Akash Network (AKT)

System: Akash Network — Trusted Data and Identity

Akash Network is a decentralised cloud-compute marketplace where tenants deploy containerised workloads and independent providers bid to supply central processing unit (CPU), graphics processing unit (GPU), memory, storage, network connectivity and optional internet protocol (IP) leases. Akash mainnet launched in 2020, and the system uses a Cosmos SDK/CometBFT application chain, provider software, provider-operated compute hardware, marketplace modules, escrow accounts, Burn-Mint Equilibrium (BME) modules, Akash Compute Token (ACT) accounting balances, validators, delegators, tenants and providers. ACT is a non-transferable compute-credit mechanism, not a profiled token.

Market Data

Price$0.676294
Market Cap$197.57M
Fully Diluted Valuation$199.62M
30d Change-22.71%
365d Change-39.74%

Token Functionalities

Payments

  • Native Resource Fee (Weak)

    Right to consume Akash chain transaction resources by paying AKT-denominated fees. Strength is Weak because AKT is used for chain transaction resources, while the core compute service is funded through Akash Compute Token and Burn-Mint Equilibrium settlement.

  • Prepaid Credit

    Right to redeem or burn AKT into Akash Compute Token, a closed-loop compute credit used for Akash lease invoices. Akash Compute Token is a non-transferable mechanism of AKT, not a profiled token.

Collateral

  • Performance-Bond

    Right to post AKT as a validator performance bond, subject to slashing for rule-verified misbehaviour. Validator self-bonded and delegated AKT are folded activation states; downtime and double-signing can trigger slashing, jailing or tombstoning under Akash slashing rules.

Governance

  • Treasury Control (Unilateral)

    Right to direct on-chain community-pool or treasury assets through supported governance proposals. Strength is Unilateral within the supported on-chain spend/message scope because approved proposals execute through the governance module.

  • Technical Parameter Control (Partial)

    Right to approve protocol upgrades and technical architecture changes affecting Akash chain code, execution environment and core technical components. Strength is Partial because governance can approve software upgrades, but validators and node operators must run the upgraded binary at the upgrade height.

  • Economic Design/Parameter Control (Partial)

    Right to set or amend economic design and parameters that affect monetary flows, incentives, Burn-Mint Equilibrium, fee/take-rate logic, issuance, rewards and slashing economics where those surfaces are exposed to governance. Strength is Partial because upgrade-delivered changes require validator or node-operator execution.

  • Process and Meta Parameter Control (Unilateral)

    Right to modify governance-process parameters, including deposit, voting period, quorum, threshold and veto-threshold settings. Strength is Unilateral for exposed on-chain governance-module parameters because approved parameter-change proposals execute through the governance module.

  • Actor Set Permissioning (Unilateral)

    Right to re-weight validators that perform privileged consensus roles by staking or delegating AKT under staking-module rules. The active validator set is determined by voting power; provider admission is not included in this row.

Service Provision

  • State Transition Execution and Transaction Sequencing

    Right to execute deterministic state transitions and decide transaction inclusion or ordering for Akash blocks by staking AKT and operating as a validator. Staked or delegated AKT is the activation mechanism.

  • Generalised Off-Chain Computation

    Right to supply off-chain compute resources and execute tenant workloads on Akash by registering as a provider and locking or spending AKT as required for bids, leases and transaction fees.

System Attributes

Operating Model

<p>Akash&nbsp;is&nbsp;an&nbsp;On-Chain&nbsp;Protocol.&nbsp;Independent&nbsp;providers&nbsp;register&nbsp;on&nbsp;the&nbsp;Akash&nbsp;blockchain,&nbsp;publish&nbsp;resource&nbsp;capacity&nbsp;and&nbsp;pricing,&nbsp;monitor&nbsp;orders&nbsp;and&nbsp;submit&nbsp;bids,&nbsp;while&nbsp;tenants&nbsp;create&nbsp;deployments&nbsp;and&nbsp;accept&nbsp;bids&nbsp;that&nbsp;become&nbsp;on-chain&nbsp;leases.&nbsp;The&nbsp;deployment,&nbsp;market,&nbsp;provider,&nbsp;and&nbsp;escrow&nbsp;modules&nbsp;coordinate&nbsp;the&nbsp;economically&nbsp;critical&nbsp;marketplace&nbsp;state,&nbsp;including&nbsp;orders,&nbsp;bids,&nbsp;lease&nbsp;creation&nbsp;and&nbsp;payment&nbsp;accounting.&nbsp;Provider&nbsp;hardware&nbsp;performs&nbsp;the&nbsp;workload&nbsp;execution&nbsp;off-chain,&nbsp;but&nbsp;the&nbsp;core&nbsp;marketplace&nbsp;coordination,&nbsp;lease&nbsp;state&nbsp;and&nbsp;settlement&nbsp;path&nbsp;are&nbsp;enforced&nbsp;by&nbsp;Akash&nbsp;chain&nbsp;modules.</p>

Value Creation

<p>Akash&nbsp;has&nbsp;Hybrid&nbsp;Value&nbsp;Creation.&nbsp;The&nbsp;buyer-facing&nbsp;service&nbsp;is&nbsp;produced&nbsp;off-chain&nbsp;by&nbsp;provider-operated&nbsp;compute&nbsp;hardware&nbsp;that&nbsp;runs&nbsp;tenant&nbsp;containers&nbsp;and&nbsp;supplies&nbsp;CPU,&nbsp;GPU,&nbsp;memory,&nbsp;storage&nbsp;and&nbsp;networking.&nbsp;The&nbsp;on-chain&nbsp;side&nbsp;creates&nbsp;the&nbsp;marketplace&nbsp;and&nbsp;settlement&nbsp;layer:&nbsp;tenants&nbsp;create&nbsp;deployments,&nbsp;resource&nbsp;requirements&nbsp;generate&nbsp;orders,&nbsp;providers&nbsp;submit&nbsp;bids,&nbsp;tenants&nbsp;accept&nbsp;bids&nbsp;into&nbsp;leases,&nbsp;and&nbsp;escrow&nbsp;accounts&nbsp;account&nbsp;for&nbsp;lease&nbsp;payments.&nbsp;BME,&nbsp;oracle&nbsp;and&nbsp;escrow&nbsp;modules&nbsp;coordinate&nbsp;ACT&nbsp;funding,&nbsp;ACT-to-AKT&nbsp;conversion&nbsp;logic,&nbsp;provider&nbsp;withdrawals&nbsp;and&nbsp;circuit-breaker&nbsp;conditions.&nbsp;The&nbsp;core&nbsp;service,&nbsp;therefore,&nbsp;depends&nbsp;on&nbsp;both&nbsp;off-chain&nbsp;workload&nbsp;execution&nbsp;and&nbsp;on-chain&nbsp;lease,&nbsp;escrow&nbsp;and&nbsp;settlement&nbsp;modules.</p>

Value Capture

<p>Akash&nbsp;has&nbsp;On-Chain&nbsp;Value&nbsp;Capture&nbsp;and&nbsp;Routing.&nbsp;Tenants&nbsp;fund&nbsp;deployments&nbsp;with&nbsp;ACT,&nbsp;either&nbsp;by&nbsp;burning&nbsp;AKT&nbsp;or&nbsp;through&nbsp;the&nbsp;Console/card&nbsp;path&nbsp;that&nbsp;buys&nbsp;AKT&nbsp;and&nbsp;mints&nbsp;ACT.&nbsp;Lease&nbsp;spend&nbsp;is&nbsp;held&nbsp;in&nbsp;escrow&nbsp;accounts,&nbsp;paid&nbsp;block-by-block&nbsp;in&nbsp;ACT,&nbsp;and&nbsp;withdrawn&nbsp;by&nbsp;providers;&nbsp;validators&nbsp;and&nbsp;delegators&nbsp;receive&nbsp;block&nbsp;rewards&nbsp;and&nbsp;transaction&nbsp;fees&nbsp;through&nbsp;the&nbsp;distribution&nbsp;module.&nbsp;Mainnet&nbsp;17&nbsp;removed&nbsp;AEP-23&nbsp;take-rates&nbsp;on&nbsp;BME&nbsp;payouts.&nbsp;Console&nbsp;and&nbsp;the&nbsp;Console&nbsp;application&nbsp;programming&nbsp;interface&nbsp;(API)&nbsp;are&nbsp;material&nbsp;off-chain&nbsp;access&nbsp;and&nbsp;funding&nbsp;components&nbsp;with&nbsp;managed&nbsp;wallets&nbsp;and&nbsp;credit-card&nbsp;billing,&nbsp;but&nbsp;current&nbsp;evidence&nbsp;does&nbsp;not&nbsp;show&nbsp;a&nbsp;material&nbsp;retained&nbsp;Console&nbsp;fee,&nbsp;spread,&nbsp;or&nbsp;off-chain&nbsp;revenue&nbsp;recipient&nbsp;for&nbsp;core&nbsp;compute&nbsp;spend.</p>