Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Akash Network (AKT) will be available on KuCoin. Supported trading pair is AKT/USDT.
Please take note of the following schedule:
- Deposits Effective Immediately (Supported Network: Akash)
- Trading: 8:00 on May 7, 2022 (UTC)
- Withdrawals: 10:00 on May 8, 2022 (UTC)
Tags: Distributed Computing, Web3.0, Cosmos SDK
Cloud is an oligopolized industry where 74% of the market is dominated by four companies; AWS, Alibaba, Google Cloud, and Microsoft Azure, resulting in significant inefficiencies (85%+ of 8.2M data-centers are unused, representing $30B+ in comatose servers).
Akash Network’s open source cloud platform lets you quickly deploy a Docker container to the provider of choice (for less than AWS). Users lease computing resources from Cloud providers before deploying a Docker container on Akash’s Container Platform. The marketplace stores on-chain records of requests, bids, leases, and settlement payments using AKT. Akash’s blockchain is a tendermint-based application based on the Cosmos SDK.
Official Website: https://akash.network
Whitepaper: Click to view
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
The KuCoin Team
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