FTX Lawsuit and Drama driving investors to Community Driven Projects Like InQubeta

Lawsuits filed against collapsed cryptocurrency exchange FTX and several celebrities that promoted their services, like Tom Brady, have driven investors toward transparent, community-facing projects like InQubeta (QUBE). 

It's one of the many factors that have led to InQubeta's presale success with tokens delegated for its beta stage selling out before the period's end. Investors standing to 4x their investment is another factor driving them to QUBE. 

The InQubeta platform links artificial intelligence startups with investors, skirting the barriers many mainstream investment companies have like net worth requirements most people can't meet. Such barriers often prevent people from cashing in on technological breakthroughs as was the case with the internet's development. A $1,000 investment in Netflix in 2002 would be worth over $500,000 today. Thanks to InQubeta, anyone with a crypto wallet can now invest in AI startups that might end up being as successful as companies that rode the internet revolution have been. 

InQubeta's transparent network and link to AI driving presale numbers

Investors have been extremely bullish toward the artificial intelligence industry in the past decade as the technology improves. Many ideas that were once deemed scientifically impossible, like vehicles with self-driving capabilities, are already being sold, while futuristic concepts like humanoid robots that perform manual labor tasks are already being developed. 

AI is poised to revolutionize the world, and it has the potential to be the most transformative technology breakthrough in human history. AI will allow humans to automate most repetitive tasks, freeing people up for more fulfilling tasks.

The increased viability of artificial intelligence has led to an increase in investments thrown at the industry since 2015, going from $12.75 billion to $119 billion in 2022. Investments in AI are projected to exceed $1.5 trillion by 2030. A portion of these funds will be poured into AI-driven cryptocurrencies like InQubeta. 

Nvidia recently surpassed a trillion-dollar market capitalization after announcing the demand for AI chips had increased by over 50%. The news sent its stock prices skyrocketing, surpassing the trillion-dollar mark despite starting 2023 with less than a $300 billion market cap. It's proof of how eager mainstream investors are to attach themselves to companies that push innovations in the space so they can enjoy exponential profits in the future. 

How it works

The InQubeta platform is hosted on the Ethereum (ETH) blockchain and enjoys its security and flexibility. Startups raise capital by developing equity-based non-fungible tokens (NFTs) that are listed on the marketplace once approved by the InQubeta team. 

Investors can browse the NFTs of the different companies listed on the marketplace and purchase tokens of startups they find interesting. They become part-owners, while startups get capital. Marketplace transactions on InQubeta's network are done with $QUBE tokens. 

Purchasing the NFTs of AI startups isn't the only way investors can make profits on the platform. $QUBE tokens have deflationary procedures that facilitate price growth like a 2% burn tax on all marketplace transactions, making holding a profitable strategy. Tokens collected from the tax are permanently removed from the total supply, driving prices upward. 

As is the case with many other cryptocurrencies, investors can also earn more tokens by staking their holdings to help run the platform. Rewards are sent regularly from a dedicated pool. 

FTX drama is one of the factors driving bearish crypto markets 

The collapse of a major exchange always leaves investors feeling bearish as they lose confidence in the cryptocurrency space. FTX's collapse has been one of the worst, given how many popular celebrities like Shaquille O'Neal, Tom Brady, and Trevor Lawrence promoted its services. However, markets always recover from these events, so FTX's legal issues likely won't have any long-term effects. 

Summary

The collapse of the FTX exchange and the many lawsuits that have been flying around the crypto space have scared off some investors, driving prices downward. However, investors remain bullish on projects like InQubeta that provide real-world solutions by bringing AI startups and investors together.