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The dynamic landscape of crypto is marked by milestones and aspirations. Sharing the spotlight is Bitcoin Depot, which is celebrating a Q2 revenue boost of 19% YOY. Bitcoin Depot, a United States-based Bitcoin ATM operator, recorded over $190 million in revenue in the second quarter of 2023. Meanwhile, another development gaining traction within the crypto community is the ambitious fundraising goal of a $5 million milestone set by InQubeta, which it is inching closer to. This puts it on the top ICO list of the year.
In this article, we will explore the factors that contributed to Bitcoin Depot’s success and delve into the cryptocurrency ICO, InQubeta.
InQubeta (QUBE): A Favorite in the Initial Coin Offering List
InQubeta is a project that stands at the forefront of innovation, with its presale gathering enthusiasm within the crypto landscape. The presale is on track to reach a new milestone – its ambitious goal of $5 million, having already raised nearly half of that amount. This makes it one of the most successful ICOs among the new ICOs in the crypto market.
The increasing interest and support for InQubeta’s presale highlights the excitement surrounding visionary projects. The enthusiasm around this project is in a frenzy, considering it is an intersection between blockchain and AI. By utilizing blockchain technology, InQubeta aims to solve a key problem within the AI industry.
This problem revolves around fundraising, which InQubeta intends to solve by becoming the first crowdfunding platform for AI startups. Through this revolutionary idea, AI startups will be able to raise funds for their projects through cryptocurrency and NFTs. Similarly, investors and enthusiasts can participate in the fast-growing AI market. To raise funds, AI startups will mint investment opportunities within its NFT marketplace, while investors will purchase fractionalized NFTs to own stakes in AI startups.
The further appeal of the project is the utility of its token, which contributes to the success of the presale. Besides being used to raise funds and invest in AI startups, the QUBE token is deflationary and can be staked for passive income. Being a deflationary token, its supply will decrease over time because of the burn tax, which removes 2% of all token sales and 1% of all purchases. This will propel the value of the token in the future. Additionally, the QUBE token can be staked on the platform to generate passive income and earnings.
Moreover, the InQubeta presale is not one of the best ICOs only because of its strong fundamentals and utility but also because it is a safe investment that prioritizes trust and transparency. There has been an audit by an independent company, Hacken, which deemed it fit, and a KYC check by Block Audit. Hence, investors can confidently invest by purchasing the crypto ICO at $0.0112 per token and enjoy a potential ROI of 4,000%.
Bitcoin Depot Experiences a YOY Jump in Revenue in 2023 Q2
Bitcoin Depot is an ATM operator in the United States, and according to reports, it had its best-ever revenue numbers in the second quarter of 2023. According to available data, Bitcoin Depot’s revenue in Q2 increased by 18% YOY and recorded about $197 million in revenue during this period. This is a profit of $25.9 million in Q2.
This profit is reportedly spurred by strategic partnerships with various U.S. retail stores. Meanwhile, the company has an even more optimistic future outlook, aiming to expand its footprint and grow after listing on Nasdaq.
Conclusion
The revenue boost for Bitcoin Depot can be attributed to the increasing adoption of Bitcoin and also to its strategic partnerships. Meanwhile, another project experiencing success is InQubeta, which appears within reach of one of its fundraising goals. With the project representing a top ICO, we recommend participating in the presale.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
