Akash Network

Akash Network uses the Akash Token (AKT), its own utility token, as its primary governance, blockchain security, and default asset for storing and exchanging value.

What is it for?

Developers and organizations need cloud computing and services that provide greater scale, flexibility, and cost efficiency. In addition to the four cloud service providers (Amazon Web Services, Google Cloud, Microsoft Azure, and Alibaba Cloud), they still have several options to meet this global demand for bandwidth and content.

However, Akash developers decided to create a decentralized alternative, codenamed Unstoppable Cloud - a faster, more efficient and cheaper cloud that would make developers and organizations unstoppable.

Akash also announced an integration with Kava , a cross-chain DeFi platform, to use the Kava USDX stablecoin as the first fee-paying coin on Akash’s DeCloud platform. The Kava integration will also allow the use of the Akash (AKT) token as collateral for USDX loans.