In recent months, Avorak AI has been making waves in the cryptocurrency world as it blazes through its ICO phases. This has attracted the attention of many investors, including Polygon holders, who are seeking true utility and value in their investments.
What is Polygon?
Polygon is an L2 (Layer-2) scaling solution for Ethereum, addressing issues of high gas fees and slow transaction speeds. It provides faster and cheaper transactions by utilizing sidechains that run alongside the Ethereum network. Polygon also supports the development of decentralized applications (dApps) through its SDKs and APIs. MATIC is the native cryptocurrency of the Polygon network. It is used for various purposes, such as paying transaction fees, staking, and participating in governance decisions.
The Avorak ICO event
The Avorak initial coin offering (ICO) started on 1st March, with its token, AVRK, selling at $0.060. Since then, crypto news has been filled with positive developments as the ICO blazes through its phases. The ICO is currently in phase 6, selling the AVRK token at $0.235 with a 5% bonus. Many analysts have discussed Avorak’s potential and highlighted other advantages of the ICO, such as the priority access to Avorak’s staking pools. AVRK represents a commodity of value only with the purpose of accessing the Avorak AI system. It is a deflationary token with a maximum supply of 40 million coins. Thus, as the demand for Avorak’s solutions increases, its value will also increase.
What gives a crypto utility?
While there are many factors to consider, a cryptocurrency’s utility is mainly determined by its usefulness and practicality in real-world applications. A cryptocurrency with utility has a clear purpose and function beyond simply being a store of value. For example, a cryptocurrency can facilitate cross-border payments, offer access to decentralized and secure data storage, and support the development of decentralized applications. The cryptocurrency’s tokenomics and underlying technology also contribute to its utility and overall value.
Why Avorak AI (AVRK) has true utility
True utility is determined by a project’s ability to solve real-world problems and provide tangible benefits to its users. Avorak has a wide range of AI products and services within its ecosystem designed to streamline human-led tasks. These solutions are efficient and can be used by both businesses and individuals in different industries. For example, Avorak’s AI algos can be used for data and security analysis, chatbots and virtual assistants can improve customer service, and its trade bot can help users maximize their profits. Avorak’s solutions also have first-to-market features that increase their efficiency and ease of use. For example, Avorak’s trade bot uses non-code-based programming and can automate trades on different exchanges and asset classes.
Avorak also offers AVRK token holders a share of the profits made from its AI services. Avorak AI has dedicated staking pools to offer investors passive income with APRs of up to 14.86%. The project’s use of AI technology makes its use cases unlimited and could see its value rise significantly after launch.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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