What is ANKR?

ANKR is the native utility token of the Ankr ecosystem. The latter provides a blockchain-based infrastructure to build Web3 tools. Besides Ankr, the token runs on networks such as Avalanche, Polygon, and Fantom.

The ANKR token is used as a medium of exchange within the ecosystem. This means that it can be used to pay for products and services available on the Ankr network. For example, a subscription to the Premium Plan or the Public Community RPC APIs.

Moreover, ANKR serves as a governance token. Holders of the ANKR token receive exclusive voting rights as well as the ability to submit proposals. Only holders of at least 5,000,000 ANKR are eligible to make proposals. This is because 5,000,000 is the required amount of tokens to be locked when submitting one.

The ANKR token is not influenced by inflation. This means that token holders will always maintain the exact percentage of the token owned. It’s important to not mix this up with the ANKR price. The ANKR price is not completely immune to inflation.

There is a total supply of 10,000,000,000 ANKR tokens. This number was chosen to ensure that holders wouldn’t have to do fractions. They can be obtained through both centralized and decentralized exchanges.

When it comes to token distribution, Ankr aims to unlock the entirety of the token supply by the end of August 2022.

ANKR coins are based on the ERC-20 and BEP-20 token standards.

Since ANKR is a cryptocurrency, its price tends to fluctuate. In order to make an informed purchase decision, check out the ANKR price history and other statistics on the graph above.

What are the Main Features of ANKR?

As mentioned above, the ANKR token powers the Ankr ecosystem. It consists of a Web3 infrastructure and a cross-chain liquid staking solution. They’re classified into two categories: Ankr Build and Ankr Earn.

Ankr Build allows users to build decentralized applications by providing an exclusive Web3-based toolkit. This toolkit consists of access to Public Community RPC APIs, Node Services, and unique products such as the Ankr Scan.

Ankr Earn is a DeFi platform within the Ankr ecosystem. It enables users to earn through staking. Ankr Earn provides staking and liquid staking solutions where it tackles the problem of capital inefficiency.

In addition, there are two more categories within the Ankr ecosystem: Ankr Game and Ankr Learn.

Ankr Game is a Web3 solution for Unity Engine and Unreal Engine that’s powered by blockchain technologies. It’s called Ankr Unity SDK and Ankr Unreal SDK.

Ankr Learn is an educational platform for blockchain-based projects. Users can learn through tutorials in the docs section. For example, some of the newest tutorials include “How to Connect to RPCs” or something more specific like “How to create an ERC-721 NFT Smart Contract on Optimism”.

The Ankr project tackles the energy problem that’s well-known within the crypto community. It facilitates an environmentally-friendly of cloud computing. Ankr is powered by a Proof-of-Useful-Work (PoUW) consensus mechanism.

Who Developed ANKR?

The Ankr crypto project was launched in Nover of 2017 by Chandler Song and Ryan Fang. They both studied at the University of California, Berkeley where the project was first initiated. During their studies, Chandler Song and Ryan Fang were interested in blockchain technologies and joined the program called Blockchain at Berkley. During this time, they purchased a total of 22 BTC which was later put into the Ankr crypto project.

Both Chandler Song and Ryan Fang made it to the list of 30 Under 30 by Forbes Asia. Stanley Wu later joined the project as a third co-founder.

Prior to the launch of Ankr, Chandler Song was employed at Amazon Web Services as an engineer while Ryan Fang worked at Morgan Stanley as an investment banker.

Besides being a co-founder, Ryan Fang is the COO of Ankr.