The London Stock Exchange recently announced that it would be rolling out a separate marketplace where people could trade crypto-based Exchange Traded Notes (ETNs).
The market will go live on May 28 but its launch will be subject to a green light from the region’s financial watchdog, the Financial Conduct Authority. According to reports, the exchange will start accepting applications for ETNs from April 8 onwards.
The development is being seen as a sign of how global institutions are looking to bridge the gap between traditional and decentralized finance. The move has also spurred hopes of a possible market rally in the future. Crypto enthusiasts feel that one of the tokens that could benefit from a potential rally is InQubeta (QUBE). The Ethereum-based token is a crowdfunding platform for AI startups. Crypto users who invest in these AI projects become owners of a share in the startup’s equity.
The crypto project has been making waves with its presale gains which have crossed $12.9 million. Buoyed by its presale success, InQubeta is surfacing as a competitor for top names like Solana (SOL).
InQubeta: An emerging crypto for AI enthusiasts
InQubeta is a crypto project where people from regular backgrounds can turn into startup investors. The platform tokenises investment proposals into NFTs which are then sold to crypto users.
The funds generated through the NFT sales go to the startups, and the buyers get a share of their equity. These payments can only be made with InQubeta’s native cryptocurrency, the QUBE token.
InQubeta also helps startups expand their businesses by connecting them with mentors and financial experts. The InQubeta community comprises seasoned professionals from multiple fields like AI. They can help young innovators understand the AI industry and its challenges.
The community can also help startups with branding and marketing. If they need help with an online presence for their brand, enterprises can bank on InQubeta’s social media channels to do the job.
The QUBE token has been designed to promote its owners’ interests even when the markets are down. When inflation or volatility keeps assets from performing well, the token’s deflationary mechanism lowers its supply to create scarcity.
The supply gap will push the value of the asset and stoke interest among buyers. As its prices remain stable, the QUBE token can perform well and survive market tides.
If there is a risk of the supply rising, the token burn mechanism eliminates all extra tokens from circulation.
Considered one of the altcoins to watch out for, the QUBE token has a supply of 1.5 billion. Though 65% of the supply is meant to be held by the public, its availability will depend on its deflationary mechanism.
Token holders get the option to stake their assets in exchange for passive income. Staked assets go towards securing the network and promoting the blockchain‘s growth.
The owners will keep earning rewards for as long as they wish to stake their tokens. The InQubeta team has created a separate pool to fund staking rewards.
Mirror World develops a gaming engine for Solana developers
Considered one of the best cryptocurrencies to buy, Solana is an open-source blockchain that powers dApps. Its native token SOL is the official mode of payment within the Solana ecosystem.
The transactions made with the token are always validated with the proof-of-stake protocol.
The blockchain was recently in the news after Web 3.0 platform Mirror World introduced a gaming rollup for Solana.
The rollup was released on March 29 and would help Solana developers to seamlessly deploy gaming engines or virtual machines with MirrorWorld’s tools. The solution leverages the Solana virtual machine, called Sonic.
Conclusion
Solana and InQubeta have been hitting the headlines with their soaring prices and popularity. These coins’ growth potential, power-packed features, and user-friendly frameworks have helped them gain leverage over other top altcoins.
According to analysts, these two tokens can end people’s worries about what cryptos to buy now for a long time.
Experts believe that the recent achievements of these tokens have helped them grow more popular. For Solana, the flurry of meme coins backed by the blockchain coupled with its integration with Mirror World have bolstered its market position.
In InQubeta’s case, its transparent investment model has created a stir in the DeFi community. The impact it’s driving is also reflected in its presale gains. It has been ruling analysts’ best cryptocurrency ICO lists for months now.
