Feature illustration

The AKT Token

AKT is the native utility token of Akash Network, used as the primary means to govern, secure the blockchain, incentivize participants, and provide a default mechanism to store and exchange value.

How it works

Security

Akash Network is secured by a Proof-of-Stake (PoS) blockchain, and AKT is used to secure the network by staking. Staking AKT provides a passive income stream for stakers, and increases the security of the network.

Governance

Akash Network is community-owned and all aspects of the network are governed by AKT holders. AKT holders can vote on proposals to improve the network and manage critical parameters such as inflation rate and take rates.

Value Exchange

AKT provides a default mechanism to store and exchange value, and acts as a reserve currency in Cosmos’ multi-currency and multi-chain ecosystem.

Incentivization

AKT provides a default mechanism to store and exchange value, and acts as a reserve currency in Cosmos’ multi-currency and multi-chain ecosystem.

Ecosystem Tools

The following tools are available to explore the Akash Network blockchain, stake AKT, and participate in governance.

Token Metrics

As of Sat Jan 7 07:57:36 UTC, the following are the AKT metrics, as reported by Coingecko.

Circulating Supply

214,430,074

Total Supply

214,430,074

Maximum Supply

388,539,008

Price

$ 1

Market Cap

$145,449,546

24h Trading Volume

$2,259,978

AKT 2.0 Features

AKT 2.0 is an ongoing effort to bring new token features and utility to Akash and the AKT token. These features will generate value for the network by funding critical incentive pools that will support network growth and development, a wide range of currency options for lease settlement, and much more.

Feature illustration

The main features of AKT 2.0 are:

  • Take and Make Fees (Live now)
  • Stable Payment and Settlement (Live now)
  • Incentive Distribution Pool
  • Provider Subsidies
  • Public Goods Fund

Read the specification and roadmap for AKT2.0 here, and keep up with the latest developments in sig-economics and GitHub Discussions.

Buying AKT

AKT is available on the following exchanges.

FAQs

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