What is ANKR coin? ANKR coin issuance price, total amount and white paper introduction

ANKR, a utility token powering the decentralized Ankr Network, provides blockchain developers access to on-demand computing resources and serves as the network's native currency for payments, governance, and node operator incentives.

Oct 01, 2024 at 06:41 am

1. What is ANKR Coin?

ANKR (formerly known as ANK) is a utility token that powers the Ankr Network, a decentralized computing platform. The network provides blockchain developers with access to on-demand computing resources, such as cloud computing, serverless computing, and blockchain infrastructure. Developers can leverage Ankr to build and deploy blockchain applications and smart contracts without having to purchase and manage their own infrastructure. ANKR token serves as the native currency of the network and is used to pay for computing resources, participate in network governance, and incentivize node operators.

2. ANKR Coin Issuance Price and Total Amount

• Issuance Price: ANKR was initially sold in a public token sale in June 2019 at a price of $0.01 per token.
• Total Amount: The maximum supply of ANKR is 10 billion tokens.

3. ANKR White Paper Introduction

The ANKR white paper outlines the following key aspects of the project:

• Problem: The white paper identifies the challenges faced by blockchain developers in accessing reliable and affordable computing resources.
• Solution: Ankr proposes a decentralized computing platform that provides developers with access to on-demand cloud and serverless resources.
• Token Utility: ANKR token is used for various purposes within the network, including payment for computing services, staking for network participation, and governance.
• Architecture: The white paper describes the technical architecture of the Ankr Network, including the roles of node operators and consumers.
• Roadmap: The white paper outlines the project's roadmap, including plans for future developments and partnerships.