AKT is a bit of a tricky entry.
The chart isn't really setting up that great, and you may want to account for 30% or more swing against you getting in this one.
To compensate for this, I am going to do a phased entry, buying in 3 tranches over 5 days. Equal parts on day 1, day 3, and day 5. The DCA should result in a better than horrible entry. 🤣🤣
We want to use the Osmosis dex to buy this, and ignore any other pairs that might exist.
app.osmosis.zone/?from=AKT&to=UST
coingecko.com/en/coins/akash-network
medium.com/osmosis-community-support-dao/upcoming-2022-01-05-on-osmosis-updates-from-the-lab-greg-osuri-from-akash-network-c8c187b0737f
We want to own AKT because it has the potential to become a monster that takes business away from Amazon. Obviously this is an execution challenge, but it also presents an asymmetric opportunity.
Akash Network is an open-source platform for decentralized cloud compute that launched its mainnet on Cosmos in March 2021. The platform brokers compute in p2p fashion from providers to users, enabling developer teams in AI/machine, blockchain, and elsewhere to outsource their computing requirements. Akash has grown from 100 deployments per day in Q2 (right after mainnet launch) to 448 per day in Q4. Anyone with excess compute can become a provider on Akash, which allows them to bid on compute projects put up by “tenants” seeking to lease cloud computing power. Akash is cheaper, less prone to outages, and more censorship-resistant than AWS (which has already rugged our Twitter Spaces twice), Azure, and Google cloud compute services.
The chart isn't really setting up that great, and you may want to account for 30% or more swing against you getting in this one.
To compensate for this, I am going to do a phased entry, buying in 3 tranches over 5 days. Equal parts on day 1, day 3, and day 5. The DCA should result in a better than horrible entry. 🤣🤣
We want to use the Osmosis dex to buy this, and ignore any other pairs that might exist.
app.osmosis.zone/?from=AKT&to=UST
coingecko.com/en/coins/akash-network
medium.com/osmosis-community-support-dao/upcoming-2022-01-05-on-osmosis-updates-from-the-lab-greg-osuri-from-akash-network-c8c187b0737f
We want to own AKT because it has the potential to become a monster that takes business away from Amazon. Obviously this is an execution challenge, but it also presents an asymmetric opportunity.
Akash Network is an open-source platform for decentralized cloud compute that launched its mainnet on Cosmos in March 2021. The platform brokers compute in p2p fashion from providers to users, enabling developer teams in AI/machine, blockchain, and elsewhere to outsource their computing requirements. Akash has grown from 100 deployments per day in Q2 (right after mainnet launch) to 448 per day in Q4. Anyone with excess compute can become a provider on Akash, which allows them to bid on compute projects put up by “tenants” seeking to lease cloud computing power. Akash is cheaper, less prone to outages, and more censorship-resistant than AWS (which has already rugged our Twitter Spaces twice), Azure, and Google cloud compute services.
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