HEX founder sued, PULSE Falls as QUBE surge in ongoing presale
The crypto market is in the spotlight due to recent developments. Notably, HEX and PULSE are deep in red following charges filed by the United States Securities and Exchange Commission (SEC) against Richard Schueler, known online as Richard Heart, the founder of both projects.
Allegedly, Schueler engaged in fraudulent activities, raising over a billion dollars in three unregistered securities offerings since 2019.
This decline underscores the inherent volatility of the crypto market, wherein HEX and PULSE face setbacks while another token, QUBE, is bullish and firm.
Pulsechain’s volatility
Richard Heart launched Pulsechain in May 2023. Marketed as an “Ethereum-killer,” Pulsechain aimed to surpass Ethereum in cost, speed, and security.
The project introduced its own DEX called PulseX, resembling Uniswap, enabling users to exchange non-fungible tokens (NFTs) and ERC-20 tokens. Transactions on PulseX result in a small burn to decrease the supply of PLS, the platform’s token.
PLS initially surged to an all-time high of $0.00029951 on launch. However, it has since dropped by 80% and is currently trading at $0.000053636 following SEC’s charges against Heart.
InQubeta’s prominence
InQubeta’s QUBE is edging higher in the ongoing presale. The crowdfunding platform aims to democratize crypto investments by bridging artificial intelligence (AI) and investor accessibility thereby promoting inclusivity across income brackets.
The ongoing presale has raised over $2.1 million, with InQubeta capturing investors’ attention.
As InQubeta prepares to launch its NFT marketplace, decentralized autonomous organization (DAO), and DEX, QUBE will be pivotal.
Exploring QUBE
QUBE is a governance token whose holders participate in discussions, proposals, and voting on platform operations, development, and future direction. Every vote carries equal weight per their holdings.
InQubeta integrates a system where a 2% tax from every transaction contributes to a burning wallet. An additional 5% feeds a reward pool, a mechanism that incentivizes staking.
There is a total supply of 1.5 billion QUBE, and scarcity plays a role in the equation.
Bottom line
The decline of HEX and PULSE could have propped QUBE and InQubeta, a platform investors are bullish on.
InQubeta’s AI investment model can benefit supporters and AI start-ups, a reason why the demand for QUBE is rising in the ongoing presale.
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