Algorand News Suggests AI Crypto Could Be Next On the Cards for Top Crypto

The digital ecosystem has one of its kind innovations dubbed the layer-1 blockchains. These assets are a collection of solutions that contribute to improving the fundamental protocol; hence the systems become scalable. Virtual assets such as Algorand are planning to change the field by increasing the interoperability, scalability, and transactional speed rate within the web3 community. Nonetheless, the latest news reports suggest Avorak could be the next big thing in the crypt ecosphere.

What is Algorand ?

Algorand is a blockchain platform designed to improve performance regarding transactional speed, scalability, and interoperability. The native currency is known as ALGO, which is considered a digital currency. Crypto enthusiasts suggest that the virtual asset will increase following the imminent bull run that faces the crypto industry. Nevertheless, the price currently might be low due to the winter season.

Avorak AI on the Verge of Massive Growth

For the blockchain community, most cryptocurrency projects emerge, last for some time, then get lost. Others may arise and die at their initial stages due to poor marketing strategies, inadequate funding, and poor management team. Avorak is a project that has a combination of blockchain technology and artificial intelligence. The platform has a well-established management team of three well-conversant individuals with decentralized finance and marketing.

SolidProof and CyberScope have audited the project to authenticate its trustworthiness and transparency with their clients. The platform’s native currency is AVRK which has a price of $0.27 during the current stage 8 of the initial coin offering (ICO). Additionally, each AVRK purchase made during the current ICO phase is eligible for a 3% bonus. The max supply of AVRK is 40 million and has been distributed to different allocations based on the whitepaper. 

The platform also has a revenue and burning system where 49% of the revenue collected will be allocated to the AVRKS holders, another 49% will be reinvested back into Avorak for future innovations, technology, and improvements, and finally, the remaining 2% will be burnt via a deflationary mechanism upon payment.

Avorak’s token will be allocated to the participants alongside the locking and launch of the liquidity pool. However, AVRK will not be distributed before the LP lock to reduce the risk of other users creating their own liquidity pools before the team sets the official price. The platform is easily navigable and user-friendly, as cryptocurrency newbies can easily comprehend what to do. The Avorak community has emphasized allocating the lock stakes pools so that long-term investors can have massive profits.

Avorak has an artificial intelligence-based trading system that helps traders in conducting simple analyses hence having an easier time. The trading tool dubbed Avorak Trade uses machine learning algorithms that study previous where it comes with futuristic trades. The platform also provides technical indicator tools that help participants in case of a trend or market state change.  

Conclusion

Artificial intelligence is considered the next-generation technology as it has already depicted its momentum through its previous developments. The technology (AI) should work hand in hand with blockchain to increase transparency, interoperability, scalability, and security for participants within the ecosystem. The latest AI- blockchain inaugurated project is Avorak, which aims to increment Web 3 performance. The project has a sophisticated roadmap that entails details from the beginning towards the launch period.

For more information on Avorak AI:

Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register