Velar, the Bitcoin (BTC) liquidity protocol, recently revealed its new automated market maker (AMM) named Dharma which is designed to improve liquidity on decentralized finance applications on the Bitcoin network.
The first version of Dharma will be deployed on the Bitcoin layer 1 solution Stacks (STX), which enables the deployment of smart contracts and decentralized finance solutions on the Bitcoin blockchain. This inaugural version of Dharma will come with some decentralized exchange features, like allowing users to swap tokens directly on the blockchain.
Emerging crypto InQubeta (QUBE) recently passed its $10 million funding goal, and its presale has now raised $12.2 million. It’s one of the top new DeFi projects and plans to make investments in artificial intelligence (AI) more reachable.
Top ICO InQubeta (QUBE) could end up raising more than Ethereum (ETH) did during its presale
InQubeta’s blockchain was created on the Ethereum network, which allows it to inherit its functionality. That’s what InQubeta’s developers plan to use to create an investment medium that offers easy access to AI investments.
Ethereum’s ICO raised about $18.3 million and InQubeta could end up raising more than that before its presale ends given how fast investments have poured into it in the past couple of weeks. This puts InQubeta in the same company as some of the most popular cryptocurrencies ever launched.
InQubeta capitalizing on the capabilities of blockchain technology to make AI investments easier to access positions it for substantial growth, given that over $1.5 trillion is expected to flow into artificial intelligence in the next several years.
Here’s how InQubeta’s investment ecosystem brings investors and AI startups together:
- AI startups gain access to InQubeta’s investment space after passing an initial assessment
- These companies tokenize investment opportunities into non-fungible ERC20 coins
- Investors can gain equity and other rewards from these companies by using QUBE to purchase fractions of these non-fungible tokens (NFTs)
- Investors can hold on to any NFTs bought for as long as they wish or resell them on the marketplace whenever they choose
Investors can also invest in InQubeta by buying and holding QUBE long-term. Long-term holders can earn more QUBE by staking and they get to be part of the project’s governance. QUBE is now sold for $0.028 in its presale’s ninth stage, but tokens could be worth more than $2 by the end of the year when tokens are released on exchanges.
AI is on course to transform the world and InQubeta now makes it easier than it has ever been to own a piece of the companies pushing the innovation.
Bitcoin DeFi finance space shaping up
Velar’s core team launching its new Dharma AMM is positive news for the Bitcoin community as another massive step towards making the Bitcoin network a popular destination for decentralized finance.
The project’s CEO Mithil Thakore explained how monumental Dharma’s launch was during an interview with Bitcoin.com, pointing out how it allows users to leverage the power of their assets in a non-custodial environment.
Some analysts in the cryptocurrency space believe Bitcoin expanding its decentralized finance capabilities is one of the key factors that could help prices rise to the million dollar mark by 2030.
BTC’s price has pulled back considerably after setting an all-time high (ATH) on March 15, but its bull cycle likely isn’t over given the halving event due in less than a month.
Summary
QUBE and BTC are two top cryptos to invest in right now given their prices have lots of room to grow in 2024. QUBE has more growth potential thanks to the easy access to AI investments it plans to provide and the $1.5 trillion set to enter the artificial intelligence industry.
