Cryptocurrency markets are ablaze with recent developments: Ethereum witnessed a staggering $28M worth of ETH (12,104) being burned on December 6, a phenomenon stemming from the revolutionary EIP-1159 upgrade. Simultaneously, the crypto sphere is buzzing with anticipation around InQubeta (QUBE), an AI crypto ICO garnering attention for its unique approach to crowdfunding and potential for substantial returns. Let’s delve into these two significant events shaping the beginner cryptocurrency landscape.
Ethereum’s EIP-1159 Upgrade: Burning Bright
On December 6, the crypto community witnessed a substantial burn event, with 12,104.92 Ether – valued at $28,248,160 – being sent into oblivion. This burning process is an outcome of Ethereum’s EIP-1159 upgrade implemented on August 5, 2021, and it’s reshaping the dynamics of this top ten cryptocurrency.
The upgrade brought a seismic shift to Ethereum’s fee model, introducing a variable base fee in subsequently burned transactions, permanently reducing the supply of Ether. This move aligns with Ethereum’s trajectory towards becoming a deflationary currency, especially as the issuance rate drops in anticipation of Ethereum 2.0.
Ether’s net annualized issuance rate on December 6th – the day of the massive token burn – was an intriguing 15.94%. This means that more ETH tokens were burned than created, and Ethereum is burning bright on the path to change.
Growing Hype for InQubeta (QUBE)
Shifting gears from Ethereum’s fiery fate, let’s dive into the rising star of the crypto scene – InQubeta (QUBE). This AI-driven crypto for beginners is causing quite a stir with its groundbreaking approach to crowdfunding for startups.
InQubeta tackles the age-old issue of startup funding by introducing a crowdfunding platform that allows investors to participate easily. What makes its approach different is the use of the coolest NFTs. These represent fractional investments in AI tech startups, offering a unique utility in the crypto landscape.
InQubeta’s revolutionary approach involves minting each investment opportunity as an NFT, fractionalizing it, and creating a flexible and budget-friendly investment journey for QUBE holders. This unique method turns heads, attracting crypto whales and everyday investors alike.
The QUBE token – the native currency of InQubeta – isn’t your run-of-the-mill cryptocurrency. It’s a governance token, allowing users to actively participate in shaping the platform’s growth and operations. With a deflationary model featuring a 2% tax for buying and selling (sent to a burn wallet) and a 5% tax feeding into a reward pool, the QUBE token offers more than just value – it offers a chance to earn by staking tokens.
The presale is currently in Stage 6, with QUBE tokens priced at $0.01925. The project has already raised over $6.7 million, with over 630 million tokens in the hands of early investors. The next stage, featuring a token price of 0.0224, is looming. So, the question is: are you in or out before the next increase of this top ICO?
Conclusion
The recent burning of more than $28 million in ETH (amounting to 12,104 coins) underscores the evolving dynamics within the cryptocurrency space. As Ethereum undergoes significant changes with the implementation of EIP-1159, the burn mechanism is reshaping the landscape by reducing the circulating supply of ETH and potentially transitioning it into a deflationary currency.
Simultaneously, amidst the broader crypto landscape, a palpable surge of excitement surrounds a revolutionary AI altcoin. With growing hype and recognition, InQubeta (QUBE) is positioning itself as a formidable player in the market. As the project progresses through its presale stages, attracting substantial investment and fostering a community of early adopters, InQubeta emerges as a beacon of innovation.
For those looking to participate in the transformative journey of a groundbreaking AI-focused crypto ICO, the time is ripe to explore InQubeta. Visit the project’s website, delve into the burgeoning ecosystem, and consider becoming part of the vibrant InQubeta Twitter community.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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