The cryptocurrency market is a victim of price volatility. Even major players like Bitcoin experience a dramatic surge and fall in their prices over a short period of time. The volatile nature of cryptocurrencies acts as a major roadblock against their massive adoption as a medium of exchange. People are hesitant to deal in a currency that has the probability of either doubling over a short span or falling to cents withholding hardly any value.
Terra Labs emerged with a solution to address the issue of price volatility through an elastic monetary and efficient fiscal policy. It is a public blockchain protocol catering to the creation of stablecoins. UST is its stablecoin which is backed by its native cryptocurrency, LUNA. The idea attracted several investors and developers leading to its immense success in its early stages. Terra (LUNA) was regularly featured in the list of top cryptocurrencies until the crash last year. However, the cryptocurrency network is on its way to recovery with the Terra 2.0 chain gaining back the trust and confidence of its community.
Meanwhile, InQubeta (QUBE), a newly launched cryptocurrency has gathered immense traction from the crypto community. The QUBE token is a deflationary asset. This Ethereum-powered network is the world’s first cryptocurrency fund-raising platform for AI-driven start-ups. Utilizing two of the most trending technologies, blockchain and Artificial intelligence (AI), InQubeta is set to re-standardize the investment outlook.
The remarkable presale performance of the QUBE token has won the hearts of many, ranking QUBE as a good cryptocurrency to buy today for long-term gain. Investors and Crypto enthusiasts can choose to be the first few to explore the offerings of InQubeta by participating in the presale.
InQubeta: Leveraging AI and Blockchain to become the top Cryptocurrency coin of 2023
The world of Artificial Intelligence (AI) technology is an evolving space and the team at InQubeta has rightly identified its potential for innovation and growth. At the forefront of this innovation are the AI-driven start-ups bringing breakthrough technologies into the world from machine learning to robotics. What hinders their development is the investment process, especially for those lacking the resources and contacts of traditional Silicon Valley investors.
InQubeta’s solution comes as a relief to these AI start-ups. The Ethereum-powered platform allows the world of AI start-ups to meet potential investors, bridging the gap. Leveraging the power of blockchain and AI, InQubeta aims to create an accessible and democratic investment process where investors can indulge in fractional investments and reap the benefits. InQubeta is a pioneer cryptocurrency crowdfunding platform with transparency and security at the heart of its innovation.
Fueling the ecosystem is the QUBE token, InQubeta’s native cryptocurrency. QUBE is an ERC-20 deflationary currency offering several opportunities to cryptocurrency investors and enthusiasts. It is a deflationary asset: the number of QUBE tokens in circulation reduces with time, resulting in a surge in its value with increasing demand. The tokens are removed from circulation through a specific burn event. During token burning a desired number of tokens are moved into a wallet from which they cannot be retrieved.
A thought-provoking question would be, how does this marketplace function? As we already know, InQubeta’s platform is a marketplace for AI driven-startups and potential investors. These start-ups looking for investment are allowed to create and list NFTs in the platform representing numerous rewards and/or equity options in their company. The idea is to present lucrative offerings to potential investors. Investors have the option to browse through the platform to compare and evaluate the NFTs listed. Once they pick the NFTs they would like to invest in, they can use the QUBE tokens to buy them. Once the investors purchase the NFTs, investment flows to the corresponding start-up pumping their growth and development.
The marketplace is a mutually beneficial ecosystem, where the start-up receives the funds to drive their project and the investors reap benefits through profit-sharing, exclusive access to the company’s products or services, and equity associated with the company. QUBE token holders can passively draw income from the reward pool by staking their tokens. Remember, the reward pool never runs out of funds as 5% proceeds from every transaction goes into it. The remaining 2% buy and sell tax is burned, limiting the supply of the token.
The QUBE token also acts as a governance token giving special rights to its holders over InQubeta’s protocol. The token holder can propose ideas, encourage community discussion, vote on the proposals, and implement the approved proposal.
Backed with all these utilities, it comes as no surprise why InQubeta has been gaining such immense traction in the cryptocurrency market. The security firms conducting audits on their smart contracts are filled with positive feedback. Similarly, crypto analysts globally believe in the future of this project and term it the top cryptocurrency to invest in.
This new altcoin also amassed immense attention through its remarkable resale performance. In its third presale stage of ten, the project has already raised over $2.2 million. 78% of the QUBE tokens have already been sold for this stage, and the current price is $0.0112 per token.
Looking to be a part of InQubeta’s journey of redefining the AI investment landscape? Visit their presale to enjoy the advantages of early adopter before the cryptocurrency ICO and reap the long-term rewards of your investment.
Terra’s recovery after the historic LUNA crash in 2022
Terra is an open-source blockchain platform for several decentralized applications and top-tier developer tools. There are several benefits of price-stable cryptocurrencies but its success largely depends on the scale of adoption. Terra is both price-stable and growth driven. Most cryptocurrencies like Bitcoin are subjected to wide price fluctuations. This acts as a major hindrance when it comes to its global adoption as a medium of exchange. People refrain from wanting to pay in a currency that has the potential to double in a few days but also decline at the same rate and pace, especially from time-taking transactions.
The Terra protocol addresses these issues with the idea that a cryptocurrency with an elastic monetary policy would maintain a stable price. However, price stability is not the only factor contributing to its global adoption. It should also possess strong network effects for it is unlikely for users to adopt a currency that is not accepted by the merchants. Similarly, the merchants would refrain from investing in such currencies unless there is a significant demand from the customers. Terra bases its belief on the fact that an elastic monetary policy can achieve price stability while an efficient fiscal policy can drive its massive adoption.
Terra caters to the creation of stablecoins, with LUNA as its native cryptocurrency. LUNA is used for carrying out transactions and paying gas fees on the Terra platform. Also, as Terra utilizes the proof-of-stake (PoS) consensus mechanism, the LUNA holders can stake their tokens to receive rewards from the network. The holder also controls the governance of Terra protocol, which entitles them to the right to vote and propose changes within the network.
The stablecoin in the Terra network is known as UST. A stablecoin is any cryptocurrency which is backed and remains pegged to a currency or other financial instrument. UST is an algorithm stablecoin and is backed by cryptocurrency assets. The algorithm is designed to maintain its value of 1 UST to $1. If the price of UST surges above $1, the algorithm automatically mines LUNA to maintain its value to $1, and if the price falls the tokens are burned following the simple principles of demand and supply.
LUNA witnessed a glorious past ranking as a top cryptocurrency before the historic LUNA crash in 2022. As a result of a large sell-off, the value of UST fell to $0.91. This led to a massive purchase of LUNA using UST because even if the value of UST was below $1 it could be redeemed to $1 worth of LUNA tokens. However, simultaneously the entire cryptocurrency market was also experiencing a decline which led to LUNA crashing.
The market capitalization of LUNA rapidly dropped and caused severe problems as the UST was algorithmically linked to LUNA. Since UST could no longer be redeemed as LUNA, it got de-pegged. The community lost confidence and started selling all their holdings to the open market. The value of LUNA was dramatically reduced to a few cents.
After the crash the platform proposed forking the Terra chain, renaming the collapsed chain as Terra Classic with the token as LUNC, and the new token was renamed as Terra (LUNA). The new chain will eventually join the main chain. The new Terra chain that emerged from the Terra classic will continue without the UST stablecoin.
According to a recent tweet, Do Kwon the founder of Terra expressed confidence in the Terra 2.0 chain to support and provide a recovery route to its community. To further build the trust back, LUNA tokens will be airdropped to Terra Classic holders, staker, and app developers. OPNX, the pioneer among exchanges for trading crypto spots and derivatives, also expressed their intentions of airdropping meme coins to the holders of Terra (LUNA) and Terra Classic (LUNC).
Conclusion
Tales of volatility and crashes are common in the world of cryptocurrencies. Only a few projects reach the heights of success with their innovative utilities while others witness a humbling defeat after a certain period of time. The classic LUNA crash in 2022 is one such example of a cryptocurrency once leading the market reduced to cents in no time.
LUNA had secured the position of one of the ten largest crypto coins in the market after its launch. It soon saw a drastic decline with investors selling off their holdings in the open market after the crash. Incidents like this lead to investors actively hunting for a project worth their investment. They are well aware of the uncertainty in the market but seek long-term benefits through their investments.
InQubeta has been designed as a project with the potential to supercharge investor portfolios in the long term. Uniquely positioned as the first cryptocurrency crowdfunding platform, it has gained immense traction in the market. The platform addresses the concerns of AI start-ups looking for investment and investors wishing to venture into technological sectors. The new altcoin QUBE is backed with several utilities and is the top pick of many investors and traders due to its potential to redefine the AI investment process.
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