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Akita Inu (AKITA) is not tradable on Coinbase.

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Akita Inu

AKITA

About Akita Inu

Akita Inu (AKITA) is a cryptocurrency that started as an internet meme. The team's goal is to turn the Akita Inu coin from a meme into an actual, functional coin with various applications. Akita Inu is an ERC20token on the Ethereumblockchain and aims to expand its capacity to move information and exchange data between other blockchains. As mentioned on the website, the Akita network has also bridged to Avalanche for project governance through the support of the community.

An important project that Akita Inu aims to offer is AKITA network DAO. AKITA network DAO is a decentralized autonomous organization and is a fork of Olympus. AKITA network DAO has an established reserve currency protocol on Avalanche. This established reserve currency protocol is based on the gAKITA token, the governance token of the AKITA network DAO.

As mentioned in the whitepaper, stablecoins pegged by traditional currencies have become an essential aspect of the crypto world due to lower volatility than other tokens. Users are comfortable transacting with stablecoins because they believe the value of stablecoins remains the same. This, however, is a fallacy according to the Akita Inu whitepaper. Governments control traditional currencies. This means that if the traditional currencies fall in value, so will these stablecoins. Thus, the AKITA network DAO intends to address this by producing gAKITA, an unbound stablecoin. gAKITA is an algorithmic reserve currency backed by other decentralized assets. According to AKITA network DAO, by focusing on supply expansion rather than price appreciation, gAKITA can maintain its purchasing power regardless of market instability. 

Elaborating on the tokenomics, the maximum supply of the Akita Inu token is 100,000,000,000,000 AKITA. Out of the maximum supply, 7.82% is already burned or destroyed. Token burning is sending the tokens to an unusable or invalid address called burned addresses. Once the tokens are sent to such addresses, they can never be retrieved and are lost forever. This is done to decrease the token supply and increase the token's value.

The developers of the AKITA coin launched it anonymously on February 1, 2021. The community has taken charge of this cryptocurrency, led by many core team members and moderators. The core team members are:

The AKITA network DAO's principal value accrual mechanism is staking. Stakers can receive rebase incentives by staking their gAKITA tokens. The rebase incentives are based on the number of gAKITA staked in the protocol and the reward rate set by monetary policy. 

Staking is a long-term, passive approach. This means that, even if the market price of gAKITA falls below the user’s initial purchase price, given enough time to stake, the increase in the staked gAKITA balance should eventually overtake the price reduction.

When users stake, they lock gAKITA and get an equal amount of sgAKITA. On the other hand, when users unstake, they burn sgAKITA and receive an equal amount of gAKITA tokens. Here, one sgAKITA is equal to one staked gAKITA.

Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$4.8M

Volume (24h)

$161,136.56

Circulating supply

68.1T AKITA

All time high

$0.000029

Market performance

Price change (1h)

-0.1%

Price change (1d)

-0.8%

Price change (1w)

-13.06%

Price change (2w)

-16.64%

Price change (1m)

+26.01%

Price change (1y)

-16.86%

Market benchmarks

Performance (1Y)

-16.42%

Vs. Market (1Y)

-56.99%

Vs. BTC (1Y)

-61.91%

Vs. ETH (1Y)

-41.9%

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Akita Inu is on the decline this week.

The price of Akita Inu has decreased by 0.10% in the last hour and decreased by 0.80% in the past 24 hours. Akita Inu’s price has also fallen by 13.06% in the past week. The current price is $0.00000007 per AKITA with a 24-hour trading volume of $161.14K. Currently, Akita Inu is valued at 99.75% below its all time high of $0.000029. This all-time high was the highest price paid for Akita Inu since its launch.

The current circulating supply of Akita Inu is 68,071,541,209,830.58 AKITA which means that Akita Inu has as total market cap of 68,071,541,209,830.58.

FAQ

What is the current price of Akita Inu?

We update our Akita Inu to USD currency in real-time. Get the live price of Akita Inu on Coinbase.

What is the market cap of Akita Inu?

The current market cap of Akita Inu is $4.84M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Akita Inu?

The all-time high of Akita Inu is $0.000029. This all-time high is highest price paid for Akita Inu since it was launched.

What is the 24 hour trading volume of Akita Inu?

Over the last 24 hours, the trading volume of Akita Inu is $161.14K.

What other assets are similar to Akita Inu?

Assets that have a similar market cap to Akita Inu include Shyft Network, GMCoin, Humanode, and many others. To see a full list, see our comparable market cap assets.

How many Akita Inu are there?

The current circulating supply of Akita Inu is 68 trillion.