The dynamism and vibrancy of the crypto world are as evident as ever, with Tether and the innovative start-up InQubeta, making substantial strides in their respective spheres. Tether recently reported an impressive Q2 profit of $850 million, while InQubeta, on the other hand, is setting new benchmarks in the conjunction of crypto and AI technology with its successful fund-raising.
InQubeta: A Revolution in AI and Crypto
The future of investing in AI ventures is evolving rapidly, thanks to the innovative efforts of companies like InQubeta. It has created a platform that bridges the gap between investors and AI start-ups, creating a more accessible and democratic investment ecosystem. Using QUBE, InQubeta’s deflationary ERC20 token, investors can make fractional investments in AI start-ups, which democratizes the investment process and offers exciting new opportunities.
InQubeta’s QUBE token has many unique features. It has a 2% buy and sell tax that goes to a burn wallet and a 5% sell tax that contributes to a dedicated reward pool. These taxes create a deflationary environment for the token and an opportunity for holders to earn rewards through staking.
But QUBE’s uses go beyond investment. It also functions as a governance token. As holders of QUBE, investors can propose, discuss, and vote on various aspects related to the platform’s development, operation, and future direction, giving them a say in shaping the company’s path.
In addition, InQubeta is utilizing blockchain technology to ensure transparency and security in the investment process. By leveraging QUBE in the InQubeta NFT marketplace, investors can buy reward and equity-based NFTs associated with AI start-ups, which allows them to participate in the start-ups’ success and benefits.
With over $2 million raised in the presale, InQubeta’s success indicates the potential and promise of its unique approach. Its future plans include the launch of an NFT marketplace, InQubeta Swap, and InQubeta DAO, all of which will further enhance its investment ecosystem.
Tether Continues to Profit
On the other side of the coin, Tether Holdings Limited, the issuer of the USDT stablecoin, has been performing impressively in the financial market. Tether recently announced a Q2 profit of $850 million, bringing its total excess reserves to $3.3 billion. This substantial profit acts as additional capital that can strengthen the company.
The period between April and June 2023 was particularly lucrative for Tether, as operational profits surpassed the $1 billion mark. This represents a 30% increase quarter over quarter, which demonstrates Tether’s financial strength and stability in a volatile market. The figures were confirmed in a report prepared by Binder Dijker Otter, a reputable Belgium-based accounting firm.
Future Outlook
The latest developments in InQubeta and Tether signify continual growth and progress in the crypto landscape. With InQubeta’s novel approach, investing in AI tech start-ups is set to become more accessible, democratic, and rewarding. On the other hand, Tether’s substantial profits underscore the ongoing potential of stablecoins in the industry.
As both these developments highlight, the crypto space is ripe with opportunities for investors and stakeholders. As InQubeta sets new standards in the realm of AI and cryptocurrency, and Tether continues to reap profits, it is clear that the potential for growth and innovation in this industry is vast.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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