MATIC and SOL delisted from Robinhood, Avorak solidifies their BNB Smart Chain choice

The recent delisting of MATIC and SOL from Robinhood has sent ripples through the crypto community. However, amidst this development, Avorak, a key player in the industry, remains steadfast in its choice of the BNB Smart Chain.

MATIC and SOL on Robinhood

Robinhood, a cryptocurrency exchange, recently announced the trading of MATIC and SOL, stating that these two digital assets will no longer be supported on their platform starting June 27. According to the announcement, any customers holding MATIC and SOL in their Robinhood accounts after the deadline will have their assets automatically sold on the market. However, users can buy, sell, hold, and transfer these assets until the deadline. It is important to note that buying or transferring these crypto assets is only available in some states. 

While the announcement does not explicitly state the reason behind this move, it is widely speculated that Robinhood’s decision is a response to the recent SEC lawsuits against major cryptocurrency exchanges Binance and Coinbase. The SEC complaints referred to the targeted crypto assets as unregistered securities, which likely influenced Robinhood’s delisting decision. On-chain data suggests that the prices of MATIC and SOL will experience a significant decline for at least three weeks due to this delisting.

What is Avorak?

Avorak is an innovative platform that aims to provide an all-in-one AI solution through the blockchain. The platform’s comprehensive solutions include customer service, trading, data analysis, security, 3D modeling, online shopping, architecture, and many other fields. 

Avorak’s solutions are first-to-market. For example, the platform’s text generator uses a combination of mechanisms, including plagiarism-detection APIs, a prewritten language bank, and internet scraping. This ensures that the texts generated are high quality and not plagiarized or repetitive.

Avorak Write

The platform’s native token, AVRK, will be required to access its services. AVRK is selling at $0.255 with a 4% bonus and several other advantages on phase 7 of Avorak’s initial coin offering (ICO). This is the second-last phase, and analysts are optimistic about the prospects of the project post-launch.

Why Avorak is built on the BNB Smart Chain?

Avorak strategically decided to build its infrastructure on the BNB Smart Chain, and there are several compelling reasons behind this choice. The blockchain can maintain low transaction fees even during periods of high network traffic, offering an excellent finality time/cost ratio. The BNB Smart Chain boasts nearly four times the number of active addresses on Ethereum and has high liquidity, evidenced by its substantial total value locked (TVL). 

This demonstrates a robust and thriving ecosystem with a multitude of participants. Avorak recognizes the value of being part of such a healthy ecosystem, as it offers exposure to an extensive customer base. While there are other reasons, Avorak’s decision to launch on the BNB Smart Chain is driven by ease of access, security, and the opportunity to tap into a robust and expansive network.

For more information on Avorak AI:-

Advertisement

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

CryptoNewsZ Staff

CryptoNewsZ has a team of native content writers and editors whose passion is to deliver impactful articles that resonate with a diverse audience. Our unbiased editorial team shares valuable information on the latest “Market Trends”, “Crypto Essentials”, “Trading Edge”, and intriguing opinions - all in one place!

Related Articles

Back to top button