Binance Retaliation To SEC Claims Brings BNB Volatility That Avorak Thrives On
The post Binance Retaliation To SEC Claims Brings BNB Volatility That Avorak Thrives On appeared first on Coinpedia Fintech News
The crypto market is highly characterized by high volatility originating from increased emotions. The market is considered “high risk” by regulators due to its nature of decentralization and its workability that impairs regulatory scrutiny. The catastrophic fall of FTX lured the SEC into the space, which has tormented centralized crypto-oriented entities with the term “securities.” Some of these cases have gone on for years, while others are just getting started. Binance is the recent entity to face regulatory pressure from the US Securities and Exchange Commission. This has sparked volatility that could easily be capitalized by an upcoming crypto project called Avorak AI.
Binance and SEC Legally Go to War
Binance has recently made headlines in the crypto ecology following a case initiated by the US SEC. The financial watchdog accused BinanceUS (a Binance subsidiary that operated within the US jurisdiction) alongside Binance CEO Changpeng Zhao (CZ) of violating several regulations. The SEC claims that Binance and CZ mishandled depositors’ funds, gave misleading information to investors, dodged regulators, and infringed securities rules.
The news broke out and caught the attention of many crypto enthusiasts sparking a wave of fear and panic. As a result, BNB’s volatility increased significantly as traders, investors, and institutions reacted. Investors could take advantage of the volatility depicted on this account through AI-powered tools developed by projects like Avorak.
Avorak Thrives in Volatility
The crypto market is highly volatile. A lot can happen quickly, leading to massive gains or catastrophic losses for investors. The best way to counter the uncertainty is by employing artificial intelligence, which is a rational way of maneuvering the market.
Avorak devs are working on developing a highly advanced trading tool called Avorak Trade. This software tool will utilize a single command line input to execute trades for small-scale and large-scale traders. This will allow the traders to sufficiently verify the commands before they are executed and thus eliminate human error. This feature will allow investors to take advantage of the price swings and volatility in crypto prices like the one BNB is facing with Binance-SEC controversies.
Avorak AI is a verified project that has successfully passed comprehensive audits by industry-leading audit platforms CyberScope and SolidProof. The project is currently on presale, where enterprising individuals who wish to become part of the community can purchase each AVRK token at a discounted price of $0.27. Moreover, the developers have also initiated a bonus feature that awards all buyers a 3% bonus on all orders.
Avorak Labs has minted a total of 40 million AVRK tokens. Once the project goes live, 49% of all the revenue generated by the platform will be distributed to Avorak holders. Another 49% will be channelled back to Avorak to grow the ecosystem, improve Avorak’s infrastructure and invest in future projects within the ecology. The remaining 2% will be burnt and permanently removed from circulation. This is the deflationary feature of Avorak AI. The burning mechanism will reduce the overall supply of AVRK and thus cause an increase in demand.
Learn more about Avorak AI on:
Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register
Filed under: Bitcoin - @ June 27, 2023 11:26 am