For many crypto users, an ERC-20 token is a sign of reliability and high potential for growth. ERC-20, which is a standard developed for cryptocurrencies by the Ethereum network, is trusted worldwide due to its high level of standardization, cost-effectiveness, global reach, flexibility, and robust security. If you look at the current market, many of the top-performing names like InQubeta (QUBE), Toncoin, and Synthetix are ERC-20 tokens. All 3 tokens could potentially provide handsome gains in September 2023.
While Toncoin and Synthetix have been around for some time, InQubeta is among the new altcoins that have been attracting investors with their cutting-edge features. The decentralized platform enables startups working with artificial intelligence to score funding opportunities and bring their ideas to life. Its cryptocurrency ICO is another reason why people are rushing to get their hands on the token. In just four presale stages, the crypto project has managed to raise over $3 million in funding.
What’s collectively driving the popularity of these three tokens are their long-term prospects and growth potential. Analysts who have reviewed InQubeta, Synthetix, and Toncoin feel that the tokens have the potential to outperform Bitcoin and top its growth by 5x. Let’s have a look at what’s driving the hype around these ERC-20 tokens.
1. InQubeta: Boosting startups’ talent with DeFi solutions
InQubeta is one of the top cryptos to invest in this year as it combines the best of DeFi technology in a utility-focused crypto project. The decentralized platform has been garnering a lot of praise for its state-of-the-art model that ensures that both startups as well as investors get what they are promised. While startups get to fast-track their growth with the necessary funding, investors get to invest in promising projects ahead of their market launch. What sweetens the deal is that these projects leverage the dynamic technology of artificial intelligence.
The platform’s native cryptocurrency is the QUBE token, and it’s used for all transactional purposes on the network. This latest ICO has posted impressive gains during the presale stages and analysts feel that it has the potential to outperform many top coins in the long term. InQubeta’s presale process still has six more phases to go and it has already sold 72% of the tokens allocated for this stage of the presale. Analysts feel that the QUBE token has the potential to mimic Bitcoin’s growth and register 5X returns in the long term.
The QUBE token also plays an important role in implementing InQubeta’s decentralized autonomous organizations (DAO) governance model where stakeholders participate in decision-making. If a community member has a suggestion in mind that they feel could improve the scope of the InQubeta protocol, they pitch it as a proposal before other members. The proposal is extensively discussed to evaluate its merits and is later put to a vote. All QUBE token holders are given voting rights to vote for such proposals.
To become a part of the InQubeta network, startups have to come up with an offer for the investors that the latter would receive in exchange for funding a project. The offers are converted into NFTs with tokenization and then uploaded on InQubeta’s NFT marketplace. Here, investors can evaluate and assess all offers and projects. If they agree to the terms laid down by a startup, they can pay for the NFT using their QUBE tokens. These NFTs can be bought either as a whole or in small fractions.
2. Toncoin: The ERC-20 token everybody is talking about
Toncoin is a Layer 1 blockchain that offers lightning-fast and secure crypto payment services. Its native token is TON and it’s the official cryptocurrency of the Toncoin ecosystem. The blockchain leverages the proof-of-stake consensus protocol for securing its network and validating all transactions.
Toncoin’s key USP is that it uses sharding to offer fast transactions. In sharding, several subnets or shards process the transactions simultaneously which avoids the piling up of unverified blocks. Toncoin has emerged as a favorite of many experts and could surpass mainstream cryptos like Bitcoin to register 5X returns in the long term.
3. Synthetix’s Infinex to draw more DeFi users: Kain Warwick
Developed as a liquidity provisioning protocol, Synthetix has carved a niche for itself due to its cost-effectiveness. The platform serves as a ready-to-use protocol that can be leveraged for multiple applications. Its native token is SNX and it’s the primary cryptocurrency of the Synthetix ecosystem.
The derivatives protocol has been hitting the headlines with its upcoming DEX Infinex. In a recent media interview, Synthetix founder Kain Warwick stated that the upcoming project is a perpetual futures exchange that would facilitate trades on Optimism. Warwick also feels that the platform would enable Synthetix to have more users. Synthetix is another project that has the potential to grow by 5X, and its long-term sustainable growth is often compared with Bitcoin, the pioneering cryptocurrency.
Conclusion
Synthetix, Toncoin, and InQubeta are among the best altcoins for 2023 that are ideal for diversifying your portfolio. All 3 ERC-20 tokens could potentially register huge returns as they are backed by innovative use cases and have managed to build a loyal community of supporters.
However, InQubeta has leverage over the other two tokens because of its growth potential. With its next-generation model, InQubeta enables crypto users to support startups to grow while securing their financial future. The QUBE token can be accumulated in huge volumes at very attractive prices during the presale.
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