What Is Akil Coin (AKL)?

Akil coin is a payment ecosystem that aims to bring the crypto and mainstream markets closer together. The platform allows individuals and businesses to transfer, use, hold, and trade cryptocurrencies and traditional currencies through physical debit cards, secure web wallets, and merchant payment terminals. Akil coin lets users spend cryptocurrencies  without juggling many wallets or relying on third-party services to convert them. 

AKL is an optimum option, aiming to offer both financial and entrepreneurial freedom. The platform has an exchange named Akil Exchange, which enables services like crypto trading, margin accounts, futures, staking, and more with low fees. Users can also trade Akil using Ethereum, Bitcoin, and other altcoins.

Akil Token is a solution that aims to give consumers complete privacy, security, speed, and decentralization. According to the whitepaper, the ecosystem helps remove banks from the equation and protect users' valuables. With completely private transactions, a user can avoid paying significant quantities. Users can use their currency safely and privately without the interference of any third party. The AKL's goal is to break free from the age of bank control over one's finances and reclaim the power of choice. 

Akil NFT works on a DeFi protocol that gives token holders passive benefits. The platform creates BSC's frictionless NFTs that make it easy to trade in any BSC NFT. The NFT ecosystem incorporates an NFT collection that generates 8% to 16% APY (Annualized Percentage Yield) of the base purchase price.

AKL is a BEP-20 token that works on the Binance Smart Chain platform. BEP-20 is a token standard that defines rules for tokens on Binance Smart Chain. AKL functions as a utility token of the Akil platform and is distributed in the following manner: 

• 30% of the total token supply is distributed to community buildings and airdrops. 

• 20% of the supply goes to marketing.

• Promotion uses 15% of the total supply.

• 15% of the token supply is kept in Safe Fund.

• The developer team and Project management use 10% of the token supply each.  All decentralized wallets and exchanges supported by the Binance smart chain (BEP-20) can be used as Akil Token wallets. Additionally, the ecosystem includes its mobile wallet for Android and iOS.

History of Akil Coin (AKL)

Afrim Hajra (CEO) and Diamant (COO) are the co-founders of the Akil ecosystem. The platform was launched in July 2021. The total supply of the token was 10,000,000,000,000 AKL.