Categories
Cloud Ethereum

What is ALEPH coin? What is it used for?

ALEPH coin is

The native coin of the Aleph Network.

ALEPH coin is used for

  • Pay for storage
  • Pay for computing
  • Pay for synchronistaion

How could value accrue to the coin?

Fees

  • Fees to use the protocol are paid in the token.

What is Aleph?

A protocol for simplified decentralized cloud computing. Basically an alternative to AWS for web3 and DeFi.

The coin is currently hosted on ETH, BSC and NEO and will be hosted on the protocol in the future.

How does it work

It uses IPFS and several application layers for its cloud computing. Developers can integrate the network with a few lines of code.

The network currently supports

  • Ethereum
  • Solana
  • Polkadot
  • Binance Smart Chain
  • Polygon

Use areas

  • Order Book
  • Documents
  • Metadata
  • Cloud Storage

For example backing up NFTs that are stored on an auction platform or similar.

Staking

Users can stake their tokens in their account and earn a variable APY.

  • Currently at 16%.

ALEPH Tokenomics

Total supply: 500 000 000

ALEPH coin address

Distribution

  • 10% — Innovation
  • 12% — Marketing
  • 30% — Company
  • 24% — Business Development
  • 20% — Incentive
  • 4% — NULS Foundation

DOCS

Similar projects

ALEPH coin price

Categories
Cloud Ethereum

What is ANKR token used for?

What is Ankr token?


ANKR is the utility token for the network and service.

Ankr token is used for


  • Pay for node deployment (You can also pay with USDT or credit card.)
  • Pay for app usage.
  • Stake to validate network

Why would value accrue to ANKR token?


Ankr charges some percent (e.g. 5 percent) of every deal in tokens.

When anyone buys cloud computing or deploys a node

  • Part of the fee paid to the resource provider,
  • Part of the fee paid to the Application provider,
  • Part of the fee paid to the company.

Potential value generation

  • 1-click full nodes without code on any blockchain
  • Decentralized cloud computing

Attract users/liquidity

  • Rewards for stakeholding
  • Rewards for stake consumption
  • Rewards for resources and services provision
  • Rewards for reputation

More on p. 19 22.

How does the token work?


Resource providers

Reward tokens are paid to them according to completed deals, reputation, earned fees, stake holding records etc.

Users

Rewards tokens are paid according to consumption history and stake-holding records.

Application suppliers

Reward tokens are paid to them according to completed deals, rating score, earned fees, stake holding records, etc.

Rewards (p.19)

What is Ankr?


A distributed network for cloud computing, focused on web 3.

  • Anyone who can provide 10 nodes can join as a cloud provider.
  • Users can deploy a full node on most blockchains in 1-click without any coding.

Mainnet


The mainnet uses a Proof of Service Level and Stake Byzantine Fault Tolerance (SLSBFT). A fork of Tendermint.

More about how it works can be found from p. 11 here.

A triple token model.

  • ERC20
  • Ankr mainnet
  • BEP-2 (Binance chain)

Whitepaper / Docs


Whitepaper

Triple token model

Total Supply


Total supply: 10 000 000 000

ANKR price