Ankr - a cryptocurrency for those who do not understand the blockchain

We are used to the fact that cryptocurrencies take advantage of opportunities blockchain technology. However, in this case it is different. Ankr is a cryptocurrency that is intended for companies and enterprises that want to operate in the world of cryptocurrencies, but do not want or are unable to set up their own blockchains. Is it possible to count on spectacular cryptocurrency increases thanks to this? Ankr? We check.

We continue the series of the Forex Club portal, in which we analyze and describe the largest, most valued, most interesting, most developed, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Ankr - a decentralized provider of Web3 infrastructure, which has its own cryptocurrency and focuses primarily on offering access to the possibilities of the blockchain world to all those who do not want to technically go into the details of how blockchain technology works.

How does the Ankr system work?

Ankr helps developers, decentralized applications and anyone interested in doing business with various blockchains. The native token of the project is ANKR, which facilitates activities on Ankr Protocol. It pays transaction fees as well as fees for nodes approving subsequent blocks. At ANKR, you also get interest for staking your cryptocurrency.

This is a solution primarily for those who use activities between different blockchains. This is possible thanks to the Web3 system, which is used by both investors and developers.

The beginnings of the Ankr system date back to 2017. It was then that Chandler Song and Ryan Fang founded the company, and two years later the premiere of the mainnet took place. Since then, a suite of tools has been developed to allow access to the infrastructure of multiple blockchains through one decentralized platform. This can be done in two ways - provide your own node for service or pay for service to another node that already exists and operates under the Ankr Protocol.

The tools work with the most important blockchains: BNB Smart Chain (BNB), Ethereum (ETH) Polkadot (DOT), Polygon (MATIC), Avalanche (AVAX) whether Kusama (KSM). They work with DeFi platformers, NFT projects, and third-party apps. They mainly benefit from the fact that many external entities do not want to run their own nodes and prefer to use existing ones. Just like with servers that can be shared as part of the service.

How the ANKR token works

The utility token of the platform is ANKR, which can be found in the Ethereum (ERC-20) and Binance Smart Chain (BEP-20) ecosystems. It is the foundation of the entire business structure of this project. You can pay for all premium services only in ANKR tokens. Node service rewards are also paid in this cryptocurrency.

Of course, it can also be staked to earn interest for simply "freezing" your funds. The tokens are also used to vote on any changes made to the management mechanism of Ankr.

Holders of the largest number of tokens can set up nodes to handle transactions. And get financial rewards for it, which are paid out - of course - in the ANKR cryptocurrency.

ANKR cryptocurrency quotes

As of June 16, 2023, ANKR tokens can be traded on 67 cryptocurrency exchanges from around the world, including the world's most popular - Binance. Each of them currently has to be paid USD 0,019, which, with the supply of 2 tokens, translates into over USD 300 million in market capitalization. A maximum of 000 tokens will be in circulation. The peak of quotations took place on March 000, 44, when ANKR was valued at USD 10.