Akash Network (AKT) currently has a price of $1.86 and is up 6.98% over the last 24 hours. The cryptocurrency is ranked 126 with a market cap of $416.1M. Over the last 24 hours, it saw $4.9M of trading volume. The token has a circulating supply of 222.5M tokens out of a total supply of 222.5M 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.
Disclaimer: The content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.