Blockchain technology is developing quickly and has sparked innovation in various fields, including consensus mechanisms, cryptographic libraries, and zero knowledge, to mention but a few. Blockchain technology has the potential to store massive volumes of data safely, improve user security and privacy, and can be advantageous for AI companies. The era of crypto projects is slowing down with the rise of artificial intelligence. Avorak AI shows a promising future for crypto, NFTs, and Artificial Intelligence (AI). Can Fantom and Binance Coin keep up?
What is Fantom?
Fantom is an expandable smart contracting platform designed to support the creation of apps for decentralized finance (DeFi). It is intended to overcome the transaction speed restrictions that older blockchain platforms with smart contracts, like Ethereum, are experiencing.
The Fantom Foundation is in charge of developing the open-source platform introduced in 2018 by Ahn Byung Ik, a computer scientist from South Korea.
Fantom Overview
One of Ethereum’s competitors, Fantom is a decentralized, permissionless, open-source layer-1 blockchain for decentralized applications (dApps), boasting superior scalability and inexpensive transactions.
Fantom is a unique blockchain platform that has been operational since December 2019 and aims to address the blockchain trilemma through its scalability, security, and decentralization-focused architecture.
FTM has been particularly badly affected by the project’s subsequent inability to live up to the promise, Cronje’s decision to depart the business, and the current bear market slump. Since peaking in mid-January 2022, the token has decreased by nearly 90%.
Binance Coin Analysis
An EVM-compatible blockchain created by Binance that can run DeFi apps similar to those on Ethereum, with gas costs of only a few cents as opposed to fees on Ethereum that can accumulate rapidly depending on the transaction and the congestion of the Ethereum network. This changed everything since it made it possible for many people with limited financial resources to participate in the promised land of DeFi.
Binance Exchange issues Binance Coin. The digital asset allows traders on the cryptocurrency exchange to enjoy discounted trading fees of up to 25%. Additionally, the token is actively used to pay transaction fees on the tokens’ native distributed ledger.
Avorak future-proof crypto
Avorak provides more than only convenience for its customers; the costs are also very reasonable compared to low-end providers, allowing budgets to remain stable regardless of who supplies the necessary resources. AVRK is a credit that customers can spend to access Avorak’s AI services and utilize the capabilities that these services have to offer.
As a utility token that serves as a means of accessing the Avorak AI system, AVRK is an essential component of how Avorak AI distributes its products to the market.
To use the Avorak AI services, you must pay using AVRK tokens. Users can earn more AVRK token credits through staking and the incentivized liquidity provision through decentralized exchanges. The AVRK tokens will be offered for sale in an initial coin offering (ICO).
In addition to an automated API, Avorak Trading will be able to produce a wide range of indicators for traders and use overlays and notification systems to notify users when patterns or trends shift.
Inputs like “in my Binance futures account when BTC reaches 30000 short 5 BTC at 5X” or “in my Kucoin spot account when ETH reaches 1201 buy 7.5 ETH” or “in my Kraken spot account market buy 4000 USD of MATIC” are examples of simple command line inputs that Avorak will use to approach the trading market.
Most text-generating AI uses internet scraping to generate language or gather data on the topic.
Repetition or plagiarism may happen as a result of this technology. With the goal of auto correcting and amending any text before it is displayed to the user conducting the search, Avorak AI will combine internet scraping with a prewritten language bank, integrate plagiarism-detecting APIs, and combine all of these techniques.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
