THE AKT TOKEN
AKT is the utility token powering the world’s first open-source cloud.
What is akt?
Akash Token (AKT) is the platform’s native utility token, used as the primary means to govern, secure the blockchain, incentivize participants, and provide a default mechanism to store and exchange value.
AKT provides a default mechanism to store and exchange value, and acts as a reserve currency in Cosmos' multi-currency and multi-chain ecosystem.
AKT is used to incentivize providers to offer lower prices, and incentivizes stakers to participate in the network longer term by staking.
AKT token holders can vote on network upgrades.