Be it impressive returns, cost-effectiveness, or a hassle-free trading experience, cryptocurrencies serve as a dependable option to ramp up your portfolio and achieve your investment goals. The added benefit is the wide array of options available to the average crypto user. You can choose a crypto project that leverages the best of blockchain technology and has potential.
In 2023, analysts have claimed that there are many options available in the current market that can potentially grow by 50x over the next few months. Take the example of InQubeta (QUBE) which is an Ethereum-powered platform where startups working with artificial intelligence can score authentic fundraising opportunities.
Investors who participate in these startups get a chance to explore investment opportunities, before they hit the market. Hence, InQubeta is a powerhouse of features that can cater to the needs of both startups as well potential investors. The following list features four other tokens which, like InQubeta, are being touted as the altcoins to watch out for in 2023.
1. InQubeta: Topping 2023’s list of best new icos
InQubeta is a new and upcoming platform that’s surprisingly very accessible and utility-driven. By addressing a structural challenge that has been plaguing the startup industry for years, InQubeta has emerged as a future-forward platform where both budding companies and investors can explore mutually beneficial opportunities. It’s backed by Ethereum’s efficiency and its smart contracts have been vetted by some of the world’s leading security firms. The platform has developed a native token called QUBE that’s built on the ERC-20 standard and is used for all transactional use cases on the network.
You might be surprised to know that even though it’s been just a few months since its launch, InQubeta has already found a spot in leading analysts’ best cryptocurrency ico lists for 2023 due to its stellar presale growth. The token’s presale process is in its second stage and it has already sold over 65% of coins that were allocated for the presale. You can buy a QUBE token for 0.0098 USDT.
When you purchase the token you won’t be able to access them immediately as the platform has a 12-week vesting period. According to the InQubeta team, a lock-in period allows it to phase the release of tokens into the market which creates a conducive investment environment.
Any time a token holder decides to sell the QUBE token they would have to pay a 10% tax. The tokens paid as tax proceeds are utilized for financing marketing activities, maintaining the treasury, and ensuring that liquidity and rewards pools are flush with funds.
A small portion of these tokens are also burned or destroyed as the QUBE token is a deflationary coin. A deflationary cryptocurrency is one whose supply is always controlled to keep the supply scarce. A limited supply will in turn minimize price fluctuations and keep the token value stable. The token supply is controlled by destroying all extra tokens. In the InQubeta ecosystem, these extra tokens are sent to a ‘burn wallet’ where they are destroyed.
Another important use of the QUBE token is that it is used for implementing InQubeta’s decentralized governance structure. Under the decentralized governance model, all stakeholders are encouraged to participate in the decision-making process and important changes to the protocol are implemented after putting them up for a vote. QUBE token holders are eligible for voting rights which they can use for voting for proposals seeking such changes.
Before startups onboard InQubeta, they would first have to decide on what they’d like to offer the investors in exchange for the funding. Their offer could include equity in the company or a corresponding reward. This reward would be represented by an NFT which would be later uploaded on InQubeta’s NFT marketplace. In this marketplace, potential investors can go through startups’ offers and evaluate them. If they are convinced, they can pay for the NFTs with their QUBE tokens.
One can also stake QUBE tokens on InQubeta and earn rewards in exchange. The staked tokens will be used for supporting the growth and development of the InQubeta ecosystem.
2. DigiToads: The best way to learn cryptocurrency trading for beginners
DigiToads is the one platform that’s for everyone, irrespective of how experienced they are with cryptocurrencies. What stands out about this Ethereum-based cryptocurrency is its hybrid DeFi model which has been designed by amalgamating the features of three cryptocurrencies – a meme coin, a Web 3.0 game, and a staking portal. So, you can stake NFTs, trade tokens, win tokens in play-to-earn games, participate in trading competitions, and do much more without switching platforms. The simplest and easiest way to explore all these opportunities is to acquire DigiToads’ native cryptocurrency – the TOADS token.
A feature of DigiToads that’s proving to be hard to ignore for most people is its play-to-earn game. The game is set in a Metaverse swamp and players face each other in a challenging setting. Players have to make it to the top 25% of the scorers of a season to be rewarded with TOADS tokens. If they feel the need for reinforcements during the game, they can trade or buy a special breed of digital creatures called DigiToads. These creatures are known to have special powers and supreme strength. You can boost your chances of winning the game by buying food, potions, and training equipment for these digital creatures.
In the near future, DigiToads will be launching official merchandise for its fans. The tokens collected from the sale of these items will be donated to charitable organizations that are working for the conservation of the environment.
3. Polygon: Taking Ethereum’s efficiency to the next level
Polygon is a next-generation decentralized platform where you can find a wide array of tools for scaling Ethereum-compatible dApps and virtual machines. Its native token is MATIC and it comes in handy for any transactional purpose one might encounter on the Polygon network. Polygon derives its efficiency from the zero-knowledge technology that powers its protocol and facilitates the seamless transfer of value.
One of the most popular offerings among top altcoins, Polygon PoS can support a range of decentralized applications and offers EVM compatibility. The result is high-speed transactions and almost zero gas fees. Then there are Subnets which are for deploying app-specific blockchains. Developers can look forward to building app-specific blockchain networks while leveraging leading technologies. Any discussion on Polygon would be incomplete without a mention of Polygon ID which is used for deploying decentralized identities. Developers can facilitate seamless communication between dApps and users while using privacy-centric features.
4. Solana: Working magic with the hybrid consensus protocol
Solana is known for its high-end functionality and as an open-source platform where developers can explore a range of permissionless Defi solutions. It was officially rolled out in 2020 and is maintained by the Geneva-headquartered Solana Foundation. Its native cryptocurrency is SOL which is used for a wide range of transactional purposes on the network.
What stands out about Solana is that it combines the proof-of-history consensus algorithm with the proof-of-stake mechanism to boost the scalability of dApps. Its hybrid consensus mechanism equips it with the right tools to cater to the requirements of both institutional traders as well as small-time ones. At the same time, Solana Foundation is constantly striving towards making DeFi solutions accessible to the masses. The hybrid protocol also offers the advantage of short processing times and lower validation time for transactions as well as for executing smart contracts.
With a network of 1,812 nodes, Solana is well-secured. These nodes validate transactions and operate independently while ensuring that users’ data remains secure. What’s more, its operations have net zero carbon impact. With its proof-of-stake mechanism, Solana minimizes its carbon footprint. Each transaction processed on the Solana network consumes as much energy as a few searches on Google.
5. Cardano: Unraveling the potential of Ouroboros protocol
Cardano is one of the best cryptocurrencies to buy in today’s market purely because of its cutting-edge technology that can power scalable and secure dApps without costing a bomb. The key USP of Cardano is the Ouroboros protocol which was modeled on peer-reviewed research and developed using evidence-based methods. Its native token is ADA and it’s the primary cryptocurrency of the network. It uses the proof-of-stake mechanism for its consensus algorithm.
A key reason why many developers seem to prefer Cardano is because of its unparalleled security. It provides a robust security framework against cyber threats like Sybil attacks and bad actors. On the Cardano network, every transaction and interaction is immutably recovered. These transactions are validated with features like an extended UTXO model and multi-signature authentication. The open-source decentralized platform has a policy of incentivized participation. One can earn on the Cardano network by operating either as a stake delegator or as a staking pool operator.
Another feature that has been driving Cardano’s popularity is its scalability. By combining a range of approaches like side chains, parallel processing of transactions, and multi-ledgers, Cardano strikes the perfect balance between sustainability and performance.
Conclusion
If you were bogged down with confusion over what cryptos to buy now, the above-mentioned cryptocurrencies are all good options. They represent some of the brightest innovations in the decentralized finance ecosystem and have utility-dense models which can boost your crypto portfolio by diversifying it.
However, if you are looking for a token that can fetch you long-term returns, most analysts would suggest that you consider InQubeta. The platform has an industry-linked use case that promotes the growth of one of the dynamic sectors – AI startups. Plus, there are options like staking to earn passive income. It’s clear to see why so many analysts have been raving about InQubeta and its growth potential.
Having said that, crypto users should always take time out to research a token before buying it. By reading or researching a token before making a purchase, crypto users can make more informed decisions as they will be well-versed in the potential risks associated with a project.
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