Akash Network AKT
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Score Sentiment Neutral
Fundraising Statistics
$1.09 +1.53%
$0.3505
AKTAkash Network
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Short Review Akash Network
Crypto project Akash Network (AKT) is classified as a Infrastructure. Akash Network is a Utility token that is hosted on the Ethereum Network. The current total supply is 388.54 M (Circulating Supply + Tokens yet to be released - Burned Tokens).
Akash Network (AKT) price during the token sale: 0.3505 USD.
AKT Price Chart
The launch of AKT token trading took place on 21 October, 2020.
Total sold 35.24 M AKT tokens (35.24% of total tokens). Total amount of funds raised by the Akash Network project is $2.80 M.
Akash Network Investors
Akash Network (AKT) cryptocurrency
Akash Network offers cloud computing services and allows users to run their applications on a decentralized basis. Akash Network cloud service providers have gained popularity among various communities and partners, including Chia Network, PKT.cash, Equinix Metal and Lumen.
The company's goal is to improve the functionality and reliability of cloud computing while providing an alternative to traditional cloud providers such as Amazon. Akash Network is unique compared to other cryptocurrencies as it is the world's first and only decentralized cloud computing marketplace. It leverages underutilized cloud capacity in millions of data centers around the world, allowing any data center and individual with a computer to become a cloud service provider. This creates a safe and convenient market for unused computing cycles. Additionally, Akash runs on a blockchain where validators vote on proposals, and the weight of each proposal is determined by the strength of the proposer's vote, which is influenced by their staked tokens and the tokens tied to them. This governance model is proven by other open source and blockchain projects, making Akash a community-governed network.
