XRP has been labeled among the most undervalued cryptocurrency in the virtual arena. The ongoing legal battle between the US Securities and Exchange Commission (SEC) and Ripple, the firm behind XRP’s development, has dramatically undermined the cryptocurrency project’s growth. SEC sued Ripple because the blockchain-based firm issued XRP to investors as securities, yet Ripple never registered the digital assets with SEC. As the crypto community awaits the final verdict, a new AI-based blockchain project is attracting Ripple fans.
Ripple Stands out Against SEC
The Securities and Exchange Commission sued Ripple Labs in December 2020. The case has been going on ever since, with the financial watchdog alleging that two Ripple co-founders illegally raised more than $1.3 billion from XRP, which the SEC terms as an unregistered security. Regardless of the case, Ripple has expanded significantly in line with the roadmap’s objectives. The company has secured a significant payment institution approval from the Monetary Authority of Singapore.
Avorak Attracts Ripple Investors
While Ripple continues to battle the SEC, a new AI crypto project called Avorak is luring attention from Ripple investors. Avorak is among the fastest-growing ecosystems in the crypto realm. The project is on track to implement artificial intelligence in blockchain technology, solving major challenges that constitute blockchain weaknesses. Avorak AI is currently on presale, Initial Coin Offering phase 8. During this phase, investors will get a 3% bonus on their AVRK token purchases. Each token is going for $0.27. AVRK token is the ecosystem’s native utility and governance token.
Avorak developers are working on essential tools to invade trading, text generation as well as image creation. The ecosystem will produce a powerful trading tool called Avorak trade. This tool will help traders execute trading orders with ease.
The feature uses a single command line input that will execute large trades for institutions taking part in crypto trading. The tool will also generate trading indicators integrated with popular charting software like TradingView to allow traders to analyze markets efficiently and make sound decisions.
The project’s devs have minted a maximum of 40 million tokens, of which 28 million have been allocated to this ICO event. 2.4 million AVRK will be directed to provide initial liquidity, and 2 million tokens will be assigned to the three primary staking pools to yield investors passive income from their AVRK share. 1.6 million is refined for the team behind the project, and 4 million tokens will be directed to provide liquidity when the token gets listed on centralized exchanges. The remaining 2 million tokens have been set aside for marketing purposes.
Avorak AI has been closely monitored and scrutinized by CyberScope and SolidProof, professional audit firms. Information, reports, and records about the two audits can be found on Avorak’s whitepaper. Avorak has been designed to benefit significantly investors who continuously support the project. To honor this statement, Avorak will direct 49% of the total revenue collected to its investors. Another 49% will be redirected back to Avorak for the growth and development of new and more exciting features.
Avorak AI has no means of minting new AVRK tokens hence the need for a deflationary mechanismThe remaining 2% will play a major role in reducing the supply of AVRK tokens and therefore increase the tokens’ demand. This revenue will be burnt and permanently eroded from the circulating supply.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
