As the crypto market continues to make progress, new coins are launched with more and more diverse features, Ankr is just another crypto project that touches the depth of decentralized finance.
What is ANKR?
Ankr is a decentralized provider of infrastructure to the Web3 web to developers and stakers.
There is an Ethereum based cryptocurrency with the same name. It powers the fastest and most reliable Web3 infrastructure, launched in 2019 by Ankr, a Web3 infrastructure provider company. It enables the resource providers and end users to easily access an array of blockchain technologies and DeFi applications.
Architecture Behind ANKR Platform
Currently the infrastructure rests on the following blockchains: Ethereum, Arbitrum, Polygon, Binance Smart Chain, Fantom, and Avalanche.
Origin and Mission
The Ankr network was first designed at the University of California in 2017.
As a distributed computing platform it enabled customers to access resources at an affordable rate, while at the same time enabled enterprises to monetize on their spare capacity.
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Dawn of Decentralized Cloud Computing
The cloud computing model offers an on demand delivery of information technology resources by means of a pay per use basis from the Internet.
You can pay for a cloud computing service, instead of buying and maintaining computer hardware or services.
Doing all this by yourself saves you time, effort and costs!
Brief Overview of Cloud Computing
While the centralized cloud computing mainly works with the singular or limited data centres, the decentralized cloud focuses the distribution of resources across a wide range, often dispersed geographical localities. Such a distribution provides better resilience against breakdowns or potential cyber attacks.
The Shift Towards Decentralization
Ankr offers decentralized Web3 infrastructure blockchain services for decentralized applications (DApp) using a distributed cloud network.
How Ankr Stands Out in the Market
The network provides a one-stop solution for staking nodes, developer APIs for Web3 products, and other enterprise solutions.
It makes it seamless and economical to participate in blockchain ecosystems via its cross-chain decentralized finance platform.
Unique Features of Ankr
This unique network helps the development of decentralization, bringing more security and more privacy to the internet. What makes Ankr unique is it’s employment of the Intel SGX. This technology makes for the main component of the system and runs the DApps with the hardware system. In this way, Ankr provides unique and cost effective solutions to the developers and enterprises.
Comparison With Other Platforms
There are a lot of providers to choose from in terms of cloud computing. Amazon Web Services, Microsoft Windows Azure and Google Cloud are some of the most famous.
Ankr is one of the leading players in cloud computing. This option offers a range of features and advantages, which make it an attractive choice for companies of all sizes, although they may not have the same level of reputation as some of their more well known competitors, Ankr is definitely worth considering.
Ankr’s Ecosystem and Components
Rather than physically looking for addresses and occasions utilising RPCs, Ankr’s Inquiry API looks at Ankr’s database for an extent of squares. As a blockchain creates an unused square, it is transferred to a database, permitting inquiries to be replied to right away.
Designers may utilise the token API to rapidly get data on almost all the tokens on Ankr’s EVM-compatible blockchains. Clients may get data like token account equalizations, current advertised esteem, and the full sum of tokens on a certain blockchain.
NFTs are a fundamental component of Web3. As a result, designers require apparatuses to help them in working with NFTs.
The Ankr NFT API enables developers to quickly seek data around NFTs over the API’s six connected blockchains.
Designers may learn approximately the proprietor of an NFT, when it was made, its exchange history, and much more.
Using Ankr for dApp Deployment
The process of deploying smart contracts and DApps to a blockchain using specific API’s (Application Programming Interfaces) is made easier by Ankr protocol by instant provision of API services as well as remote RPC access via the network of decentralised node providers. The API will supply the DApp with the needed information required to run smoothly.
Staking on the Ankr Platform
Ankr’s Eth2 staking protocol and platform binds staking with DeFi and thus implements non-custodial management, Micropools, instant liquidity, and decentralised governance.
Opportunities for Enterprises With Ankr
Ankr provides a Web3 Infrastructure-as-a-Service model for enterprises that need flexible, custom made solutions. Ankr’s API and RPC services are accessible through a monitoring platform to businesses dealing with multiple blockchain networks. This feature serves more specifically to business use cases.
Cost-effective Cloud Solutions
The developers can save a huge deal of infrastructure expenses by simply hosting on the Ankr cloud, adopting an eco-friendly solution. It is reported that 80% of cloud expenses are reduced using this feature.
Enhanced Data Security and Privacy
The Ankr network is protected through the rapid use of computational power that assists distribution of blocks across the network and creates an infrastructure that maintains the deployment of APIs, enterprise solutions, and staking protocols.
The quality of the network is maintained through the verification nodes in the block validation process.
The system is designed in such a way that all stakers get a chance to be selected based on their services and positive contribution of nodes, and not on the biggest balance amount staked.
Ankr in the World of DeFi and NFTs
Not only does Ankr offer staking across multiple chains, but also addresses the common DeFi (Decentralised Fiance) issue by provision of reward-earning tokens representing the stake funds known as ‘Liquid Staking Tokens’. Such tokens can be further used for additional earnings like liquid mining, yield farming, lending, and more.
Integration and Partnerships in the DeFi Sector
With Ankr, you can integrate the following:
- Delegated Staking
- Liquid Staking
- Oracles
- Liquid Crowdloan
NFT Platforms Leveraging Ankr’s Infrastructure
By using Ankr’s decentralised infrastructure, the Defi Platforms, NFT Projects, Blockchain Games and Dapps of any kind have been able to accelerate their access to blockchain technologies at a more Scalable and Cost Effective rate. These applications are guaranteed optimum performance because they are managed by many highly successful nodes in the world that serves simultaneous requests.
Ankr NFT API is a set of Javascript-based developer tools serving to request NFT data across six EVM-compatible blockchains: Ethereum. Binance Smart Chain, Polygon, Arbitrum, Fantom, and Avalanche.
Economic Aspects of ANKR Token
Ankr is one of a handful of blockchain projects that are looking to build their own truly decentralised environment for the next generation of entrepreneurs. In addition, the creators of Ankr have set a goal to enable businesses to optimise cloud services and computers by combining them in one powerful network of servers.
Utility and Functions
Ankr is a utility token that possesses more than one use case. What that means is it can be used for staking, voting on governance proposals, and also as a payment means for accessing services provided on the Ankr network, such as dApp and protocol deployment.
Ankr also functions as a reward for stakers and network participants by trading the Ankr token in the crypto market, while its utility mainly powers the Ankr ecosystem.
Tokenomics and Distribution
Ankr being the native currency of the project, acts as an ERC-20 token for the payment to providers who offer their idle capacity to the Ankr Network.
Investors find a good opportunity to stake on these tokens for a continual ROI in the platform.
As the circulation of tokens reduces, the decreased supply eventually increases the value of tokens, and this helps out the investors in maintaining the initiative.
How Has ANKR Token Performed?
Although ERC-20 Ankr tokens can be placed in any wallet that supports Ethereum, the selection of wallet depends on the usage and amount of tokens.
Historical Performance and Trends
It has been proven that the crypto market is more volatile in nature than traditional financial markets and therefore, Ankr is not free from this risk of the drastic price changes of the underdeveloped market of digital assets.
Ankr operates in a rather volatile market, which indicates the worth of Ankr can change rapidly in accordance with market trends and various influential elements of the market.
Factors Affecting Its Value
The price of Ankr is mainly affected by different elements operating in the digital market, varying from its supply of 10 billion Ankr tokens. The market price of Ankr tokens can also be determined by developments, technological progress, system updates, software upgrades, along with the Ankr mainnet. However, the intrinsic value of the Ankr tokens is most often set by its very technology, technical capacity, and use cases.
How to Buy ANKR on Binance
Binance is a centralised exchange where you are allowed to purchase several cryptocurrencies including Ankr. Before you can use the Binance platform, you’ll need to open an account and verify your identification.
To start trading Ankr on Binance, please follow the following steps:
Creating an Account
To create an account on Binance, click on the link below, which will take you to Binance’s Registration Page using a special Coin-Labs referral code.
KYC Verification
This process involves verifying the identity of the customer and assessing the risk associated with that customer. The Know Your Customer process can include the demand of personal data, including names, addresses, birthdates and identity documents, for example passports or driver’s licences.
Two-factor Authentication (2FA)
2FA is crucial for the security of each user’s account and to maintain a safe atmosphere for the Web3 environment. It verifies that the email address used to register an account on Binance is valid.
Funding Your Binance Account
Of course you cannot buy ANKR tokens with an empty wallet. You can have cryptocurrency in your Binance account or use a bank transfer. Before moving on to the purchasing step, it is important to have sufficient funds for the number of tokens you want to purchase.
Navigating Binance’s User Interface
It is easy and pleasant to use Binance’s user interface. Click on your Binance account to sign in. You can reach Wallet by going to Funding Wallet and clicking it. You’ve got to choose the crypto currency that you want to deposit.
Placing Your Order
Click on the “Buy Crypto” link on the top of the Binance website navigation and learn about the available options to purchase Ankr in your country.
For new users, the most feasible option is to purchase through debit or credit card.
Binance supports both Visa and MasterCard. Another way is to through a bank deposit, where you can transfer fiat currency from your bank account to Binance, and then utilise that amount to buy Ankr. There are also multiple options available to pay through third party channels, whichever are available in your region.
Transferring to a Secure Wallet
Now that you have purchased your crypto, you can now store it in your own crypto wallet or may place it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income.
If you would like to trade your Ankr to a decentralised exchange you may want to check Trust Wallet which supports millions of assets and blockchains.
The Future of ANKR
At the moment, Ankr’s price is trading around $0.02. Although mixed trends are observed, ANKR crypto has successfully maintained its price level over the last week. The results indicate that Ankr possesses the potential to reach up to, and could hit, $0.085 by the end of this year. To know more about the future predictability of Ankr token, please go through the technical analysis in order to make well informed decisions.
Conclusion
Ankr is a worthwhile project in the DeFi sector and cloud storage that combines staking of ETH 2.0 with Ankr tokens. Ankr allows the decentralisation of the internet while providing easy accessibility to the Web3 and all related functionalities. Additionally, the Ankr project caters functional enterprise solutions, developer APIs and staking nodes.
We Coin-Labs.com provides only objective information about Ankr.
Therefore, we are not responsible for the investment decision in Ankr and the resulting loss.
Ankr Basics
Here are some factors that investors should consider before investing in Ankr.
| Cryptocurrency Features | Ankr (ANKR) |
|---|---|
| Publisher or Developers | Chandler Song, Stanley Wu, Ryan Fang |
| Headquarters (Registration Number) | San Francisco |
| Symbol | ANKR |
| Platform | Ethereum |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | No limit |
Reliability Score of Ankr in 2024
These are indexes mesuring the investment reliability of Ankr conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 7 Exchanges |
| Number of Available Pairs Worldwide | 331 Pairs |
| Market Cap of the Cryptocurrency | 237,457,668 USD (Rank #182) |
The table above shows the result of investment suitability evaluation for Ankr.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Ankr Price
Here are the price and recent trading volume of Ankr. (Data of 2024-11-02 00:35:00)
| Price Items | Price and Trading Volume of Ankr |
|---|---|
| Ankr Price | 0.024 USD |
| Price Change 24h | -1.20% |
| Price Change 7d | -8.53% |
| Trading Volume 24h | 10,371,118 USD |
| Trading Volume Change 24h | -3.29% |
Cryptocurrency Metadata
You can check the development status and social media information of Ankr through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | https://www.ankr.com/ |
| 📖 White Paper | https://www.ankr.com/ankr-whitepaper-2.0.pdf |
| 🛰️ Source Code (GitHub) | https://github.com/Ankr-network |
| https://twitter.com/ankr | |
| https://reddit.com/r/Ankrofficial/ | |
| 🎺 Message Board | https://www.ankr.com/blog/ |
Where to Buy Ankr
Here are the top ten world crypto exchanges where traders can buy Ankr in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/ANKR_BTC |
| Coinbase | Listed | https://pro.coinbase.com/trade/ANKR-USD |
| Kraken | Listed | https://pro.kraken.com/app/trade/ankr-usd |
| KuCoin | Listed | https://www.kucoin.com/trade/ANKR-USDT |
| Bitfinex | Not listed | |
| OKX | Not listed | |
| Huobi | Listed | https://www.htx.com/en-us/trade/ankr_usdt?type=spot |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/trade/usdt/ANKRUSDT |
| Gate.io | Listed | https://www.gate.io/trade/ANKR_USDT |
Frequently Asked Questions
What is the current price of Ankr?
Ankr price today is 0.024 USD. Furthermore, the price of Ankr has fluctuated by -1.20% from 24 hours ago, and by -8.53% from a week ago.
Where is Ankr listed?
Currently, it is listed on a total of 7 among the world top 10 exchanges.
What is the market cap of Ankr now?
Currently, Ankr has a market cap of 237,457,668 USD, which is ranking 182 among cryptocurrencies worldwide.
How much is the trade volume of Ankr?
Currently, 10,000,000,000 ANKR coins are circulating through 331 market pairs. As a result, in the last 24 hours, 10,371,118 USD of ANKR coins were traded in the market.
