The Currency of the Supercloud
The AKT Token
Akash Network Token (AKT) is the native utility token of the 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 Its Used
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 yield for stakers, in exchange for securing 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 (BME removes take-rates on lease settlements).
Value Exchange
AKT provides a default mechanism to store and exchange value. Compute is funded with ACT (USD-pegged credit), which is minted by burning AKT or via credit card; providers are paid in ACT. When the circuit breaker is in effect, you can top up with AKT to keep deployments running.
Ecosystem Tools
AKT is available on the following exchanges.