Analysis of AKT:
• Supply and demand matching mechanism:
Akash Network uses a reverse auction mechanism, where users create orders, and computing power suppliers bid on those orders. Users make selections based on supplier bids and other information, and then sign rental agreements.
• Business applications:
The computing power of Akash Network is mainly used for data preprocessing and model inference, with recent attempts and developments in model training. Akash Network collaborates with ThumperAI to train foundational AI models and shares them on Huggingface.
• Reducing user difficulty:
Akash Network has taken a series of measures to reduce user difficulty, including developing Cloudmos Deploy and Akash Console, integrating Cosmos Swap with Metamask, and supporting stablecoin payments.
• Token economics:
The AKT token plays several key roles in the Akash ecosystem, including serving as a staking medium to enhance network security, governance, rental settlement unit, and market pricing benchmark. By staking AKT, users can participate in the governance of the network, with voting power depending on the amount and duration of their staked tokens.
• Market performance:
According to market analysis, the AKT price shows a stable or upward trend in 2024, reflecting investors' confidence and optimism about AKT's growth potential. AKT price predictions indicate that by the end of 2024, the price will reach a high of 12.26 and a low of 4.32. By 2025, the highest price could reach 18.51, while the lowest could drop to 8.17. By 2030, the expected lowest price will be 35.27, the highest price will be 56.91, and the average price will be 46.09.
• Circulating supply and inflation rate:
According to Coingecko data, as of March 20, 2024, the circulating supply of AKT is 230,816,799, and all tokens have been fully unlocked, so there is no longer a high unlocking selling pressure. The current main circulation increase comes from inflation incentives, with a maximum supply of 388,539,008. The annual inflation rate is still around 15%. Approximately 133.49m AKT has been used for staking, with a ratio of 57.8%, indicating a relatively high staking ratio.
• Technology and cooperation:
Akash Network is a PoS public chain built on Cosmos SDK, fully utilizing the cross-chain interoperability protocol IBC, and supports composable development based on CosmWasm smart contracts. Akash Network collaborates with multiple projects, including Brev.dev, Passage, Solve.Care, Chia, Polygon, Kava Labs, and Helium, demonstrating its application potential in various fields.
• Competition and challenges:
Akash Network faces challenges from competitors like Render, io.net, and Gensyn. In particular, io.net has far superior computing resources in both quantity and quality compared to Akash, partly due to attracting computing resources with highly attractive airdrop incentives.
In summary, the AKT token, as the native cryptocurrency of the Akash Network, plays an important role in the decentralized cloud computing market, demonstrating stable market performance and growth potential. At the same time, the Akash Network continues to expand its ecosystem and application scenarios through technological innovation and partnerships. However, fierce market competition and the competition for computing resources are also challenges that the AKT token must face.
