The financial services industry has undergone a major transformation as pioneering technologies like artificial intelligence (AI) and blockchain pave the way for innovations and greater utility. According to a recent report, AI can potentially drive financial services revenue by 34%.
The collaborative power of AI and blockchain has led to the rollout of a wide array of AI-based top crypto coins in the recent past. Take the example of InQubeta (QUBE). The decentralized platform helps startups working with AI to raise funds for their projects and is proving how AI can drive impactful solutions.
InQubeta has moved from strength to strength to garner global recognition due to its cutting-edge model. Powered by the Ethereum network, InQubeta makes authentic fundraising opportunities more accessible for budding companies while helping potential investors explore future-ready projects. The following list features nine other cryptocurrencies which, like InQubeta, leverage the power of AI and help their users multiply their crypto gains.
1. InQubeta: A deflationary token exploring the potential of AI
InQubeta has been designed as a modern-day fundraising facility that brings startups and potential investors together on the same platform. The key advantage that investors get with InQubeta is that they get to enjoy the early bird advantage by investing in projects even before they hit the markets. InQubeta’s native cryptocurrency, the QUBE token, is used for all transactions on the network. Modeled on the ERC-20 standard, the QUBE token is available on presale for interested buyers.
Its cryptocurrency ico has hit the headlines after it crossed $1.9 million in its second presale stage. The presale process still has seven more phases to go, and the project has rapidly sold over 90% of the QUBE tokens that were meant for this stage of the presale.
All purchased QUBE tokens will have a vesting period of 12 weeks which the team says will help it release tokens in a phased manner. If token holders decide to sell the coins, they would have to pay a tax on it. The tokens collected as tax would be used for funding marketing activities and maintaining the liquidity and rewards pools.
The QUBE token is a deflationary coin and hence protects its users’ returns against market volatility. This is done by controlling the token supply and keeping it scarce at all times. If the token supply exceeds the demand, the extra tokens in circulation are sent to a ‘burn wallet’ where they are burned or destroyed. A limited token supply, in turn, will curb price fluctuations and keep the token value stable.
To start looking for funding opportunities on InQubeta, interested startups would first have to create an NFT that would represent what they would like to give the investors in exchange for funds. The offer might comprise a share in the startup’s equity or a corresponding reward. The NFTs created by startups will be uploaded on the NFT marketplace where investors would be able to evaluate them. If the investors agree to the terms laid down by the startup, they can pay for the NFT with their QUBE tokens. These NFTs can also be fractionalized to allow even small-time investors to invest in startups on InQubeta.
2. The Graph: Unravelling the potential of querying data
The Graph is an indexing protocol and it’s used for querying data like IPFS and Ethereum and deploying various kinds of dApps. Developers can create and deploy open-source APIs, called subgraphs and dApps that can query for retrieving blockchain data. The platform’s native cryptocurrency is GRT.
What stands out about The Graph is that it bridges the gap between the mainstream DeFi market and decentralized public infrastructure. The Graph has a thriving community of delegators, curators, and indexers who are paid in terms of the GRT token for their services. Indexers are paid query fees and indexing rewards, curators get a part of the query fees for subgraphs and delegators get a slice of the income that the Indexer gets.
3. Render Network: Decentralized GPU rendering services just a few clicks away
The Render Network is a blockchain-based platform where one can access GPU-based rendering solutions without any hassles. What makes the Render Network a good crypto to buy is its cost-effectiveness. Its solutions can be accessed at a fraction of the fees that one would have to pay for in-house rendering. The platform also has a native token that functions as the medium of exchange.
The network also empowers artists to scale their GPU rendering network as demand rises and works with high-performance nodes. Unlike proof-of-work protocols where crypto tokens are mined, the Render Network paves the way for more efficient use of GPU power. It unlocks the potential of decentralized GPU rendering and allows artists to create state-of-the-art 3D content with AI-based solutions.
4. Oasis Network: A fuss-free privacy layer for dApps
The Oasis Network offers a privacy layer for Web 3.0 platforms. With Oasis, developers can look forward to adding a confidentiality layer to their dApps, irrespective of the EVM network they might be built on. The Oasis Privacy Layer (OPL) has multi-chain capability and can open new avenues by leveraging confidential smart contracts.
Developers can also use Solidity and their existing EVM infrastructure to deploy dApps and scale them seamlessly. The ROSE token is the native cryptocurrency of the Oasis Network and it’s used for all transactional purposes in the ecosystem.
5. Fetch.ai: Where AI meets automation
Fectch.ai is backed by an innovative software code that leverages artificial intelligence to enable developers to unleash their creativity while building a wide array of decentralized tools. The platform pivots around ‘agents’ which is a technology used to deploy open-source services using automation and AI. These ‘agents’ are designed to learn, predict and execute complex tasks in the real world.
With Fetch.ai, developers can also deploy automated micro-services and connect different agents to explore new business models. The platform’s native coin is FET and it’s used for various transactional purposes. The platform also offers a learning tech stack for those interested in decentralized machine learning. The first module for the purpose is CoLearn which activates privacy-centric machine learning and interference available on the Fetch.ai network. The other module is the soon-to-be-launched Axim which is an enterprise version of CoLearn.
6. AiDoge: A bespoke tool to catalyze meme generation
AiDoge is a trail-blazing platform for generating memes that can catalyze the way crypto memes are generated and shared on social networks. Being among the new altcoins rolled out in 2023, it strives to jazz up the meme coin sector with the power of AI-based solutions. Its native token is AI and it’s used for various transactional purposes on the platform. The token also provides holders access to customized AI tools that AiDoge offers. Token holders will also be eligible for exclusive perks like airdropped rewards and access to meme-generation software, among others.
7. Phala Network: A privacy-preserving cloud computing service
Phala Network is a decentralized platform where one can access privacy-centric cloud services. The open-source platform allows large-scale cloud processing without compromising the security of the network. It’s powered by the TEE-blockchain hybrid architecture which makes it possible to deploy confidential smart contracts. Phala Network has also released a native cryptocurrency that’s called the PHA token.
A notable fact about the Phala Network is that it’s built on Polkadot’s Substrate solution and will be operating as a parachain of the Polkadot network. Being a parachain, the Phala Network can provide computing power to other blockchains while shielding the data layer.
8. Numeraire: Investment strategies leveraging machine learning
Powered by the Ethereum network, Numeraire allows data scientists to test and deploy various machine-learning models. Its native cryptocurrency, the NMR token, is backed by a hedge fund – Numerai. The NMR token is used for several transactional purposes inside the network. What sets Numerai apart from other hedge funds is that it leverages data and predictions provided by tournament participants willing to explore opportunities in the stock market. It is widely featured among the top crypto to invest in as the platform also allows staking opportunities to its holders.
9. SingularityNET: Exploring monetization of AI-based services
SingularityNET is a next-generation platform for creating, sharing, and monetizing AI-based services through a dedicated marketplace. At the SingularityNET marketplace, AI developers can assess and buy a wide range of AI services. All transactions take place in terms of the platform’s native coin, the AGIX token. Built on the Ethereum network, SingularityNET leverages the proof-of-work consensus protocol for securing its network.
10. Injective: The one-stop-shop for building DeFi tools
An open-source Layer 1 blockchain, Injective provides developers with a collection of cutting-edge tools for deploying prediction markets, dApps, lending protocols, and decentralized exchanges, among other DeFi infrastructures. The network is built on CosmWasm which is an interoperable smart contracts platform with interchain capabilities.
Injective has been built with a customized SDK of Cosmos and its choice of consensus mechanism is the proof-of-work protocol. The combination enables Injective to process transactions at lightning-fast speed. The platform’s native cryptocurrency is the INJ token.
Conclusion
The above-mentioned 10 cryptocurrencies have proved their mettle in the market and are currently surging ahead with great promise. By capitalizing on the power of AI, they are well-positioned to drive growth for their users’ portfolios. However, things change when you are thinking about which crypto to buy today for the long term. When analyzed from the point of view of growth potential, not all 10 crypto tokens fare the same.
If you ask analysts, most of them are likely to recommend InQubeta because of its industry-linked use case. On one hand, the platform solves an industry-specific challenge, and on the other, it helps seed investors score promising opportunities – InQubeta has something for everyone. Factors like a decentralized governance structure and a robust security framework are added benefits that make InQubeta a dependable crypto project.
Crypto users are always advised to research or read up about a token before buying it. By doing their share of research, crypto users can identify potential risks associated with cryptocurrencies and make well-informed decisions.
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