Akash is a token of the marketplace of cloud computing resources, designed to reduce losses, DeCloud for DeFi. The network token is used as a bidding mechanism to protect the network and normalize computational prices for a market auction.

Akash Network news today, AKT crypto latest news of coin ticker

Akash Network

🗳️ GOVERNANCE PROPOSAL DETECTED 🗳️

Should Cosmos Core, the Interchain Index, swap its $JUNO holdings to @akashnet_’ token $AKT?

🔗 on Mintscan: https://mintscan.io/ki-chain/proposals/11…

Here's the tldr and how to vote: 🧵 👇

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🗳️ Governance proposal #11 has passed unanimously! ✅

Cosmos Core 🔵 will begin the un-bonding process of its $JUNO holdings.

The un-bonding period on Juno Network takes 28 days, after which all $JUNO tokens will be swapped to @akashnet_ ' $AKT and staked!

Governance proposal #11 has passed unanimously. Cosmos Core will begin the un-bonding process of its $JUNO holdings.