Decentralized cloud platform Akash Network’s $AKT listed on Bittrex Global Today. The blockchain and Machine Learning/AI platform’s token debuted with a shaky start on the back of still uncertain crypto market.
San Francisco, USA based open-source blockchain cloud platform, Akash Network on the 25th of May announced that their native platform token $AKT, has been listed on digital assets exchange, Bittrex Globa. The token is now open for trading on the top ranked exchange.
The $AKT token, is the Akash network’s governance, and network security token. It forms the platforms default value exchange mechanism, currently offering about 48% staking rewards, and a 83% bonding rate. $Akash listed on the cryptocurrency asset trading platform in $BTC, and $USDT based trading pairs
“With its extraordinary growth over the last six months, we’re excited to welcome AKT to our platform,” commentex CEO of Bittrex Global, Stephen Stonberg. “As the most trusted crypto exchange platform known for secure trading and digital wallet infrastructures, we’re proud to partner with Akash Network to make AKT available to our global community of traders.”
Akash network is the worlds first decentralized, open-source cloud platform. The platform enables quickly deployable, high-scale, efficient, and cost effective cloud computing services for the tech industry of tomorrow; like blockchain and AI. Leveraging the storage and computing power in 8.4 million data centers globally, the Akash network enables firms to access cloud computing at a third of the cost of Mainstream rivals, Google Cloud, and Microsoft Azure.
“After the recent launch of DeCloud, we’re continuing to support our accelerating growth and increasing global demand for access to AKT,” said Greg Osuri, CEO of Akash Network. “Listing on Bittrex Global, a top globally renowned exchange, progresses our goal of expanding access to AKT to people around the world.”
$AKT opened trading on Bittrex global at $3.29, dropping to a low of $3.22 before coming to close the first hour of trading at $3.25. The cloud token debuted on the crypto exchange on a very shaky day in the markets, only rising 15% (at time of witing) to a high $3.37. One can never tell with new listings, but $AKT may be in for some negative price action. One to watch before making any calls.