What is the Akash token?

The AKT Token? – A Full Overview Akash Token is a utility token powering the world’s first decentralized cloud for DeFi and high growth organizations. In today’s overview, we will take a close look at what is the Akash Network , what is its structure , its goals and why you might be interested.

What is Akash (Akt)?

AKT is the native token of the Akash blockchain. The token secures the network through staking and facilitates lease settlements in the Akash marketplace. Leases can also be settled with a number of whitelisted tokens, including Bitcoin (BTC).

What is Akash network?

Akash Network is a sovereign proof-of-stake chain built on Cosmos Hub, 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.

How many Akash network coins are there?

It has a circulating supply of 170 Million AKT coins and a total supply of 198 Million. If you are looking to buy or sell Akash Network, Crypto.com Exchange is currently the most active exchange. What was the highest price for Akash Network? Akash Network hit an all time high of $8.07 on Apr 06, 2021 (over 1 year).