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Akash Network (AKASH)

ICO

Akash provides an open marketplace connecting companies with idle compute capacity to users who need it.

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Overview

Project industryBig Data & Data Storage
Product typeMarketplace

What is Akash Network

Akash.network currency is a digital token the Akash, whose ledger is stored on a blockchain.

Akash providers bid to place workloads, driving costs down. There is no middleman on the Akash network, so no entity uses monopolistic power to extract highest possible margins.

Companies from over the world can monetize slack server capacity sitting in their owned or collocated datacenters, then pull capacity back from the network whenever they need it.

Deployment slots are allocated via an auction process that begins with a user defining the deployment criteria (resources, topology, price) in a declarative file posted to the Akash blockchain. Akash providers then programmatically bid on the deployment, with the low bid winning and creating a lease between tenant and provider, again written to the chain.  

Details

Token supply: 400,000,000
Hard cap: 20,000,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: Cuba, Iran, Sudan, Syria, United States, North Korea
Registration country: United States
Registration year: 2015

Token info

Ticker: AKASH
Type: Utility-token
Token price in USD: 1 AKASH = 0.0514 USD
Accepted currencies: ETH
Token distribution:
40% - Investors
30% - Rewards
20% - Team
10% - Reserve

Akash Network Roadmap

1
June 2016

Development begins on DISCO.

2
December 2017

Whitepaper v1 released.

3
January 2018

Development begins on Akash Network.

4
March 2018

Whitepaper v2 released.Agreement signed for test and main net capacity with bare metal provider Packet.

5
April 2018

Marketplace prototype released .

6
June 2018

Deployment prototype release.

7
July 2018

P2P filesharing prototype release.

8
August 2018

Overlay Network prototype release.
Whitepaper v3 release.

9
September 2018

Testnet launch.
Provider certification program launch.

10
Later Q3 2018

Mainnet launch.
Akash token available on exchange(s).

11
Q4 2018

Onboard, ramp pilot users and providers.
Iterate quickly in response to production usage and feedback.

12
Q1 2019

Launch of container-native PaaS.
Akash Platform supports Heroku-like "push to deploy" functionality with SCM integration.
Globally-distributed provider supply.

13
Q2 2019

Launch of storage-only offering.
Akash Platform supports storage-only deployments without associated compute.

14
Q3 2019

Launch of Machine Learning support.
Akash Platform supports Spark/RDD integration and event-based scheduling.

15
Q4 2019

Launch of Managed Services support.
Akash Platform supports a third-party ecosystem of providers with offerings built upon Akash.

16
Q1 2020

Launch of near-edge compute support.
Akash Platform supplier distribution supports near-edge use cases.

Project team

Greg Osuri
Greg Osuri
Founder & CEO
Greg Osuri linkedin
Adam Bozanich
Adam Bozanich
Founder & CTO
Adam Bozanich linkedin
Aaron Stein
Aaron Stein
Software Engineer
Aaron Stein linkedin
Nick Alesandro
Nick Alesandro
VP of Product
Nick Alesandro linkedin
Allison Silber
Allison Silber
Head of Operations
Allison Silber linkedin

Advisors

Auren Hoffman
Auren Hoffman
Frm. CEO of LiveRamp. Frm. Co-founder of BrightRoll
Steven Fan
Steven Fan
Head of Investments, Tencent
Charles Songhurst
Charles Songhurst
Frm. Head of Global Strategy, Microsoft
Jaron Lukasiewicz
Jaron Lukasiewicz
Former CEO of Coinsetter (sold to Kraken)
Brandon Goldman
Brandon Goldman
Frm. Founder, Freshpay. Frm. Lead Software Architect, Blockfolio

Social media

Akash Network web-siteAkash Network MediumAkash Network TelegramAkash Network LinkedInAkash Network TwitterAkash Network FacebookAkash Network Github

User rating:

4/5 ( 2 )
0

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