Maly Ly| May 25, 2021| 3 min read
Akash Network’s Akash Token (AKT) Now Listed on Bittrex Global
With its extraordinary growth over the last six months, we’re excited to welcome AKT to our platform. As the most trusted crypto exchange platform known for secure trading and digital wallet infrastructures, we’re proud to partner with Akash Network to make AKT available to our global community of traders.
With the launch of MAINNET 2 in February, Akash Network, also known as the “Airbnb for Cloud Compute,” became the first and only viable decentralized and open-source alternative to centralized cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure, who together control over 74% of the $370 billion cloud computing market.
Since launch, MAINNET 2 has averaged 50 Daily Active Leases (DAL) and grown the number of deployments 17x in just the last 2 months, with a total of 4470 deployments since launch.
As the network has grown, so too has the global demand for access to AKT.
Today, we’re excited to announce that AKT is now listed on Bittrex Global, a top-ranked global exchange, and is available to buy, sell, and trade on the platform.
Powering high-growth industries including blockchain and machine learning, AKT is Akash’s native utility token and is used as the primary means to govern and secure the network, and provide a default mechanism to store and exchange value.
Bittrex Global is the sixth listing for AKT since Initial Exchange Offering (IEO) in October of 2020, and is also available on AscendEX (Bitmax), Gate.io, BitMart, and DigiFinex.
Currently, AKT has ~48% APR staking rewards and ~83% bonding rate.
Our team continues to be focused on expanding liquidity for AKT through decentralized (DEX) and centralized exchanges.
Join our Telegram for the latest news on our efforts to expand AKT liquidity.
AKT Token Listing on Bittrex Global
Key dates and information for the Bittrex Global listing include:
Deposits Open: Monday, May 24th, 2021 10 AM PDT
Trading Starts: Tuesday, May 25th, 2021 10 AM PDT
Trading Pairs: BTC and USDT
Note for BittrexGlobal token holders: When sending $AKT to your Bittrex Exchange Wallet, always remember to include a MEMO for the routing of your AKT or it will be significantly delayed. You can find the MEMO in your Bittrex account when you click on deposit.
Learn More About AKT Token and Akash Network
Visit our AKT Token site to learn more about AKT and find out how you can earn AKT’s ~48% APR staking rewards.
About Akash Network:
Akash Network, the world’s first decentralized and open-source cloud, accelerates deployment, scale, efficiency and price performance for high-growth industries like blockchain and machine learning/AI. Known as the "Airbnb for Cloud Compute”, Akash Network provides a fast, efficient and low-cost application deployment solution. Developers leveraging Akash Network can access cloud computing at up to three times less than the cost of centralized cloud providers like Amazon Web Services, Google Cloud and Microsoft Azure.
Utilizing containerization and open-source technology, Akash Network leverages 85% of underutilized cloud capacity in 8.4 million global data centers, enabling anyone to buy and sell cloud computing. For more information visit: https://akash.network/.
About Bittrex Global:
Bittrex Global has one of the most secure trading platforms and digital wallet infrastructures in the world where customers can access exciting new products. Built on Bittrex’s cutting-edge technology, Bittrex Global provides a high-level experience for professional and novice customers alike.