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.
On this page
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:
Wallets
Explorers
Token Metrics
As of Thu Sep 21 14:40:58 UTC, the following are the AKT metrics, as reported by Coingecko.
218,702,434
Circulating Supply
218,702,136
Total Supply
388,539,008
Maximum Supply
0.8575 USD
Price
187,596,148 USD
Market Cap
1,178,856 USD
24h Trading Volume
388,539,008
Maximum Supply
218,702,434
Circulating Supply
0.8575
Price
218,702,136
Total Supply
187,596,148
Market Cap
1,178,856
24h Trading Volume
Buying AKT
AKT is available on the following exchanges:
| Centralized | Decentralized |
|---|---|
FAQs
What is the maximum and circulating supply of AKT?
What is the unlock schedule for the AKT token?