The SEC v. Ripple court case that rose from an allegation by the U.S. Securities and Exchange Commission (SEC) has yet to see an end. While investors and enthusiasts wonder how the outcome will affect the cryptocurrency industry as a whole, InQubeta is defying the market trend in its presale.
Causing a Ripple
In 2020, the U.S. SEC alleged that Ripple (XRP) raised more than $1.3 billion in 2013 by selling the XRP token in an unregistered security offering to investors.
On July 13, 2023, the court’s judgment decided that XRP (and other cryptocurrencies) is and is not a security. Apparently, it is not a security offering when sold to the public on an exchange but a security contract when sold to institutional investors.
The partial victory for XRP birthed the possibility of an appeal by the SEC, and this made the confusing judgment uncomfortable. The new appeal by the SEC might clear out the confusion and lead to more regulatory directives for cryptocurrencies.
According to a recent court filing, the U.S. SEC will file what it called an interlocutory review of a judge’s ruling on Ripple’s programmatic sales of XRP. The filing noted that Ripple has to respond by a week, which is August 16.
The SEC’s new filing needs approval from the US SDNY for appeal and the court of appeals. After these, it would need permission from the US Court of Appeals for the Second Circuit.
It isn’t yet clear how the appeal will go, but it comes with possible stricter regulations in the cryptocurrency space.
Despite the uncertainties the news of the appeal brings, InQubeta’s presale is another astounding news story grabbing attention in the crypto world.
InQubeta breaking records
InQubeta, the world’s first crypto crowdfunding platform for investing in AI startups via QUBE token, has raised $2.2 million in its presale. Relatively new on the scene, the innovation and potential it offers apparently attract investors, leading to its successful presale stage.
Serving as a bridge between potential investors and the progressive world of AI startups, InQubeta uses $QUBE in its novel approach to crowdfunding. With its fractional investment model, InQubeta creates a platform that fosters a symbiotic relationship between investors and startups.
InQubeta is also changing the view of NFTs, increasing their versatility and making them more than mere digital tokens of ownership. In its cutting-edge NFT marketplace, AI startups get to crowdfund by minting investment opportunities as NFTs.
These tokens will be listed on the marketplace as fractional bits of AI investments so that investors of different tiers can have stakes in the different qualified startups and earn rewards. NFTs acquired with QUBE on the platform come with the potential for equity and other benefits.
InQubeta’s redefinition of crowdfunding gives QUBE an evidently promising future. Because the token is built on real-world utility, it is experiencing huge demand, which has informed the ongoing presale.
A broader audience can invest in the burgeoning AI industry through the QUBE token and not miss out on potential rewards. The token’s deflationary properties present a profitable future for its holders and other rewards like staking.
When investors stake $QUBE, they can earn rewards from the 5% sell tax, which goes to a dedicated reward pool. This way, community members simultaneously earn token rewards while supporting the growth of AI startups.
The token is also designed to be a governance token, empowering holders to participate in decision-making activities and processes on the platform. This would promote active participation from the token holders, help shape the platform’s future, and even direct its growth.
By creating its unique investment ecosystem, InQubeta offers growing rewards as it finds even more ways to expand its relevance and makes headway into multi-chain paths.
InQubeta is currently in the third stage of the presale phase and has sold almost a third of a quarter of its tokens.
To further vouch for its success, it recently announced that it crossed the 5000th vote milestone on its ICO website. This reveals the attention the token is currently garnering.
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