Ankr Network Price

The Ankr Network is an Ethereum-based protocol designed to provide easy access to the DeFi economy and encourage its overall adoption. It was founded in 2017 and operates as a decentralized Web3 infrastructure on which developers can deploy their applications and facilitates cross-chain staking. It can be used to create and deploy applications within a number of different sectors, including gaming, DeFi, NFT, and social.

It hopes to be able to provide an infrastructure that facilitates the creation of decentralized projects that do not require a central authority or third-party intermediary, as well as promoting an environment where ownership of data stays in the control of the user.

ANKR is the platform’s native cryptocurrency, it is available as both an ERC20 and BEP20 standard token. ANKR has a total supply of 10,000,000,000 and is used as a utility and governance token for the network.

What are Ankr Network’s key features and how does it work?

The Ankr Network is made up of a group of nodes located around the world. They work together to process transactions in a secure and decentralized manner. A key advantage of the project includes its multi-chain support. This allows users to stake across a variety of networks via Ankr. 

Another key feature of Ankr is its staking functionalities. Firstly, since Ankr supports multiple chains, users can conveniently use the platform to stake their tokens compatible with the networks from one place. This allows users to more easily manage and organize staking opportunities. Secondly, Ankr has developed a mechanism that enables maximum potential for return. This is achieved through “liquid staking tokens”. Users are rewarded with tokens representing staked funds. They can be used for taking part in DeFi, trading, or other earning strategies such as yield farming and liquidity mining.

What is noteworthy about Ankr Network?

The Ankr Network also provides a powerful toolkit specifically for game developers and studios with the aim of encouraging Web3 adoption. The Ankr Gaming Unity SDK includes a range of services that are designed to help developers to create better gaming experiences. In particular, this includes NFT monetization strategies, kits for building games on iOS and Android, and tools for integrating blockchain compatibility with existing games. 

What can ANKR be used for?

The ANKR token powers the Ankr Network. It is used by general users of Ankr, providers, and stakers. General users of the Ankr Network must hold the ANKR token to access the products and services on offer. This includes accessing and paying transaction fees on the applications deployed on the network, staking, and voting on governance proposals.

Where can you buy ANKR?

ANKR is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, CoinBase Pro, MEXC Global, AscendEX, and KuCoin. The price of ANKR will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for ANKR market prices, please view the price charts on this page.