Akash Network: Where to buy Akash Coin? & AKT Price Predictions

Today, we are here to guide you about Akash Network. AKT (Akash Network Coin) is gaining prominence among other cryptocurrencies and stabilizing its worth. If you wish to know all about Akash Network then read the blog to get answers. Get a quick look at what is about to come!

  • What is Akash Network?
  • What is the purpose of Akash Network?
  • Why should I go for Akash Network?
  • Major features of Akash Network.
  • What is Akash (AKT)?
  • How to stake Akash token?
  • What is Akash Mainnet?

Since you are now eager to know then let’s roll!

What is Akash Network?

Akash Network is unique and one of its kind as it is the first decentralized open-source cloud network. This network is a decentralized cloud computing space that runs with the help of people who allow their system’s capacity to it.

The founders of the network Greg Osuri (CEO) and Adam Bozanich (CTO) named the system ‘Akash’ because it means ‘open space or sky’ in Sanskrit which is just like their design and vision. There are several benefits of choosing Akash Network over others as it is easily accessible and secured.

What is the purpose of Akash Network?

As the Akash team claims that there has always been a need for a system that would be more transparent for the consumers rather than the ones that existed in the market. Due to this Akash has been prominent as it has resolved all the previous issues and initiated new dimensions as DeFi. Here are some of the important things that you need to know about Akash Network.

  • The peer-to-peer protocol distributes the work and storage among various nodes that are supplied.
  • Akash System is based on the latest Decentralized Cloud Standards and includes SDL and client APIs standards.
  • Most of the Akash network consumers belong to blockchains, SaaS companies, and machine learning enterprises and so the networks makes sure the system never fails.
  • The interoperable network has a proof of stake blockchain that contains multi-languages and allows sovereignty to its users.
  • Datacenters bid for orders and the lowest bids are preferred as tenants.

How to Buy Akash Network coin (AKT)?

Unfortunately, there are not much exchanges that you can find Akash network at the moment. But this is not bad for you as an investor. Why? It means AKT has a huge room to grow and when it’s listed on exchanges like Binance and Coinbase, price should go up and up, let’s say; to the moon.

The best exchange to buy Akash Coin is Ascendex at the moment. You can easily register via the link below (completely Free) to get your AKT right now before it gets listed on big exchanges. You can use Ascendex from your computer, tablet or smartphone. They also have an app for Android and Apple devices.

– Click here to open an Ascendex Exchange Account –

Why should I go for Akash Network?

You must be contemplating that why should you consider using Akash Network? The question is quite valid and it answers that Akash is the best. The three major Cloud Service Providers (CSPs) that Microsoft Azure, Amazon AWS, and Google Cloud. These cloud computing options are way more costly and aren’t very user-friendly.

Akash network has emerged as a new alternative to cloud computing which is lower in cost and its efficient system allows impeccable services to its clients. The reason for Akash’s success is behind the plan of using underutilized space in systems of people.

Major features of Akash Network

Growth Policies:

The rise in AKT token’s value is used in an effective way as a specific percentage of them is used in Subsidy Pool. Moreover, this also helps Akash system to grow and the token holders also get some share from it.

Transparent Mechanism:

In other cloud computing networks, the complexity of systems, multiple charges and cost rates are some of the problems. Whereas, Akash system is more transparent and the cost of service is much lower than others.

Akash Nodes:

It is quite interesting that anyone can become a part of Akash network in various ways. Whether you allow the free space in your computer in exchange for AKTs, become a validator of the system, or you easily make a good amount of money just by investing in Akash in the form of AKT tokens.

Akash Supermini:

Supermini is an amazing super computer that has been launched by Akash. It is a portable and smart machine that would help you earn money just by keeping it as it provides compute space.

What is Akash Coin (AKT)?

The major reason for Akash AKT tokens is to provide stability and security. The AKTs perform different roles in the Akash system as they can be employed for transactions and rewards in the network. You can easily change any of the cryptocurrencies in AKT.

The company stakes AKT to power the network and according to ‘CoinMarketCap’ its current total circulation is around 44,671,761 AKT coins with a market cap of 313,890,870 USD. On the other hand, the bids also depend upon the number of tokens that are staked. Likewise, the rewards are granted depending on the number of tokens you stake and time. Lastly, maximum supply is set to 388,539,008 AKT according to Coinmarketcap. We have a feeling that AKT has a great potential as Filecoin (FIL) which is a quite similar project.

How to stake Akash token?

How to stake Akash Network AKT

It would be quite easier for you if you stake your Akash AKT tokens via Keplr and Cosmostation Wallets. Keplr is a reputed and big name in the world of cryptos and is on its way to leave everyone behind. Did you know? Keplr is the first decentralized wallet for cryptocurrencies, and all you need to do is download a Keplr extension and in the drop-down menu click on Akash and then on staking. Within a few clicks, you can use your AKTs without any issue.

If you are thinking to go for Cosmostation wallet then this is not a bad idea at all! Cosmostation is accessible from Android and iOS; whereas, also allows governance to its validators because it is a decentralized mobile wallet. First, delegate the AKTs in it, then choose a validator. Next, it would ask simple questions like quantity and time, and with all this completed your work is done. Current APR values are more than 50% which is incredible in our opinion.

What is Akash Mainnet? & AKT Price Predictions

Akash Mainnet 1 brought big changes as brought more governance protocols, staking, validating, and governance proposals. However, this has become past because Akash has launched its Mainnet 2 in 2021 with successful results. This software update has more capacity and capability that is working faster and better than ever.

The Mainnet 2 constitutes of a system that manages DEX i.e. managing which order should be granted to which provider. Moreover, all the operations are managed more easily; whereas, the facility to applications in the DeCloud has also become a part of the network.

AKT is currently valued between 6 to 8 USD range. According to Wallet Investor; AKTis an awesome long-term (1+ year) investment. Their price prediction is $19.038.

Akash Network has proved itself, but if you are thinking to become a part of it, do not forget to make your own due diligence as always!