Akash Network (AKT) currently has a price of ¥471.52 and is down -7.63% over the last 24 hours. The cryptocurrency is ranked 145 with a market cap of ¥116.7B. Over the last 24 hours, it saw ¥1.8B of trading volume. The token has a circulating supply of 247.4M tokens out of a total supply of 248.3M tokens.
Akash Network is a decentralized marketplace for cloud computing that enhances efficiency and reduces costs. It uses a utility token called AKT to incentivize responsible usage and discourage abuse of computational resources. By requiring users to own and pledge AKT tokens, it ensures a stake in the platform's governance and helps stabilize the network.
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