Polygon releases update, MATIC unmoved as investors explore alternatives
Polygon’s recent Dragon Fruit update has not impacted MATIC prices as developers might have expected. MATIC is Polygon’s native utility token. Amid this, Ethereum-based blockchain projects like InQubeta are actively being explored.
InQubeta takes on the inefficiency and inaccessibility of traditional investment avenues by creating a secure and transparent alternative. It aims to open up investments in artificial intelligence (AI), facilitating the industry’s growth while looking to provide investment opportunities for users.
In the present system, numerous mainstream investment options employ discriminatory practices that restrict access to their services, primarily benefiting only the world’s highest earners.
While MATIC prices haven’t grown much lately, 2023 has been a good year for the Ethereum scaling solution as it makes major waves in the mainstream. TIME Magazine recognized the project as one of the 100 most influential companies worldwide.
JPMorgan made waves when it launched its first Bitcoin live trade-off protocol. Polygon is considered one of the Ethereum-based projects with potential, much like InQubeta.
InQubeta is firm
InQubeta is establishing itself as the leader of the AI-focused crypto class. Its presale has raised over $2.5 million, and investors who participated expect even more gains by the close of the crowdfunding campaign.
Supporters also have a bullish outlook on QUBE, InQubeta’s native token, once it lists on crypto exchanges.
QUBE’s total supply is capped at 1.5 billion, and a burning mechanism will gradually reduce supply. This approach could, over time, support prices since QUBE will, once the project launches, be used to buy equity in vetted AI startups. The more projects raise funds on InQubeta, the higher the demand for QUBE.
Investment in AI surged from $12 billion to $120 billion between 2015 and 2022. Anticipations for AI are even greater in the upcoming years, with investments expected to exceed $1.5 trillion by 2030. As such, InQubeta’s goal is to connect startups with investors worldwide.
A different approach to investing
Anyone with a crypto wallet can join AI startups on the InQubeta network by acquiring equity-based ERC-20 tokens. These tokens act as substitutes for stocks on InQubeta and serve similar purposes. For instance, certain non-fungible tokens (NFTs) offer profit-sharing to investors, much like dividends from stocks.
AI startups raise funds on InQubeta by creating and listing ERC-20 tokens. Investors can acquire these tokens from the blockchain’s marketplace using QUBE, thereby obtaining partial ownership of these companies. All transactions are secure and automated through smart contracts and NFTs, ensuring trustless operations.
QUBE can also be staked for rewards that are sent out regularly. At the same time, QUBE holders participate in governance.
Polygon update fails to support MATIC prices
Polygon grew in early 2023, but prices have remained subdued in the past months. The recent market crash hasn’t helped things either.
The Dragon Fruit update improves the security and reliability of the network but has failed to ignite investor demand.
Summary
InQubeta is being explored by investors amid its ongoing presale. The project aims to shape investment in AI, a reason that’s attracting interest. Supporters expect even more growth once the project launches.
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