ANKR

What is Ankr Network (ANKR)?

Ankr Network (ANKR) serves as a gateway for Web3 developers, projects, and protocols to access node infrastructure and development tools for building Web3 applications. They plan to enhance decentralization of their node marketplace, broaden service offerings through the protocol, eliminate central points of failure, and introduce Ankr DAO for consensus-based decision-making. These changes aim to transform the Ankr ecosystem, boost the utility of ANKR token, and benefit the community greatly.

Who Created Ankr Network (ANKR) ？

The Ankr Network team is a group of experienced professionals with diverse backgrounds in software engineering, law, and electrical engineering. Many team members have prior experience in the blockchain industry, having founded or worked for companies like Chainspace, cLabs, and The Ethereum Classic Cooperative. They also have research and development experience from roles as researchers or teaching assistants at universities.

How Does Ankr Network (ANKR) Work?

Ankr, founded in 2017, initially aimed to utilize idle cloud computing power from data centers worldwide for bitcoin mining, node hosting, and IoT applications. Over time, the company expanded its services to include providing underlying node infrastructure for Web3 development. With a focus on supporting Proof-of-Stake blockchains and decentralized applications (dApps), Ankr saw significant growth in its services over the past year as it powered a growing portion of the Web3 ecosystem.
Ankr has experienced significant growth in its services, particularly in powering a growing portion of Web3 infrastructure. This expansion led to ANKR becoming one of the top 20 most-traded tokens on Coinbase and being recognized as a critical infrastructure provider for Web3 and Proof-of-Stake networks. However, Ankr has realized the importance of decentralization in the infrastructure layer to avoid single points of failure, downtimes, and censorship threats. As a result, Ankr is now focused on transitioning blockchains and dApps to more distributed node networks supported by independent providers. The company is also working on formalizing community governance over Ankr Network and enhancing the utility of the ANKR token within the ecosystem.

Tokenomics

What is Ankr Network (ANKR) used for?

The ANKR token will be used to facilitate operations within the Ankr Network for providers, users, and stakers. Independent node providers can deposit ANKR to join the network, serve traffic, and earn rewards. Users can pay for premium services with ANKR, while individual token holders can stake their ANKR with node providers to receive a portion of their rewards.

Token Distribution

There is a fixed total supply of 10 bilion ANKR tokens. Initially, only 40% of the total supply was unlocked. By August 2022, the remaining 60% of ANKR tokens should become unlocked.