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Akash Network AKT Logo
Akash Network AKT
$1.36 2.44%
OG Score 53.80
Reviews 4
Akash Network AKT Logo Akash Network AKT Price
$1.36 2.44%
Low All Time High
$0.164994 $8.07
About Akash Network

Akash Network revolutionizes cloud computing with ownership, decentralized marketplace, and blockchain-backed security. More

OG Score 53.80
Reviews 4
Market Cap $373.78M
Market Cap Rank # 217
Token Stats
Fully Diluted Valuation $374.39M
24H Trading Volume $13.65M
24H Low / High $1.33 / $ 1.39
Circulating Supply 274.28 M
Total Supply 274.73 M
Max Supply 388.54 M
Info
Categories Artificial Intelligence (AI) 6 more
Founder Greg Osuri 2 more
Website akash.network
Socials 5 more
Chains Osmosis Ecosystem 2 more
Explorer Ping 4 more
Contracts Akash Network ibc/1....43EF4 2 more
AKT/USD Price Chart
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OG Evaluation

OG Score
OG Score Rank #58
Reviews 4
Gem Score 11.18
Innovation 55 .83
Innovation Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is there clear information about the product/service? Is it as good as advertised? How about the growth potential?
Security 53 .95
Security How robust is this network/contract and are there up-to-date technical audit reports? Has the network/contract been halted previously? Have there been any serious hacks or exploits?
Community 52 .80
Community Does the team actively prioritize community input and leverage on-chain voting for decision-making? Is decision-making equitable, or do the whales have undue influence? Are social media and marketing strategies effective and sustainable? Is their social media presence organic, or are manipulated by bots? Do they provide effective user support? Any airdrop for the community?
Tokenomics 48 .70
Tokenomics Does the token have strong and diverse use cases? Are there clear incentives or revenue sharing mechanisms for token holders? Is the token's inflation rate and vesting schedule well-balanced? How much of the supply is controlled by the team or whales? Is the TVL (Total Value Locked) or staked value proportionate to the market cap? Is there adequate liquidity across DEX and CEX pairs?
Team 57 .98
Team Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?
Roadmap 53 .55
Roadmap Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?

OG Reviews

Markets

Name Pair OG Score

About Project

What is Akash Network (AKT)?

Akash Network, established in 2020, emerges as a groundbreaking force reshaping the landscape of cloud computing. Functioning as an open-source, decentralized "Supercloud," Akash fundamentally alters the traditional cloud services model. At its core, this network empowers users to not just access but truly own their cloud infrastructure, offering a level of control and flexibility unparalleled in conventional cloud systems.

Fueling this paradigm shift is Akash's utilization of cutting-edge technologies like Kubernetes and Cosmos, establishing a robust and dependable foundation for its operations. The platform's hallmark feature is its "reverse auction" system, enabling users to buy and sell computing resources lower than other cloud systems. This decentralized marketplace, facilitated by blockchain technology, democratizes access to essential cloud resources, driving unparalleled speed, efficiency, and affordability.

One of Akash's defining strengths lies in its programming language SDL, an intuitive YAML-based orchestration layer allowing seamless creation of intricate deployments across multiple areas and providers. Moreover, its integration with Kubernetes ensures a secure and reliable hosting environment, while innovative features like limitless storage, dedicated IP leasing, and censorship-resistant deployment solidify Akash's position as a game-changer in cloud computing. Notably, Akash's pseudonymous and non-attributable protocol ensures a high level of privacy and security, enabling anonymous application deployment without compromising identity.

Furthermore, as a layer one protocol built on Cosmos SDK, Akash operates on a Proof-of-Stake consensus model, securing its network through AKT, its native token. Its interoperability via Inter-Blockchain Communication (IBC) transactions with Cosmos Hub marks a significant stride, facilitating seamless communication with other IBC-compatible blockchains.

What is unique about Akash Network (AKT)?

Akash Network stands out for its decentralized "Supercloud" concept, empowering users to own their cloud infrastructure via a groundbreaking "reverse auction" system, offering computing resources at significantly lower prices compared to conventional cloud systems. It integrates blockchain technology for a secure, censorship-resistant, and private cloud deployment, solidifying its innovation in the cloud computing landscape.

Who are the founders of Akash Network (AKT)?

Akash Network was founded by Greg Osuri, known for his vision in revolutionizing cloud infrastructure, along with Adam Bozanich and David Thatcher.

Who are the backers/investors of Akash Network (AKT)?

Akash Network has received backing from notable investors like Arrington Capital, 1confirmation, and Binance, among others, supporting its mission to redefine cloud computing.

What is the consensus mechanism of Akash Network (AKT)?

Akash Network operates on a Proof-of-Stake (PoS) consensus mechanism secured by its native token, AKT, enabling efficient validation of its decentralized network of validators.

Where can I buy Akash Network (AKT)?

You can buy Akash Network (AKT) on Coinbase, Kraken, Gate.io, Crypto.comHTX cryptocurrency exchanges.

What are Akash Network (AKT) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Akash Network AKT. To access these ratings, evaluations, and comments, click here.

How to mine Akash Network (AKT)? How can I stake Akash Network (AKT)?

AKT is not mineable. Akash Network relies on a Proof-of-Stake consensus mechanism for securing its network rather than a mineable protocol.

There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Akash Network (AKT)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Akash Network (AKT) is ($274,277,238), max supply of Akash Network  AKT is ($388,539,008) and the market cap of Akash Network  AKT is ($373,776,621)

What is the Akash Network (AKT) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Akash Network (AKT)?

The current market price of Akash Network (AKT) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Akash Network (AKT) a good investment?

It is important to do comprehensive research before deciding whether Akash Network (AKT) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Akash Network AKT) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Akash Network (AKT) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Akash Network (AKT) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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