Wall Street Games Transitions To Arbitrum Chain, Rising Interest in Quant & New AI Crypto
In Brief
Quant, InQubeta, and Arbitrum were among the best altcoins for 2023 and appear intent on retaining their momentum in 2024 too. These coins have been posting strong growth consistently which has boosted their prospects
As the crypto community continues to cash in on the euphoria over investing in BTC ETFs, the altcoin sector has risen to the occasion with enormous gains. Arbitrum (ARB), a Layer 2 blockchain technology, became one of the top gainers recently after bagging a partnership with Wall Street Games (WSG). By migrating to the Arbitrum network, WSG has introduced multiple new features along with a token system.
Other tokens that have evoked strong discussions about their potential are Quant (QNT) and InQubeta (QUBE). While Quant is an enterprise-grade platform, InQubeta is a DeFi crowdfunding platform for AI projects. InQubeta’s recent gains have been significantly higher than other altcoins due to its cryptocurrency ICO. Its presale funding currently stands at $11.6 million.
InQubeta: The growth strategy that AI startups had been waiting for
InQubeta is a startup-friendly platform where crypto users get to invest in AI projects. In exchange for funding the startup projects, they get to own a small chunk of equity in the enterprise.
The platform has created a native cryptocurrency known as the QUBE token, which is used for payments and investments.
The total number of available QUBE tokens is 1.5 billion, though only 65% of the supply is meant to be sold to the public.
The rest of the supply will be used to pay for legal expenses, developers, and marketing activities, among other overheads. The ERC-20 token can be purchased on presale.
Regarded as one of the top cryptos to invest in, the QUBE token is being seen as a future-forward asset that maintains a balance between its holders’ present and future needs.
While enabling people to invest in new-age projects, its deflationary model ensures that market changes are impacting the asset’s current returns. The model is activated whenever volatility and inflation are rising. Under such circumstances, the token supply is restricted, so people find it difficult to buy it. The scarcity will push up the value of the asset and maintain its demand.
The token burn mechanism is used if there is an increase in supply at such times. With the unwanted tokens out of circulation, the asset value can stay stable even under adverse market conditions.
The QUBE token is also appreciated by analysts because of its efficient staking mechanism which supports generational wealth. With the approval of owners, their tokens are locked to support the blockchain’s growth and secure the network.
The platform rewards such token holders with crypto rewards which are distributed from an exclusive reserve. The rewards pool is replenished regularly with tax proceeds.
Arbitrum network to release 1.1 billion locked ARB tokens
Arbitrum is a Layer 2 technology that is used extensively by developers for scaling Ethereum-based solutions. Its native token ARB is used for all transactions within the Arbitrum ecosystem.
It scored a major victory over new altcoins after Wall Street Games announced that it would be migrating to Arbitrum. The move highlights the Arbitrum network’s potential and flexibility.
The platform has also been in the news following reports that the Arbitrum network would be releasing around 1.1 billion ARB tokens which have been vested till now. As per Token Unlocks, the tokens are valued at over $2.32 million and constitute around 76% of ARB’s circulating supply.
Make starts leveraging Quant’s Overledger feature
Quant is a decentralized platform offering Web 3.0 solutions for business growth. It also offers ready-to-use integrations which can be used for deploying scalable dApps.
Quant is particularly known for Overledger, an API portal that can power a diverse range of applications. The platform’s native token QNT is used for all transactions.
In a major win for Overledger, automation software company Make announced that it would integrate the blockchain-agnostic platform into its network.
The latest strategic move is likely to help individuals and firms to power automated workflows customized to their needs.
Conclusion
Quant, InQubeta, and Arbitrum were among the best altcoins for 2023 and appear intent on retaining their momentum in 2024 too. These coins have been posting strong growth consistently which has boosted their prospects.
These platforms have driven unparalleled impact by simplifying DeFi for different audience groups. If Arbitrum is a developer-friendly blockchain, Quant and InQubeta are helping startups and businesses leverage Web 3.0 for expansion.
What has further helped these tokens is their focus on keeping users’ assets and privacy safe. These coins are built on robust security frameworks that have been approved by leading blockchain audit companies.
Keywords: cryptocurrency ico, top crypto to invest in, new altcoins, best altcoins for 2023, Investing in BTC ETFs, Generational wealth
Disclaimer
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
