Blockchain technology has the attributes of leading to developmental changes in various industries, including Agriculture and healthcare. The decentralized ecosystem has taken a further extension toward the artificial Intelligence environment. The blockchain integration to AI is because of the ledger system that aims to provide participants decentralization, security, and increased advantages. Avorak comes in handy as an AI project that uses the ledger system; hence more activities and rewards are engaging for users.
What is Polygon?
Polygon is a sidechain (layer-2) scaling solution embedded in the Ethereum ecosystem. They signify that the scaling solution uses smart contracts, which enable functionalities of transactions in an automated manner. Additionally, the transactions, as per the official websites, are believed to be fast and have lower gas fees.
The decentralized layer-2 solution (Polygon) came into the decentralized finance environment to curb Eth’s constant transaction systems. Polygon’s native token is dubbed MATIC. The token fuels the ecosystem since it’s used for activities such as staking and transactions (buying and selling assets). Participants also earn rewards from holding the token and acting as DAO (decentralized autonomous organization). DAO are project members who can participate in the voting system contributing to the changes.
Operation of Polygon
Polygon works in a mechanism known as proof-of-stake. Proof-of-stake is a consensus mechanism in the blockchain that selects validators to generate new blocks in the ecosystem. Afterward, the validator who has created the new block through staking will acquire rewards. This mechanism in a decentralized society might be complicated, but also an advance in security—a reason for integration towards artificial intelligence.
Avorak’s Beta Testing Creates Attraction
From the simple blockchain technologies proof-of-work (POW) and proof-of-stake (POS) mechanisms, decentralized finance (DeFi) aims to switch sides in a form that propagates to better operations of the ecosystem automatically and relieves users loads of tasks plus increases rewards, especially in staking. Therefore, this is where Avorak steps in to provide a kickback fed back to the prior mechanisms involved, as it provides a link between DeFi and AI.
With its innovators: Anthony Elsher, Amanda Giesbrecht, and Ree Baek-Hyeon, the project will develop into a major cryptocurrency aimed at acquiring massive traction. The native token for the project (AVRK) acts as the governor for the entire environment. The token enables users to have access to the Avorak AI services. Additionally, the participants earn rewards from holding the tokens and participating in staking activities. An interesting part is that the token is purposefully interoperable.
The maximum supply of the token is pegged at 40 million with the following functions: team allocation (4%), marketing 5%, initial LP 6%, Public ICO 70%, initial staking 5%, and Centralized exchange listing 10%. As the official website states, participants who plan to have a long-term holding will acquire more rewards.
Token distribution will be conducted systematically, having a locked liquidity pool. This is because the liquidity pool lock will initiate the distribution of AVRK to avoid participants generating their liquidity pool when the task force still needs to set the prize. An initial coin offering (ICO) will be distributed to Avorak’s user’s address. Furthermore, a deflationary mechanism burns 2% of AVRK tokens to create stability.
The two mechanisms embedded within the ledger system have taken charge since its inauguration. However, there is a need to introduce a new system and revolution as the world continues to develop. The adaptation will deny the fading of blockchain technology as other industries that failed to adopt it died. AI is the new face of technology, and blockchain has taken a path through Avorak to initiate profitable free user joints.
For more information on Avorak AI:
Buy AVRK: https://invest.avorak.ai/register
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