AKT token
Overview
AKT is the native utility token of the Akash Network, a decentralized cloud computing marketplace. It is used for governance, staking, and paying for compute resources on the network.
Within the DeFi Intel graph, AKT connects to 4 tracked entities, most strongly to Akash Network, Akash Network, Akash Network.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
ISSUES_TOKEN | Akash Network | 95% |
supports_token | Akash Network | 90% |
issued_by | Akash Network | 90% |
deployed_on | Cosmos Hub | 85% |
Frequently asked questions
What is AKT?
AKT is the native token of the Akash Network, used for governance, staking, and as a medium of exchange within the decentralized cloud computing platform.
How does Akash Network work?
Akash Network connects users needing compute resources with providers offering unused capacity, using a blockchain-based marketplace and AKT as the medium of exchange.
What is the purpose of staking AKT?
Staking AKT allows token holders to participate in network security and governance, earning rewards in return.
What is AKT connected to?
In the DeFi Intel knowledge graph, AKT is linked to 4 other tracked entities, most strongly to Akash Network, Akash Network, Akash Network.
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