In 2023, AI crypto has been trending. Avorak AI (AVRK) has emerged as a strong candidate for the lead of the AI crypto bull run and continues to pose a threat to high-profile cryptocurrencies like Polygon and Cardano.
What is Cardano?
Cardano is an L1 (Layer-1) blockchain that was created to provide a more secure and environmentally responsible method of conducting and recording transactions. Cardano’s technology is based on a PoS (proof-of-stake) consensus process, which is faster, less expensive, and more energy-efficient than the PoW (proof-of-work) method used by blockchains such as Bitcoin. Cardano also has a layered structure that separates its settlement and computing levels, allowing for more flexibility and scalability. The platform’s native cryptocurrency, ADA, is used to pay for community transactions and to incentivize staking. ADA is one of the top ten cryptocurrencies by market valuation, with a maximum supply of 45 billion and more than 34 billion in circulation.
What is Polygon?
Polygon is Ethereum’s L2 (layer-2) solution. It is intended to improve Ethereum’s efficiency and scalability by providing faster and cheaper transactions. Polygon does this through the use of a sidechain structure, in which transactions are performed off the Ethereum main chain and then settled on the main chain on a regular basis. This minimizes Ethereum congestion, resulting in faster and less expensive transactions. Polygon also aids in the development of decentralized applications (dApps). Polygon features a developer-friendly ecosystem, as well as tools to help developers create effective dApps. MATIC, the community’s native coin, is utilized for governance, staking, and transaction fee settlement. MATIC has a limited supply of 10 billion, with more than 9.2 billion in circulation.
Avorak AI (AVRK) is a new entry in the blockchain space. It is an AI platform built on the BNB Sensible Chain. The AI crypto project aims to provide a comprehensive list of solutions that make life easier for everyone, from individuals to large corporations.
Avorak’s settings can be hidden under an interactive AI that employs both textual material and voice-to-text user-input methods. These choices include digital assistants, data analysis, device security and administration, automatic video editing, command-line purchasing and selling, and much more. Avorak AI services offer special features that set them apart from competitors. Avorak’s text-generation AI, for example, generates grammatically accurate texts that meet genuine specifications without duplication or plagiarism.
The AVRK token provides access to the Avorak community and is used as payment for using its AI services. AVRK also provides several utility features throughout the ecosystem. The AVRK token is deflationary and has a supply ceiling of 40 million, which is comparable to useful cryptocurrencies such as Bitcoin (BTC). The Avorak AI project is part of the ICO and has reached various milestones. A number of exchanges have announced that they would list the AVRK coin, and the project has piqued the interest of crypto enthusiasts all around the world. AVRK is currently trading at $0.235, a 291.67% increase from its initial value. Avorak’s launch value is $1, and several factors point to it increasing following the launch. Nonetheless, like with any financing, thorough due investigation is essential.