Source: https://stakeseeker.com/wp-content/uploads/2022/11/akash-video.jpg
Today I want to present you a token that in my opinion deserves a deeper look. As I was looking around the staking website of Coinpayu I encountered some interesting projects and decided to invest in some of them – one reason is, that they are available on the Cosmos (ATOM) blockchain and therefor easy to stake via the Keplr wallet and the other one is, that I trust Coinpayu as a validator. As always this is not financial advice but just my personal opinion on the matter. One of these projects rose to popularity the last weeks (and more than doubled its price), so I checked it out a little bit further and was really amazed.
The Akash Network (AKT)
Source: https://akash.network/blog/testing-the-first-ai-supercloud/
The title of the article already got the main purpose for this project in its name – the supercloud. In our modern world we need a lot of digital space and computing power which as of now is mostly centralized and in the hands of some big dodgy tech companies like Amazon or Microsoft. With their cloud services they kind of create an oligopoly which is a danger in itself and way more vulnerable because everything is in one place. Akash tries to change that with their open-source decentralized supercloud. With Akash you own your own cloud, and you can buy and sell unused cloud resources from or to others. Another cool thing is that they use a reverse auction model which results in a lot lower prices than other cloud systems. Furthermore, the project is governed by the community (DAO) and running on the Cosmos blockchain which is highly reliable. For developers it is very easy and cheap to deploy projects on their network.
The project attracts a lot of supporters, customers, and partnerships. For example, the Chia Network, the Osmosis DEX, Cloudmos, OmniFlix, the Juno Network, Mantra (OM), Stargaze and the Presearch search engine are running on the Akash network. Some of them might be known to you and some are stakable through Coinpayu as well. As the time of writing this token made +260% in about 3 months and catapulted itself in the top 100 coins on Coinmarketcap as gaining more and more attention from investors and developers. It’s not listed on Binance or Coinbase yet, but on KuCoin and Kraken and can be swapped on Osmosis.
In my personal opinion this project looks very promising because of the genius use case, and I just love it when crypto and blockchain technology finds its way into the “real world” and improves it (Adoption ahead :). Of course, there is an AI hype right now which maybe oversells the AI tokens at the moment, but in the long run this project easily could be a sustainable success.
Thanks for reading my article, I hope you find it interesting and take care of yourself, others and our wonderful planet – cheers!
For full disclosure, I am the original author, but I first uploaded the article to another platform. If you are looking for the best opportunity to earn free crypto and get the most out of it – there is no platform like: https://www.coinpayu.com/?r=Catchme -> watching little ads, good support and heaps of offerwalls :) Go and check it out, folks!
