Terra Classic has been experiencing fluctuations in its price because of speculations around the drop in value of its fiat-pegged stablecoin, UST, in May 2022. As a result, many LUNA holders are constantly looking for safer options to invest in, preferably at a low price to minimize the risks involved. With AI set to take the center stage in 2023, Avorak AI is a serious contender that LUNA holders can consider.
What is Terra Classic?
The birth of Terra Classic can be traced back to May 2022 when a hard fork took place on the Terra blockchain. Initially, the Terra blockchain was created to facilitate the creation of a stablecoin known as terraUSD (UST). UST was minted by burning LUNA and could be swapped for it. However, due to UST’s depegging and a sharp drop in LUNA’s value, the Luna Foundation Guard announced a hard fork. This resulted in the creation of a new blockchain, Terra, and a new form of LUNA coin. The original form of the blockchain was renamed Terra Classic. UST was also rebranded as USTC and became collateral-backed instead of algorithmically backed. Terra Classic now operates as a cryptocurrency that is run and operated by its own community.
What is Avorak AI?
Avorak AI is an emerging AI crypto platform that has been garnering attention from crypto watchers worldwide including Crypto Epoch and Cilinix Crypto. Avorak is known for its first-to-market strategy, easy-to-use platform, and affordability. With its AI-blockchain integration, Avorak AI is poised to revolutionize the AI industry. Its growing popularity is a testament of the trust and confidence placed in the project by crypto users.
What does Avorak AI offer?
Avorak AI plans to offer an extensive range of products falling under a single interactive AI that will work on a text or voice-to-text basis. The products, which will be released in stages include but are not limited to image generation, text creation, command line trading, automated online shopping, device management and security, 3D modeling, base architectural blueprint drafting, and automated video and image editing.
As an AI platform on the blockchain, Avorak has the capacity to securely store large amounts of data, provide enhanced security and privacy for users, and improve scalability in database performance and management, with reduced costs on with transactions, and increased transaction speeds with seamless transfer of digital assets between different entities. This makes Avorak an invaluable tool for businesses that want to remain at the frontline of innovation while expanding their market reach in a secure manner.
AVRK’s current price is also a significant offer considering its future potential. 1 AVRK is being sold at $0.105 on the ongoing ICO, which is in phase 2. Investors also receive a 9% bonus on top. This makes it suitable for investors seeking affordable tokens with potential for high returns.
As we look ahead to the summer months, it is clear that artificial intelligence will continue to play a significant role in shaping the future of technology. With innovative projects like Avorak AI at the forefront of AI crypto, the possibilities for AI-powered solutions are endless.
For more information on Avorak AI:
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