Financial technology has experienced various changes and new developments in multiple fields. Among them is blockchain technology, aggravating the potential rise of the system.
The technology has given users a taste of decentralization in terms of finances. Nevertheless, momentarily following the crashes experienced in the ecosystem, it is knowingly to diminish participants’ motives. An example is Terra Luna, a crypto asset that failed.
Avorak aims to curb challenges in the industry by bearing the future in an advantageous position.
What is LUNC?
LUNC is the native token of the Terra Luna blockchain. It is considered the only surviving coin in Terra’s environment after establishing a new chain and the collapse of UST.
Terra Luna founder Do Kwon’s plan for bouncing back was generating a whole chain whereby future transactions were done.
Is LUNC Dead?
The token went live in September 2022 and has made some upward movements, although not as the expected rebound from CEO Do Kwon.
The token captured the eye of various investors who saw potential in the system. Luna Classic has some problems in growth, and different social crypto geeks say that the digital asset might crumble due to the nature of the platform run by Do Kwon.
Avorak the Future of Crypto
When individuals learn about digital currencies, the first thing that comes to their minds is the volatility within the ecosystem.
Activities such as trading, using chatbots for customer care, image creation, and developing meaningful content for clients become more complicated enough due to monotonous behavior. Avorak is a blockchain asset that aims to integrate artificial intelligence into the environment to aid traders, image creators, and content writers.
The AI cryptocurrency has its native asset known as AVRK, which powers the ecosystem in conducting tasks such as giving rewards to participants and transactions.
The maximum supply of AVRK coins is 40 million, whereby 49% of the tokens will be distributed to holders, 49% to Avorak, and 2% will be burned in a deflationary mechanism. Avorak will utilize a proof-of-learning system through machine learning in analyzing data.
According to the platform’s whitepaper, the liquidity pool lock will occur before the distribution of the AVRK token due to preventing certain users from generating their LP before the team sets the token’s price.
The project believes it’s set to cause development by being the first AI crypto project; therefore, transparency and efficiency will be upheld by its fanbase.
Traders don’t need to worry, as Avorak Trade is a mechanism within the system that utilizes machine learning in analyzing previous data in various trades.
The feature will allow the trader to relax and avoid the emotional rollercoaster that is trading. Moreover, Avorak Trade notifies traders of changes in market trends or patterns.
Conclusion
The challenges undergone in the crypto market have greatly affected traders and holders. Several organizations, such as FTX, filed for bankruptcy during the crypto winter season experienced in 2022.
The collapse of major exchanges and the failure of stablecoins caused a lot of panic from venture capitalists and individual investors who hoped to make profits.
Avorak aims to revolutionize the industry by utilizing artificial intelligence and machine learning to help participants in the ecosystem.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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