Ankr
Crypto Overview
Understanding the Intended Utility
Ankr is a decentralized infrastructure provider that aims to make Web3 and DeFi more accessible and efficient. The ANKR token serves multiple purposes within their ecosystem: it's used for governance, staking, and as payment for services on the Ankr network. The platform provides node infrastructure, staking solutions, and RPC (Remote Procedure Call) services to various blockchain networks.
Business Model Analysis
Ankr's core business revolves around providing blockchain infrastructure services, including: node hosting and management, multi-chain staking solutions, and developer tools for Web3 applications. The platform generates revenue through legitimate service fees rather than interest-based mechanisms.
Actual Utility Assessment
The platform demonstrates substantial real-world adoption with over 50 protocols supported and more than 18,000 nodes deployed. Ankr processes billions of blockchain requests daily through their RPC services. They maintain active partnerships with major players like BNB Chain, Polygon, and Avalanche.
Development Activity
Ankr shows consistent development activity on GitHub, with regular updates to their infrastructure and continuous improvement of their services. The team maintains transparency through detailed technical documentation and regular community updates.
Token Distribution
The initial token distribution allocated 31.5% to private sale, 28.5% to ecosystem development, 20% to team and advisors, and 20% to public sale. Team tokens were subject to a 2-year vesting period with gradual unlocks, demonstrating commitment to long-term development.
Founder Background
The team is led by Chandler Song and Ryan Fang, who have established track records in blockchain technology and infrastructure development. The project has maintained consistent leadership since its inception in 2017.
Crypto Impact
To assign a comfort level investing in Ankr from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ankr.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.