%. Meanwhile, according to reports, total losses were estimated to be about $40 million. Additionally, the Curve Finance hack affected its utility token, CRV, which can be seen trading downward.
Conclusion
The crypto world had a day to remember for all the wrong reasons following the hack of Curve Finance. Millions of dollars were lost in assets, with the CRV token trading downward. On the other hand, InQubeta continues to gain traction within the crypto community thanks to its unique solution and exceptional fundamentals.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
