ANKR is the native token of its ecosystem, used to make payments, access applications, pledge and participate in governance. As a globally distributed company with a mission to create and develop a better Internet, decentralized governance is an important part of the project's blueprint. The token was initially launched on the Ethereum blockchain as an ERC-20 token, but has since been integrated with other protocol standards, including BEP-20 on the Binance Smart chain. ANKR has a total supply cap of 10 billion tokens and a circulation supply of 6.5 billion. To a large extent, the value of ANKR is driven by practicality, related to the technology, use cases, and actual adoption rates of the ANKR protocol.
Holding ANKR gives users the ability to participate in the network in one of three ways: running their own nodes and pledging, developing and deploying applications, and accessing enterprise solutions. Network participants can easily deploy their nodes and earn passive income, using idle computing power to power the network and earning more Ankr using the Stkr protocol developed by Ankr.