With the bull run 🐂 starting, I wanted to share my own point of view on $AKT and Akash Network itself.
Over the past few months, I’ve noticed some people getting bored or frustrated because $AKT has been ranging without significant price movement. Others have been questioning or sharing negative comments about $AKT, often influenced by competing projects.
However, I believe most people underestimate the true potential of Akash Network and its token.
Here’s why I believe (NFA) Akash Network and $AKT will be huge, from my personal perspective:
1⃣ 🪙 SUPPLY – A classic example but unlike some DePIN projects that can mint tokens infinitely (just like central banks printing fiat), Akash enforces scarcity. This protects the value of $AKT over time and prevents the kind of devaluation that erodes people’s trust.
2⃣ 🥮 DISTRIBUTION – A limited supply also makes $AKT fundamentally deflationary in nature, aligning incentives between users, providers, and holders. The more demand grows for GPU and cloud resources, the stronger the token becomes. As demand increases, providers can earn incentives in $AKT for contributing their resources, while users can purchase compute resources in $AKT, fueling the ecosystem and ensuring a robust, decentralized network.
3⃣ 🫶 NO MORE VESTING – All $AKT in circulation is unlocked. Unlike some projects with vesting schedules or locked tokens, this ensures full transparency and availability of the circulating supply, which builds confidence and drives value over time. Any question regarding Akash token? Have a look here: https://t.co/v4t3Imm4Ht
4⃣ ⛽️ PROVIDERS – On the product side, Akash’s ongoing onboarding of the most powerful GPUs, including the H100 and A100 from NVIDIA, with 619 (real 😉) GPUs currently onboarded, demonstrates its potential as the leader in decentralized AI compute power. Everything built on Akash is open source, ensuring transparency and trust for participants and providers from all around the globe. More info: https://t.co/zHgS1n7T00
5⃣ 🧑💻 TEAM – Akash is not a one-hit wonder. Its value will continue to multiply over time because Akash is here for the long haul. The team’s relentless effort, continuing to code and innovate through the bear market, shows their commitment to building something lasting. Innovation (something exciting is cooking behind the scenes ❤️🔥) and daily commits are a core focus, with a clear priority on building and meeting client needs. Check out the team’s work and daily contributions on their GitHub: https://t.co/x7ifyWvhgj.
6⃣ 💰 REVENUES – Akash is generating more user daily fees than top 10 projects like Cardano (#ADA). With $1.13M collected and around 8K daily since the beginning of the month, Akash is already proving its strength and real-world adoption. Have a look to stats here: https://t.co/GobgflF2YW
7⃣ 💲 FIAT BRIDGE – A game-changer: Akash is currently in beta with its FIAT money integration, offering a real bridge between the crypto world and the “real world.” This opens up a whole new world of possibilities, allowing non-crypto users to access Akash’s decentralized resources. By bridging fiat to crypto, Akash makes decentralized cloud computing more accessible to businesses, enterprises, and users outside the crypto space—expanding its reach and solidifying its place in the broader tech ecosystem. See proposal: https://t.co/J4F62vPAED
8⃣ 🇺🇸 GOVERNMENT – In light of the recent Trump election, Akash is well-positioned to collaborate with the government, as they are already familiar with each other. (https://t.co/GXJJLgEVQ9)
9⃣ 🧑🤝🧑 COMMUNITY-DRIVEN – Akash’s community is passionate and highly supportive, with 96 proposals to be voted on that were proposed by the ecosystem. The community is genuinely invested in the project’s growth, with little to no toxicity, unlike some other projects. @akashians_ and many other 💕
🔟 OPEN SOURCE & NO CENSORSHIP – I could also have mentioned open-source development, no censorship, and many other values that make Akash stand out. These principles ensure that Akash will remain decentralized, transparent, and trustworthy, which is essential for its future success.
For holders, as I told earlier, Akash has the potential to evolve into a true reserve of value for decentralized computing power, the fuel for AI, just as Bitcoin is often referred to as digital gold.
As AI continues to rise and the demand for decentralized compute power grows, Akash is perfectly positioned to be at the center of this technological revolution, driving innovation and creating long-term value for its community.
For all of this, thank you, @gregosuri, the entire team, and ecosystem! ❤️
PS: I could mention many other aspects that make Akash and $AKT stand out, but I’d rather hear your thoughts and comments. Feel free to share your perspectives below! 👇
@trugarezus That’s one incredible piece of research.
Extremely well written.
Everyone should REPOST this all over social media.
Congratulations, Trugarezus.
@MANTRA_Chain@jp_mullin888@DAMACOfficial@cosmoshub I’ve been trying to find an official announcement from DAMAC regarding their partnership with OM but haven’t come across anything yet. Could anyone please share a link here if there is one? Thanks a lot!
@jp_mullin888@MANTRA_Chain@cosmoshub
Disappointed to be banned from the Telegram group simply for asking a question about the difference between 'team token' in your first tweet and 'all my team's tokens' in the second. Just seeking clarity as an OM token holder—hoping for more openness..
1) A quick note to say how much I appreciate all the support the MANTRA team has received in the past 36+ hours. The support and kind words have come from many sources - from partners, investors, friends, and from the wider Web3 community. Thank you.
6) After this post-mortem report is released, we will share additional information on an $OM token buyback program as well as an $OM supply burn program to reinstall trust in the market and show our commitment to $OM/MANTRA in the long-term.
@MANTRA_Chain@DAMACOfficial@jp_mullin888 When will the rewards for those who staked OM on ETH or BSC up to mainnet launch be released? Any clarity on this? Thanks
Thank you @Tabichain for gifting me the mysterious treasure!
Join me in the Voyager II event to explore Pirate Island, rack up points, and return with lavish loot. Let's set sail to fortune and beyond! 🏴☠️💎
Head to https://t.co/3jd0LqtezK to claim yours!
🛡��� Only the brave can stand up against the Dread... Brace yourselves for May 15, 2024 ⚔️
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Commanders, join us on May 15th to celebrate Guild of Guardians Act 1: The Dread is Here - the inaugural chapter in the saga of Guild of Guardians! 🎉
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🎙️ AMA with the GOG team @BathalaX@ChrisClayPlays
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📅 15 May 12:30AM UTC/ 10:30AM AEST
Mark your calendars Commanders, the countdown is on: https://t.co/l2qkJRoAlr
🌐 Guild of Guardians Available Globally
@GuildofGuardian is now available worldwide. Join over 50,000 players in the battle to banish the Dread and restore light to Elderym.
📥 Download the game: https://t.co/iqASkmpqh0
#GuildOfGuardians
🌐Commanders, RISE UP! @GuildofGuardian is now available globally. Banish the Dread and restore light to Elderym ⚡️
Play Now: https://t.co/v3YpNsSUgM
https://t.co/GIVHTkwqDH
Commanders, join us on May 15th to celebrate Guild of Guardians Act 1: The Dread is Here - the inaugural chapter in the saga of Guild of Guardians! 🎉
🎬 Global Premiere of the Cinematic Launch Trailer
📍 GOG Discord Event: https://t.co/m1h7xkSqNE
🎙️ AMA with the GOG team @BathalaX@ChrisClayPlays
🎁 Special giveaway
📅 15 May 12:30AM UTC/ 10:30AM AEST
Mark your calendars Commanders, the countdown is on: https://t.co/l2qkJRoAlr
The chaos in the Cosmos right now is nothing new and honestly we’re coming full circle to its earliest beginnings.
Let's dive into Genesis. No politics, no religion. Just facts & feelings. Buckle up kids, it's story time.
1/n
14. @CrescentHub - $CRE - $26M
Crescent DEX main focus is to enable EFFICIENT use of liquidity within the cosmos. The problem being liquidity in most AMMs not being utilized.
Crescent DEX aims to solve this through "ranged" liquidity
11. @JunoNetwork - $JUNO - $226M
Juno is a decentralized, public, permission-less network for cross-chain smart contracts.
✔ Simple
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Juno is completely community owned with over 50 applications, tools and DAOs built on top.
Think $ETH 2.0 👀