Blockchain has seen a rise in the development and adoption of artificial intelligence in months. As a result, the Binance Smart Chain, one of the leading blockchain networks in the industry, has welcomed two players to the game – Avorak AI and Fetch.ai. These innovative AI crypto projects are set to revolutionize the blockchain space by integrating AI capabilities into their ecosystems, offering exciting new possibilities for users.
What is the Binance Smart Chain?
Binance Smart Chain (BSC) is a blockchain system designed for running decentralized applications (dApps). BSC allows developers and crypto users to benefit from both high transaction capacity and smart contract functionality, thanks to its parallel operation with the Binance Chain (BC). Binance Smart Chain offers interoperability with Ethereum-based apps thanks to the inclusion of the Ethereum Virtual Machine.
The native token of BSC, Binance Coin (BNB) plays a crucial role in the platform’s ecosystem by serving as the primary means of payment for transaction fees and network upgrades. Binance Smart Chain has become a credible option for developers and staking investors looking for a more effective and affordable blockchain network in light of Ethereum’s congestion and gas fees.
What is Avorak AI?
Avorak AI is a new AI crypto project running on the BSC, that aims to offer an extensive set of solutions all under one single interactive AI.
The AVRK token will be used to access Avorak’s services which will include automated online shopping, automated command-line trading bots, and non-plagiarised images and texts. Avorak AI also has a wide range of AI products designed to streamline device management, 3D modeling, architecture, and video editing.
You can also hold the AVRK to get a portion of the last publically available non-LP tokens. In addition to getting incentivized liquidity provision through decentralized exchanges. AVRK can be used for staking as well. Future use cases will include AVRK as the ‘gas’ token for Avorak Network, as the machine learning program moves into a decentralized state functioning as its own blockchain using a Proof-Of-Learning validation system.
Avorak’s ICO is currently in phase 1, and one AVRK is going for $0.060. This, therefore, offers investors an opportunity to gain access to this comprehensive and future-oriented ecosystem at a considerably low price.
What is Fetch.ai?
Fetch.ai is also an impressive AI crypto project. It aims to create a platform that enables the development of bots and automated services through a network of AI agents. It uses machine learning to enable devices to communicate and transact with each other.
The FET token is an ERC-20 token that can be used by developers to create and deploy agents on the network and serves as the foundation for the whole Fetch.ai infrastructure. FET is therefore used to pay for services provided by Fetch.ai. FET can also be used for staking and can be exchanged on the open market.
The addition of Avorak AI and Fetch.ai to Binance Smart Chain opens up new avenues for the integration of AI and blockchain technology. Being a member of these groundbreaking AI crypto initiatives is valuable as they’re leading toward new breakthroughs and opportunities.
For more information on Avorak and its ICO:
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