Ankr is the protocol that makes Web3 accessible to everyone. Now its ANKR token is available on Young Platform Pro!
The Ankr protocol has many features and is suitable for those who want to develop and explore the potential of Web3 and DeFi. This Young Platform Pro listing takes you on a tour of its native token: ANKR.
What is Ankr?
Ankr is a protocol that started in 2017 as a decentralised cloud computing network (DCCN). However, today its uses have multiplied, in particular, Ankr aims to facilitate the use and development of Web3 with different blockchains. Ankr’s flagship service is related to the opening of nodes in a network. Thanks to Ankr, the barriers to becoming a node are reduced and the creation of business models, applications and strategies based on staking or validation is facilitated.
Ankr offers a range of APIs and development tools for programming on all major Layer 1 and Layer 2 blockchains.
A more specific Ankr solution is staking. With Ankr it is possible to become a staking provider by simply offering one’s own computational power to Ethereum nodes, or staking as a user with only 0.5 ETH and receiving rewards in aETH, a token tradable on Uniswap. This solution stems from the need to make participation in Ethereum 2.0’s Proof-of-Stake more accessible, which requires at least 32 ETH to be blocked.
This mechanism also applies to other staking protocols, whereby Ankr makes it possible to obtain rewards from tokens used in staking and at the same time be able to use them, through so-called “liquid staking“.
What is ANKR?
ANKR is the utility token and governance token of the protocol. It can be used with both the Ethereum standard, ERC-20, and BEP-20, the BNB Chain standard.
Its utility in the network is transactional, in fact it is the payment currency that users need to access services offered by providers in the decentralised network. The token can also be staked to contribute to the network and/or receive rewards. Ankr also has a DAO, in which any ANKR owner can participate to support the decentralised governance of the project.
Why have we chosen ANKR?
Ankr offers a reference infrastructure to DeFi users, dapp developers and professional stakers alike. It thus manages to overcome the current limitations of blockchain and make it accessible, without sacrificing decentralisation.
Chandler Song, along with two fellow UC Berkeley students, decided to found Ankr following his experience at Amazon Web Services (AWS), with the aim of decentralising cloud computing. But Ankr has not limited itself to this and has been able to adapt to the new technological demands of the rapidly changing market, developing solutions for Web3.
Pairs available?
- ANKR-EUR
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