Lido DAO Confronted with Investor’s Collective Lawsuit; Chainlink and InQubeta on the Verge of Significant Moves
In Brief
Lido DAO faces a lawsuit, Chainlink and InQubeta (QUBE) shine as top 2023 crypto investments, with InQubeta impressing analysts with a $7.5 million presale for AI-led project funding.
Leading liquid staking protocol Lido DAO (LDO) is currently in the news for all the wrong reasons. The crypto project is facing a lawsuit by a former token holder who has alleged that its native cryptocurrency is an unregistered security.
Andrew Samuels has alleged that the Lido DAO is responsible for the losses he sustained because of the token’s price dip.
What balanced things out in the crypto market was the steady growth of two popular tokens – Chainlink (LINK) and InQubeta (QUBE). These two coins have emerged as the best crypto investments of 2023 by consistently moving ahead.
InQubeta helps startups find investors for artificial intelligence-led projects. It has impressed analysts with its unique model and its presale funding currently stands at $7.5 million.
InQubeta: Raising the bar for DeFi solutions
InQubeta has been created to remove the barriers in crowdfunding that startups usually face. With a decentralized structure, it’s a more transparent option for fundraising than other alternatives. Both startups and their investors get what they want with minimal formalities.
The platform’s native cryptocurrency is known as the QUBE token and serves as the official medium of exchange of the InQubeta network. The token ensures that all payments are settled quickly.
It’s one of the best altcoins to buy now as you can stake it to bolster the platform’s growth while earning passive income. These rewards are financed through tax collections.
The native cryptocurrency’s total supply is fixed at 1.5 billion but the InQubeta team plans to sell only 65% of it. The remaining tokens have been set aside to meet the operational expenses of the platform.
Investors get to interact with startups through an NFT marketplace. At the portal, startup offers for investors are minted as tokenized assets. These offers reflect the rewards the investors can get by funding an AI startup’s project.
The NFTs can be fractionalized into smaller assets, so even budget-conscious investors can participate. All NFTs or their fractions can be bought only with QUBE tokens.
The important decisions related to the InQubeta protocol are made by taking the community members into confidence. A proposal for a change is floated among the community and is then voted on. In the voting process, token holders use their voting rights to decide if the suggested change should be implemented.
Chainlink to explore tokenization of RWAs
Chainlink is a Web 3.0 services platform where developers can access tools to build dApps with practical use cases. It is a good crypto to buy because of its robust security mechanism that is supported by an Oracle network.
Developers can take advantage of in-depth tutorials, documentation, and workshops offered by Chainklink to unleash their full potential.
What has impressed experts most is the reliability and data accuracy of the network. Chainlink’s key offerings include a cross-chain communication interoperability protocol (CCIP) which can be used for building dApps, communication, and token transfers on multiple networks. Its native token is LINK.
In a recent development, the Chainlink team announced a slew of strategic initiatives that it will unveil as part of its Q4 product update. These initiatives will make blockchain-powered solutions more accessible for traditional finance. Soon, Chainlink will be supporting the tokenization of real-world assets.
Lido DAO faces lawsuit over ‘unregistered security’ charge
Lido DAO is a decentralized platform where crypto users can stake tokens across different networks. It currently supports staking across Ethereum, Solana, and Polygon. To protect its users’ assets, the platform leverages a cutting-edge security framework that has been vetted by top-notch blockchain audit firms.
It uses a decentralized autonomous organizations model to add new staking parameters to its network. Crypto users can participate in the platform’s growth by becoming node operators. These operators can reduce risks to protocol and boost its performance. All payments on Lido DAO are settled with the LDO token.
Lido DAO has been in the news due to a class action lawsuit but loyal holders are still confident about the long-term prospects of the popular staking network.
Conclusion
Aided by technological innovations, top crypto coins like InQubeta, Chainlink, and LIDO are now catering to varied investor groups. They demystify the world of decentralized finance and offer new growth opportunities to their patrons.
With their strong growth, the three cryptocurrencies have demonstrated their potential to drive long-term impact. They are helping people navigate through the crypto-verse without hassles with their user-friendly models.
Disclaimer
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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.
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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.
