XRP and BNB are the two largest cryptocurrencies in terms of overall market cap, but both have experienced significant price declines in recent years and months.
The reasons for these price drops can be attributed to a combination of market factors, which we will briefly highlight below…
For example, in the case of XRP, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs (the company behind XRP), alleging that the token was an unregistered security.
Such high level legal battles have created uncertainty in the XRP market and led to a significant overall price drop for the project. Additionally, several crypto exchanges suspended trading of XRP following the lawsuit, such as Coinbase, which further exacerbated the price decline by disconcerting investors.
Similarly, Binance, the company behind BNB, has faced regulatory action in several countries, causing concern among investors. For example, in May 2021, the Financial Conduct Authority (FCA) in the UK issued a warning against Binance, saying the company was not authorized to operate in the country. This regulatory uncertainty led to a massive drop in the price of BNB – and there has been no shortage of similar headlines since this event.
In fact, in the same month of the same year, Italian securities regulator CONSOB blocked access to Binance’s website in Italy, alleging that the exchange provided unauthorized investment services.
One of the worst headlines related to BNB was when the Malaysian Securities Commission announced that Binance was operating illegally in the country and had 14 days to cease operations. The announcement followed the commission finding that Binance was allegedly operating an unlicensed digital asset exchange, and had facilitated money laundering and other illegal activities.
why the incubata is different
Incubita offers a one-of-a-kind NFT marketplace that is essential to the investment process for AI start-ups. Here’s a quick overview of how it works and why investors love it so much…
First, AI start-ups generate NFTs that provide various rewards and/or equity in their company. These NFTs are created to provide value and incentive to investors, making them an attractive investment opportunity.
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Once NFTs are created, they are listed on Incubata’s NFT marketplace where potential investors can browse, evaluate and select NFTs to invest in. Investors interested in buying NFTs use the $QBE token, which streamlines the investment process and makes it secure and efficient with the help of blockchain technology and smart contracts.
Then, when investors buy NFTs, start-ups receive the funding they need to fuel their growth and innovation. Additionally, they benefit from the support of a strong community of $QUBE token holders who have a vested interest in their success – not to mention the high visibility and discoverability of their token to the public.
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NFT holders are entitled to rewards and/or equity associated with the NFTs they purchase, such as profit-sharing, exclusive access to products or services, or other benefits related to the success of the AI start-up.
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In summary, InQubeta’s NFT marketplace connects AI start-ups with potential investors through the use of NFTs and the $QUBE token, creating a mutually beneficial environment that provides investors with unique and valuable opportunities for AI technology startups. -Supports the growth and success of startups.
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