Akash Network 

AKT Price

What is Akash Network (AKT)?

Akash Network is a decentralized cloud-computing marketplace where providers lease spare compute capacity, including GPU inventory, to tenants at market-set prices. The network runs on its own proof-of-stake blockchain built with the Cosmos SDK, and the AKT coin launched in October 2020. Akash positions itself as an alternative to centralized cloud providers such as Amazon AWS, and AI and machine-learning workloads are among its main target use cases. AKT serves as the settlement, staking, and governance asset of the network.

How does Akash Network's compute marketplace work?

Compute providers auction spare capacity through an on-chain reverse auction, bidding prices down until a tenant accepts the winning offer. Under governance proposal AEP-76, deployments settle by burning AKT to mint internal stable credits, a mechanism that ties token scarcity to real infrastructure demand. A Burn-Mint Equilibrium settlement overhaul was discussed by the project in early 2026. All network upgrades pass through on-chain governance voting.

What is the AKT token used for?

AKT settles payments between tenants and compute providers, secures the network through staking, and gives holders voting power over upgrades and network parameters. Enterprise payment flows can abstract AKT behind standard corporate billing, so tenants do not need to hold the coin directly. Governance proposals such as AEP-76 add further settlement utility by linking AKT burns to deployment costs.

How many AKT tokens can ever exist?

AKT has a hard maximum supply of 388,539,008 tokens, with a genesis supply of 100,000,000 AKT in October 2020. New tokens are issued only as proof-of-stake staking rewards, so the gap between genesis and the fixed cap defines the structural emission schedule. Per DropsTab data, inflation comes from these staking emissions and is bounded by the maximum supply.

Does AKT still have token unlocks ahead?

No. Akash Network has no dated unlock schedule left: both documented lockups have fully expired. The March 2020 private round allocation vested over two years with 50% unlocked after 12 months, completing around March 2023. The October 2020 BitMax sale allocation carried no lock-up at all. Remaining supply expansion for AKT comes solely from the staking emission schedule, not from insider unlocks.

Who invested in Akash Network?

Per DropsTab fundraising data, Akash Network raised $2.8M across two rounds. The March 2020 private round raised $2 million at $0.0591 per AKT, backed by Digital Asset Capital Management (DACM), Satori Research, Infinite Capital, Cypher Capital, and angel investor George Burke. No single named backer holds a controlling stake, though the strategic and presale buckets, roughly 24% of genesis supply combined, were placed with a small investor set.

How did AKT's public token sale work?

The public distribution ran as a two-part auction on BitMax on October 14, 2020, held in two one-hour sessions. The sale raised $800,000 by selling 1,440,000 AKT at $0.35 per token, with no lock-up on the allocation. The AKT token generation event concluded on October 21, 2020.

Is AKT a coin or a token?

AKT is a coin: the native asset of Akash's own Cosmos-SDK blockchain, used for staking, settlement, and governance. Akash publishes no official wrapped ERC-20 or Polygon contract: wrapped versions circulating on Ethereum have been flagged as fake on Etherscan, and the Gravity Bridge route to Ethereum was exploited and is winding down. The native AKT coin is the canonical asset.

Where can you buy and trade AKT?

Per DropsTab data, AKT trades on 20+ venues across spot, futures, and DEX markets. Spot pairs run on Coinbase and Kraken against USD and EUR, on Upbit against the Korean won, and on Gate, KuCoin, HTX, and Crypto.com against USDT. Perpetual futures list on Binance Futures, Bybit, and MEXC. On decentralized exchanges, the native coin trades on Osmosis, the Cosmos-ecosystem liquidity hub, while the wrapped ERC-20 versions trade on Uniswap, Sushiswap, and Quickswap.

How does AKT staking work?

AKT holders delegate the coin to validators to secure Akash's proof-of-stake blockchain. Staking also lets validators verify the configurations of compute providers on the marketplace. Rewards come from two sources: the proof-of-stake emission schedule within the fixed cap, and a genesis take-rate pool that distributes a portion of every lease fee to stakers by stake weight. Reward rates move with network conditions rather than following a fixed schedule.