The AKT Token

Akash Network Token (AKT) is the native utility token of Akash Network. AKT is used as the primary means to govern the network, 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 is used to incentivize providers to offer lower prices, and incentivizes stakers to participate in the network longer term by staking.


The AKT Token

Akash Network Token (AKT) is the native utility token of Akash Network. AKT is used as the primary means to govern the network, 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 is used to incentivize providers to offer lower prices and incentivizes stakers to participate in the network longer term by staking.


AKT 2.0

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.


Ecosystem Tools

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

Token Metrics

As of Wed Sep 20 14:46:21 UTC, the following are the AKT metrics, as reported by Coingecko.

218,653,239

Circulating Supply

218,653,683

Total Supply

388,539,008

Maximum Supply

0.8510 USD

Price

186,606,836 USD

Market Cap

1,045,988 USD

24h Trading Volume

388,539,008

Maximum Supply

218,653,239

Circulating Supply

0.8510

Price

218,653,683

Total Supply

186,606,836

Market Cap

1,045,988

24h Trading Volume


Buying AKT

AKT is available on the following exchanges:

FAQs


What is the maximum and circulating supply of AKT?


What is the unlock schedule for the AKT token?