Ankr

Ankr serves as a key infrastructure provider and facilitator within the cryptocurrency sector. Industry leaders such as Microsoft, Binance, Tencent, Polygon, Optimism, and Avalanche have long relied on Ankr for high-performance node operations and engineering services.

The platform’s global node network covers more than 75 blockchains. This extensive reach allows Ankr to provide various development tools built on this foundation, including a Web3 API/RPC platform, staking solutions, and blockchain creation services.

Essentially, Ankr supports the functionality of Web3 by guaranteeing that dApps, developers, projects, and users maintain dependable, high-speed access to on-chain data. Such access is necessary for interacting with smart contracts or executing any Web3-related activity.

While Ankr does not operate its own blockchain, the ANKR token functions as a utility asset on a primary partner chain within its ecosystem. It is used to cover gas fees, distribute staking rewards, and provide ecosystem incentives. Additionally, ANKR facilitates payments for Ankr services, handling transactions for node usage, developer discounts, and referral payouts.

The token exists in ERC-20, BEP-2, and BEP-20 formats and is also supported on the Polygon, Avalanche, and Fantom networks. The current total supply stands at 10 billion ANKR.

Ankr (ANKR) is available on a range of centralized and decentralized cryptocurrency exchanges, which provide substantial liquidity for the token. Major platforms where you can purchase, sell, or trade Ankr include:

• Coinbase
• Binance
• Bybit
• Crypto.com
• Kraken
• Gemini
• Upbit
• HTX
• OKX
• Bitget
• Uniswap

Ankr distinguishes itself in the Web3 sector by operating a proprietary global fiber network and a blockchain-native load balancer designed to manage bare-metal nodes on multiple blockchains. This architecture allows Ankr to avoid dependence on centralized cloud providers, which are susceptible to censorship and service interruptions, thereby providing a more resilient, distributed, and decentralized base for Web3 activities.

Regarding the ANKR token, its uniqueness lies in its dual function: it serves as a DePIN token for Ankr’s infrastructure while also acting as the native gas and rewards token for a primary blockchain within the Ankr ecosystem.

Ankr was established in 2017 by co-founders Chandler Song and Ryan Fang, both of whom are Forbes 30 Under 30 honorees. They launched the project soon after completing their studies at the University of California, Berkeley, having previously taken part in the Blockchain at Berkeley initiative. At that time, Chandler served as an engineer for Amazon Web Services, where he connected with Stanley Wu, who joined as the third co-founder. The trio set out with the goal of building Web3 infrastructure that is as reliable and high-performing as possible.