Jupiter (JUP), a recently launched swap and decentralized finance (DeFi) aggregator platform on the Solana (SOL) blockchain, has witnessed an over 70% price clash barely 24 hours after its JUP token airdrop to early adopters.
Meanwhile, the ongoing Borroe Finance (ROE) presale continues to gain momentum, with nearly $3 million raised so far, as InQubeta (QUBE) another AI project that enables fractional investments in AI startups gets set to hit the $9m mark in its presale.
Jupiter (JUP) Token Dumps
Airdrops remain one of the fastest ways to amass a huge fortune in the fledgling Web3 space. However, these rewards are often accompanied by serious price volatility, as some ‘whales’ (large investors) often dump their tokens on the market shortly after receiving them, to quickly recoup their investment.
In the latest scenario, Jupiter (JUP), a Solana-powered DeFi swap and aggregator project has seen the price of its native JUP token crash by more than 70% after its airdrop event. At press time, JUP is exchanging hands for $0.5639, and its market cap that once hovered around the $1 billion area has now fallen to $769,296,947.
Whether the price of JUP will regain the bullish momentum that sent it above the $1 mark shortly after the airdrop remains to be seen.
InQubeta (QUBE) Fractionlizing AI Investments
According to Statista, the global artificial intelligence (AI) market is forecasted to surpass $305 billion in 2024 and will exhibit a compound annual growth rate of 15.83% to hit $738. 80 billion by 2030.
Indeed, the AI industry holds huge promise for market participants, as the innovative technology is now making inroads into virtually all parts of the global economy and InQubeta (QUBE), a new blockchain-based AI platform, is looking to lower the “barrier to entry” for all, especially investors without deep pockets.
According to its whitepaper, InQubeta (QUBE) claims to be on a mission to bring to life a transparent and well-democratized investment platform that fosters the growth and success of AI-based projects in the Web3 space.
At the forefront of the InQubeta (QUBE) ecosystem is its crypto-based crowdfunding platform designed to make it possible for anyone to purchase fractional NFTs representing investments in AI startups in its ecosystem.
InQubeta’s QUBE token, a deflationary Ethereum ERC-20 cryptocurrency the sole medium of exchange in its ecosystem. As traditional finance funding methods remain off-limits to blockchain startups due to the lengthy paperwork and other complexities often involved, InQubeta aims to give these projects a lifeline with its fundraising solution powered by AI, NFTs and smart contracts.
So far, the InQubeta project has raised nearly $9 million in its ongoing public presale. At the current Stage 7, each QUBE token is exchanging hands for $0.0224. The supported cryptoassets for purchasing QUBE include BTC, USDT, BNB, card payments and more.
Borroe Finance (ROE) Giving AI Startups a Lifeline
Borroe Finance (ROE) is another project looking to make life easier for AI startups in the blockchain arena when it comes to raising funds for their project growth and expansion.
According to its whitepaper, Borroe Finance is focused on providing a better fundraising system for AI startups.
Borroe Finance leverages innovative technologies including blockchain, AI, NFTs and smart contracts to create an invoice-discounting marketplace that enables creators and Web3 startups to raise funds without much hassle.
Led by veterans in the world of finance and Web3, including Michael Price and Maxim Prishchepo, Borroe Finance makes it possible for AI startups within its ecosystem to mint their future recurring revenue streams as NFTs.
These NFTs are then offered to investors at discounted rates in the Borroe Finance NFT marketplace, thereby providing quick funding for projects. The project has successfully completed its smart contract audit conducted by BlockAudit, with a compliance certificate issued.
The Borroe Finance presale is live now, with the project already raising more than $2.7 million. The public presale is now in its fourth stage, with ROE exchanging hands for $0.019 at press time.
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