Crypto exchange FTX might be bankrupt but it continues to spell bad news for Solana. During the ongoing trial of FTX’s former CEO Sam Bankman-Fried, Solana’s name has cropped up more than once.&
It doesn’t help that Bankman-Fried was once a strong supporter of Solana. Following multiple mentions during the trials, Solana’s price has dropped significantly in the recent past.
One of the few saving graces amidst the gloom seems to be the excitement around the presale success of InQubeta (QUBE). The decentralized platform was rolled out just a few months ago and it’s already among the best new ICOs of 2023 after its presale funding crossed $3.6 million recently.&
Powered by the Ethereum network, InQubeta enables startups working in the artificial intelligence (AI) sector to find reliable investors and bring their ideas to life. It also helps investors to access promising projects ahead of their market launch.&
InQubeta: A budget-friendly investment option for crypto users
InQubeta is a next-generation crypto project that can drive impact with a model that combines both AI and DeFi technologies. The platform has the potential to fast-track the growth trajectory of AI startups and drive financial inclusion for crypto users. It has released a native cryptocurrency called the QUBE token which determines all kinds of transactions on the network. QUBE can be purchased on presale and early investors can take advantage of the current bonus offers to accumulate huge volumes.&
QUBE is among the best cryptos you will find in today’s market. It has a decentralized model that tames price fluctuations by keeping the supply scarce. In principle, a deflationary token’s supply is always kept less than its demand, so there are minimal price fluctuations. If the demand falls below the supply, the extra tokens are then destroyed in the burn wallet.&
The top altcoin is powered by a decentralized autonomous organization (DAO) model where all stakeholders are involved in running the platform. If a community member has a suggestion in mind that could boost the capability of the protocol, they can pitch it as a proposal before other community members. The proposal is extensively debated by other community members and then put to a vote. QUBE token holders can play a decisive role by using their special voting privileges and expressing their opinions about the proposal through their vote.
If you are a startup looking to explore InQubeta, the first thing to finalize is an offer for investors. The offer would typically represent a reward level like a share in the company’s equity that the investor would get for investing. These offers are tokenized and turned into NFTs. Next, they are uploaded on InQubeta’s NFT marketplace where investors can evaluate and purchase them. If an investor agrees to a startup’s offer, they can purchase the NFT using their QUBE tokens. As these NFTs can be fractionalised, investors have the freedom of either purchasing the entire asset or a part of it.&
Hurry and participate in the QUBE presale and get a chance to become a startup investor. Early users could potentially generate huge returns as analysts believe that QUBE could rise rapidly once it gets listed on mainstream exchanges.&
Solana price drops after frequent mention in SBF trials
Solana is an open-source platform that offers developers a wide range of cutting-edge tools to build powerful and scalable dApps. Its native token is SOL and it’s the official medium of exchange of the Solana ecosystem. What stands out about Solana is its hybrid consensus protocol that combines proof-of-history and proof-of-stake consensus algorithms. The combination not only improves scalability but also the level of decentralization. At the same time, the hybrid protocol paves the way for shorter processing times and validation times for transactions than other blockchain networks.&
Solana has faced a bearish phase due to frequent mentions during Sam Bankman Fried’s current trial. However, holders are backing Solana and believe it could recover in the long term.
Conclusion
InQubeta is an innovative crypto project that has outperformed many new altcoins with its cutting-edge features. From a utility-centric model to a robust security framework and a deflationary token, InQubeta ticks off all the right boxes. With its wide array of features, it is also an ideal option for anyone looking to diversify their portfolio.&
InQubeta empowers an average crypto user to become a startup investor through its blockchain platform. With opportunities that leverage pioneering technologies like AI, InQubeta enables its holders to create a long-term income source that could secure their financial future. To purchase QUBE token, one can visit the InQubeta Presale.
The post Solana dips amid Bankman-Fried’s trial mentions; eyes on InQubeta presale appeared first on CoinJournal.
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