One of the cryptocurrencies that will likely never go away is Ethereum. Since its launch, the digital asset has maintained its position in the blockchain ecosystem, developing it further by introducing smart contracts and decentralized applications (dApps), which was difficult for Bitcoin.
Ethereum Whale Moves Over 85 ETH into Avorak AI ICO Event
Ethereum is ranked as the second-largest digital asset in the whole world. Therefore, it must have early investors who are now considered whales due to the size of their holdings. Only key players with huge stakes in a crypto project or platform are known as whales.
In recent events, whales have moved over 85 ETH into the Avorak ICO event. Based on this market trend, the next bull run is imminent, possibly in 2023.
Avorak AI Attracts Ethereum Whales
Financial technology has witnessed many changes, including the emergence of cryptocurrencies such as Bitcoin, Ethereum, and Avorak AI. The industry must also cope with other inventions, such as artificial intelligence.
Artificial intelligence has made human life easier and created opportunities where vast sectors can benefit. Blockchain is among the industries that need to embrace this innovation. In this regard, Avorak AI offers a solution to multiple issues, combining AI, blockchain technology, and machine learning.
Founded by Ree Baek-Hyeon, Anthony Elsher, and Amanda Giesbrecht, Avorak AI has found a way to simplify trading, image creation, and writing unique content. Avorak AI’s roadmap is simple and has clear and precise steps leading to the launch period in 2024. Moreover, the platform’s user interface is simple to use, even for individuals with little or no knowledge of AI and blockchain.
The platform has provided a writing aid mechanism dubbed Avorak Write that helps writers to be able to generate unique content. The system works in a manner that utilizes pre-written language accompanied by internet scraping to produce zero-plagiarism work. Avorak Write also provides plagiarism detectors and editing tools.
The native token of the project is AVRK, which acts as fuel for the ecosystem. AVRK has a maximum supply of 40 million will be distributed to central exchange listings, ICO, marketing, initial staking, and initial liquidity pool. There is also a deflationary mechanism of burning 2% of the tokens in the environment.
Conclusion
The whales of the Ethereum ecosystem seem to be interested in Avorak’s new market, indicating that the AI cryptos like Avorak AI will have vast numbers of individuals joining, creating a huge market capitalization and an immense volume. Even though the project is still in its Alpha stages, it is already attracting key players in the industry.
For more information on Avorak AI:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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