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Akash Network (AKT)

Akash Network (AKT)

akash network
Akash Network is a sovereign proof-of-stake chain built with Cosmos SDK, that leverages Akash Token (AKT), a native utility token, as the primary means to govern, secure the blockchain, and provide a default mechanism to store and exchange value.

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AKT will act as the reserve currency in Akash’s multi-currency and multi-chain ecosystem, while ensuring economic security of the platform’s public blockchain by means of Staking.

They are implementing a phased rollout to enable Akash’s Tokenomics Model. To properly compensate cloud providers on the network, they will first stabilize the staking set to establish economic value for AKT with the launch of Mainnet 1.

After this initial phase of network bootstrapping is complete, they’ll begin work on the Akash Economic model, which will incentivize providers to offer lower prices, and incentivizes stakers to participate in the network longer term.

				
					
				
			

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