Benzinga - Avorak has a strong roadmap, and the development in the works is certainly enough to keep the 20-strong team busy, but it has been noted that in the background, two of the Avorak developers have been tasked with starting work on forensic software for the Solana blockchain.
What is Avorak?
Avorak, led by ex-Google developer Anthony Elsher, is an automated machine-learning project set to make waves with the crypto community. Eventually, the project will be a series of products interlinked through a central web system and chat functionality. The team is kick-starting the list of products with a trading system unlike any other. Combining the research and paper-trade-driven learning process of manual traders, the ultra-fast and clinical power of computing, and the ability to self-learn and adapt as time goes on is what will set these automated trading algorithms apart from the basic offerings currently on the market.
Avorak Solana Forensics
Numerous rumors circling about which chain Avorak will likely launch cross-chain are now close to being confirmed or debunked. With the active development on Solana to assist on-chain detective workers, it is all but certain that Solana will be the next network targeted.
This particular piece of kit is missing from the Avorak roadmap, so it begs the question if the team has been approached and contracted for this work. What is certain is that more of these quick side projects will only be beneficial as the team gains more exposure to the insider development community and makes a mark on other networks, boosting confidence for AVRK investors.
AVRK
The AVRK token is used as a transfer of value to access the suite of AI products that Avorak is releasing. When users wish to trade using the trading bot, for example, they will purchase (unless they already hold) AVRK tokens on the open market and deposit them into the unique payment system. Once these tokens are paid, a value will be assigned to the user’s account, and that will pay fees. A small percentage is taken from the trading profit as this deposited value, and such is the simple but effective system. The most important feature of this system is that all payments are routed through the Avorak payment contract. This contract carves up the AVRK as per the whitepaper. 49% of all the revenue is sent back to AVRK holders. This is an incredible ‘passive income’ in the sense that it does not come from token emissions, as the maximum supply is already on the market from launch. In fact, Avorak takes this one step further by having the contract send 2% of all income to the burn address. This means that the token not only has a passive income format but also is deflationary. Conquering two of the more difficult aspects of cryptocurrency (launching with only a small amount of the total supply and providing income by being highly inflationary) puts AVRK on the map for potentially one of the best ICOs of the year.
In summary, once Avorak becomes a household name for providing quality products that can meld blockchain with a strong use case, AVRK is set for a phenomenal rise of fortunes.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
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