A recent hacking attack on the smart contracts of Stars Arena led to the platform suffering losses worth $2.9 million on October 7, 2023. Stars Arena is a social token platform that is powered by the Avalanche (AVAX) blockchain. Its smart contract was manipulated by hackers to transfer the stolen AVAX tokens. In a social media post, Stars Arena stated that its platform was currently under a Distributed Denial of Service (DDoS) attack. A DDos attack occurs when malicious actors disrupt the operations of a platform by flooding it with traffic.
The hacking attempt has made many crypto users wary of the AVAX token and a major chunk of them are already looking for other top cryptos to invest in. As per analysts, the tokens that are most preferred by AVAX holders include Ripple (XRP), Stellar (XLM), and InQubeta (QUBE). While the crypto market is well-versed with Ripple and Stellar, it’s the rise of the newly launched InQubeta that has taken everybody by surprise.
Built on Ethereum, InQubeta bridges the gap between startups working in the field of artificial intelligence with potential investors, while helping both parties explore mutually beneficial growth opportunities. It has also been in the news because of its cryptocurrency ICO, which has raked in over $3.5 million in presale funding so far.
InQubeta: Helping startups discover new frontiers of growth
InQubeta is a leading decentralized platform for startups to access genuine fundraising opportunities for their AI-based projects. Investors associated with InQubeta can look forward to accessing projects ahead of their market launch and gain an early bird advantage.
The platform has rolled out a native cryptocurrency called the QUBE token which is used for making all kinds of payments within the network. The QUBE token can be purchased on presale at a low price of $0.0133 currently. Hurry and use the bonus offers to accumulate huge volumes of this upcoming new cryptocurrency.
For many analysts, InQubeta is among the best altcoins for 2023 because of its transparent mechanism where startups and investors can connect seamlessly. The startups are required to submit an offer which investors will be eligible for if they choose to fund the project. These offers may comprise a share in the startup’s equity or a reward level. After being tokenized and converted into NFTs, these offers are uploaded on InQubeta’s NFT marketplace where investors can access them. If they agree to a startup’s offer, they can pay for the NFT using their QUBE tokens. These NFTs can be fractionalised, so the investors can either purchase the entire asset or a part of it.
Ripple wins at Pay360 Awards
Ripple is a decentralized platform providing enterprise-grade solutions to businesses and helps them leverage blockchain technology to boost their growth. The platform is powered by the XRP ledger technology and its native cryptocurrency is known as the XRP token. With Ripple, businesses can not only offer lightning-fast transactions but also cut down their capital requirements, explore new sources of revenue, and reach out to new audience groups, among other advantages.
The platform was recently in the news after it was conferred the ‘Best Use of Digital Currencies/Assets Financial Services’ award during the Pay360 Awards. Ripple’s recognition worldwide has resulted in a rise in demand for the XRP token.
Bitstamp to support USDC on the Stellar network
Stellar is one of the cryptocurrencies that has maintained its growth despite the entry of several new altcoins over the past few years. It has been developed as an interconnected network of blockchains where users can seamlessly access payment and tokenization services. Its native token is represented by the symbol XLM.
In a recent development, Stellar announced that Bitstamp would be adding support for the USDC stablecoin on the Stellar network. The move is expected to boost access to low-cost and near-instant transactions. Also, European users can tap into a wide array of dApps and payment services that are powered by the Stellar network. XLM has seen a surge in demand due to increased adoption of the Stellar network.
Conclusion
While Ripple and Stellar have their fair share of USPs, they fail to match InQubeta’s growth potential, according to analysts. InQubeta’s key strength lies in its unique model which not only empowers startups but also helps their investors build a steady source of passive earnings. With these earnings, one can secure their financial future and keep up with evolving technologies. Additionally, features like a deflationary token and a robust security framework have also inspired crypto users’ confidence in the platform. Analysts suggest that InQubeta’s latest ICO has set the pace for what will be eventful market innings in the long term.
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