Akash on Stake DAO

Stake Capital is proud to announce our strategic partnership with Akash.

Akash is the world's first decentralised cloud computing marketplace, focused on building The Unstoppable Cloud, a fully sovereign cloud infrastructure that cannot be challenged or taken down by adversaries or hackers.

With 70% of the market share, three centralised cloud service providers, AWS, Microsoft Azure and Google Cloud, currently dominate the market. There are few alternatives to these centralised options, who provide inflexible services at a high recurring cost.

Akash solves this problem, leveraging 85% of under utilised cloud capacity in 8.4 million data centers to enable anyone to buy and sell unused cloud compute. 

Akash DeCloud accelerates scale and price performance for DeFi, decentralised organisations, and high-growth industries.

Due to our shared vision and as part of our on-going strategic partnership;

Stake Capital will be migrating our non-critical operations onto Akash, and enabling users of Stake Capital to delegate to Akash via Stake DAO.

Akash Network is a sovereign proof-of-stake chain built on Cosmos Hub that leverages the Akash Token (AKT), a native utility token, as the primary means to govern, secure the blockchain, and provide a default mechanism to store and exchange value.

AKT will be listed on Stake DAO, allowing users to stake their AKT and secure the Akash PoS network in return for a yield on tokens staked. Until meaningful income is realized from network cloud spend, Akash stakers will earn from inflation rewards and transaction fees. 

As Akash moves closer toward their Mainnet, users can help to strengthen and secure the network by joining their incentivised testnet; The Akashian Challenge, which is now moving into its third and final phase.

With 500,000 Akash Token (AKT) in rewards, and validators and developers joining from around the world, The Akashian Challenge Phase 3: Developer Operations tests its users’ technical and social cunning through a series of tasks and open-ended challenges that get progressively more difficult.

The Akashian Challenge Phase 3: Developer Operations will launch on Monday, November 30th at 1700 UTC / 9:00AM PST.

To learn more about Akash Economics, visit their tokenomics page, or read the whitepaper.