In a recent announcement, UK-based fintech firm Revolut revealed that it is discontinuing support for three major cryptocurrencies on its platform. Cardano (ADA), Polygon (MATIC), and Solana (SOL) will no longer be available for purchase in the US. This move has sparked interest among crypto investors, who are now turning their attention to alternative investment opportunities such as the InQubeta presale, seeking potentially significant gains. This article examines the delisting decision by Revolut and explores the growing enthusiasm for InQubeta among crypto whales.
Growing Interest in InQubeta Presale
The delisting saga has certainly piqued the interest of crypto investors, prompting them to explore alternative investment opportunities. One project that has attracted attention is InQubeta, the pioneering crypto crowdfunding platform for AI startups. With InQubeta’s presale underway, crypto whales are actively participating for potential gains from early investment in this promising project. It has already raised over $900k, and the initial token price is up by 25%.
InQubeta’s unique value proposition lies in its fractional investment approach using QUBE tokens, which enable investors to support AI startups and enjoy the benefits of being early backers. The platform’s successful completion of a smart contract audit by Hacken further enhances its appeal. With its secure and transparent ecosystem, InQubeta presents an attractive opportunity for investors seeking high growth potential and diversification.
The native asset of the platform is deflationary, which implies that each transaction levies a 2% tax, which goes to a burn wallet. This reduces the circulating supply over time, and enhances the token value. One can also reap staking rewards for locking up their tokens against the security of the protocol.
What triggered the delisting decision?
Revolut notified its US users via email on June 28 about its decision to end support for Cardano, Polygon, and Solana on its platform. Effective immediately, users will no longer be able to purchase these cryptocurrencies through the Revolut app. Furthermore, at a later date that has yet to be specified, users will no longer be able to hold or sell these tokens. Revolut plans to automatically sell the delisted tokens and transfer the equivalent cash value to users’ Revolut accounts. It is important to note that this delisting only affects a small portion of the tokens supported by Revolut, which currently offers over 80 tokens on its platform.
Revolut cited changing laws and regulations in the US as the primary reason for delisting Cardano, Polygon, and Solana. While the company did not explicitly mention the ongoing cases involving Coinbase and Binance with the Securities and Exchange Commission (SEC), both cases identify ADA, MATIC, and SOL as securities. The decision to delist these assets aligns with the actions taken by other exchanges and crypto platforms, such as Robinhood and Bakkt, which have also recently removed these tokens from their offerings.
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