Have you ever heard of ICOs (Initial Coin Offerings)? If not, then you are in for a treat! An ICO is a form of crowdfunding that enables startups and entrepreneurs to raise funds for their projects. In an ICO, a startup sells digital tokens in exchange for cryptocurrency. Now, let’s discuss AVRK tokens and how you can benefit from obtaining them through an ICO.
What is an ICO?
An ICO, or Initial Coin Offering, is a form of crowdfunding that enables startups and entrepreneurs to raise capital for their projects. It is similar to an IPO (Initial Public Offering), but instead of selling stocks, the company offers digital tokens. These tokens can be used to purchase goods and services on the platform or exchanged for other cryptocurrencies on the open market.
The most attractive feature of ICOs is that it is unregulated and open to everyone. Anyone with the necessary funds can participate in an ICO. This makes it a great way for startups to raise money quickly and without having to go through the time and expense of an IPO.
In an ICO, a startup will usually have a whitepaper that outlines the details of its project. This whitepaper outlines the company’s goals, the problem it is trying to solve, and why people should buy its tokens. It also explains the structure of the token sale and how the proceeds will be used to fund the project.
What are AVRK Tokens?
The AVRK tokens are the native currency of the Avorak platform. They are used to power the platform and pay for services. The AVRK tokens can also be used as a medium of exchange. This means users can use them to purchase goods and services on the Avorak platform. AVRK tokens are the core of the Avorak network and are required to interact with the various technologies, services, and benefits Avorak AI has to offer. AVRK has a limited supply of only 40,000,000 tokens to ever be created or distributed. This is on par with some of the most popular and scarce cryptocurrencies such as Bitcoin, Litecoin, or Yearn.
How to Obtain AVRK Tokens?
The AVRK tokens can be obtained through the Avorak token sale. A token sale is a special event in which participants can purchase AVRK tokens with cryptocurrency. The tokens can then be used to access the Avorak platform and take advantage of its features.
The token sale is open to anyone who wants to participate and is very easy to do. All you need to do is register an account on the Avorak website, submit your payment details, and transfer the funds to the designated address. Once the token sale is complete, the AVRK tokens will be transferred to your Avorak account.
Advantages of Obtaining AVRK Tokens Through ICO
The AVRK tokens offer a number of advantages to those who obtain them through our ICO. Here are some of those advantages:
To reward our early investors, AVRK employs a sliding scale of price increases and token bonuses to early holders. Starting at a modest 0.06 per token in stage one, while completing ICO at 0.27, early AVRK buyers will enjoy up to a staggering 350% increase in investment during launch day. Avorak is able to facilitate this exponential growth by providing a deep liquidity pool, the staking opportunity to incentivize holding, limited token supply, and strong tokenomics.
ICO participants are rewarded with a new mechanic Avorak AI calls “Priority Staking”
This mechanic allows holders of ICO-purchased AVRK to have priority over open-market token holders when entering or exiting Avorak’s various staking pools. During launch anyone holding the AVRK token regardless of how it was obtained will have the opportunity to stake within one or more of our non-inflationary pools, however, the key difference lies within the priority given in the event a staking pool is at capacity.
For this example, let’s say “John” has ICO purchased AVRK tokens he would like to stake a few days after the public launch, however “Jane” is currently staking inside a pool that has reached full capacity. “Jane” is holding tokens she has purchased from the open market, while “John” is holding tokens from our ICO. In this event, “Jane” would be removed from the pool, given all AVRK tokens back to her wallet along with any rewards, and then replaced by “John” and his ICO tokens thus giving way to his priority staking. ICO tokens lose priority staking once sold into a liquidity pool but not when transferred to another wallet. Priority Staking is yet another way ICO buyers are incentivized for their early contributions.
Closed Beta Product Access
Avorak AI will perform a wide range of alpha and beta testing before, during, and after our ICO event. These tests are essential to the development of Avorak AI and contribute directly to our goal of becoming the leading blockchain-powered AI platform. To facilitate these tests, Avorak AI will require the assistance of its community to receive feedback, assist “AVA” in deep field learning exercises, and explore user interface controls. These tests are often a very exciting experience for users and developers alike, which is why ICO holders will receive priority when engaging in these exercises. During an upcoming test cycle, ICO holders will have the ability to sign up first, validated by their existing Avorak accounts. If a particular test cycle is unfilled, Avorak will then invite users from the community to participate in the event.
Avorak is committed to rewarding our ICO participants and by offering these benefits along with many more, Avorak looks to build a strong community foundation of AVRK holders. Not only does this benefit our users but also allows Avorak to develop in a supportive environment with participants who have a vested interest in the success of Avorak AI. We feel the data provided by users in this unique position to be invaluable and in return look to provide many exclusivities.
AVRK tokens offer a number of advantages to those who purchase them through an ICO. They are backed by a strong team of professionals, have the potential for growth, provide access to the Avorak platform, and are highly liquid. Furthermore, the tokens are secured with advanced encryption technology. For these reasons, it makes sense to purchase AVRK tokens through an ICO.
So, why wait? Purchase AVRK tokens now and start enjoying the benefits of the Avorak platform!