AI is getting to become a large part of our lives and one issue that AI is facing is storage space. Akash Network is a pioneering decentralized marketplace designed to disrupt the conventional cloud computing paradigm. It offers a transformative platform that empowers individuals and underutilized data centers to provide their computing resources. In a world dominated by major cloud providers like Amazon AWS, Google Cloud, and Microsoft Azure, Akash Network stands as a decentralized, cost-effective, and highly resilient alternative.

Product Value and User Pain Points

Akash Network provides a compelling value proposition to its users, offering a more cost-effective, reliable, and censorship-resistant cloud computing solution. It further boasts features like flexibility, privacy, and affordability, making it an attractive choice for a diverse range of users and applications.

Akash Network effectively addresses key challenges associated with centralized cloud computing providers. Firstly, it tackles the issue of high costs prevalent in the cloud industry. Major cloud providers often burden users with substantial expenses, making cloud computing an expensive endeavor. In contrast, Akash Network distinguishes itself by offering substantial cost savings that can potentially reduce expenses by a significant margin, potentially up to 80-90%. This cost-effectiveness makes Akash an appealing alternative for users seeking to optimize their cloud computing budgets.

Furthermore, Akash Network counters the risk of censorship that looms over centralized cloud providers. These providers possess the authority to deplatform users at their own discretion, creating a worrisome threat to user freedom and autonomy. In stark contrast, Akash, functioning as a decentralized network, upholds a commitment to censorship resistance. It empowers users by ensuring they cannot be censored or banned for any reason, thereby safeguarding their rights and enhancing their ability to operate without fear of arbitrary censorship. Additionally, Akash efficiently addresses the problem of underutilized resources within the cloud computing industry. Many data centers operate below their capacity, leading to inefficient resource allocation. Akash Network leverages these underutilized data centers, effectively optimizing resource utilization and contributing to a more streamlined and efficient cloud computing ecosystem. This resource efficiency not only benefits users but also aids in minimizing wastage and enhancing overall operational effectiveness.

Tokenomics and Risks

Akash Network's native token, $AKT, fulfills a multifaceted role within the ecosystem. Firstly, it serves as a fundamental means for facilitating transaction fee payments, streamlining the process of conducting transactions and settlements within the network. Beyond its utility in transactions, $AKT assumes a pivotal role in governance mechanisms, enabling stakeholders to participate in decision-making processes, enhancing the platform's decentralization, and ensuring the voice of the community is heard. Moreover, $AKT finds application in settling cloud computing service leases, providing users with a convenient and versatile method of securing the resources they require.

The initial distribution of $AKT tokens occurred during Akash's launch in 2020, with allocation made to diverse stakeholders. These stakeholders encompassed the public, investors, team members, foundation, ecosystem contributors, testnet participants, and select vendors. A noteworthy aspect of this distribution is the implementation of a three-year unlock schedule, designed to manage the release of tokens over time. Furthermore, $AKT operates as an inflationary token, although it adheres to a capped total supply. The inflation rate commenced at 4.5% per month and is structured to gradually decrease over time, following a meticulously defined emissions schedule that ensures the token's stability and controlled growth.