The burning question in crypto circles recently is whether all altcoins are securities. While those listed by SEC as securities file their responses, concerns about the SEC's lack of clarity on regulations are evident as investors are treated to varying responses. On that note, the Avorak AI team finds it prudent to lay bare the facts for clarity and bury the confusion.

What Are Securities?

Cryptocurrencies are unique, far much different than traditional finance, and whether they are securities or commodities calls for a debate. The SEC proposed the Howey Test to determine which offerings qualify as securities. While cryptos pass the "Investment in Money" criterion, and "In a Common Enterprise" criterion to some extent, their classification as securities is less clear under the "Expectation of Profit" and "Efforts of Others" criteria. This uncertainty has led to confusion over which cryptos should be labeled as securities. Some cryptos, like Bitcoin and Ether, have been considered commodities because they were not issued by any particular entity. In addition, their value does not depend on the performance of an underlying company.

What are Altcoins?

Any cryptocurrency other than Bitcoin are alternative coins (altcoins). There are thousands of altcoins, each with its use cases, for example, Avorak AI is a utility altcoin. Altcoins utilize various blockchain technologies with features of speeds, efficiency, and privacy features.Some of the most popular altcoins include Ethereum, Litecoin, Ripple, and Avorak AI. 

Are All Altcoins Securities? A Deep Analysis of Avorak AI

Avorak AI is not a security. Like Ethereum, the largest altcoin, it is sufficiently decentralized and is entering the crypto arena with utility solutions. As such, AVRK is a utility token, that provides goods and services to investors. It provides solutions to blockchains as it is specifically "built for blockchains". As such, Avorak AI tools are not investment contracts or security, but unique use cases. 

Avorak AI provides trade bots, text and image generators, chatbots, etc. These are solutions for blockchains and crypto traders. Avorak Trade is a tool that monitors trading environment 24/7, analyzes voluminous historical information, processes bulk information, and sieves through signals to identify profitable trades. Users can automate their trading through simplified commands.

Another Avorak utility tool revolutionizing other industries is the Avorak Write, a text generation solution deploying advanced features capable of producing error-free text as per the user's preferred style. Avorak Write has gained popularity for its solutions that address the challenges of repeated text and plagiarism.

Avorak AI platform has ensured compliance with its infrastructure through two audits and a NOVOS KYC.     

Avorak's ICO, currently in phase seven, is a sellout, as droves of investors look for this hidden gem. The early investors benefited most when the bonus rates were high during the initial stages. As completion draws close, the Avorak team appreciates investors through on-top bonuses running as per the schedule below:

$250 – $495 = 100% Bonus AVRK

$500 – $1,250 = 200% Bonus AVRK

$1,255 – $6,000 = 300% Bonus AVRK

$6005 – $10,250 = 400% Bonus AVRK

More than $10,300 = 625% Bonus AVRK 

The bonuses apply to new purchases only and investors need submit claims to support within 24 hours, after noting the TXN number and email address used. 

Wrap Up

The regulatory ambiguity surrounding cryptocurrencies makes comprehensive regulations improbable. Advocating for their legal status will continue affecting the adoption and trading of cryptocurrencies. Governments contemplating crypto regulation must grapple with the inherent market risks, including the non-reversibility of blockchain transactions and the potential for scams, hacks, and manipulation, including the volatility of cryptocurrency values. All these are what Avorak AI is streamlining through its utility solutions.

More on Avorak AI here:

Website: https://avorak.ai

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