Artificial Intelligence (AI) has been making waves across sectors, and the cryptocurrency sector is no exception. Promising benefits like better security and higher decentralization, AI has raised the bar for innovation in the DeFi sector.
A look at the market shows that many of 2024’s top crypto coins are AI-based tokens. These cryptocurrencies target a myriad of user groups, from regular crypto users to artists and innovators.
Given the market hype around AI, analysts believe that some of these tokens are very likely to move into bullish territory shortly.
If you are interested in knowing more about AI tokens, just read along for a brief introduction about their best features.
1.InQubeta: A top altcoin with the AI edge
InQubeta has been a game changer for the AI-led crypto space as it gives regular people a chance to explore the benefits of the technology and DeFi. Designed to be a crowdfunding platform for AI projects launched by startups, the platform has made it big with a novel idea that’s backed by a transparent model.
The choice of Ethereum as a blockchain network to support the platform has already won praise from DeFi experts. InQubeta was among the leading analysts’ recommended presales for the year before its ICO closed after raising over $13.6 million.
What has drawn many crypto users to the platform is its simplicity. Forget formalities and boardroom meetings, the platform facilitates fundraising for startups through an NFT marketplace where each NFT represents equity or rewards in an AI project.
Crypto users peruse through the projects, compare them, and then purchase an NFT using InQubeta’s official cryptocurrency, the QUBE token. Using the fractional investment option, people can divide their investments between different projects.
After the NFT sale is finalized, the startups receive the funds, and the buyer receives a share in the firm’s equity. As crypto users watch their investments grow, startups can leverage InQubeta’s business development services to scale ahead.
Powered by a vibrant community of experienced professionals, InQubeta gives startups a chance to seek the right kind of counsel. Whether it’s mentors, accounting support, or help with marketing projects, these professionals will have useful insights to ensure the success of AI projects.
InQubeta’s social media channels are another resource that startups can bank on to bolster their digital presence.
There is much to look forward to regarding the QUBE token. The token is modeled on the ERC-20 standard and is the lone mode of payment within the InQubeta network.
By staking the token, its owners can ensure a steady passive income. Staked tokens are always in high demand as they support the blockchain’s growth while boosting security.
InQubeta has created a separate rewards pool for the staking service, which is replenished periodically through tax collections. A small tax is charged every time a person buys or sells the QUBE token. The rest of the tax proceeds are used to maintain liquidity on the platform.
A notable feature of InQubeta’s native token is its deflationary character. The feature is one of the reasons behind the stellar performance of its cryptocurrency ICO.
Being a deflationary asset means that the token remains relatively immune to the impact of market volatility compared to other assets. In case inflation is on the rise, the deflationary model cuts back on the token’s supply and makes it scarce in the market.
The cryptocurrency’s reduced availability will push its demand and allow the price to stabilize. The supply is trimmed by burning all excess tokens in circulation.
To stay ahead of the competition, InQubeta allows community members to suggest proposals or changes that could improve its potential. These suggestions are discussed among community members and then put to a vote where only token owners are allowed.
The decentralized governance system ensures that the community makes decisions unanimously and after addressing all concerns.
Going forward, the team aims to roll out multiple new features and products. One of its recent achievements is getting the QUBE token listed on two exchanges, Uniswap and MEXC. There are also plans to launch a staking dApp catering to users interested in earning a passive income.
2. Fetch.AI webinar for developers
Fetch.ai is an emerging crypto where innovators can create, launch, and monetize AI services. For payments, transactions, and rewards, users can opt for the open-source platform’s native token, known as FET.
What stands out about the platform is the AI agents that its users can deploy to improve their services’ reach. These AI agents can ramp up legacy systems without requiring any tweaks in the APIs.
With Fetch.ai, developers can leverage machine learning utilities to train digital twins and then deploy collective intelligence.
The cryptocurrency made waves after, along with two other AI-led tokens, it finalized a $7.5-billion token merger. The collaboration has also been approved by the community members of the three crypto platforms.
The team behind the FET cryptocurrency has been working aggressively to boost its popularity. To that end, developments like the FET token being listed on the popular crypto exchange Coinbase have been helpful.
In another development, Fetch.AI will host a webinar on AI agents and their capabilities in May. Called ‘AI Agents 101’, the workshop is for developers with a basic knowledge of Python coding and who are acquainted with the AI agents document.
3. SingularityNET partners with Cardano’s Miniswap Labs
SingularityNET is a premium crypto platform that serves as a marketplace for AI-based services. The open-source platform has an AI publishing and marketplace vertical, where crypto users can choose from a collection of algorithms and deploy their services. Using the tools, people can manage and edit their services to scale ahead.
The native token, known as AGIX, is a good crypto to buy as it bridges the gap between traditional finance and new-age assets. The token bankrolls all payments within the SingularityNet ecosystem.
With the AI Domain Specific Language service, developers can create a network of AI agents that can outsource work and negotiate payments on their behalf.
In a breakthrough, SingularityNET is part of an ambitious token merger with Ocean Protocol and Fetch.ai. Valued at $7.5 billion, the token merger is called the Artificial Superintelligence Alliance. It will have a new native token known as ASI, which is expected to be launched in May. The token will have a governance council to take all decisions related to the protocol.
The platform recently hit the headlines with its collaboration with Miniswap Labs — a decentralized exchange powered by Cardano. The exchange has pools of multiple assets.
Under the partnership, Miniswap would utilize SingularityNET’s capabilities to improve its platform. In exchange, Miniswap would help in expanding AGIX’s user base.
4. The Render Network partners with StabilityAI, OTOY
The emergence of the Render Network as one of the best altcoins of the year highlights the versatility of the DeFi space. The crypto project democratizes the GPU rendering space by bringing together available rendering units and commissioning artists and brands on a single platform.
In exchange for the jobs, owners of the rendering units are paid in terms of the Render Network’s native token, RNDR. The platform charges a small fee for its services.
In 2023, the platform migrated its core infrastructure to Solana from the Ethereum network for higher efficiency.
The payment due for a rendering gig is initially stored in escrow and is released only after the band or artist is satisfied. At the same time, until the payment is released, all rendered artwork will have a watermark to avoid any exploits.
The platform was recently in the news after it joined hands with Stability AI, OTOY, and Endeavour to explore new avenues to introduce Gen AI models in 3D workflows.
These workflows would include VFX, graphics, and user experience and would create models that could be used by all organizations.
5. The Graph partners with Streamr
Considered one of the altcoins to watch out for this year, the Graph is a leading Web 3.0 platform where developers can find tools for accessing and querying data. For all transactional uses, its native token GRT is used.
Using subgraphs — APIs to connect a network to blockchain data; developers can access quality real-time data. Plus, these subgraphs can be used with over 40 blockchains.
A globally distributed network of nodes ensures that dApps can operate with 100% resilience while meeting the needs of a growing network.
The Graph has won over developers as they don’t need to have their servers or build indexing infrastructure to build a dApp. The feature also cuts down costs and makes deploying Web 3.0 solutions more pocket-friendly.
In a related development, the platform announced its partnership with Streamr, which is a data broadcasting dApp. In April, the platform published its subgraph on The Graph for verifying network access and analyzing data streams.
Over time, the move will help Streamr to gain reliable access to on-chain data and build powerful dApps.
Conclusion
These five tokens are ideal assets for crypto users interested in technologies and their potential to generate wealth.
Many of these tokens have made rapid strides in the market through their new initiatives and partnerships. These developments have contributed to tokens’ growth and helped them make inroads into different fields. Analysts also agree that such projects can boost the prospects of a cryptocurrency.
Fetch.ai and SingularityNET are part of an upcoming multi-billion token merger. Together, the cryptocurrencies will promote the cause of AI and introduce new avenues for crypto users.
InQubeta has been building on its presale success with new initiatives like getting the QUBE token listed on MEXC and Uniswap. These developments are part of an ambitious roadmap laid down by the team and can aid the top altcoin in becoming a blue-chip asset
As lucrative as the crypto space is, it is subject to market risks, and crypto users should research a token well before making a decision. By exploring the token’s features before purchasing it, crypto users can identify potential issues.
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