Project Safety Score: 63%
Updated 12 hours, 35 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.
Akash Network boasts a strong track record with a robust presence in the market for over 6.3 years. It maintains a perfect score on regulatory actions, indicating no past issues with compliance. Additionally, there are no recorded historical incidents, which adds to the integrity and reliability of the project.
Economic design score 100 out of 100.
The economic design of Akash Network is exemplary, achieving a perfect score. The project clearly defines its supply cap at 388,539,008 tokens, ensuring that users understand the limits of its token supply. Furthermore, 100% of the total supply is currently circulating in the market, which is a positive indicator of liquidity and accessibility.
Network security score 65 out of 100.
Akash Network has a moderate network security score. While the market cap of approximately $185 million suggests some economic vulnerability, its chain age of 6.3 years reflects stability. Importantly, the project has an incident-free history, adding a layer of security assurance for users.
Social behavioral score 74 out of 100.
The social behavioral score is favorable, showcasing positive sentiment towards Akash Network, with 90% of sentiment indicators being bullish. While social audience metrics such as Twitter and Reddit are limited in follower data, the engagement on platforms like Telegram demonstrates a significant active community.
Adoption and liquidity score 46 out of 100.
Adoption and liquidity present some challenges for Akash Network, scoring only 46. The daily trading volume of approximately $76.8 million indicates some activity, but the market cap tier suggests limited broader adoption. While there are 26 centralized exchange listings, only 14 possess a trusted reputation, indicating a need for growth in reputable trading venues.
Investing in Akash Network carries inherent cryptocurrency risks, typical of the sector. The mixed scores across various safety buckets highlight areas for careful consideration, particularly in developer health and adoption. Potential investors should conduct thorough research and remain vigilant regarding market conditions before making financial commitments.
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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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