What is AKT

1. Project Introduction
Akash Network (AKT) is a decentralized cloud computing marketplace designed to make cloud services more accessible and cost-effective. Built on a blockchain platform, it enables users to rent out unused computing resources or purchase them at competitive prices. This model promotes efficient global resource utilization, reducing waste and costs for providers and consumers. Founded in 2015, Akash launched its mainnet within the Cosmos ecosystem in 2020 and expanded to support GPU cloud services in August 2023.
Summary: As a leader in decentralized computing, Akash Network leverages its strengths in resource allocation, utilization, and ecosystem development to maintain a competitive edge. Its focus on user-friendliness and platform accessibility continues to attract developers and users alike, reinforcing its position in the decentralized cloud market.
2. Team & Investment Info
Team:
Greg Osuri, Founder & CEO: Known for creating open-source tools with over 25 million downloads, Greg has been ranked as a top 20 programmer globally.
Anil Murty, VP: Holds a master’s degree in Electrical Engineering from the University of Southern California.
Adam Wozney, Community Lead: Former Director of Community at ConsenSys, focusing on decentralized futures.
Funding:
Raised $2M from investors including GenBlock Capital, D1 Ventures, and AGE Fund.
3. Social Media URLs
X: https://x.com/akashnet_
Telegram: https://t.me/akashnw
Discord: https://discord.com/invite/akash
4. Token Info
Token Symbol: AKT
Total Supply: Initial: 100,000,000, Max: 388,539,008, Current: 248,285,801
Token Type: Cosmos
Issuance/Burn Mechanism: Inflation Rate: ~13% annually
Contract Address: ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4
Token Distribution:
Investors: 34.5%
Team & Advisors: 27%
Treasury & Foundation: 19.7%
Ecosystem Rewards & Grants: 8%
Testnet: 5%
Marketing & PR: 4%
Public Sale: 1.8%
5. Related Links
Official Website: https://akash.network/
GitHub: https://github.com/akash-network
Other Info: https://docs.akash.network/