New Listing: Akash Network Token (AKT)

We’re excited to announce our newest listing Akash Network Token (AKT) for Bittrex Global customers. The AKT wallet is open for deposits and withdrawals. The BTC-AKT and USDT-AKT markets are open for trading!

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From the Akash Network website:

The AKT Token

Akash Token is a utility token powering the world’s first
decentralized cloud for DeFi and high growth organizations

Token Economics

Akash Network is a sovereign proof-of-stake chain built with Cosmos SDK, that leverages Akash Token (AKT), a native utility token, as the primary means to govern, secure the blockchain, and provide a default mechanism to store and exchange value. AKT will act as the reserve currency in Akash’s multi-currency and multi-chain ecosystem, while ensuring economic security of the platform’s public blockchain by means of Staking.

We’re implementing a phased rollout to enable Akash’s Tokenomics Model. To properly compensate cloud providers on the network, we will first stabilize the staking set to establish economic value for AKT with the launch of Mainnet 1.

After this initial phase of network bootstrapping is complete, we’ll begin work on the Akash Economic model, which will incentivize providers to offer lower prices, and incentivizes stakers to participate in the network longer term.

Trade BTC-AKT and USDT-AKT now at: global.bittrex.com

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