Shiba Inu Upgrades Burning Process in Shibarium; Under-The-Radar AI Altcoin Prepares for Sharp Rise
In Brief
Shiba Inu is making headlines for manual token burns, while InQubeta is garnering attention for its AI startup support services.
The ever-popular meme coin Shiba Inu (SHIB) hit the headlines after its team announced that all token burns for Shibarium transactions would be conducted manually. The manual process would continue until the next upgrade, which is expected to make the network more secure and transparent.
Analysts suggest that the upgrade can likely boost Shiba Inu’s prospects and suggest that crypto users monitor its movement closely.
Another altcoin that has market analysts’ attention is InQubeta (QUBE). The platform helps startups find investors for AI projects and scale their businesses using its support services.
It has already been named 2023’s best new ICO, and experts have praised its unique use cases. InQubeta’s presale funding currently stands at $8.2 million.
InQubeta: Guiding AI startups to robust growth
InQubeta is a platform created for AI startups to help them create a sustainable business model. With InQubeta, companies can connect with startups, interact with industry experts to learn from their experience, and even boost their brand equity.
The platform’s key features include a transparent NFT marketplace which allows fractional investment. The assets traded at the portal are tokenized versions of offers submitted by startups. These offers are for the benefit of the investors and have details about how they gain by investing in a project.
To buy these NFTs, an investor will have to use the QUBE tokens, which is the official cryptocurrency of the InQubeta network.
The QUBE token has several strengths that represent the far-reaching impact of DeFi. It comes with a deflationary mechanism where the token supply is restricted during inflation to promote competitive prices. By holding this top altcoin, crypto users can keep earning optimally even if market conditions are not ideal.
QUBE is a top crypto to invest in, especially if you’re an enterprise, as it helps entrepreneurs with business development as well. There is a wide array of services available on InQubeta that can guide startups while dealing with business challenges. By putting innovators in touch with experts from multiple fields, it enables them to learn from the latter’s rich experience.
One of the key services that can help startups grow is mentorship or guidance. With InQubeta’s support, startups can interact with AI experts and learn all about how to deal with business challenges.
Using the platform’s legal and accounting support, entrepreneurs can ensure that they don’t fall prey to a legal tangle or a financial loophole. Lastly, if a startup wants to amp up its brand equity, it can leverage InQubeta’s marketing services. They can expand their network through interactions with industry veterans that InQubeta has on board.
Startups can put the word on the street about what’s special about their brand by tapping into InQubeta’s social media channels.
Shiba Inu lead developer unveils plan to transform digital identity
Shiba Inu is a leading meme coin that’s inspired by a dog breed found in Japan. The platform has rolled out three tokens, and they are used for distinct purposes. While SHIB is the native and utility token, BONE is for governance, and LEASH is to reward the participation of community members.
It’s one of the best cryptos you will find as it has a utility-driven model, and its team is continuously working on innovations. One of the most talked about products created by the team is Shibarium which is a Layer 2 Ethereum blockchain currently in beta stage.
The Shiba Inu team recently stated that the SHIB token burns for Shibarium transactions are being conducted manually. The team stated that the total tokens burned will be updated after the necessary upgrades are implemented.
In another development, Shiba Inu’s lead developer Shytoshi Kusama has announced a plan to catalyze digital identity through the “.shib” top-level domains (TLDs). These TLDs will create an identity layer that’s integrated within the SHIB ecosystem and make transactions safer.
Conclusion
A bullish New Year means that analysts are on the lookout for this year’s top altcoins. Many experts have been hailing InQubeta and Shiba Inu as top altcoins that have the potential to drive global impact.
The two tokens use decentralized operations and governance models which helps them to update their protocols as technology advances.
The unique utilities of these tokens are another reason why analysts keep recommending them. Using their cutting-edge security, these tokens ensure your assets don’t fall into the wrong hands.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.About The Author
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.
