Since the success of projects such as Ethereum, initial coin offerings (ICOs) have been an increasingly popular way for investors to get more out of their investments with the often discounted prices. News of Avorak AI blazing through the 2nd phase of its ICO has led to the AI crypto creating more waves within the crypto community.
What is an Initial Coin Offering (ICO)?
An Initial Coin Offering (ICO) is a type of crowdfunding that is used by new projects on the blockchain to raise capital. However, rather than selling stocks, these projects offer digital tokens that can be used to buy goods and services on their platforms or traded for other cryptocurrencies on the open market. The projects usually present a whitepaper that outlines their goals, objectives, and how they intend to use the funds raised from the ICO.
What is Avorak AI?
Avorak AI is a new AI platform built on the blockchain. Avorak seeks to develop an extensive list of AI solutions that decrease the time requirements of human-led tasks.
Avorak Write and Avorak’s image generators have especially caught the eye of many investors, because of their potential to streamline content creation. Avorak Write brings first-to-market solutions for text generation. It includes plagiarism-detecting mechanisms and can edit texts in any form the user requires. These texts are also spell-checked and autocorrected before being displayed to the querying user.
Avorak’s AI image generator also offers unique solutions such as using a pure language-to-image process. This novel process ensures the creation of images that fit the exact specifications of users.
The AI crypto project has been talked about on YouTube with videos from renowned crypto analysts such as Meta Earn. Many investors are being pulled to Avorak AI and its ICO event because of the solutions it offers.
Avorak AI (AVRK) ICO event
Since Avorak’s ICO went live, more and more investors have been joining in. Tweets of the project’s ICO have been constantly increasing within the Twitter crypto community. The project is gearing up for a 140% increase in its native token AVRK, which will be used to access the ecosystem and its AI services.
With only a few days remaining, more investors are flocking to join its ICO before its price increases to $0.145 in phase 3. Avorak’s sliding scale of bonuses will also have the on-top bonus at 8%, down from the 9% in phase 2.
Crypto Labs featured Avorak AI among the AI crypto gems of 2023, while still in its ICO, because of the solutions the AI crypto project offers and the exciting benefits of getting AVRK tokens through the ICO.
How does Big Eyes (BIG) and Metacade (MCADE) compare?
Big Eyes (BIG) and Metacade (MCADE) are crypto projects that are also in their ICO phase. Big Eyes (BIG) is a meme coin on the Ethereum blockchain. The coin is in stage 12 of its ICO and aims to start another meme coin excitement run and create immense value on the Ethereum blockchain. Metacade (MCADE), on the other hand, is a Web 3, gaming, and NFT platform. It allows game developers to create and distribute blockchain-based games and enables users to play and trade in-game items as NFTs. The project is in stage 7 of its ICO.
Despite all platforms being in their ICO stages, Avorak AI is leading in value and price movements. AVRK’s price is higher than that of MCADE and BIG despite them being further in the ICO stages. Avorak AI is also based on the growing AI crypto space which further indicates its potential for growth. Today is the last day where investors can profit from the low prices of Phase Two, offering instant profits for early investors going into Phase Three.
For more information on Avorak AI and its ICO:
*This article was paid for. Cryptonomist did not write the article or test the platform.