By Grayscale’s Bitcoin Fund Operations Get Set for ETF Launch; Toncoin and InQubeta Gear Up for Significant Gains
Last updated: December 4, 2023 04:26 EST
. 3 min read
Grayscale, which manages the Grayscale Bitcoin Trust (GBTC), was in the news after it updated its trust agreement for the first time since 2018. According to reports, the move is to optimize the GBTC fund and reportedly upgrade it as a spot Bitcoin exchange-traded fund (ETF).
Apart from the Grayscale ETF news, two other cryptocurrencies that have been hitting the headlines are InQubeta (QUBE) and Toncoin (TON). According to market trends, these top crypto coins are poised for growth in the coming months.
InQubeta is a platform for startups looking for backers for their artificial intelligence-based projects. With its unique model, InQubeta paves the way for financial independence for its patrons as well as startups.
It has been in the news due to its ICO and the huge excitement among crypto users looking to buy the cryptocurrency. Its current presale funding stands at $5.6 million and is rising fast.
InQubeta: Helping AI startups scale
Starting on shoestring budgets and limited resources, startups have a way of doing the best with what they have. Through InQubeta, they can strike lack of funding off their list of worries and concentrate on building powerful AI solutions.
Built on the Ethereum network, InQubeta is a powerful tool for driving financial inclusion for AI startups and their investors. Its native cryptocurrency is the QUBE token which is used for settling transactions on the platform.
The token also comes in handy for streamlining the governance structure and meeting expenses on the platform.
QUBE is a good crypto to buy irrespective of one’s investment goals due to its market-friendly structure. The token has a deflationary structure where internal inflation is controlled by burning extra tokens in circulation.
A scarce supply maintains a competitive price and boosts the demand even in times of inflation or market volatility. One of the most common instances leading to an increase in supply is when tax proceeds are high.
The platform charges a nominal tax on the sale or purchase of QUBE tokens. A marginal part of these proceeds are burned immediately to control the supply while the remainder goes towards maintaining the platform.
The lack of confusing formalities and a seamless user experience are among the key USPs of InQubeta’s model. Startups and investors can connect via offer-based NFTs. These offers stand for what a startup’s project is all about and how they can benefit the investors.
Once submitted, these offers are tokenized and made available as NFTs on an online portal. At the portal, investors can go through the proposed offers of startups and make a choice.
A great thing about these NFTs is that they can be split into smaller assets to make startup investments accessible to even budget-conscious investors.
Toncoin blockchain ropes in Animoca Brands as a validator
Toncoin is a decentralized platform that allows developers to easily create cutting-edge tools using a tech stack designed by the team behind Telegram. All payments on the platform are made in terms of its native cryptocurrency, TON.
Frequently featured among the best crypto investments of the year, Toncoin makes Web 3.0 more accessible through products like TON Storage, TON Blockchain, and TON Sites. The TON Blockchain comprises the foundation of the platform’s underlying infrastructure.
The TON ecosystem is known for being interoperable and offering highly scalable tools. The TON DNS is a domain name service for smart contracts and validator nodes. The names assigned by the TON DNS are human-readable.
The platform uses a proof-of-stake consensus protocol where transactions are confirmed by roping in token holders as validators. Token holders join nominator pools to secure the network and authenticate transactions.
Marking a strategic move with global implications, TON blockchain recently announced that it has enlisted GameFi platform Animoca Brands as a validator. Incidentally, the gaming giant also happens to be the blockchain’s largest validator. Animoca Brands has been behind several successful GameFi platforms like The Sandbox.
Conclusion
InQubeta and Toncoin are among the best altcoins to buy now in the market as they offer unparalleled security and the additional benefit of diversification.
Their diverse features make these two tokens a good choice for the long term. These cryptocurrencies have been driving results for users by leveraging leading technologies like AI and blockchain.
Many analysts expect them to gain more ground over the next few months as a bull rally driven by the ETF mania seems just around the corner.
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Disclaimer: The text above is a press release that is not part of Cryptonews.com editorial content.
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