As the cryptocurrency market expands, numerous new coins emerge with diverse objectives and applications. Ankr is a prominent DeFi project leveraging the potential of blockchain technology. Ankr’s primary goal is to provide easy Web3 access and enhance blockchain infrastructure efficiency. This Klarda article provides detailed information to help you understand the project and build an effective investment strategy.
Table of Contents
1. WHAT IS ANKR?
ANKR is a decentralized platform offering infrastructure services for various blockchains. Simply put, Ankr enables developers and applications to easily access the computational resources needed to operate on multiple blockchains without building and managing their own infrastructure.
Ankr provides numerous features and tools, including node hosting, staking pools, analytics, and automated notifications. These services simplify Web3 participation by offering straightforward solutions.
Node creation is supported across multiple blockchains, and node operators pay Ankr a monthly fee to utilize these services.
2. ANKR’S KEY HIGHLIGHTS
ANKR’s main highlight is its robust decentralized infrastructure platform, simplifying blockchain access and usage with these key features:
- Low Cost: Users access Ankr’s cloud computing at a significantly lower cost compared to similar platforms like Alibaba Cloud, Google Cloud, and Microsoft Azure. Resource providers also benefit from shared computing power.
- Diverse Functionality: Ankr supports resources for multiple platforms, including liquid staking utilities, APIs/SDKs, RPCs, decentralized infrastructure systems, and games, all linked to the Web3 ecosystem.
- Ankr Cloud Platform: Ankr clients can monitor activated node types and data on new functionalities, along with most current and upcoming programs.
- Liquid Staking: The Ankr project addresses the liquidity lock-in challenge when depositing assets on Proof-of-Stake networks. Liquid staking allows users to optimize capital without worrying about their funds being “locked” due to staking.
- AppChains Development Approach: Ankr AppChains offer guaranteed security, processing speed, and flexibility. Unlike some projects where you might share 300 transactions per second (TPS) across multiple blockchains and incur high gas fees, Ankr allows you to manage your own platform with 300 TPS.
3. HOW ANKR WORKS
The Ankr Network operates through these steps:
- User Request: Users from DeFi applications, Web3, Metaverse, etc., send data retrieval requests (RPC) to the Ankr network.
- Load Distribution: Ankr’s system distributes this request to one of the active nodes. This process uses a smart load balancing algorithm, ensuring the selection of the most suitable node based on factors like current load, performance, and reliability.
- Request Processing: The selected node processes the request and returns the result.
- Reliability Assurance: If a node encounters issues or returns inaccurate results, the system automatically redirects the request to another node to ensure uninterrupted service.
- Caching: Ankr utilizes caching to store previously retrieved data, speeding up repeated requests and reducing node load.
- Diverse Infrastructure: Ankr uses both cloud nodes and physical nodes, combined with different node types (archive nodes, full nodes, light nodes) to optimize performance and meet diverse user needs.
4. OVERVIEW OF THE ANKR TOKEN AND TOKENOMICS
Analyzing key metrics, token allocation, and token sale history provides a comprehensive view of the ANKR Token’s position in the cryptocurrency market. Since May 2019, Ankr has had three types of Ankr tokens:
- ANKR Token – ERC-20 (based on the Ethereum network)
- ANKR Token – BEP-2 (based on Binance Chain)
- ANKR Token – Ankr Chain (native token of the Ankr ecosystem)
Deployment on various blockchain platforms enhances Ankr’s flexibility, better meeting the needs of users and the community across diverse blockchain ecosystems.
4.1. Key ANKR Metrics
- Ticker: ANKR
- Blockchain: Ethereum, Polygon zkEVM, Avalanche, Optimism, Linea, Polygon POS, Arbitrum, Mode, BNB Chain, Fantom
- Smart Contracts:
- Ethereum: 0x8290333cef9e6d528dd5618fb97a76f268f3edd4
- Polygon zkEVM: 0xdf474b7109b73b7d57926d43598d5934131136b2
- Avalanche: 0x20cf1b6e9d856321ed4686877cf4538f2c84b4de
- Optimism: 0xaeaeed23478c3a4b798e4ed40d8b7f41366ae861
- Linea: 0xa8ae6365383eb907e6b4b1b7e82a35752cc5ef8c
- Polygon POS: 0x101a023270368c0d50bffb62780f4afd4ea79c35
- Arbitrum: 0xaeaeed23478c3a4b798e4ed40d8b7f41366ae861
- Mode: 0xdf474b7109b73b7d57926d43598d5934131136b2
- BNB Chain: 0xf307910a4c7bbc79691fd374889b36d8531b08e3
- Fantom: 0xdf474b7109b73b7d57926d43598d5934131136b2
- Decimals: 18
- Token Standard: ERC-20
- Token Type: Utility Token
- Total Supply: 10,000,000,000 ANKR
- Circulating Supply: 10,000,000,000 ANKR (100%)
4.2. ANKR Token Allocation
- Private/pre-sale: 30%
- Public sale: 5%
- Community & miners: 40%
- Team & Advisors: 20%
- Marketing: 5%
4.3. ANKR Token Sale
The Private/Pre-sale round of $ANKR was held from April 2018 to July 2018, issuing 3,000,000,000 $ANKR at $0.0044. Compared to the ATH price, this yielded a 49.07x ROI, or a 4806% increase.
The ICO took place in September 2018, with an issuance price of $0.0066, raising $3.3 million. At the time of writing (November 2024), the token maintains positive profits with an ROI of 542%.
4.4. ANKR Token Use Cases
The ANKR token plays a crucial role in the Ankr ecosystem, serving various purposes:
- Staking for Rewards: Stake ANKR tokens in an exchange wallet to earn ANKR rewards after a defined period.
- Access to Comprehensive Services: From participating in network nodes and using APIs and RPCs to accessing staking features, ANKR is the sole payment method.
- Voting and Proposals: Besides staking rewards, users participate in community development activities like voting and proposing ideas for Ankr’s ecosystem growth.
- Trading: ANKR tokens are bought and sold on cryptocurrency exchanges for profit.
Note: Only the native Ankr token (ANKR) can be used within the Ankr platform ecosystem. ERC-20 and BEP-2 ANKR tokens are tradable only.
5. ANKR TOKEN PRICE
This section provides information on the ANKR Token price, including its historical high and low, illustrating the token’s value fluctuations:
5.1. All-Time High Price
The highest price ever recorded for Ankr Network (ANKR) was $0.2135 on April 16, 2021. As of November 2024, ANKR’s price is down 88.04% from its record high.
5.2. All-Time Low Price
The lowest price ever recorded for Ankr Network (ANKR) was $0.0007073 on March 13, 2020. Compared to this lowest price, the current price (November 2024) has increased by 3,511.89%.
6. HOW TO ACCUMULATE ANKR TOKENS
You can acquire ANKR Tokens through:
- Direct purchase on an exchange platform.
- Participating as an Edge Node and contributing to the system to receive ANKR Token rewards.
7. ANKR TOKEN WALLETS AND EXCHANGES
For secure and convenient ANKR Token storage and trading, choose suitable wallets and exchanges. Here are popular options:
7.1. ANKR Token Wallets
- Software Wallets: MetaMask, Trust Wallet, and MyEtherWallet support ANKR Token storage as ERC-20.
- Hardware Wallets: Ledger Nano S, Ledger Nano X, and Trezor offer secure ANKR Token storage.
- Exchange Wallets: Store tokens directly in exchange wallets after purchase.
7.2. ANKR Token Exchanges
ANKR Token is traded on major exchanges like Binance, Coinbase, KuCoin, and Kraken. These exchanges support various ANKR trading pairs with common currencies like BTC, ETH, and USDT.
8. ANKR PROJECT ROADMAP
Ankr’s roadmap focuses on Web3 infrastructure improvements and expanding services and features. Key milestones include:
- 2017: Platform launch, expanding Web3 infrastructure for decentralized and distributed services.
- 2019: Mainnet and Stkr Protocol launch, enabling Ethereum staking and aETH rewards.
- 2020: Multi-chain staking infrastructure development, supporting blockchains like BSC and Polkadot.
- 2021: Ecosystem upgrades, providing APIs and RPCs, enhancing cross-blockchain interaction.
- 2022: DeFi and dApp support, optimizing decentralized application deployment.
- 2023: Improving decentralization, security, and compatibility with new blockchain ecosystems.
- 2024 and Beyond – Global Expansion and Web3 Infrastructure Updates: Ankr continues building a stronger Web3 ecosystem, supporting more blockchains and staking services, and enhancing user and developer support features.
Visit Ankr’s website for regular roadmap updates.
9. TEAM, INVESTORS, AND BACKERS OF ANKR
Ankr’s founding team, backers, and investors include prominent individuals and organizations in the blockchain and DeFi industries.
9.1. Founding Team
Chandler Song (CEO), Ryan Fang (COO), and Stanley Wu (CTO) are experienced blockchain professionals who founded and developed Ankr.
9.2. Investors
Ankr receives support from leading investment firms such as Pantera Capital, Binance Labs, Hashkey Capital, Digital Currency Group (DCG), Alameda Research, and Crypto.com Capital. These investors provide financial and strategic support for Ankr’s Web3 solutions.
10. SHOULD YOU INVEST IN ANKR?
Ankr’s vision is to become the next generation of cloud computing, a market projected to reach trillions in the future. To understand the investment opportunity in ANKR Token, consider these points:
10.1. Market Potential
The cloud computing market is predicted to reach trillions in the future. However, in 2024, this market is still dominated by giants like Amazon and Google (Public Cloud).
10.2. Strategic Partnerships
Ankr has built strategic partnerships with major companies and organizations in blockchain and technology. This boosts platform development and industry influence. Notable partners include Microsoft Azure, Amazon Web Services (AWS), Chainlink, Polkadot, and Binance.
10.3. Competitors
Traditional market competitors: Amazon Web Services (AWS), Google Cloud, Azure…
Crypto market competitors: Hypernet, DeepCloudAI, Uranus…
CONCLUSION ON ANKR
Ankr (ANKR) is a leading platform for optimizing blockchain performance and decentralization. With Ankr, DeFi applications operate faster, more stably, and more scalably. Investing in Ankr means investing in the future of decentralized finance. Are you ready to experience a fast, secure, and user-friendly blockchain platform?