What is Ankr (ANKR)?

Ankr is a decentralized Web3 ecosystem where users can easily deploy nodes on multiple Proof-of-Stake (PoS) blockchains, stake their PoS tokens and even access various DApps. By simplifying the PoS staking process, Ankr eliminates the need for costly hardware and large investments to create and manage nodes. It achieves this by leveraging idle cloud computing power from data centers worldwide, putting it to use for efficient node hosting and other rewarding purposes.

Ankr follows a pay-as-you-go model where users pay a fee for its premium plan to avail of its services. They pay in the native utility token of the Ankr ecosystem, ANKR, to subscribe to its services. They also play the required collateral in ANKR tokens to become a node provider on the platform. The voting on Ankr to vote on proposals is also powered by ANKR token holders. The total supply of ANKR is 10 billion.

How Does Ankr (ANKR) Work?

Ankr has two key product offerings- Node Infrastructure and StakeFi.

Ankr addresses the problem of the high technical capacity required to launch a node from scratch and participate in the PoS blockchain validation, which limits individual participation. Thus, it simplifies becoming a validator across dozens of blockchains by incorporating cloud computing and blockchain. Beyond reducing the complexity of running up a node, Ankr also oversees the running of these nodes to ensure that user funds don't face penalties or slashing due to bad behaviour. It also streamlines the deployment of dApps for developers using its API, which reduces implementation timelines and technical load.

Another key aspect of Ankr is StakeFi, which onboards individuals looking to stake tokens on PoS blockchains to help them with it. For instance, Ethereum 2.0 requires each individual validator to stake at least 32 ETH to become a validator, along with some technical proficiency. However, by using Ankr's ecosystem, individuals can stake as little as 0.5 ETH, which then gets part of a pool with a high yield. This process lets the individuals become indirect validators without acquiring more tokens. The best part of this StakeFi model of Ankr is that it's non-custodial, meaning users do not have to lock their funds on a different platform. They can keep the funds in their wallet but receive aETH (a token on the Ankr platform to reflect ETH value) and additional rewards.

To use all of Ankr's services, users must pay a monthly subscription fee in its native ANKR token. The platform also incentives its users to run nodes and other purposes in ANKR tokens. Moreover, ANKR also plays a crucial role in the governance process, by giving its holders the ability to vote on network upgrades.

How to Buy Ankr (ANKR) in India?

There are many platforms where you can invest and Buy Ankr (ANKR) in India.

One such platform is Flitpay. To buy ANKR in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy ANKR and execute the purchase.

You can instantly convert your INR to ANKR and ANKR to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Ankr (ANKR)?

ANKR can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the ANKR till it reaches a high price, and then you can sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is Ankr (ANKR)?

The ANKR token is the native utility token of the Ankr ecosystem. It is used to pay for Ankr's services in a pay-as-you-go model, such as deploying nodes or accessing premium features. Users also stake ANKR as collateral to become node providers and participate in governance by voting on proposals.

What is the Ankr (ANKR) price in India?

Check out the current INR price of ANKR crypto in India on Flitpay.

Which is the best crypto exchange app in India to buy Ankr (ANKR)?

Flitpay is the best cryptocurrency trading app in India to buy ANKR, buy Ethereum or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

Why Choose Flitpay to Buy Ankr (ANKR)?

Flitpay crypto exchange stands out as the most reliable and secure platform to buy ANKR crypto and other cryptocurrencies in India. Here's why:

• Swift and Secure: Flitpay's quick buy/sell feature allows investors to buy ANKR swiftly within seconds. Flitpay has also implemented robust security measures, including 2FA at various stages, and integrated multi-party computation (MPC) technologies to protect customers' invaluable investments.
  
• 99.9%25 Uptime: The robust build and interface of Flitpay ensure 99.9%25 uptime, allowing you to access your ANKR investments anytime without any hitches or glitches.
  
• Price Alerts: Flitpay's timely price notifications and alerts keep investors updated with price changes, allowing users to easily seize the right opportunity to buy or sell ANKR even when offline.
  
• Instant Deposits and Withdrawals: Access your funds hassle-free through instant deposit and withdrawal services. With Flitpay, you can easily convert your ANKR to INR or INR to ANKR and withdraw your funds instantly.

What are the benefits of Ankr (ANKR)?

The Ankr platform simplifies deploying nodes on multiple Proof-of-Stake (PoS) blockchains by eliminating the need for expensive hardware via its subscription model. Leveraging cloud computing power, Ankr makes node management accessible and efficient. Its StakeFi service allows users to stake tokens with lower thresholds, enabling broader participation in PoS networks. The platform is non-custodial, so users retain control of their funds. The ANKR token is essential for accessing services, staking, and participating in governance.

Is it safe to invest in Ankr (ANKR) in India?

Yes, investing and trading ANKR is Safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying ANKR crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Ankr (ANKR) crypto in India?

Your search for secure crypto deposits and withdrawals in India ends here. Flitpay is only crypto exchange to facilitate hassle-free and Instant crypto deposits and withdrawals in India with minimal or no fees.