Avorak AI has recently made crypto news headlines by securing a massive $50,000 USD OTC deal with a Binance chain-focused institution. This is a significant milestone for Avorak AI and it demonstrates the recognition of the project’s capabilities.
What is an OTC deal?
Over-the-counter (OTC) trading happens between two parties directly, rather than on an exchange. In an OTC deal, prices are negotiated between the two parties involved, and the trade takes place off-exchange. This type of trading is often used for larger trade sizes, as it allows for more discretion and avoids potential slippage on the exchange. When it comes to OTC trading with Binance, the parties involved are the user who initiated the trade and Binance’s OTC desk. This allows for a more customized and private trading experience.
What is Binance Chain?
Binance Chain is a blockchain network that enables developers and innovators to build decentralized applications, or DApps. Binance Chain was initially launched as a crypto asset exchange platform, with Binance Coin (BNB) as its native currency. However, Binance Chain and Binance Smart Chain merged to form BNB Chain, an open-source, community-driven ecosystem.
What is Avorak AI?
Avorak is an AI crypto project built on the Binance Smart Chain. Avorak uses artificial intelligence (AI), machine learning, and blockchain technology, to create a powerful and open-source platform with chatbots, trade bots and indicators, generative content modules, and so much more. All of this powered by its native token, AVRK.
AVRK can also be staked in one of its non-inflationary staking pools to earn a passive income with minimum APRs of up to 14.8%. Moreover, a portion of the revenue generated by Avorak AI is shared with all AVRK holders. The rest is used to develop and enhance the platform.
There has been even more hype around Avorak’s ICO since its successful phase 1. 2Bit Crypto and Crypto Epoch, in their recent YouTube videos, discussed the potential of Avorak AI and the significant benefits that come with obtaining AVRK tokens through ICO. 1 AVRK is currently $0.105, offering investors on any level a chance to access these advanced solutions.
Avorak gains $50,000 in OTC deal. What does this mean?
Avorak AI’s recent acquisition of a $50,000 OTC deal is a clear indication of the project’s strong market position and competitive advantages. Avorak’s focus on providing a comprehensive solution that stands out from other AI providers in the market is clearly paying off, seeing this OTC deal. The fact that Avorak is the first to market and offers a user-friendly platform with intuitive features has given it a significant edge over its competitors. Its affordability and added benefits like data backup redundancies or cloud storage solutions further reinforce its appeal to businesses and private individuals. This OTC deal is evidence of investors’ confidence in Avorak’s potential for growth.
Avorak AI (AVRK) has made a significant move in the blockchain industry by securing a $50,000 USD OTC deal with the Binance (BNB) chain-focused institution. The partnership signifies the trust and recognition of AVRK’s technology and its potential to revolutionize the blockchain industry. It is also indicative of the growing demand for AI cryptocurrencies and the innovative solutions they offer.
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