Ripple Founders Reportedly Earned More than $600M

The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple’s exec has been going on for a long time. The SEC accused Ripple Labs and its executives of issuing and offering XRP as an unregistered security. Ripple Labs has long denied that the digital asset issued to crypto-savvy investors is not a security and, thus, should not be labelled as one by the SEC.

According to the complaint forwarded to the judge by the SEC representatives, Larsen and Garlinghouse also executed individual XRP sales worth more than $600 million. Whether this is true or false is still to be determined; however, AI algorithms such as Avorka can help. 

XRP Price

XRP is a digital asset established by David Schwartz, Arthur Britto, and Jed McCaleb. These crypto pioneers integrated the token on the XRP ledger to develop a blockchain superior to that of Bitcoin regarding energy conservation and transaction speeds. After its launch, Ripple’s price struggled to move following its reduced demands among investors. The lawsuit filed by the SEC made things even more difficult for the project, and as a result, the developers are yet to unlock the full power of XRP.

In one of the court filings published by the SEC, Larsen and Garlinghouse are labelled as suspects who reportedly earned more than $600 million. While this has not yet been proven, AI has the potential to solve this and other similar issues arising in the crypto ecosphere.

What is AI Crypto?

The growth and development of artificial intelligence have been evident in recent months since the launch of ChatGPT. This fairly new technological advancement has also found its way into the crypto ecosphere with the development of a new class of cryptocurrency projects called AI Crypto. AI crypto projects like Avorak are proving their potential to change the paradigm of traditional crypto projects such as XRP. 

With the ongoing SEC-Ripple case, a new challenge stands out. Ripple Labs execs are accused of having earned more than $600 Million. Due to the decentralized nature of blockchain technology, it is difficult to trace such market activity in real-time. AI Algorithms, however, show a potential solution. 

Avorak AI Algorithm Analytics Are What the World Needs

With the onset of AI growth, investors cannot afford to lie behind and bury their heads in the sand. Avorak AI is bringing new reforms in the crypto arena by integrating AI and blockchain technology. Avorak is currently in its 8th ICO phase. AVRK is the platform’s native token that investors can buy during this ICO phase. Each token is selling for $0.27. Moreover, investors who purchase the token during this phase are eligible for a 3% bonus on all purchases made.

ARVK token holders have immense advantages. First, these holders will be eligible for 49% of the ecosystem’s total revenue. Secondly, 2% of the revenue will be used to buy and burn AVRK tokens, a feature which, over time, reduced the total supply of the tokens and subsequently increased its demand. Holders, therefore, enjoy capital gains at their comfort as the token’s price increases with the increasing demand.

In addition, the platform has an inbuilt AI-powered text-generating tool called Avorak Write. This tool is a one-of-a-kind tool that disseminates plagiarism from its generated content contrary to what is portrayed by other text-generating software.

In the ongoing ICO phase, the Avorak team has launched a bonus feature that allows investors to earn from their purchases without staking their AVRK tokens. The bonus will only be available to AVRK purchases above $250. Those below this figure will only get the 3% eligible for purchases made during this phase. Once a participant has made their purchase, they must contact Avorak through their official website live chat, Telegram, or Discord to claim their bonuses.

Find out more:

Website: https://avorak.ai

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