The world of crypto and blockchain has evolved from just being a simple chain to multichain, DeFi’s, and now emerging Web3 applications. Multiple projects originated that claimed to offer the most scalable, reliant, and fastest Web3 platforms, Ankr is one among them which does not operate on a single network but an array of nodes distributed over 50 PoS networks.
Ankr is a decentralized, cross-chain platform that enables DeFi staking and dApp development. It was designed to provide an era of new internet which is based on distributed ledger technology. The main purpose of the Ankr chain is to offer smooth access to Web3 applications and also increase the efficiency of the blockchain.
Soon after the launch of the Ankr Mainnet, the developers further launched a staking protocol called Stkr that swaps aETH for every ETH staked. The network participants are also rewarded with aETH, while the users also built & deploy nodes, dApps and enjoy the perks of becoming stakers on the Aknr Web3 platform.
|Founder||Chandler Song and Ryan Fang|
|Blockchain Protocol||Ankr Chain|
|Market Cap||$244.87 million|
|Circulating Supply||9.6 billion|
|Max Supply||10 billion|
Ankr protocol was founded in 2017 by Chandler Song and Ryan Fang who are the Forbes 30 under 30 laureates. Soon after graduating from University of California, both the roommates began to work to build the most decentralized and scalable Web3 infrastructure. They were also accompanied by a former Amazon computer engineer, Stanley Wu.
Chandler Song was previously working with Amazon as an intern where-in Stanley Wu was his manager. A discussion on a paper on proof of useful work, further led to the creation of Ankr with Song as CEO, Fang as COO and Wu as CTO.
The ANKR, native token of the protocol was first introduced through a token sale wherein the team raised $18.7 million over six days. Further a presale was conducted which raised $15.9 million and $2.75 million in a sale which was open to the general public.
Along with this, the platform also raised tens of million dollars form leading industry giants like Pantera Capital, NEO Global Capital etc.
Ankr protocol mainly focuses on building next-gen decentralized internet and to achieve, it mainly constitutes the 2 below mentioned functions.
Offering Node Infrastructure
Ankr is a cross-chain platform that deals with e nodes of multiple platforms. It analyzes the limitations of the user who do not have resources to launch a node from scratch and participate in PoS validation. Therefore, allows access to dozens of blockchains like Tron, Kusama, etc to simplify the process.The platform also offers API’s to deploy decentralized apps and advance the adoption of web3.
Staking on Ankr
Moving ahead, Ankr also simplifies the onboarding process for the users by offering smooth staking on different blockchains. As mentioned before, the platform has launched StakeFi, specifically for staking ETH. The main attraction of the platform is one can stake as low as 0.5 ETH compared to 32 on ETH 2.0.
|Ankr Price Today||$0.025|
|Price Change <Yearly>||-68.6%|
|Market Rank (as per CMC)||134|
|Market Cap||$244.7 million|
|Fully Diluted Market Cap||$253.35 million|
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