With the increasing innovation and development in cryptocurrency seen in projects like Avorak, there seems to be increased apprehension by governments and traditional finance systems.
Can crypto shake up traditional finance?
The fundamental feature of cryptocurrencies lies in their decentralized nature, removing the need for intermediaries like banks or regulatory bodies. This disintermediation empowers individuals by granting them direct control over their finances and circumventing the traditional gatekeepers. Moreover, cryptocurrencies reduce transaction costs and increase financial inclusivity by allowing people without access to traditional banking services to participate in the global economy.
The underlying technology behind cryptocurrencies, the blockchain, provides unparalleled transparency and security, making fraudulent activities and corruption more difficult. Additionally, blockchain technology has found a myriad of applications apart from finance, including gaming, entertainment, government, supply chain management, healthcare, logistics, and even Artificial Intelligence.
These factors collectively challenge the existing power structures and monopolies, redistributing control to the masses. This transformative potential threatens to disrupt traditional finance systems in profound ways, making governments cautious and, in some cases, even fearful.
How many people have invested in crypto?
Governments have good reason to be concerned about cryptocurrencies given the significant number of people who have invested in them. The current market cap of cryptocurrencies stands at around $1 trillion, indicating a substantial amount of value being held in digital assets. Furthermore, the global user base for cryptocurrencies exceeds 400 million individuals, highlighting the widespread adoption of these decentralized financial systems. The massive participation in the crypto market showcases the growing trust and interest in digital currencies as an alternative to traditional financial instruments.
Avorak (AVRK): Illustrating the capabilities of cryptocurrencies
Avorak (AVRK) exemplifies the transformative power of cryptocurrencies with its unique combination of artificial intelligence (AI) and blockchain technology. The project offers comprehensive AI solutions with far-reaching applications in content creation, security management, data analytics, trading, online shopping, architecture, customer service, 3D computer graphics, and more. The use of blockchain technology provides security, transparency, and scalability while also ensuring that users from anywhere in the world can access these solutions.
Avorak is a first-mover meaning its innovative tools guarantee unmatched capabilities. The Avorak Trade bot, for instance, automates trades across different exchanges and asset classes. It also provides comprehensive analyses with real-time alerts, price predictions, and indicators. Additionally, the trading bot uses a command-line input that requires no coding skills. Thus, Avorak AI fills a void in the algorithmic trading space, offering a more secure, efficient, and usable trading tool.
The native cryptographically-secured token of the Avorak AI platform, AVRK, serves as payment for its AI services. AVRK holders receive a share of the project’s revenue and can increase their hold through staking. The AVRK tokens can also be used for incentivized liquidity provisions through decentralized exchanges. This multi-faceted approach provides AVRK users with different avenues for earning. Additionally, a maximum supply of 40 million AVRK tokens shows signs of a potential hedge against inflation.
Avorak actively involves its community in development, allowing developers to gain hands-on experience in training AI modules and acquire other valuable skills. The project has garnered endorsements from experts and attracted investments from equity firms and other large-scale players, demonstrating confidence in Avorak’s vision. The ongoing Avorak ICO (initial coin offering) allows users to purchase AVRK tokens at a discounted price, and get bonuses, priority access to staking pools, and other enticing benefits.
For more information on Avorak AI and its ICO:
Buy AVRK: https://invest.avorak.ai/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Photo by Kanchanara on Unsplash
#Governments #Scared #Cryptocurrencies #Truth #Dont