Ankr is a native governance token released by the Ankr Staking platforms. The token is required for payments done within the ecosystem for diverse services, for instance, node deployment or app usage. The Ankr project was founded in November 2017. It presents a marketplace for container-based cloud services based on the usage of shared resources.
Ankr positions itself as a Web3 infrastructure and cross-chain staking decentralized platform that alleviates the entrance and participation of any member in blockchain ecosystems creating dApps, staking, or hosting nodes. The company plans to become the biggest platform for cross-chain staking.
The Ankr project offers profitable staking in more than 50 protocols. With one-click node hosting services available for users, staking becomes even easier.
Ankr came up with a novel mining solution that uses the Proof of Useful Work (PoUW) consensus. It enables a self-sustainable blockchain framework that can unlock idle computing power and create a decentralized super-CPU.
With multi-chain plasma implementation, different applications received the capability to manage their smart contracts on separate chains thus removing the load from the main chain based on PoUW protocol. The platform also uses a native authenticated data feed with standardized API for business adoption.
The platform uses Plasma protocol that is used for the creation of the unlimited number of blockchains that can be supervised by the Ankr main chain. Chains are easily adjusted to serve diverse purposes depending upon different technical requirements. There are validator nodes for the members of the community who want to earn staking rewards and full nodes for software developers and businesses developing their blockchain-based products.
The platform cares about the environmentally efficient mining and sharing of computer resources. Also, a trustworthy oracle service unlocks new potentials for the platform.
Users can earn interest running a staking node that is more often referred to as a validator node. The validators should lock up tokens in their wallets when they run a node. This is necessary for the network to function. Validators verify transactions and perform other tasks as well. Participating in the development of the network they get their rewards with tokens thus generating their passive income. It’s possible to validate nodes on almost any blockchain using Ankr without the necessity to be technically savvy. Ankr delivers API endpoints for the most popular blockchains.
In October 2020, the platform introduced aETH, a synthetic bond asset that enables liquidity for ETH stakers. Also, the platform launched fETH, which is a synthetic derivative asset, developed by Ankr Staking. The goal of the asset is to provide instant Eth2 liquidity. It actually works as Eth2 futures.
In 2021, the Ankr platform entered the DeFi sector and launched a decentralized platform StakeFi and diverse yield opportunities for aETH. StakeFi is a cross-chain staking derivatives protocol that obtained the functionality of Ankr Staking. At the beginning of March, the token gained 137% of its value after the company became the top validator on Binance Smart Chain. The value of the token also increased after it was listed on Coinbase Pro in March 2021. Ankr is also supported by Coinbase Custody.
The platform launched Ankr NFT, offering Ankr PolkaPet cards via limited sale on April 2, 2021. PolkaPet friends belong to the family of crypto-collectibles creating the bridge between digital collectibles and real-world tangible cards. The platform promises to work over the development of demand for NFT.
At the time of writing, the team works over the support of such protocols as BSC (Binance Smart Chain), Fantom, Solana, Avalanche, Flow, Near, and Polkadot. Thus, Ankr covers almost any enterprise, any blockchain, or decentralized platform.
Trusted hardware employed by the service provides its security and confidentiality. The platform employs Intel SGX (Software Guard Extensions) for security as well, which is a unique feature of the platform.
ANKR is the main token of the Ankr ecosystem that provides decentralized staking services for Ethereum 2.0. The presale of the Ankr tokens took place in September 2018.
The tokens are mined by the contribution of the idle computing power for useful work computation. Tokens are used to charge for transactions thus creating a self-sustainable ecosystem, which is called by the founders of the system a “decentralized world computer”. This solution is less expensive than a similar centralized solution provided by Google or Amazon Cloud. A decentralized computer can become the strongest computing power at a low cost.
The work of the project began at Berkeley University, US. The co-founders of the Ankr project are Chandler Song and Ryan Fang. Chandler Song, the CEO, was previously an engineer at Amazon Web Services, while Ryan Fang worked as an investment banker at Morgan Stanley. They purchased 22 BTC together in 2014. Three years later these assets became the seed of their project. Knowing about the potential of the cloud computing market they decided to create a blockchain-based infrastructure to contribute to the industry presenting a cheaper, decentralized cloud.