What is the Cosmos Ecosystem?
The Cosmos Ecosystem is a decentralized platform designed to enable the development of distributed applications. The blockchain is the backbone of the Cosmos Ecosystem, providing an effective and secure way for developers to create distributed decentralized apps (dApps). The Cosmos Hub is the main network, which allows developers to build distributed applications on the network. Finally, the Cosmos SDK is a suite of tools and libraries developed to facilitate the development of distributed applications in the Cosmos Ecosystem.
Challenges Facing the Cosmos Ecosystem
Despite the potential of the Cosmos Ecosystem to revolutionize the development of distributed applications, there are a number of challenges facing the project. One of the main challenges facing the Cosmos Ecosystem is the lack of widespread adoption. The Cosmos Network is still relatively new, and the ecosystem is still in its early stages of development. This lack of widespread adoption means that the network is still relatively small, which can make it difficult for developers to find users for their applications.
Additionally, there is still a lack of understanding of how the network works. This can make it difficult for developers to understand how to use the network and develop applications on it. Additionally, there is still a lack of education and awareness of the Cosmos Ecosystem and how it works, which can make it difficult for developers to understand and use the network.
What is Avorak?
Avorak is a new project about to begin its first funding round, dedicated to creating machine learning and artificial intelligence systems encompassing creative, financial, and general assistance.
As the AI industry begins to become noticed, with the likes of OpenAI being a retail-friendly concept that demonstrates how AI will become the future, new companies and projects that are coming out of the woodwork are likely set to go on a wild ride of adoption.
How Much Profit Can Avorak Make Investors?
With the roadmap stated, Avorak is set to be useful in many situations, and with each use comes a way of generating revenue. An automated trading system that notices and works on indicators to allow for automated trading will take a small percentage as a fee for this service. Image generation will require the AVRK token as credits, the same for the writing system. This revenue is then split, with 2% being burned forever, 49% going back to AVRK holders, and 49% going to further development and running costs. With such recognition towards those buying the AVRK token with the revenue feedback system, it is highly likely that the AVRK token will see significant demand in its first year after its inception.
Cosmos has a good model for its continued work in blockchain, which will continue to create demand for its services and the ATOM token. It is unlikely that the future profits from holding ATOM could outpace that of AVRK, considering the much lower market cap in comparison and the unbuilt deflationary effect that increases as revenue does.
Want to learn more about Avorak AI?
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
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.
Image Source: skorzewiak/123RF // Image Effects by Colorcinch
