Project Safety Score: 63%
Updated 2 hours, 25 minutes agoAkash Network, founded in 2018, operates as a decentralized cloud computing marketplace using a blockchain-based framework built on the Cosmos SDK. It allows users to lease their unused computing resources, promoting a permissionless marketplace that enhances security, transparency, and scalability. The native AKT token plays a crucial role in securing transactions, incentivizing community engagement through staking, and underpinning the network's operations.
The platform includes a GPU marketplace, particularly beneficial for AI developers in need of cost-effective and scalable processing power. Akash Network's model fosters reduced costs through competition and offers global accessibility to its resources. Its environmental approach emphasizes efficient resource utilization and a more sustainable alternative to traditional cloud services, as it employs a Proof-of-Stake consensus mechanism.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track record score 93 out of 100.
The Akash Network boasts a strong track record, reflecting its stable presence in the market for over 6.3 years without any regulatory actions or historical incidents. This history suggests a reliable project with significant experience, contributing positively to its overall safety rating.
Economic design score 100 out of 100.
Akash Network has an excellent economic design, featuring a clearly defined hard cap of 388,539,008 tokens and a circulating supply ratio of 100%. This indicates a fully circulating total supply, which can bolster investor confidence in the asset’s long-term sustainability and value potential.
Network security score 65 out of 100.
While the Akash Network has a respectable chain age of 6.3 years and a clean incident history, the economic security score of 27 indicates potential vulnerabilities due to its market capitalization of approximately $185 million. Users should remain aware of these factors, as they may impact the network’s stability.
Social behavioral score 74 out of 100.
The project's social behavior is reasonably strong, with positive sentiment reflected at 90%. Although specific audience data for some social accounts is limited, verified accounts on platforms like Twitter and Telegram suggest an active community, which can contribute to the project's visibility and engagement.
Adoption liquidity score 46 out of 100.
Akash Network has a lower adoption liquidity score, with a 24-hour trading volume of around $76.8 million and 26 centralized exchange listings, of which 14 are considered trustworthy. While the liquidity isn't ideal, the number of listings indicates some level of market accessibility.
Investors should be aware that, like any asset in the cryptocurrency space, Akash Network carries inherent risks. Market volatility, regulatory developments, and technological changes can significantly influence the value and security of the asset, hence careful consideration and due diligence are recommended.
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Greg Osuri - CEO and FounderPrior: Overclock LabsGreg Osuri is the CEO and Founder of Akash Network, leading the development of the decentralized cloud computing platform.
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Adam Bozanich - Co-Founder and CTOPrior: Overclock LabsAdam Bozanich serves as the Co-Founder and CTO of Akash Network, overseeing the technical development of the platform.
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