Steemit Crypto Academy Week 6// How to Invest in Cryptocurrency (ANKR Network) // Homework submitted to @besticofinder

Good day Prof. @Besticofinder and am sure you are doing great today. Wonderful lecture this week.

Please I know you are doing a good job but my homework 5 was not reviewed and hence not curated, I have attached it here. Please encourage me.

Homework 5

Homework Task 6

After going through your lecture, I then realised I was also one of those who jump into cryptocurrency sometimes without making any relevant research on the crypto itself. There are Alot of cryptocurrency token and coins, more are even still be created as we speak, therefore the need to know where you are investing is very important.

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I had this feeling that coins listed on coin market app are very often those with high prospect but I was wrong. I have decided because of this lecture to speak about (ANKR).

What is ANKR
As at the time of this homework Ankr is ranked no. 105 by coinmarket market app with a trading volume of over 292 million USD, a circulating supply of about 6,996,223,711and a total supply of 100,000,000,000 ANKR coins according to coin market.

ANKR vision
ANKR is interested more on how you can use your computing power and what happens during your idle mode. It is created to provide a blockchain solution that tend to expliot idle computing power from devices and other data managers. It present a platform where spare or idle computing power can be monetized. It is unique in that it is the first platform to use this hardware and ensures a high security.

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it aims to build a substructural platform and open market place where Web 3.0 properties can be set in motion to enable providers and consumers connect to the blockchain technologies and DeFi apps. source

With this hosting blockchain nodes in ANKR takes care of issues accompanied by centralization.

ANKR, built in 2017 is passionately concerned with your idle computing power.

ANKR Products and Services
ANKR has very instresting product namely:

1)The staking nodes:
ANKR are good at running any node of their choice, so they decided to build a platform where stakers can earn good returns, they are bent on giving stakers the best experience ever. According to ANKR the major barrier of the minimum number of token one can stake will be set by the users themselves. To better expand and provide an insightful user experience, they have decided to focus on those ones, mainly Ethereum, Polkadot, Kusama, Binance Smart Chain, Flow, Avalanche, Elrond and a few more protocols.

2)API node service for Web 3.0 developers
Easy API in addition to the Etherum API already made available for developers. In line with its growth, the they are providing a web 3.0 app developer with instant APIs which will inturn attract users to its platform and project at large.

3)ANKR staking DeFi and DAO

ANKR staking three separate and important roles with there unique benefits, they are:
a)Stalker
b)Node provider
c)Governor
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ANKR provides a separate staking node for Eth2 with instant liquidity and high level security. It allows staking very a lower amount of Etherum, providing instant liquidity by replacing it was a synthetic equivalent token (aETH).

ANKR Team
ANKR has a wonderful team backing that could take it to the Moon. Chandler Song the Co-Founder of ANKR was formerly a service engineer at Amazon and then served as the CEO. The ANKR was founded in 2017 at the Berkley University, California as a distributed computing platform.

The Co-Founder Fang was an investment banker with Morgan Stanley. Morgan Stanley was introduced to Bitcoin way back 2014 by chandler song, he acquired about 22 bitcoin which was used to fuel the ANKR vision.

It has about 20 team member to its credit.

Market
ANKR has a very broad market, it is currently being marketed by over 6 exchanges namely :
Upbit
Bithumb
Houbi Global
Bittrex
Digifinex
Binance

Conclusion
ANKR is a wonderful project especially for the fact that it has it own node which others can build on. Moreover, to further strengthen its protocol, it is in paternship with Sushi swap, Yearn finance, Snow swap, OnX finance. Its prospect are very high and would indeed be a good investment.

Thank you sir.

ANKR white paper

Coin market