I have to shill this gem.
This won't be sitting at a mc of 220m$ for Long.
I can definitely see it in the top 50 this year.
Akash is becoming the first decentralized Cloud host which leverages the problem, that almost 25% of all computing capacity of the world is unused.
Cloud hosting providers, Computer Geeks and Server Farms can provide their unused computing capacity to the Akash decloud marketplace and will get paid profitably.
On March 8th (what a coincidence) their Mainnet 2 launched successfully.
They're already partnered with Equinix Metal, one of the largest hosting providers in the world, providing names like AWS, Google Cloud and Microsoft Azure with they're computing power.
Akash is a real game-changer when it comes to costs. Right now it is 2-5x cheaper than the competitors and aims to be up to 10x cheaper in the next months with more and more partnerships.
Akash has been in development for the last few years with great commitment from the community.
What I'd like also to mention is that Akash will be the first crypto that leverages the Cosmos inter-blockchain commutation (IBC)
Some information about the tokenomics:
The hardcap is at 123.8 million with a circulating supply of 38.6 million at the moment. The supply will be inflated with the rewards collected from the delegated tokens. Currently around 85% of all Akash are delegated to strengthen the network, with an apy of around 55%, combined with compounding that comes around 70% apy.
The rewards will get cut down over time (a bit like the halvening) so early adopter's are rewarded generously.
Akash has been in a continuous uptrend and has ignored a lot of market movements over the last week's. Also this is why I am using it as a hedge against market volatility.
Please do your own research at:
Website: akash.network (take a look at they're blog, it has some very good general information)
Telegram: t.me/akashnw (the admins are very active and open to all kinds of questions)
For technical questions the discord is very helpful:
Interesting for all the eth miners out there looking for an alternative profitable way to use their mining equipment, is the fact that there are some hints that Akash will leverage that computing power for the decloud.
Wishing you all a great generous week my fellow cephalopods 🐙