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Highlights
- KubeCoin (KUBE) crypto is primarily a decentralised token aiming to revolutionise the travel and leisure industries.
- The KUBE crypto offers a variety of features, such as KUBE wallet services, NFTs with real utility, NFT Marketplace for Cardano, etc.
- The KUBE crypto was trending primarily because of the announcement of the KubeCoin's Initial Coin Offering (ICO) launch, which will take place on 10 June.
KubeCoin (KUBE) crypto is primarily a decentralised token aiming to revolutionise the travel and leisure industries. Built on the Cardano platform, the KUBE crypto intends to offer a digital asset that would allow investors to use it in the real world. Besides, the KUBE crypto will empower leisure and travel industries users to use them as its governance token.
According to its whitepaper, the KUBE crypto was founded in Barcelona and is backed by private venture capital funds and ENISA. As a decentralised DeFi token, the KUBE token can be exchanged, and rewards will be forwarded to loyal customers.
Related read: Why Ropsten test success is crucial for Ethereum?
The KUBE crypto offers a variety of features in its ecosystem, such as KUBE wallet services, NFTs with real utility, NFT Marketplace for Cardano etc. The Cardano-driven token also offers its users a Unique Swap Exchange, wherein the users can swap the digital assets into KubeCoins at lower fees.
Why is KUBE crypto trending?
The KUBE crypto was trending primarily due to its announcement of the KubeCoin's Initial Coin Offering (ICO) launch, scheduled on 10 June. The ICO launch will see 14% of the KUBE coins supply distributed to the Initial Coin Offering.
As per KUBE's whitepaper, the ICO listing will sell 67,200,000 tokens, priced at €0,12/KC with a minimum investment of €100/KC and a maximum of €100K/KC.
Although the ICO sale will take place on Friday, the public launch of the KUBE crypto is only expected in Q4 2022 before it becomes available for public purchase on the exchanges.
Related read: Reserve Rights (RSR) crypto zooms by over 35%. Here’s why
Another reason for the increased interest in the token could be an agreement deal it has recently with an exchange. Although the management hasn’t disclosed anything on this yet.
Conclusion
Although it's still not listed in popular trackers, CoinMarketCap or Trading View, after the official ICO launch, the token may build significant interest ahead of the public launch.
The investors and enthusiasts should keep in mind that the crypto markets are very volatile of late, and they should be careful with their choices. Market research is critical to ensure they don't jump to conclusions and take decisions in haste.
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