Ankr
About Ankr
The price of Ankr (ANKR) is $0.02447808 today, as of Sep 16 08:12 p.m., with a 24-hour trading volume of $10.90M. Over the last 24 hours, the price has decreased by -3.19%. Ankr currently has a circulating supply of 10.00B and a market cap of $244.78M.
The Ankr token (ANKR) is the native cryptocurrency of the Ankr network, a Web 3 infrastructure platform that allows users to create and manage their own nodes, which they can use for different proof-of-stake blockchains. For developers, Ankr Network provides application programming interfaces (APIs) to make connecting and communicating with DeFi (decentralized finance) platforms easy.
Ankr tokens (ANKR) serve as the main utility token on the Ankr network. Ankr is used to reward participation on the network and as a fee for using another computer’s resources and a means of blockchain verification through staking.
ANKR started as an ERC-20 token on the Ethereum network in September 2018, with a maximum supply of 10 billion ANKR. During its monthlong initial coin offering, the project raised $14.5 million by distributing 1 ANKR for $0.0055, or 5% of the total token supply. Prior to the token’s public launch, 30% of the ANKR supply was distributed in a private presale, 20% to the Ankr team and advisers and 5%. Forty percent of the token supply was left available for mining rewards, and the remaining 5% is held for marketing.
Ankr’s hit its all-time low of $0.0007111 during a broader market sell-off due to the COVID-19 pandemic. Almost a year later, however, ANKR hit its all-time high of $0.2252 after it was listed on the Coinbase crypto exchange and recognized as the top validator on Binance Smart Chain. Ankr also became featured on the HitBTC exchange in the same month, providing potential buyers with more ways to access the token. The “Coinbase effect” on ANKR was short-lived, and the cryptocurrency fell over 50% during the following month.