Ankr logo
Ankr
ANKR
$0.03

Sector

Substrate

Exchange Debut

2019-03-05

Market Cap

292,670,374

Maxim Supply

10,000,000,000

Circulating Supply

10,000,000,000

Circ. Supply(%)

100.00%
Ankr logo

Ankr

ANKR

Price

$0.03

Market Cap

Sector

Exchange Debut

292,670,374
2019-03-05

Volume 24h

High 24h

Low 24h

7623059
0.030073390466
0.028241035699

Change 24h

Change 7d

Change 30d

-2.157
-5.3902
-8.5556

Maxim supply

Circulating supply

Circulating supply(%)

10,000,000,000
10,000,000,000
100.00%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Ankr-ANKR cryptocurrency:

 

Ankr-ANKR emerges as a decentralized blockchain infrastructure provider, distinguished by its global distribution across over 50 Proof-of-Stake networks. It thrives on advancing the crypto economy through a suite of multi-chain tools and comprehensive blockchain solutions. With a final score of 6.98 out of 10 in its fundamental analysis of the Ankr-ANKR cryptocurrency, Ankr signifies a noteworthy presence in the Web3 landscape, offering diverse functionalities like Ankr Build and Ankr Scan. This analysis delves into various aspects of Ankr, evaluating its strengths and areas for improvement.

SOCIAL & MASS MEDIA: Score 6.9 out of 10

The performance of Ankr in social and mass media is a mixed bag. Its excellence in attracting followers and media presence (both scoring 10 out of 10) contrasts starkly with its lower community activity on social media (score 2 out of 10). This suggests Ankr’s strong appeal in some areas, but a need for enhanced community engagement to leverage its full potential in the fundamental analysis of the Ankr-ANKR cryptocurrency.

AUDIT & SECURITY: Score 4.35 out of 10

Audit and security are crucial, yet Ankr scores modestly in this domain. The high liquidity on exchanges (score 9 out of 10) is a positive sign, but the lower scores in audit results and transparency indicate significant room for improvement in ensuring user trust and security.

TOKENOMICS: Score 8.6 out of 10

Tokenomics is a strong suit for Ankr, with high scores in inflation management and decentralization of the monetary mass. This reflects a well-thought-out economic model that could contribute positively to the project’s sustainability and investor confidence.

ECOSYSTEM DEVELOPMENT: Score 7.3 out of 10

Ankr’s ecosystem development shows promise but also highlights areas needing attention. Achieving objectives and plans for new developments indicate a forward-moving project, but these scores suggest the need for more consistent progress and implementation.

TEAM & DEVELOPERS: Score 5.8 out of 10

The team behind Ankr, particularly the software developers, are highly rated, indicating strong technical capabilities. However, the overall experience of the team appears to be a limiting factor, suggesting the potential benefit of incorporating more experienced professionals into the team structure.

PRODUCT & UTILITY: Score 7.28 out of 10

Ankr’s product utility scores reflect a solid foundation, especially in terms of token utility within the ecosystem. However, there’s room for enhancing the overall utility of the product to ensure it meets the evolving needs of users.

PARTNERS & INVESTORS: Score 7.25 out of 10

In terms of partners and investors, Ankr has made commendable strides, but there’s still potential for growth. Strengthening partnerships and attracting more capable investors could further bolster the project’s standing.

Fundamental analysis of the Ankr-ANKR cryptocurrency – The final conclusion

In the final analysis, Ankr-ANKR holds a unique position in the blockchain infrastructure domain. Its strong points in tokenomics and product utility are offset by areas needing improvement, such as community engagement and team experience. The fundamental analysis of the Ankr-ANKR cryptocurrency reveals it as a project with potential, yet one that faces challenges requiring strategic focus. Investors considering Ankr must weigh its innovative solutions against these developmental needs, acknowledging both its promise and the risks inherent in a growing, dynamic sector. The project’s evolution will be key to determining its long-term impact and success in the ever-evolving world of cryptocurrency and blockchain technology.

What is Ankr-ANKR?

 

Ankr operates as a decentralized blockchain infrastructure provider, managing nodes globally across over 50 Proof-of-Stake networks. Its services facilitate the growth of the crypto economy and offer multi-chain tools for Web3 users. Ankr Build, a key component, offers blockchain developer solutions such as APIs, a decentralized multi-chain network of public RPC nodes for accessing blockchain data, and Ankr Scan for viewing on-chain information across blockchains.

Staking and Yield Earning with Ankr

Ankr Earn simplifies staking, liquid staking, and other yield-earning opportunities for crypto investors. It aims to resolve the capital inefficiency in Proof-of-Stake networks, creating a scalable and decentralized staking infrastructure.

Education and Learning Resources

Ankr Learn provides tutorials, tools, and documentation, aiding users and developers in understanding blockchain-based systems.

Foundational Background

Founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, Ankr originated from their early involvement in Blockchain at Berkeley. Their vision was to create the most decentralized and scalable Web3 infrastructure.

Unique Aspects of Ankr

Ankr distinguishes itself as a node infrastructure and decentralized web services provider. It enables seamless interaction between DApps and blockchains and facilitates asset delegation to validator nodes.

ANKR Token Functionality

The ANKR token, essential for transactions and governance on Ankr’s platform, exists as an ERC-20, BEP-2, and BEP-20 token. It’s also available on Polygon, Avalanche, and Fantom networks. The token is crucial for monetizing node excess capacity and supporting a pay-as-you-go model.

Network Security

Ankr ensures network security through verification nodes, a reputation-based system for actor filtering, and performance tests for computational resource distribution. It employs Intel SGX for heightened security and a Native Oracle System (NOS) for secure off-chain data transfer.

Fundamental analysis of the Ankr - ANKR cryptocurrency

Ankr - ANKR performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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SCORE: 6.01
RATING: Good