Sergei Kalinenko

Akash Network uses the Akash Token (AKT), its own utility token, as its primary governance, blockchain security, and default asset for storing and exchanging value.

What is it for?

Developers and organizations need cloud computing and services that provide greater scale, flexibility, and cost efficiency. In addition to the four cloud service providers (Amazon Web Services, Google Cloud, Microsoft Azure, and Alibaba Cloud), they still have several options to meet this global demand for bandwidth and content.

However, Akash developers decided to create a decentralized alternative, codenamed Unstoppable Cloud - a faster, more efficient and cheaper cloud that would make developers and organizations unstoppable.

Akash also announced an integration with Kava , a cross-chain DeFi platform, to use the Kava USDX stablecoin as the first fee-paying coin on Akash’s DeCloud platform. The Kava integration will also allow the use of the Akash (AKT) token as collateral for USDX loans.

It launched as Arbitrum One in early September after a massive $120 million funding round. According to the second layer data platform L2beat, Arbitrum is the most popular second layer network at the moment with a total value of $2.57 billion, giving it a 47% L2 market share.

Porting contracts to Arbitrum does not require code changes or downloads as Arbitrum is fully compatible with most existing Ethereum developer tools

SORA is building a global economic system with built-in tools for decentralized finance (DeFi) under the democratic oversight of the SORA Parliament based on crypto sorting. The SORA network excels in providing tools for decentralized applications that use digital assets, such as atomic token exchanges, linking tokens to other blockchains, and creating software rules associated with digital assets.

interBTC is Interlay's flagship product - bitcoin on any blockchain. An asset fully backed by Bitcoin 1:1 and censorship resistant.

INTR is the Interlay control token. The main purposes of the token:

Participation in management - making proposals for management and voting on them

Commissions and Rewards - Interlay will pay transaction fees in INTR and other digital assets.

The final number of INTRs is not limited, but the following issuance schedule is provided:

1 billion (1,000,000,000) INTR will be issued within the first 4 years

2% will be issued subsequently as annual inflation, in perpetuity

INTR follows a fair launch pattern. INTR tokens are distributed among network members, developers and early sponsors in two forms: airdrops + block rewards. It is important to note two points:

There will be no public sale or ICO

Interlay has been community driven since day one

Distribution of the original 4-year INTR supply:

70% distributed to the community as airdrops + block rewards

20% distributed to the Interlay team + early sponsors through gradual unlocking

10% is dumped into the Fund's reserve for ecosystem growth and future development.

Crowdloan #1

10% INTR is given to the community at launch using crowdloan public voting data as the distribution mechanism. Of them:

- 30% liquidity will be allocated at the time of the giveaway

- 70% will be subject to a linear rollover over the 96 week parachain slot rental period

The remaining 90% of INTR will be distributed as follows:

On-chain Treasury - 25%. Controlled by a control protocol that can use funds as needed. These INTRs are reserved for future crowdloan campaigns, LP rewards, ecosystem funding + potential rainy day fund.

Rewards for blocking in Vaults - 30%. Vaults receive INTR as payment for blocking BTC and providing the necessary insurance coverage in DOT and other assets. Early repositories receive more rewards as they take on more risk in terms of protocol maturity.

Staking for voting - 5%. In order to participate in chain governance, INTR holders must lock their tokens using the parachain. Participants receive an INTR block reward proportional to their share in the total INTR blocked for voting.

Interlay team - 20%. Current and future team + early sponsors who funded early development.

Fund reserve - 10%. Designed to fund ecosystem growth and future development.

Exactly 4 years later and the full distribution of the initial supply of 1 billion INTR, the protocol will initiate a 2% annual inflation that will continue indefinitely.

The new INTR will be fully distributed to the community!

Interlay will participate in the Polkadot parachain auctions + support the crowdloan so that the community can vote:

Target slot: 6-10

Rental period: 96 weeks (maximum rental period)

Max. lock target: 50,000,000 hard caps (21,000,000 soft caps if clear leader)