Arbitrum, one of the more recent additions to the blockchain ecosystem, has caused chaos among investors due to issues with its recent airdrop. This has led to many investors questioning the reliability of the platform and looking for alternatives that provide safer and more significant gains.
What is Arbitrum (ARB)?
Arbitrum is an L2 (layer-2) blockchain. The platform’s goal is to make Ethereum(ETH) more scalable while lowering its transaction fees. Arbitrum uses Optimistic Rollups to process transactions off-chain before verifying them on-chain, reducing costs and increasing speed. The native token of the Arbitrum network is ARB, and it is used for settling transaction fees on the network. Additionally, ARB holders have a voice in the platform’s governance through the Arbitrum DAO.
Arbitrum airdrop causes chaos: What happened?
The recent Arbitrum news concerning the mishap that occurred during the platform’s airdrop on March 23 has created tension in the crypto community. It was reported that almost $500,000 worth of tokens were stolen from the airdrop due to compromised vanity addresses. This is not the first time vanity addresses have been compromised. In this case, the hacker generated addresses similar to those that were eligible for the airdropped tokens and directed them to their accounts instead. This led to the real owners of the vanity addresses missing out on the ARB tokens. And this has resulted in a further decline in the already falling Arbitrum price.
What is Avorak AI (AVRK)?
Avorak AI is an AI crypto platform running on the Binance Smart Chain (BSC). The platform has been making waves in the crypto community because of its continued success all through March and the solutions it brings to the crypto community. Seasoned analysts like Meta Earn and Crypto Carlos have talked highly of the project, highlighting the unique benefits Avorak AI offers.
Avorak aims to develop an extensive list of products that will fall under one interactive AI. Avorak Trade recently proved Avorak’s ability. The AI trade bot made accurate predictions on the prices of several digital assets. Avorak Trade can work on several exchanges and asset classes, generating large sets of indicators and including visual services like TradingView. This will make trading bots simpler and more efficient for both retail and large multi-exchange trading. Additionally, Avorak’s trading bot doesn’t require code-based inputs, making it accessible even to non-power users.
Avorak AI: The better option
Avorak AI offers significant advantages over many other platforms. The fact that Avorak is first to the market allows it to get ahead of competitors who may also come up with similar AI solutions. Additionally, the AVRK token has use cases unmatched by many traditional tokens through its AI crypto basis.
The AVRK price has already gone up by more than 100%. Avorak’s initial price was $0.060 on 1st March. Currently, in phase 3 of Avorak’s ICO event, AVRK is selling at $0.145. This offers investors a chance to get in on this future-proof AI crypto project at a relatively low price.
Avorak AI also offers enhanced security for its users’ assets through AI algorithms such as deep learning. These mechanisms can detect anomalies within large datasets at fast speeds, providing greater insight into potential problems before they occur. The platform has also ensured the safety of its smart contacts through an audit by CyberScope.
With its advanced technology and security monitoring systems, Avorak AI provides an unparalleled level of security for users. Furthermore, its deep learning capabilities ensure that its users always get up-to-date AI algorithms in line with their requirements. Avorak’s commitment to safeguarding customer data and ensuring compliance with applicable regulations, in addition to AVRK’s constantly increasing price, indicates that Avorak AI is a better solution for 100x gains.
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