Benzinga - Avorak AI has been making waves in crypto with its extraordinary new project that melds blockchain technology with artificial intelligence.
It will release a set of products that allow clients to trade automatically, generate images and bodies of text, and integrate and interact with a natural language model.
In order to access the ecosystem, users must buy the AVRK token and send it into the payment contract to allocate product credits. This AVRK is then split between AVRK holders as a form of revenue share and to the team to aid with costs and continued development. The revenue share will happen live through automated contracts, something that ‘dividends’ or ‘revenue share’ in traditional finance could only dream of, usually quarterly or yearly.
With the trading bot, known as Avorak Trade, reaching the closed beta stage, project CEO Anthony Elsher tweeted several days ago, "Get ready, tech enthusiasts. The long-awaited Avorak AI Beta is about to land, and we can’t contain our excitement"
The excitement about this project is certainly increasing as investors line up to make the shortlist to test the trading bot. The bot itself simulates thousands of trades based on numerous indicators across multiple timeframes to determine the high timeframe likelihood of continuation or reversal alongside low timeframe entry and exit points. The bot updates itself in real-time and adjusts based on the success rate of each indicator used, with the aim of increasing trade win rate to as high as possible.
This beta testing has seemingly had a good amount of sign-ups already, with Anthony hinting that those in the beta will be given funds to test with that they can keep afterward!
The beta will consist of using the trading bots and feeding back to the team about success rates, usability, bugs, failed trades, and where the experience is particularly positive.
The beta has been hinted at for over a week already by Ree, the Avorak CMO, so this news does not come as a surprise to those deep in the Avorak community.
This beta testing is a pivotal moment for investors, some of whom will be ecstatic to get the opportunity to test this revenue-producing product before it comes to market.
Those wishing to use the Avorak Trade algorithms will be required to pay AVRK 0.5% of the profits created. 49% of these profits are routed back to AVRK holders. This is a revenue share linked to an artificial intelligence platform that has not been seen before in a way that is currently impossible in traditional finance.
With the beta coming out soon and the AVRK token gaining in price in each presale phase that comes along, it is no doubt that the increased uptake in sales is pushing Avorak to the next level.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
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