Place/Date: - December 1st, 2020 at 4:06 am UTC · 3 min read
Contact: BitMart, Source: BitMart
BitMart, a premier global digital asset trading platform, will list DeCloud for DeFi token Akash (AKT) on December 6, 2020. BitMart users will be able to trade AKT starting from 10:00 AM on December 7, 2020 (EST). Akash Network’s purpose is to build up a faster,more efficient, and lower cost cloud for DeFi, decentralized projects, and high growth companies, providing unprecedented scale, flexibility, and price performance.
Akash is a marketplace for cloud compute resources designed to reduce waste, thereby reducing costs up to 10x for consumers and companies, and increasing revenue for providers. By leveraging a blockchain, Akash introduces decentralization and transparency into an industry currently controlled by monopolies. The result is that cloud computing becomes a commodity, fueled by a competitive free market, available and accessible anywhere in the world, at a fraction of current costs.
Greg Osuri, CEO of Akash Network, said:
“We are excited to bring our decentralized cloud utility token to traders and investors at BitMart Exchange. By applying cutting-edge cloud computing technology and a ground-breaking business model, the AKT ecosystem accelerates development of the world’s first open and decentralized cloud, enabling greater scale, growth, and innovation for companies and developers. We look forward to seeing BitMart users on our platform.”
Earlier this year, Akash Network launched one of the ecosystem’s largest testnets, The Akashian Challenge, with 99 active validators. They also designed, prototyped, and sold through pre-sales of their Supermini, a powerful portable supercomputer that aims to help people easily generate passive income at home or at the office by becoming a cloud provider on Akash DeCloud, and secure lower-cost cloud compute to run an application or deploy a workload.
Sheldon Xia, BitMart’s Founder and CEO, said:
“Akash’s mission of utilizing advanced cloud computing to enhance internet builders’ freedom and improve the human experience resonates with me. We are excited to list AKT, a top-tier DeFi token ecosystem on our platform so as to support the booming cloud computing industry and provide our users with quality investing choices.”
BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 400+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
Akash Network is developing the world’s first and only decentralized cloud computing marketplace, enabling any data center and anyone with a computer to become a cloud provider by offering their unused compute cycles in a safe and frictionless marketplace. As the first decentralized cloud for DeFi, Akash DeCloud greatly accelerates scale and price performance for DeFi, decentralized organizations, and high-growth industries like machine learning/AI.
Through Akash’s platform, developers can easily and securely access cloud compute at a cost ten times lower than the current market providers (AWS, Google Cloud, and Microsoft Azure). The platform achieves these benefits by integrating advanced containerization technology with a unique staking model to accelerate adoption.