Two names in the crypto space have been making waves recently: CoinShares and InQubeta. CoinShares is shaking things up after the SEC decision on Bitcoin ETF by distributing Ethereum (ETH) staking rewards to investors in its exchange-traded product (ETP). Meanwhile, InQubeta (QUBE), a new AI-focused top ICO, has caught the attention of whales in the industry. Let’s delve into both these developments and see what they mean for the crypto community.
CoinShares Distributes ETH Staking Yields to ETP Clients
CoinShares, a prominent player in the crypto investment scene, is creating a buzz by passing on Ethereum staking rewards to investors in its Ethereum exchange-traded product (ETP). Investors in the Europe-listed CoinShares Physical Ethereum ETP will now enjoy a 1.25 percent staking reward every year, according to CoinShares executive Townsend Lansing.
This reward is distributed through an “upward adjustment to the coin entitlement,” essentially boosting the amount of underlying assets needed to create and redeem the security. Unlike traditional setups where management fees eat into returns, CoinShares’ staking products slash those fees to zero. This means that instead of your coin entitlement decreasing, it actually grows daily thanks to the staking reward, with the corresponding coin amount deposited into the issuer’s account.
CoinShares isn’t new to the zero-fee game. In January 2022, they chopped fees for Tezos and Polkadot ETPs to zero and set annual staking rewards at impressive levels. And in February 2023, they axed the management fee on their Ethereum ETP. Now, adding staking rewards a year later is another bold move.
The math behind these rewards considers not just the zero management fee but also the complexities of staking, ensuring investors get the full picture. And with management fees elsewhere climbing as high as 2.5%, CoinShares believes this setup offers excellent value for those eyeing staking via ETPs.
New AI Crypto InQubeta Draws Attention of Top Whales
InQubeta (QUBE) is the talk of the town in the beginner cryptocurrency world, and it’s not hard to see why. This AI-focused crowdfunding platform has been making headlines with its presale, attracting investors eager to get in on the ground floor and reap the rewards.
What’s intriguing is the attention InQubeta’s presale is garnering from top whales in established and emerging markets. Whales are already jumping into action, purchasing QUBE ERC20 coins at a discount. The reason behind this is InQubeta’s innovative investment approach that aims to help AI startups raise funds. A real-world application of blockchain technology that focuses on the AI sector is an attractive project for many investors. Further, whales love projects with big growth potential, and InQubeta’s all about riding that innovation wave.
InQubeta’s presale isn’t just another run-of-the-mill deal as it offers a golden opportunity for serious returns. With AI tech becoming a big deal in almost every industry, startups supported by InQubeta have the potential to explode with growth. This allure of high-risk, high-reward investments is right up the alley of top whales, who see the potential in this best upcoming ICO to provide substantial gains over the long haul.
InQubeta also goes beyond profit as it aims to build a tight-knit community. The QUBE ERC20 coins are a governance token, which means token holders are involved in the platform’s decision-making. This level of decentralization really speaks to the big players in the game, who want transparency and have a say in where things are headed.
Whether you’re thinking about staking rewards with CoinShares or dipping your toes into the world of AI with InQubeta (QUBE), there are lots of opportunities waiting for you in the beginner cryptocurrency scene.
If you’re in the market for a promising crypto to add to your portfolio, consider InQubeta. The project’s presale is in Stage 7, with QUBE tokens priced at $0.0224 and already hauling in a massive $9 million. Learn more about InQubeta by visiting their website, and follow them on Twitter for all the latest news.