What is Ankr (ANKR)?

Ankr Is a Web 3.0 infrastructure provider that offers a globally distributed network of nodes to over 40 blockchains dory multi-chain access.

The Ankr platform is built on a multi-chain node foundation and provides a one-click model deployment and management. It also offers instant API access to all major protocols, blockchains, and ecosystems.

It simplifies the building and earning on Web 3.0 and blockchain platforms for individuals, developers, and enterprises.

Ankr’s platform mission is to provide Web 3.0 ecosystem, blockchain, and the crypto economy accessible and available to anyone with internet access by removing the barrier to participation for both individuals and organizations and providing user-friendly development tools.

ANKR tokens are the official utility and governance tokens of the ANKR Network used for paying for services in the ANKR ecosystem.

Unlike most tokens plagued by inflation, the ANKR token is excluded and remains constant in financial value. This means a user with 10,000 ANKR tokens would own a certain unchangeable percentage irrespective of the time of measure.

The total circulating supply of ANKR tokens is 1 billion as it is estimated there are over 25 million developers and the adoption rate is likely to increase if 4% gets into Web 3.0 development. Mathematically, if 1 million ANKR tokens are spilt evenly among 10,000 developers or vice versa, then it allows for better utilization and calculation.

The ANKR ecosystem operates with governance, a mechanism that allows every ANKR token holder can propose and vote for change in the ANKR staking system. If a decision receives the agreed number of votes, then it is implemented immediately.

This allows the ANKR community to make changes by suggesting new and innovative ideas, voting, and supporting the implemented ideas for the future of the ecosystem.

Who are the Founders of Ankr (ANKR)?

Chandler Song is the Co-founder and CEO of Ankr. He has attended the University of California where he graduated with a degree in Computer Science and Electrical Engineering. He worked as a software engineer in Amazon Web Services and Co-founded Bounce, a market for financial auctions.

Stanley W, a fellow co-founder and the CTO of Ankr is a graduate of the University of Rochester where he had a degree in Electrical Engineering and computer science. He also had a degree in database management from the University of California. Before being a CTO, he was a software engineer and tech lead at Amazon.

Ryan Fang is also a co-founder at Ankr and had several degrees and certifications from reputable schools and workshops. He was the founder of the Peer potential mock trial and the co-founder of Primeblock and bounce.

What is Ankr (ANKR) used for?

Ankr is used for building Web 3.0 platforms easily with little to no knowledge of technological resources.

It has inbuilt toolkits that allow developers to build platforms easily with no hassle.

The ANKR tokens are used by providers of validators on the Ankr platform to act as insurance for network participants. 

Ankr tokens can be exchanged for an equal financial value of other cryptocurrency coins like Litecoin and Polkadot to earn more profits. 

ANKR tokens are used for the payment of services like node deployment and API services on the ANKR platform.

Through the tokens, hers can readily engage in governance, bring ideas, and vote if need be.

What Is the Unique Point of Ankr(ANKR)?

The unique point of Ankr is the governance and proposal system. Both processes work hand in hand to ensure new developments are implemented at the will of the community. 

The proposal system process:

Creating the proposal

For an idea to come alive, a proposal concerning such an idea will be proposed to the developers and the other community members.

To propose, the proposed must lock at least 5 million ANKR tokens and is free to make at most two proposals a month.

Submitting the proposal

Once the created is submitted for review, it queues behind for 2 days for the review by the governance admin team.

Approving the proposal

If a proposal is set to be approved after a successful review, it is bored upon for some time set by the proposer.

Voting for the proposal implementation

The initiator wallet account is locked for a period of 14 data and votes are cast at 1 ANKR token for a vote. After successful voting, it is then processed for implementation by the Ankr team.

How many Ankr (ANKR) coins are in circulation?

Ankr has a market cap of USD 842,852,188. It has a circulating supply of 8,162,899,378 ANKR coins and a max. supply of 10,000,000,000 ANKR coins with approximately 27000 holders as of July 2021. There is no inflation built into the ANKR token as the holding value remains the same over the same period. 

The Circulating the amount of Ankr tokens available for use in the open market and Ankr plans to release the remaining supply for distribution programs, developer grants, and to provide liquidity to future exchange listings. 

The initial token supply is at 40% and has free to 60% over the past 3 years; approximately 2% of the ANKR tokens has burned and there are plans to stop as it doesn’t fit into the company’s long-term goals. 

Is the Ankr (ANKR) Network secured?

During governance, Ankr uses verification nodes in the block validation process. This increases the quality of the network any bad actors are removed from the system.

To ensure the system is run by good and reputable actors only, Ankr follows a reputation-based system that sorts out the actors based on their node contribution. Also, a performance test is done to 

To ensure that the system remains secure and that only good actors are picked, Ankr employs a reputation-based system. This filters actors based on node contributions. Furthermore, a performance test is used to fairly distribute their differing computational resources based on their workload.

Ankr also employs the intel SGX as its main component that allows for a high level of security against certain hardware and software attacks because it processes executions inside of the hardware itself.

The Data Source Security itself is handled through TLS 1.2,1.3 and Perfect Forward Security, or PFS.

How do I buy Ankr (ANKR)?

Ankr is different from the average cryptocurrency in every way as it has functional use in the creation of Web 3.0 platforms. Apart from its varying layers of security, the platform also allows its users to earn with its Ankr Boost feature, hence more people are adopting the token, and its availability on several exchanges has become more prominent. Ankr tokens can be easily purchased by the following steps. 

* Open an account with the crypto trading platform.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and Buy ANKR through your trading account.

Which Cryptocurrency Wallet Supports Ankr (ANKR)?

The PTPWallet platform supports many cryptocurrencies simultaneously such as Ankr (ANKR). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their Ankr wallet because it offers a simple ANKR interactive interface making it easy for people to navigate its system.

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