Avorak, known for its innovative products that blend the speed of blockchain transactions with the power of AI, has attracted significant attention lately. These cutting-edge solutions require an exceptional level of expertise and insight, something Avorak greatly values.
Anthony Elsher, a well-regarded Ethereum developer, was recently sighted at the 2023 Bitcoin Miami event. Known for its staunch 'Bitcoin-only' philosophy, Bitcoin Miami is not usually the place for developers and enthusiasts of other cryptocurrencies. Yet, Elsher was seen in an apparent meeting with another distinguished developer, acclaimed for creating one of Ethereum's highest volume decentralized exchanges.
Post this meeting, on-chain activity revealed that specific contracts, linked to wallets associated with Elsher and the anonymous developer, were being deployed and rigorously tested. This observation indicates a potential collaboration between the two, even though no official partnership has been confirmed yet.
Avorak, meanwhile, is preparing for an impactful launch. It is offering products that enable users to generate creative content, trade and analyze markets, and operate a smart-contract compatible chain that fuels the entire ecosystem. The AVRK token is currently available for purchase in Phases Six and Seven of the ICO, promising a launch price of $1.00, significantly above the phase prices of $0.235 and $0.25.
Post-launch, the AVRK token will be used to access the platform and pay fees. Avorak plans to implement a payment system where payments made in AVRK are divided through the Avorak Revenue Share contract. Here, 49% of the payment goes to the Avorak team, 2% is permanently burned, thereby making the AVRK token perpetually deflationary. The remaining 49% is returned to AVRK holders, almost half of the project's revenue, providing them with a passive income without minting additional tokens.
Whether the discussions at Bitcoin Miami were focusing on this payments system remains uncertain. However, what's undeniable is that Avorak's project has garnered interest from industry stalwarts. This attention could indicate a promising future for the company.
