Akash Network wallet

What is Akash Network (AKT)?

Akash Network is a decentralized marketplace for cloud computing. Providers with spare servers, including GPUs, lease that capacity to developers who deploy containers, AI workloads and web services on it, and the Akash blockchain settles the deals. AKT is the coin of that chain: it pays for leases, is staked by validators who secure the network, and is used in governance. The chain itself is built with the Cosmos SDK and connected to other Cosmos chains through IBC.

What this means for holding AKT

Native AKT lives on the Akash chain, where addresses start with "akash1" and the transaction fee is paid in AKT itself. Staking with a validator and voting on proposals also happen only there.

The AKT you can keep in Tangem is a different thing: a token on EVM networks. It has an ordinary 0x address and behaves like any other ERC-20. Two consequences follow. The fee for moving it is paid in the gas coin of the network you are on, not in AKT, so you need a little of that coin next to it. And a token on an EVM network cannot be staked or used to pay for a lease directly; for that, native AKT on the Akash chain is needed. Supported networks in Tangem (2): Ethereum, Polygon POS.

Because the same 0x address exists on every EVM network, the practical thing to watch is which network a transfer goes out on. The Tangem app displays the network of the outgoing transaction on the screen before you tap the card to sign, so it is easy to compare it with what the recipient expects. For a token that exists on several networks, that visible check before each signature is the main reason to keep it in Tangem.