ANKR Token Total Supply and Supply Mechanism
ANKR is the native utility token of Ankr Network, which aims to provide Web3 developers and users with RPC/API connectivity, custom blockchain creation, and staking services through its decentralized infrastructure. The total supply of ANKR tokens is fixed at 10 billion (10,000,000,000 ANKR), a cap that has been in place since the project's inception. Notably, ANKR tokens do not have a built-in inflation mechanism, meaning that the percentage of total supply held by token holders will not be diluted over time.
ANKR Token Circulating Supply Analysis
According to public information, the supply of ANKR tokens is close to fully circulating. The initial token unlock schedule showed that 100% of the ANKR token supply was unlocked by August 2022. As of the time of writing, most data indicates that ANKR's circulating supply is approximately 10 billion, for example, Kraken once showed a circulating supply of 10,001,795,455 ANKR. While approximately 2% of Ankr tokens have been burned historically, the project currently states that further burns are unlikely as it does not align with their long-term strategy.
ANKR Token's Ecosystem Role and Uses
ANKR token is the core utility token in the Ankr ecosystem, and its main uses include:
- Service Payments: Users and developers need to use ANKR to pay for services such as RPC/API, custom blockchain solutions, etc., on the Ankr network.
- Staking and Rewards: ANKR tokens can be used for staking to support network security and decentralization, and stakers have the opportunity to earn rewards.
- Governance: ANKR holders can participate in Ankr network governance decisions through their tokens, proposing suggestions or voting on the project's future development direction.
- Developer Discounts and Referral Rewards: ANKR tokens can also be used to enjoy developer service discounts and as a reward mechanism for referring new users.
Considerations for Token Quantity Setting and Market Performance
The Ankr team chose a total token supply of 10 billion to provide token holders with a more convenient integer trading experience, avoiding complex fractional calculations. The project envisions that after Web3 becomes widespread, millions of developers can each hold up to 10,000 tokens to better use integer tokens. In terms of market performance, ANKR's price experienced significant growth between January and April 2021, reaching an all-time high of $0.21. However, since November 2021, affected by the overall cryptocurrency market downturn, ANKR's price has generally been on a downward trend, with occasional increases and periods of stability amidst market volatility.
ANKR Coin Trading Channels
As of the time of writing, ANKR tokens can be traded on multiple mainstream cryptocurrency exchanges. Users can find ANKR trading pairs on platforms such as Binance, HTX, MEXC, Upbit, Phemex, LBank, WhiteBIT, BtcTurk Kripto. Please note that the cryptocurrency market is highly volatile, and investors are advised to fully understand the risks and verify the latest trading information before trading.
