Given the rapid strides that the technology has been making across industries, there’s nothing artificial about the potential and impact of artificial intelligence (AI).
With advantages like greater accuracy, digitization, and elimination of bias, AI has emerged as a pioneering tool that can transform and revolutionize multiple sectors, including cryptocurrencies. If you consider the top crypto coins in today’s market, you will notice many of them are leveraging AI.
InQubeta (QUBE), SingularityNET (AGIX), Fetch.ai (FET), Render (RNDR), and Borroe Finance (ROE) have exemplified the impact that AI can drive while promoting financial independence.
These tokens are good cryptos to buy as they balance utility with versatility and leverage next-generation technology, which is set to widen its net in the coming years.
These tokens could potentially rise and deliver huge returns as they are backed by great utilities and are registering huge interest among whales. On-chain analysts and AI models are frequently suggesting these tokens as the top picks for the new year.
These five cryptocurrencies are even championed by analysts who are impressed by their capabilities. If you want to know more about these cryptocurrencies, check out their key features.
1. InQubeta: Securing the future of AI startups
InQubeta is a far-reaching decentralized platform that enables crypto users to use their resources for the future of AI. As a crowdfunding platform designed exclusively for AI startups, InQubeta helps crypto users shape the course of AI innovation.
The investment opportunities available on the InQubeta site are budget-friendly. Hence, one can be a part of the growth journey of some of the most exciting startups in the world. The platform has rolled out its native cryptocurrency, and it’s called the QUBE token.
The QUBE token is all that a crypto user could wish for and does more than just facilitate payments. It unlocks several opportunities for crypto users that include governance, payment of rewards, and staking.
If you want to explore all that the QUBE token can do, you can purchase it on presale. InQubeta’s presale success has attracted many buyers, and its cryptocurrency ICO has crossed $4.8 million, which is quite an achievement for a cryptocurrency that was rolled out barely a few months ago.
InQubeta allows its token holders to stake these assets and authenticate transactions. The more time for which these tokens are staked, the higher the rewards that the owners will get. The stakers are rewarded from a pool that is funded by tax proceeds.
InQubeta’s deflationary token is among its best features as it promotes long-term returns. Being a deflationary cryptocurrency, the QUBE token’s supply is, at most times, less than the demand.
The scarcity is intentional so that the token price doesn’t change too frequently. To keep the supply limited over time, extra tokens entering the InQubeta ecosystem are burned in the token burn wallet.
In InQubeta’s case, the supply is usually disturbed when too many tokens are bought or sold, as a small tax is levied on all such transactions. Every buyer or seller of the QUBE token pays a small tax that is in terms of the QUBE token.
As tax proceeds rise, they can inflate the supply and impact the price. Hence, the InQubeta team always burns a small portion of the tax proceeds from each transaction. The majority of the proceeds are used for maintaining liquidity, keeping the rewards pool flush with tokens, and funding marketing campaigns.
All important decisions about InQubeta are made by consulting multiple stakeholders, as is done in a decentralized autonomous organizations (DAO) governance structure. As part of this governance structure, any changes that a community member wants to suggest have to undergo a voting process. Token holders participate in this voting process and decide which changes can improve the platform’s capabilities.
InQubeta has impressed its users with a transparent model where AI startups and investors can explore growth opportunities without compromising on their dreams. Startups get funding for their projects, and investors get to back AI-based projects ahead of their market launch.
The only requirement that startups need to fulfill is to come up with an offer for investors. The offer will reward the investor for supplying the finances. These offers are transformed into NFTs through tokenization and are then sold to investors.
The investors can also buy just a part of the startup’s project as these NFTs can be fractionalised.
2. Borroe Finance: A decentralized funding facility for businesses
Developed as a next-generation funding platform, Borroe Finance leverages AI and enables businesses to fast-track their growth journeys by raising cash. They can raise finances by minting NFTs that represent future royalties or earnings. The platform helps them to evaluate risk, provide updates on fundraising, and leverage the benefits of automation.
Enterprises can even explore income streams like retainers, royalties, management fees, and subscriptions. Its native token is ROE, and it is powered by the Polygon blockchain.
Holding the ROE token for the long term provides many benefits, such as discounted fees, a share in governance since it is built on the decentralized autonomous organization (DAO) model, and several incentives and rewards.
In addition, buyers can also gain access to premium features such as advanced analytics and access to priority customer support.
The ROE token is among the new altcoins that can unlock capital for businesses and provide an instant supply of cash. The platform has been built to help businesses scale and is a place where users can find tools for payment with fiat and cryptocurrencies, and make withdrawals.
3. Fetch.ai: AI agents to discover new opportunities
Rated as a top crypto to invest in, Fetch.ai has been designed as a creators’ platform for AI enthusiasts. Using this platform, one can design AI-powered dApps, services, and integrations. It makes AI more accessible by providing datasets for managing various tasks.
The open-source platform has a network of AI agents who can transact and search to perform different tasks. These agents can be paired with different agents and can assist in the creation of new business models.
Fetch.ai also draws inferences from other machine learning-based models so users can monetize insights. These agent services can be accessed in the Agentverse, where AI agents can manage tasks rapidly.
Its native token, FET, is used for all payments on the platform. The token can also create and train digital twins, which are an integral part of oracles and smart contracts. The FET token can also be used by developers to access machine learning-based services.
These services are used for training digital twins and harnessing collective intelligence. FET token activates validation nodes via staking, and by turning node operators, FET token holders confirm if a transaction has been processed.
There are four major elements that comprise Fetch.ai’s core technology that have distinct utility. The first is the Digital Twin Framework, which supplies the components needed to deploy the intelligence needed to connect with digital twins. The second is the Open Economic Framework, which helps with search and discovery functions. The Digital Twin Metropolis is the third element and is a collection of smart contracts that record agreements between the twins. Lastly, the Fetch.ai blockchain supports the deployment of digital twins.
4. SingularityNet: Exploring the monetization of AI services
SingularityNET exemplifies the innovation that AI and blockchain can fuel in the long term. The platform serves as an online marketplace for all kinds of AI services.
The platform makes it easy for developers to create and market AI services while letting their creativity run free. Developers can also test their innovations using the platform’s features.
Its native token is AGIX, and it’s currently one of the best altcoins available in the market. The SingularityNET team has also designed an expressive robot called ‘Sophia’, which aims to develop an AI-based framework that can understand human language.
It’s not just the monetization of AI services that SingularityNet helps people with. Developers can also look for AI specialists to create new tools on the platform’s RFAI or Request for AI vertical.
The portal allows developers to hire AI specialists to create customized solutions and pay them with AGIX tokens.
5. Render Network: GPU rendering services are now just a click away
The Render Network is AI-based and makes rendering services more accessible through its permissionless network without compromising one’s intellectual property rights. It shot to fame as a decentralized service for GPU rendering.
It enables artists to expand their rendering portfolio with GPU nodes promising high performance on a global scale. Its offerings include a blockchain marketplace for GPU computing services.
Its native token is RNDR, and it facilitates the exchange of rendering services on the platform. Rendering artists use this ERC-20 token to buy GPU computing power from node operators. To ensure that all art has been rendered well before payments are made, the token leverages the proof-of-render protocol.
All payments made for rendering services are initially kept in escrow accounts and are unlocked only after the work has been manually verified by the client who commissioned the art.
As all rendered assets are watermarked, the chances of malicious actors cropping up are also minimized.
Conclusion
Given the flurry of tokens in the market over the past few months, it’s natural to be confused about which crypto to buy today for the long term. The good thing is that the above-mentioned five cryptocurrencies are some of the best cryptocurrencies that you will find.
Some of them have proved their mettle with their past performance, while others, like InQubeta, have been garnering attention with their presale success and have even found a mention among the top ICOs of 2023.
You can trust them to fetch you attractive returns over the long term so you can secure your financial future. Many of them are deflationary tokens, which means that your returns are safe even when inflation rates are high. Others sport cutting-edge security frameworks that safeguard both your assets and privacy.
The cryptocurrency market is a dynamic sector where cryptocurrencies may change course depending on market conditions. Hence, it’s advisable that crypto users always research a token before buying it. By doing their due diligence, buyers can spot potential risks and make well-informed decisions.
Visit InQubeta Presale Join BorroeFinance Presale
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.
