Ankr Docs
About ANKR Tokens

What they are

The ANKR token is the native utility and governance token for the ANKR network. ANKR tokens are used to pay for services within the ANKR ecosystem.
There is a limited supply of 10 billion tokens with approximately 27000 holders of ANKR tokens (as of July 2021).
Tokenomics There is no inflation built into the ANKR token. For example, a user who owns 1,000,000 ANKR, would own 0.0001% of te total supply. Because there is no inflation, that user’s percentage of the total supply would not change over time.
Circulating Supply Circulating supply refers to the amount of Ankr tokens available for use in the open market. Ankr plans to release the remaining supply for distribution programs, developer grants, and to provide liquidity to future exchange listings. One hundred percent of the token supply is scheduled to be unlocked by August, 2022, though Ankr reserves the right to change this at any time for any reason.
60% over 36 months between August 2019-August 2022 Ankr Token Distribution Smart Contract** from 2019-02-21.**

Why 10 billion tokens?

ANKR chose this amount so that our token holders would not have to do fractional math**!**
It’s estimated there are around 25 million developers in the world today. As adoption increases, it is possible that ANKR could bring 4%, or 1 million developers into the Web 3.0 movement. Hypothetically, if the ANKR token was evenly distributed, 1 million developers could hold a maximum of 10,000 tokens each. This allows us to better utilize the token in whole numbers.

Burned Tokens

Approximately 2% of Ankr tokens have been burned. At this time, we are unlikely to burn more as it does not fit in with our long term strategy.

Who are they for

ANKR tokens are for anyone interested in Web 3.0 and Ankr Projects.

Key Benefits

  • ANKR tokens can be used to pay for services on the Ankr platform, such as node deployment & API services.
  • ANKR tokens allow participation in on-chain governance.

Use Cases

ANKR tokens:
  • If you are a Provider of validator services on the Ankr network, staking ANKR tokens are required to act as an insurance for network participants. 2 ETH equivalent of ANKR tokens are needed to guarantee your services to the network.\
  • Rewards for an Ankr funded node are paid out in ANKR to incentivize network participants.\
  • ANKR tokens are a way to commit to the future progress of the Ankr Network.. If you want to have a say in the network, ANKR holders can participate in governance and vote on upgrades and technical changes to the network.
Last modified 6d ago