NKR, the native token of the Ankr Network, boasts a versatile array of functions:
Native Currency: ANKR serves as a means of payment for accessing services on the ANKR web, including staking and participating in governance decisions. With a flexible pay-as-you-go model, users expend ANKR tokens to make requests to interact with various blockchains seamlessly.
Node Provider Collateral: Deposit ANKR tokens as collateral to operate as a node provider, fostering honest and efficient network participation. For your contribution to network traffic, you'll receive rewards in ANKR tokens.
Staking and Governance: ANKR holders can engage in token staking alongside Ankr Network full node providers, earning a share of rewards generated from network traffic facilitation. Moreover, ANKR's liquid staking feature enables you to maintain liquidity while staking. By staking ANKR, you gain a voice in the Ankr DAO, allowing you to vote on pivotal proposals shaping the protocol's evolution.
Cryptocurrency Trading and HODLing: Trade ANKR tokens against other cryptocurrencies to capitalize on market fluctuations and volatility. Alternatively, consider investing in ANKR for the long term if you hold confidence in the Ankr Network's future. It's imperative to conduct your research (DYOR) due to the high market risks and volatility inherent in crypto assets.