With decentralization being one of the core values of Web 3.0, the decentralized finance (DeFi) sector has been at the forefront of the crypto market. Decentralized exchanges, such as Uniswap and PancakeSwap, play a critical role in token trading. However, in recent developments, there has been a stall in interest around Uniswap and PancakeSwap. In contrast, InQubeta has become the talk of the crypto community as it exceeds $1.8 million in presales.
This article will explore the stalling interest in PancakeSwap and Uniswap, as well as the rising interest in InQubeta and its presale success.
InQubeta (QUBE): Successful presale sees over $1.8 million raised
InQubeta has seen a rise in its influence after its presale funds recently exceeded $1.8 million. As the talk of the crypto community, several factors have contributed to its growing popularity and presale success, which significantly center around its fundamentals—a blend of AI and blockchain technology.
InQubeta aims to revolutionize AI startup fundraising, which has been met with enthusiasm in the AI and crypto landscapes. It intends to be the first Web3 crowdfunding platform for AI startups and an investment platform for emerging AI startups. InQubeta’s NFT marketplace allows AI startups to raise funds by minting investment opportunities in their projects. The minted NFTs can be purchased by investors and enthusiasts, which will give them stakes in promising AI startups.
Through InQubeta, investors will be able to invest fractionally in AI startups through its fractionalized NFTs. Fractional NFTs will give democratized access to AI investments, meaning investors can easily invest based on their budget and reap the rewards. As a result, InQubeta will be a unique ecosystem that benefits both AI startups and investors.
In addition, InQubeta further appeals to the crypto community because of its deflationary supply. There will be a burn tax on all QUBE transactions, including 2% of token sales and 1% of purchases, which will be removed from circulation and burned. The significance of this is that there will be a scarcity effect, which will help increase its price.
The presale is in stage 2 at a token price of $0.0098. Based on analysts’ predictions, InQubeta will grow by 20x before the year’s end. To participate in the presale, follow the link below.
Uniswap (UNI): Competition causes a stall in interest
Uniswap is a popular decentralized trading protocol and one of the most widely used in the crypto market. Uniswap’s role in facilitating the automated trading of tokens is crucial in the decentralized finance (DeFi) ecosystem. The user-friendly interface of Uniswap and its wide range of supported tokens make it a popular go-to decentralized exchange (DEX) for many users.
However, the Ethereum-based DEX has been experiencing a stall in interest amid competition from emerging decentralized exchanges and also from centralized exchanges. This has resulted in a slowdown in trading volume and user activity.
PancakeSwap (CAKE): Decreasing interest results in decline
PancakeSwap is a decentralized finance (DeFi) application that allows the exchange of tokens and provides liquidity via farming. PancakeSwap is built on the Binance Smart Chain and has gained considerable popularity for its low fees and fast transactions. Additionally, PancakeSwap is a top 100 token by market cap, which proves its influence.
PancakeSwap has also seen a stall in interest, which has resulted in its decline. Since its all-time high in 2021, PancakeSwap has plummeted by over 95%. The declining interest in PancakeSwap is due to the increasing competition from emerging DEXs as well as the expanding influence of centralized exchanges.
Conclusion
Amidst the waning interest in Uniswap and PancakeSwap, InQubeta is forging ahead by recording milestones. By raising over $1.8 million so far in just its second presale stage, InQubeta is one of the most successful ongoing presales in the crypto market. Its strong fundamentals and strong community have contributed immensely to its soaring popularity.
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