ANKR TOKEN.
What is ANKR Token?
ANKR is the utility token on Ankr Network, ANKR is the pillar of the platform and also powers the ankr multi-chain ecosystem. It is needed for transactions and payments for many of Ankr’s services as well as platform governance.
Who uses the ANKR Token?
- Users: These are users who spend ANKR in other to be able to use Ankr Network. This token gives users the access to Ankr Network, the most decentralized infrastructure protocol in existence. With a flexible and affordable pay-as-you-go model, users spend ANKR to make requests to the different blockchains they need to communicate with.
- Providers: in order to become a node provider on Ankr Network, it is compulsory to deposit ANKR tokens as collateral to help ensure honest and optimal network participation. Once you’ve made your deposit and started providing your node(s), you’ll earn rewards for serving traffic in the form of ANKR tokens. 21% of total Ankr Network fees are usually distributed to providers.
- Stakers: People who hold ANKR token can stake their assets with Ankr Network full node providers in orders to earn a share of their rewards for serving network traffic and also retain liquidity while you stake with ANKR liquid staking. 49% of total Ankr Network fees are distributed to stakers.
Why do we need ANKR Token?
ANKR will be needed as force to drive the decentralization in the ecosystem and marketplace on order to achieve the next breakthrough in Web3.
Uses of ANKR Token.
ANKR is used to facilitate all network operations, it helps the platform deliver a Web3-native experience and community-driven products.
It can also be used to participate in the protocol governance by those who hold the ANKR token, that is it gives voting right to the holders.
About Ankr Network.
Ankr is a Web 3.0 infrastructure provider that offers a globally distributed network of nodes for multi-chain access across 40+ blockchains.
Ankr makes accessing Web 3.0 easy by offering a distributed, multi-cloud blockchain infrastructure for one-click node deployment and management as well as instant API access to major blockchains and DeFi protocols for developers.
Ankr simplifies building and earning on the blockchain for individuals, developers and enterprises.
