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Ankr is a decentralized cloud computing platform that utilizes idle computing capabilities from data centers and other devices to share computer resources. The platform was launched in March 2019 and was developed by a team with experience in leading technology firms like Amazon, Bitgo, Golmansach, Ethereum, Morgan Standley, Fitbit, Oracle, and others. Ankr is envisioned as a shared economy where businesses and users can profit from their spare computing capabilities via devices, servers, private clouds, and public clouds.

Ankr integrates with computer resources to create a homogeneous resource Cloud using the Distributed Cloud Computing Network (DCCN) technology. This technique allows users to quickly and readily access computer resources at a low cost, while resource providers earn from the sharing of processing power from their devices.

Ankr token (ANKR) is an Ankr ecosystem utility token that runs on the Ethereum network and adheres to ERC20 standards. It serves the following functions:

• Pay for services within the network.
• Reward users who contribute to the system, including application providers, resource providers.
• App providers and resource-sharing businesses will be rewarded based on the amount of ANKR Tokens they stake.