Shiba inu

Shiba and BNB Burning Record Coins, but this Won’t Match InQubeta Mechanism

Burning events have become increasingly important in shaping market dynamics and increasing token prices. Shiba Inu (SHIB) and Binance Coin (BNB) have made headlines and garnered attention with their burning records, positively impacting their value. However, burning a record amount of coins won’t match the unique InQubeta (QUBE) deflationary mechanism, convincing investors of the project’s high-return potential and profitable ecosystem.

InQubeta is creating a secure and transparent investment process supported by the power of blockchain technology in decentralized finance (DeFi). This ensures the integrity of transactions and enhances trust between investors and the platform. InQubeta offers a rewarding platform for both investors and AI startups, making it an appealing choice for AI startup crowdfunding.

Let’s discover why SHIB and BNB burning records will not match QUBE’s mechanism.

The InQubeta (QUBE) Burning Mechanism is Propelling its Mass Adoption

The progress of InQubeta’s ongoing presale is proof of its success. It has so far sold over 95 million QUBE tokens and yielded nearly $700,000 in its first presale stage. InQubeta has implemented several strategies to ensure the exclusivity and future scarcity of its native QUBE coin by fully utilizing the deflationary model. One of these strategies is the dedicated burning wallet, which serves as a mechanism to reduce the circulating supply of QUBE coins, making it a top option among the best cryptos to buy now.

Whenever a QUBE coin is bought or sold, a 2% tax is applied, and the resulting funds are allocated to the burn wallet. This ensures that a portion of the coins in circulation is constantly being removed from the supply, increasing the scarcity and value of the remaining tokens. By implementing this burning mechanism, InQubeta aims to incentivize QUBE token holders to retain their tokens instead of selling them, as holding onto them could potentially yield future gains.

InQubeta has established the best DeFi reward pool designedfor burned QUBE coins. When QUBE token holders stake their tokens, they become eligible to receive rewards from this pool. The rewards are primarily funded by a 5% tax applied exclusively to selling QUBE coins. This contributes to the overall scarcity of the tokens in the DeFi market and creates a sense of exclusivity as staking becomes a means of earning additional benefits.

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Shiba Inu (SHIB) Records a Remarkable Surge in Its Burn Rate

The native SHIB coin of the Shiba Inu platform has witnessed a remarkable surge in its token burn rate, reducing its circulating supply and generating scarcity. This development has consequently led to an increase in the value of the SHIB coin. On May 17, 2023, after Shiba Inu’s 23rd BNB burn event, an astounding amount of over 1.6 billion burned SHIB coins were recorded. The limited availability of SHIB coins contributes to driving up their market value.

The burn rate of the SHIB coin has also been significantly accelerated due to the launch of Shiba Swap. With each swap transaction on the platform, a 0.3% fee is charged and distributed to liquidity providers and token holders. NFTs minted on the Shiba Inu platform utilize SHIB tokens as payment, deducting the used tokens from the circulating supply. Some SHIB token holders have also committed to burning a specific number of SHIB tokens for each retweet or like they receive on Twitter. This collective burning effort has contributed to setting new records for Shiba Inu in the DeFi market regarding value increase.

The Binance Coin (BNB) Auto-Burn Formula is Unlocking Value and Driving Mass Adoption

Binance Coin is the cryptocurrency the Binance Exchange platform uses on the BNB Smart Chain (BSC). It is traded with the symbol BNB on various decentralized and centralized exchanges. BNB has an Auto-Burn formula that provides an independently auditable and objective process for determining the amount of BNB to be burned during each quarter.

The Binance Coin burn mechanism benefits the token’s value and mass adoption. As the supply of BNB decreases, demand may increase, leading to potential price appreciation. The BNB burn mechanism instills confidence among investors and BNB holders. The BNB burn process also helps to incentivize token holders. Reducing the supply enhances the scarcity of coins, motivating holders to keep their BNB tokens rather than sell them.

Final Thoughts

SHIB and BNB are burning record coins. Their burn mechanism is a strategic move that not only unlocks value but also actively drives the mass adoption of the coins. On the other hand, InQubeta has the best DeFi deflationary model that dedicates a burning wallet for a 2% buy-and-sell tax and a reward pool for a 5% sell tax. InQubeta’s unmatched mechanism reduces the circulating supply, increases scarcity, and reinforces the motivation of investors and crypto whales to invest in the QUBE coins for potential future gains. This solidifies InQubeta’s position as one of the best cryptos to buy now for substantial gains.

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