How to stake Akash Network ($AKT) - Easy Guide

How to stake AKT guide by Smartnodes

What is Akash Network?

• The Akash Network is a secure, transparent, and decentralized cloud computing marketplace that connects those who need computing resources with those that have the computing capacity to lease.
• Akash Network, also called Akash DeCloud, consists of two main components: the network and the platform.

Marketplace & Akash platform?

• The Akash Network is an on-chain decentralized marketplace for leasing computing resources.
• While the Akash Platform is an off-chain deployment platform used for hosting and managing workloads and is a set of cloud management services that leverage Kubernetes to run workloads.

DATA CENTER PARTNERS

• 6x7 Network
• OrionVM
• SimplyVC
• Equinix Metal

How to deploy an app or website to Akash Network?

Akash Network leverages Kubernetes’s container orchestration technology to provide maximum flexibility in terms of what applications can be deployed on its network. So basically, if your application is containerized with docker, it can run on The Akash Network.

The only thing you need is the currency $AKT to pay for the computing.

How to buy AKT?

You can buy Akash Network Token on both types of exchanges decentralized ( Known as DEX ) and centralized exchanges ( Known as CEX ).

1. Bitmart
2. Osmosis ( Dex )
3. Junoswap ( Dex )
4. Kraken

How to stake the AKT token?

Well after buying on the exchange you need to transfer those Akash(AKT) to a self-custodial wallet to stake.

Self custodial wallets

1. Keplr
2. Cosmostation IOS
3. Cosmostation Android

AKT in Keplr wallet

After you transfer of your assets to your new wallet, open smartnodes.one to stake Akash Network Token (AKT) with us.

Step 1- Go to the delegate section and find the Akash network.

Akash Network delegate

Step 2- Click on Delegate

Smartnodes.one

Step 3 — Connect your Keplr wallet

Connecting Keplr wallet to smartnodes.one

Step 4- Approve the requesting connection to Keplr wallet

Approving transaction in Keplr

Step 5- Input the account name and click next (*remember to check the correct chain has been selected) In this case, Akash-Network

Creating account name to stake

Step 6- Confirm the address is right and click save.

Confirming account in smartnodes.one

step 7- You can now see your Akash Network (AKT) balance, click on the delegate option located at bottom right.

Delegate AKT to Smartnodes

Step 8- A pop-up will come to select validator, amount of Akash Token (AKT) to stake, and input gas fee. ( After filling in all details- Click Send )

Fill in Delegate amount

Step 8- Approve the delegation by confirming transaction in Keplr

Approving transaction in keplr for smartnode.one

Step 9- Boom! You have successfully staked Akash(AKT).

Staked Akt at Smartnode.one

How Akash is connected to the Cosmos ecosystem?

The Akash Network is a Tendermint based blockchain application built with Cosmos SDK.

Do You know there are many projects of cosmos currently hosted on Akash Decloud

1. osmosis.zone ( Cosmos first Dex exchange )
2. spacestation.zone ( Gravity bridge between Ethereum and Osmosis )
3. craftseconomy.io ( a DAO building an economy server in Minecraft )
4. Akashlytics.com ( Make tools to boost and enhance web3 adoption. )
5. rango.exchange ( Rango is the first and most intuitive UX that integrates multiple aggregators with multiple X-Chain solutions to provide best liquidity and optimized path in a secure and easy-to-use solution )
6. passage3d.com ( Passage is an accessible and customizable 3D world for video chat, presentations, collaboration, and e-commerce. )
7. omniflix.network ( Decentralized media and network layer for Creators & Sovereign Communities powered by NFTs and related distribution protocols )

The goal of the Akash Network?

Currently, the backbone of internet hosting only depends on 4 big companies ( Like a small monopoly circle controlling around 80% of the market share)

1. Amazon web services
2. google cloud
3. Microsoft azure
4. Alibaba cloud

Well the problem lies deep down how they control the market and can also censor the information you provide on your website ( By canceling the domain and stopping the server )

Akash Network is providing censorship-resistance, permissionless, neutral, open for all, and decentralized cloud computing. Also, the Akash network provides hosting 90% cheaper than its competition.

Fun fact (Akash Network has not had any downtime since the inception of their main-net launch , Compared to Amazon web’s service which unfortunately has gone down 3 times since august of last year )

Why choose SmartNodes as your Validator?

1. Active in the community. Sartnodes Validator can usually be found in the Telegram and Discord chats answering questions and lending support to the community by answering various questions.
2. The Infrastructure used by Smartnodes is only the Best of the Best with 10 Layers of security in place to protect your assets.
3. Smartnodes Validator offers 100% Fully refunded Slash and double sign protection.
4. We are highly active in the cosmos and lend support where we can. We are community-driven. Smartnodes validator actively Votes on proposals to help ensure proper governance.
5. 100% support to the Cosmos ecosystem. Smartnodes Validator has given out over $5000 in tokens to help people get started in the cosmos space using our very own Faucet Bot https://t.me/smart_y_bot

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