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 and take rates.
Value Exchange
AKT provides a default mechanism to store and exchange value. AKT is the only way to purchase compute on the network. Traditional payments such as credit card transactions are converted to AKT to access compute resources.
Ecosystem Tools
AKT is available on the following exchanges.