Akash Network (AKT) is now listed in the Crypto.com App, joining the growing list of 250+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO).
Akash Network is the world’s first decentralized open source Cloud Compute. Unlike the big cloud providers, such as Amazon, Google, and Microsoft, Akash Network gives users complete control over the price they pay and the attributes they receive. AKT is the utility native token powering the Akash Network. It serves as the network’s primary means of governing, securing, incentivizing, and providing a default method of storing and exchanging value. The core utility of AKT is that it acts as a staking mechanism to secure the network and normalize compute prices for the marketplace auction. AKT stakes can be used to vote on the network upgrades and the allocation of the Decentralized Cloud Foundation’s funds and resources.
Crypto.com App users can now purchase AKT at true cost with USD, EUR, GBP, and 20+ fiat currencies, and spend it at over 80 million merchants globally using the Crypto.com Visa Card.