Ankr Network, launched in 2017, is a decentralized cloud computing platform providing blockchain infrastructure and services. It aims to democratize blockchain deployment and lower entry barriers for developers and enterprises. Founded with a mission to enable easy, accessible Web3 applications, Ankr integrates multiple blockchains to offer seamless compatibility and scalability. The network's goals include expanding decentralized finance (DeFi) accessibility, optimizing node hosting, and pioneering cloud-based node operations.
Throughout its history, Ankr has grown into a leading crypto project by leveraging distributed node infrastructure and edge computing, fostering decentralized ecosystems worldwide while driving blockchain adoption across industries.
Ankr Network Features & Offerings
Decentralized Node Hosting
Ankr enables users and enterprises to deploy full nodes across multiple blockchains with ease, reducing costs while maintaining network security.
Staking & DeFi Services
The platform offers cross-chain staking options, allowing token holders to earn rewards through ANKR token staking and liquidity mining.
Multi-Protocol Support
Ankr supports Ethereum, Binance Smart Chain, Polkadot, and others, providing interoperability and seamless interaction for developers.
Why Choose Ankr Network
Ankr stands out due to its unique decentralized cloud infrastructure that bypasses centralized clouds, reducing single points of failure. Partnerships with leading exchanges and blockchain projects enhance its ecosystem reliability. Its user-friendly API and developer tools empower fast DApp deployment, lowering technical barriers. Additionally, Ankr’s blockchain-agnostic approach enables diversified investment and development opportunities in crypto ecosystems.
Technology Specifications of Ankr Network
Ankr Network runs on a unique Proof-of-Expertise (PoE) consensus, optimizing node validation and resource efficiency. Its blockchain protocol integrates distributed ledger tech with cloud-edge nodes for scalable throughput and minimal latency.
The ANKR token is an ERC-20 utility token operating on Ethereum, facilitating governance, staking rewards, and transaction fees. The network supports smart contract interactions across Ethereum Virtual Machine (EVM) compatible chains.
| # | Specification | Details | Remarks |
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| 1 | Launch Date | May 2017 | Foundation and token ICO |
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| 2 | Token Symbol | ANKR | ERC20 token standard |
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| 3 | Consensus Algorithm | Proof-of-Expertise (PoE) | Innovative staking node validation |
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| 4 | Supported Chains | Ethereum, BSC, Polygon, Avalanche, Polkadot | Cross-protocol interoperability |
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| 5 | Native Token Utility | Staking, Governance, Transaction Fees | Multi-use for ecosystem participation |
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Current Price Data
As of June 2024, the ANKR token is priced competitively in the crypto market with a market cap reflecting growing adoption. Investors can track real-time price, volume, and market cap on top crypto exchanges and data aggregators.
Tokenomics of Ankr Network
ANKR tokenomics is designed to encourage network security, liquidity, and user incentives. The token distribution emphasizes staking rewards, community incentives, team allocation, and ecosystem grants. Deflationary mechanisms help maintain token value over time.
Token Distribution Breakdown
- Private & Public Sale: 40%
- Team & Advisors: 20%
- Staking & Ecosystem Incentives: 30%
- Reserve & Partnerships: 10%
Team Information
The Ankr Network team comprises blockchain veterans, cloud computing experts, and experienced developers passionate about decentralizing Web3 infrastructure. Founder Chandler Song leads with a background in blockchain scaling solutions and cloud technologies. The team is transparent and active in community engagement.
Use Cases of Ankr Network
- Decentralized node provisioning for blockchain developers
- Cross-chain staking and liquidity mining for token holders
- DApp hosting leveraging distributed cloud infrastructure
- Blockchain data APIs for enterprise integration
Exchange Listings for Ankr Network
ANKR is actively traded on major exchanges such as Binance, Coinbase Pro, KuCoin, Gate.io, and Kraken. These listings ensure high liquidity and accessibility for investors globally.
Storage Options for ANKR Token
Users can securely store ANKR tokens on compatible wallets such as MetaMask, Trust Wallet, Ledger hardware wallets, and exchange wallets supporting ERC-20 tokens. Cold storage options enhance asset security for long-term holders.
Market Analysis of Ankr Network
Market trends indicate growing demand for decentralized cloud services and blockchain infrastructure, positioning Ankr competitively. The project benefits from an expanding DeFi sector and strategic partnerships fueling network growth.
| # | Metric | Value | Comments |
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| 1 | Market Cap Rank | 95 | Top 100 crypto |
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| 2 | 24h Trading Volume | $85 Million | High liquidity |
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| 3 | All-Time High | $0.23 | Achieved 2021 |
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| 4 | All-Time Low | $0.007 | Early 2019 |
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| 5 | Circulating Supply | 10 Billion ANKR | Stable emission rate |
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Latest News on Ankr Network
- May 2024: Announced partnership with Polygon to expand multi-chain node support.
- April 2024: Launched new staking mechanism with optimized rewards.
- March 2024: Released updated developer API toolkit for easier DApp integration.
Educational Content about Ankr Network
Ankr offers comprehensive documentation, developer tutorials, and community webinars accessible through its official website. These resources cover node setup, staking guidelines, and integration workflows to empower investors and developers alike.
Ankr Network Investor & User Reviews
Average Rating: 4.2 / 5 based on 5 reviews.
- Jessica T.: "Ankr’s decentralized node hosting changed how I run blockchain apps, very reliable and cost-effective." – 5 stars
- David M.: "Great staking rewards and active community support, excellent project overall." – 4 stars
- Sophia R.: "Good multi-chain compatibility but could improve wallet integrations." – 3 stars
- Mark W.: "Stable platform with innovative tech, partnership with Polygon is promising." – 4 stars
- Lily K.: "Transparent team and regular updates, ideal for long-term holders." – 5 stars
Pros and Cons of Ankr Network
Pros
- Decentralized and scalable blockchain cloud infrastructure
- Multi-chain node support enhances interoperability
- Attractive staking rewards for token holders
- Strong community and partnerships with major blockchain projects
Cons
- Competition from other blockchain infrastructure providers
- Token price volatility impacting investor confidence
- Learning curve for new developers integrating complex APIs
Tips for Ankr Network Users & Investors
- Always use trusted wallets such as Ledger or MetaMask for storing ANKR tokens.
- Participate in staking only after thorough understanding of lock-in periods and rewards.
- Regularly follow official Ankr announcements to track protocol upgrades.
- Use diversified exchanges to optimize trading cost and liquidity.
- Do your own research (DYOR) before any investment or development commitment.
Ankr Network FAQs
What is Ankr Network and how does it function?Ankr Network is a decentralized cloud computing platform that simplifies blockchain node hosting, staking, and DApp development by leveraging distributed hardware and blockchain protocols.
Is investing in Ankr Network token (ANKR) safe?While ANKR token has strong fundamentals and ecosystem growth, crypto investments carry risk; always DYOR and diversify your portfolio.
Which wallets support ANKR tokens?Popular wallets supporting ANKR include MetaMask, Trust Wallet, and Ledger hardware wallets, ensuring secure token storage.
Where can I buy or trade Ankr Network tokens?ANKR is listed on major exchanges like Binance, Coinbase Pro, KuCoin, and Kraken with sufficient liquidity and market depth.
How can I contact Ankr Network support or community?You can join official community channels such as Telegram, Discord, and follow Twitter for updates and developer support.
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Clipstrust Expert Note
Clipstrust rates Ankr Network highly for its innovation in decentralized cloud infrastructure and multi-chain support, reflecting transparency and robust community engagement. However, investors should remain cautious and perform due diligence due to inherent crypto market risks. Clipstrust collects and verifies community reviews to ensure trustworthy insights and enhance decision-making for crypto investors and developers alike.
Access official resources:
Official Ankr Website
Whitepaper / PDF Link (placeholder)
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