Tether, issuer of USDT, to mine Bitcoin in Uruguay. Avorak’s proof-of-learning may also be on their radar

Crypto watchers suggest it’s a good time to be a Bitcoin miner, owing to the recent news of Tether’s efforts to mine Bitcoin in Uruguay. They also suggest that Avorak’s proof-of-learning may be on the radar.

Tether mining Bitcoin (BTC) in Uruguay

Tether is the issuer of the largest stablecoin by market cap, USDT. In May, Tether announced intentions to diversify its treasury management strategy by allocating part of its net profits to Bitcoin (BTC) investments. Tether also recently revealed plans to channel its resources toward renewable energy production for Bitcoin mining, acknowledging its energy-intensive nature, which relies on a network of computers to authenticate transactions and generate new coins. This commitment reflects Tether’s dedication to sustainability and aligns with its vision of fostering a more environmentally friendly cryptocurrency ecosystem. Tether has taken proactive steps to assemble a specialized workforce for its cryptocurrency mining operations, specifically seeking USDT miners, electricians, technicians, site managers, and other key personnel. This new foray into Bitcoin mining in Uruguay further underscores Tether’s determination to embrace innovation and explore opportunities within the evolving digital landscape.

What is Avorak?

Avorak is an AI Crypto project in its initial coin offering (ICO). The platform seeks to help individuals and businesses scale their operations by providing an interactive AI with a comprehensive set of efficient, easy-to-use, and user-defined first-to-market solutions.

One of the famous Avorak products is Avorak Trade. This AI trading bot is different from many trading bots and APIs in that it can automate trades on multiple exchanges and assets. The Avorak Trade bot also uses a simple command-line input programmed with a standard script like, “In my Kraken spot account, when BTC reaches $26,000, buy 1.2 BTC.” Traders and investors can also use Avorak Trade’s indicators and price predictions to make more informed decisions.

Credits of the Avorak (AVRK) token are required to access its AI services. AVRK holders are entitled to a share of the revenue made by Avorak AI, and they can increase their hold through the project’s staking pools. AVRK is a deflationary BEP-20 token with a maximum supply of 40 million. The token is currently selling at $0.255 in phase 7 of the ICO. Investors in this second-to-last phase get a 4% bonus and other ICO benefits, including priority in Avorak’s staking pools.

What is Proof-of-Learning (PoL)?

Avorak has been referred to as the first AI built for the blockchain. And while it is currently built on the BNB Smart Chain, the machine learning program aims to move into a decentralized state, functioning as its own blockchain. At the heart of this transformation lies the novel Proof-of-Learning (PoL) mechanism, which leverages machine learning capabilities to validate transactions and secure the network. AVRX tokens will be used as a gas token for Avorak Network, further adding to their use case. By combining artificial intelligence and blockchain technology, Avorak’s Proof-of-Learning paves the way for new possibilities and represents an exciting development in the ever-evolving landscape of decentralized systems.

This is why many analysts claim that the Avorak AI ICO represents a potentially lucrative investment.

For more information on Avorak AI:

Website: https://avorak.ai
Buy AVRK: https://invest.avorak.ai/register


Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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