Ethereum Burning Billions of ETH, is QUBE The Bona Fide Leader of Crypto AI?
Deflationary tokens are gradually becoming a thing in the crypto space thanks to their perks, which include pushing up the value of tokens. Meanwhile, the crypto world has been captivated by Ethereum’s recent burn of billions of its native currency, ETH. This strategic move aims at reducing the overall supply of Ethereum tokens, thereby having a potential impact on its value. Amidst this, a strong contender in the form of QUBE has risen, gaining attention as a potential leader in the field of crypto-AI.
In this article, we will delve into Ethereum’s strategic move of burning substantial parts of its token supply and InQubeta’s (QUBE) convergence between crypto and AI.
InQubeta (QUBE): The potential bona fide leader of crypto AI
InQubeta, along with its utility token, QUBE, has emerged as a potential game-changer in the crypto landscape, particularly in the crypto-AI niche. The project, which aims to disrupt the AI industry, has been met with enthusiasm across the borders of crypto and AI, making its adoption imminent.
Standing at the intersection of AI and blockchain is InQubeta, which aims to become the first Web3 crowdfunding platform for AI startups. Through its innovative idea, AI-based startups will have a fresh liquidity pool for fundraising, which will be accessible only via its utility token, QUBE. Moreover, enthusiasts will be able to invest in profitable AI startups and projects through the platform and the QUBE token. In other words, QUBE will open doors to AI investment and fundraising, thereby making it a potential bona fide leader in crypto AI.
Several factors contribute to QUBE’s increasing appeal and recognition in the crypto-AI sphere, which we will highlight below.
First, InQubeta and its utility token, QUBE, will solve a pain point in the AI industry, thereby giving it real-world utility. As a result, the platform will experience immense adoption and, with its token, a surge in demand. Therefore, the QUBE token has the potential to skyrocket in the future. According to experts’ projections, it will soar by 4,000% before the end of the year.
Second, it is a deflationary token. This means that it will benefit from scarcity as portions of its supply are permanently removed from circulation. Hence, it is a viable long-term investment, in addition to the short-term gains that will come from holding it.
Lastly, the tokens can be staked on the platform to earn staking rewards. This will be passive income for QUBE holders. In addition, it will give voting rights to holders because it is a governance token.
The QUBE token presale is ongoing at $0.0112 per token. Investors can participate in it by following the link below to become early investors in the potential bona fide leader of crypto AI.
Ethereum (ETH): Token burn a strategic maneuver
Ethereum is the second-largest cryptocurrency by market cap and is widely regarded as the hub of DeFi. On August 5, 2021, a historic event occurred in Ethereum as it underwent an important upgrade: the London upgrade. As a part of the upgrade, the Ethereum Improvement Proposal (EIP) 1559 was implemented. This upgrade introduced the concept of a burning mechanism, which has since seen a substantial amount of Ethereum burned.
The concept of burning “ETH” will effectively remove tokens from circulation. They will be sent to an unspendable address, rendering them inaccessible forever. The rationale behind this strategic move by Ethereum is to reduce the total token supply and create scarcity, thereby influencing the token’s value.
Conclusion
Ethereum’s strategic burning of its native tokens is aimed at reducing supply, thereby making it viable for long-term investments. At the same time, InQubeta aims to make a name for itself in the crypto-AI space through its innovative concepts. As an AI fundraising and investment token, QUBE has the utility to become the leader of crypto AI, making the coming months interesting.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
