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.
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.