What is AKT

Learned by 2.4k usersPublished on 2024.03.29Last updated on 2025.01.26

1.26

-0.89%

  • Last Price1.26
  • Turnover (24h)4.16M
  • All-Time High8.07
  • Total Supply388.53M
  • Fully Diluted Market Cap490.21M
  • Ranking216
  • Market Cap143.65M
  • All-Time Low0.16
  • Circulating Supply113.86M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. Project Introduction
Akash Network (AKT) is a decentralized cloud computing marketplace designed to make cloud services more accessible and cost-effective. Built on a blockchain platform, it enables users to rent out unused computing resources or purchase them at competitive prices. This model promotes efficient global resource utilization, reducing waste and costs for providers and consumers. Founded in 2015, Akash launched its mainnet within the Cosmos ecosystem in 2020 and expanded to support GPU cloud services in August 2023.
Summary: As a leader in decentralized computing, Akash Network leverages its strengths in resource allocation, utilization, and ecosystem development to maintain a competitive edge. Its focus on user-friendliness and platform accessibility continues to attract developers and users alike, reinforcing its position in the decentralized cloud market.
2. Team & Investment Info
Team:
Greg Osuri, Founder & CEO: Known for creating open-source tools with over 25 million downloads, Greg has been ranked as a top 20 programmer globally.
Anil Murty, VP: Holds a master’s degree in Electrical Engineering from the University of Southern California.
Adam Wozney, Community Lead: Former Director of Community at ConsenSys, focusing on decentralized futures.
Funding:
Raised $2M from investors including GenBlock Capital, D1 Ventures, and AGE Fund.
3. Social Media URLs
X: https://x.com/akashnet_
Telegram: https://t.me/akashnw
Discord: https://discord.com/invite/akash
4. Token Info
Token Symbol: AKT
Total Supply: Initial: 100,000,000, Max: 388,539,008, Current: 248,285,801
Token Type: Cosmos
Issuance/Burn Mechanism: Inflation Rate: ~13% annually
Contract Address: ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4
Token Distribution:
Investors: 34.5%
Team & Advisors: 27%
Treasury & Foundation: 19.7%
Ecosystem Rewards & Grants: 8%
Testnet: 5%
Marketing & PR: 4%
Public Sale: 1.8%
5. Related Links
Official Website: https://akash.network/
GitHub: https://github.com/akash-network
Other Info: https://docs.akash.network/

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How to Buy AKT

Welcome to HTX.com! We've made purchasing Akash Network (AKT) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Akash Network (AKT) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Akash Network (AKT)After purchasing your Akash Network (AKT), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Akash Network (AKT)Easily trade Akash Network (AKT) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

692 Total ViewsPublished 2024.03.29Updated 2025.03.21

What is AKT

1. Project IntroductionAkash Network (AKT) is a decentralized cloud computing marketplace designed to make cloud services more accessible and cost-effective. Built on a blockchain platform, it enables users to rent out unused computing resources or purchase them at competitive prices. This model promotes efficient global resource utilization, reducing waste and costs for providers and consumers. Founded in 2015, Akash launched its mainnet within the Cosmos ecosystem in 2020 and expanded to support GPU cloud services in August 2023.Summary: As a leader in decentralized computing, Akash Network leverages its strengths in resource allocation, utilization, and ecosystem development to maintain a competitive edge. Its focus on user-friendliness and platform accessibility continues to attract developers and users alike, reinforcing its position in the decentralized cloud market.2. Team & Investment InfoTeam:Greg Osuri, Founder & CEO: Known for creating open-source tools with over 25 million downloads, Greg has been ranked as a top 20 programmer globally.Anil Murty, VP: Holds a master’s degree in Electrical Engineering from the University of Southern California.Adam Wozney, Community Lead: Former Director of Community at ConsenSys, focusing on decentralized futures.Funding: Raised $2M from investors including GenBlock Capital, D1 Ventures, and AGE Fund.3. Social Media URLsX: https://x.com/akashnet_Telegram: https://t.me/akashnwDiscord: https://discord.com/invite/akash4. Token InfoToken Symbol: AKTTotal Supply: Initial: 100,000,000, Max: 388,539,008, Current: 248,285,801Token Type: CosmosIssuance/Burn Mechanism: Inflation Rate: ~13% annuallyContract Address: ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4Token Distribution: Investors: 34.5%Team & Advisors: 27%Treasury & Foundation: 19.7%Ecosystem Rewards & Grants: 8%Testnet: 5%Marketing & PR: 4%Public Sale: 1.8% 5. Related LinksOfficial Website: https://akash.network/GitHub: https://github.com/akash-networkOther Info: https://docs.akash.network/

2.4k Total ViewsPublished 2024.03.29Updated 2025.01.26

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