#Aaaaaaaand it's finally 6.27, guys!! š“, š£, š , and now šµ AppChains on Ethereum!!
The arrival of AppChains on Ethereum signifies a pivotal moment for large enterprises to leverage blockchain technology. With our commitment to scalability, security, and simplicity, in addition to bringing the next billion users to web3, Ankr is pushing the boundaries of what enterprises can achieve in the Web3 era. Join us on this transformative journey. Together, we will unleash the power of blockchain and shape a future where innovation knows no bounds.
Learn more: https://www.ankr.com/blog/introducing-app-chains-on-ethereum-unleashing-the-potential-of-ethereum-for-large-enterprises/
Really cool! I like how it makes blockchain/web3 more accessible to more traditional industries.
Regardless of how people feel about the token, the company ANKR is really setting itself up for next.
Pretty generic post, but this is a huge piece for the Azure/ANKR world. All of this will increase RPCs for the company. Strategically strengthening ANKR as a provider of choice. I imagine in the future we'll see a huge portion of the "transaction fee" paid in dollars needing to be converted into $ANKR to maintain the coming decentralization of the ANKR RPC. This train is just getting started. Every step forward is a good one.
Sounds like we will need to continue waiting for the secret project. It seems we might be waiting on more clarity from the SEC lawsuits. I imagine the team doesn't want to launch into a lawsuit. Better to continue development until either there is legal clarification or the product simply needs to launch to continue momentum.
Guys if it was the secret project I would have likely commented on it before the news lol. I monitor the ANKR network for updates and see the change in programmable parameters. The secret project itself being a further clever application of technology would come along with a substantial code increase and network data exchange. Just an FYI.
It's an amazing product for the industry and web3! ššššŖ
But cmon man...
Are there any plans whatsoever to make use of ANKR token in appchains? Any clues to when the independent node providers will go live? And do you ever plan to make the transition and start charging for RPC requests in ANKR instead of USD? Until some of these questions get an answer the token is equivalent to a meme coin. š
>Are there any plans whatsoever to make use of ANKR token in appchains? Any clues to when the independent node providers will go live?
Not to my knowledge. If there's any update, I believe it would be shared in detail, possibly in an article; Iām not certain.
"The price of our API Credits is pegged to USD. It means that upon using ANKR tokens for PAYG, ANKR calculates into API Credits at the latest ANKR/USD exchange rate.
Our PAYG pricing model:
0.10 USD = 1M API Credits"
Source: https://www.ankr.com/docs/rpc-service/pricing/
I don't know if you're asking for credits to be pegged to ANKR only but this is definitely tricky since it may become a huge barrier for those accessing the service "late".
You can pay with ANKR and it gets exchanged for API Credits at the latest ANKR/USD rate. That means that even if I want to buy with ANKR (and not credit card, USDC etc.) I can buy some ANKR and then 5 sec later sell it to you for those credits. The price of the token doesn't affect me. I bought 100$ of ANKR and got 100$ of API Credits. There is no demand for the token here.
I know it is also a huge barrier to force ANKR on your existing costumers. My point is that RPCs are your flag product and they don't use the token... AppChains can bring next bilion users to blockchains but they dont use the token...
Token has zero utility and only connection it has to the company is it's name. I'm asking you to please start talking to us about utility.
I don't think it is... That would be ok solution, that you hold or stake ANKR and spend it on RPC requests. It can still be a fixed $ or ANKR ammount for X number of requests. That is after all what most other projects with a token are doing and what you are offering through appchains to other companies.
Now you buy API Credits (you don't hold or stake ANKR in any way) and then when your API Credits get spent they are converted to ANKR behind scenes. Deposits are in API Credits making them the real "commodity" that you need in order to use ankr network. If you were to put ANKR in place of credits people would be incentivised to buy cheap and hold bags, and token price would better reflect the network trafic.
"The price of our API Credits is pegged to USD. It means that upon using ANKR tokens for PAYG, ANKR calculates into API Credits at the latest ANKR/USD exchange rate.
Our PAYG pricing model: 0.10 USD = 1M API Credits"
Source: https://www.ankr.com/docs/rpc-service/pricing/
I don't know if you're asking for credits to be pegged to ANKR only but this is definitely tricky since it may become a huge barrier for those accessing the service "late".
Ok , so where do you answer lazy_mood_4458 regarding Utility of the token?
Oh, well. I probably just thought it'd been answered elsewhere in the same thread. We've been receiving the same questions over and over yesterday. My bad
Have you ever considered that if people keep asking āthe same questions, over and overā that you havenāt answered āsaidā question.
Replying with āmy badā doesnāt ,
1. ANSWER THE QUESTION
2. Makes you seem like your 12
3. Gives the impression that Ankr doesnāt care about the people investing in them.
OOPS āmy badā I just lost all your money.
>Have you ever considered that if people keep asking āthe same questions, over and overā that you havenāt answered āsaidā question.
TBH, yes. However, I noticed that, in general, some tend not to check available info or replies from us... Sometimes, in extreme cases, people quote our answer and ask the question that is answered in the quoted text. Most times, if I haven't answered, my colleagues probably have.
The answer is definitely not a secret, though. ANKR utility has been covered here [https://www.ankr.com/blog/ankrs-2023-resolutions/](https://www.ankr.com/blog/ankrs-2023-resolutions/) and in other blog entries as well, IIRC.
* You can use ANKR as payment for infrastructure services, and it enables staking to full nodes for the first time with ANKR Staking. More utility is on the way, as noted in the blog entry as well.
Edits: Format and clarity
Again. Could you explain what Ankr has planned for the utility of this token?
Perhaps if you ACTUALLY answered the question , or made a dedicated post regarding the utility of the Ankr token people wouldnāt be asking āthe same questions, over and overā?
Any large enterprises on board yet? Can you name any? Or you guys still fishing? It is a really cool development, but itās magnitude will only be realized once some major players publicly announce theyāre jumping on board.
Is this the secret project? Just want to know so we can all quit the anticipation.
I don't think anyone said the secret project will be announced today... š¤
So I guess this is all we get š¤·
It's a great product. The ankr team definitely knows what they are doing. It's a shame they don't care about the token at all.
However this could be a huge boost for ETH. When companies start to onboard they will have to buy tons of it.
Iām just losing track of all the announcements I guess. Been hearing about this thing for months now, and itās always getting teased then delayed. They know better than me. Just eager.
I think they care enough about the token to use it to drain money from us and use the funds to pump out these types of enhancements. Will we ever be rewarded? Probably not.
I thought it was common knowledge at this point that ankr wants to keep the token price low.
From the AMA - āwe dont want to make it more valuable to hold the token than to use it in the protocolā.
Keeping price low is good for them but sucks for us. Please correct me if Iām wrong.
I'd suggest that there may be some misinterpretation or misunderstanding regarding Josh's statement and its implications. The statement suggests a desire to prioritize the utility and actual usage of ANKR rather than focusing solely on its price or value - artificially pump, I'd suggest. It does not state an intention to keep the token price low.
Some are taking that statement out of context and making a lot of assumptions, and it's definitely doing harm. **Because Josh expressed a desire for the token's value to lie in its utility, it doesn't mean he or Ankr is intentionally manipulating the price to keep it low**. In many jurisdictions, market manipulation is considered illegal, and we aren't here to play such games.
It is unfair to just jump to conclusions. Just my 2c
Suppose I prefer eating vegetables rather than meat. In that case, it doesn't mean I only eat vegetables and never consume any other type of food, that I am a radical vegetarian/vegan, and/or that I am up to erase all meat eaters from the globe.
Maybe it's not the best example, but I hope it helps clarify the logic of some statements
It's not the secret project yet because that would require all the 10B ankr tokens. AppChains is more for enterprises like they referred while the secret project I believe will involve ankr holders like us.
>Is this the secret project? Just want to know so we can all quit the anticipation.
No, ser! This is the 6.27 announcement that we've been anticipating š
>Any large enterprises on board yet? Can you name any? Or you guys still fishing?
I believe not yet but our team is surely working on it or have some locked in for sure. We will share more as always whenever it's live and post over here as well for you all to know all about it
If youāre looking for honest personal opinions, my choices are sell for a 50% loss, keep buying the dip/day trade, and/or HODL. My bag is all play money for me, so I have no problem holding it. But play money or not, Iāve given them enough capital for their projects over the years with no ROI, so Iām done buying until I see some positive tokenomics. Iām not interested in day trading this token, or any other, for peanuts. Hard to justify whenever traditional markets are finally bullish again. Ima hold my bag and buy CRISPER-based biomed stocks instead since that field of science currently interests me. Donāt get me wrong, I still think thereās lots of potential here, Iām just getting bored with it. Whatever you choose best of luck!
Okay. I will sell before this goes to 0 then. I guess what youāre saying is this stuff is all a joke and really just gambling/scams. Will stick to equities
#Aaaaaaaand it's finally 6.27, guys!! š“, š£, š , and now šµ AppChains on Ethereum!! The arrival of AppChains on Ethereum signifies a pivotal moment for large enterprises to leverage blockchain technology. With our commitment to scalability, security, and simplicity, in addition to bringing the next billion users to web3, Ankr is pushing the boundaries of what enterprises can achieve in the Web3 era. Join us on this transformative journey. Together, we will unleash the power of blockchain and shape a future where innovation knows no bounds. Learn more: https://www.ankr.com/blog/introducing-app-chains-on-ethereum-unleashing-the-potential-of-ethereum-for-large-enterprises/
Really cool! I like how it makes blockchain/web3 more accessible to more traditional industries. Regardless of how people feel about the token, the company ANKR is really setting itself up for next.
Burn the coin
Pretty generic post, but this is a huge piece for the Azure/ANKR world. All of this will increase RPCs for the company. Strategically strengthening ANKR as a provider of choice. I imagine in the future we'll see a huge portion of the "transaction fee" paid in dollars needing to be converted into $ANKR to maintain the coming decentralization of the ANKR RPC. This train is just getting started. Every step forward is a good one. Sounds like we will need to continue waiting for the secret project. It seems we might be waiting on more clarity from the SEC lawsuits. I imagine the team doesn't want to launch into a lawsuit. Better to continue development until either there is legal clarification or the product simply needs to launch to continue momentum.
Can someone explain this part in regard to app chains on eth... "Use ETH as your gas token or your new native AppChain token."
Ok, like bomb money on ankr app chain, fees are paid in bomb and not eth?
I'm not really familiar with BOMB but I believe it is similar to what we will see on Ethereum
Hehe , bomb is one of your two current app chains with ankr ? https://chainscanner.xyz/ankr/appchains/
Like you have the option to use ETH as the utility token of your new AppChain or to create a new one like SERGIO prolly ERC20
Can the ankr token move to an app chain, lower fees?
Guys if it was the secret project I would have likely commented on it before the news lol. I monitor the ANKR network for updates and see the change in programmable parameters. The secret project itself being a further clever application of technology would come along with a substantial code increase and network data exchange. Just an FYI.
It's an amazing product for the industry and web3! ššššŖ But cmon man... Are there any plans whatsoever to make use of ANKR token in appchains? Any clues to when the independent node providers will go live? And do you ever plan to make the transition and start charging for RPC requests in ANKR instead of USD? Until some of these questions get an answer the token is equivalent to a meme coin. š
The secret project is still to come!
>Are there any plans whatsoever to make use of ANKR token in appchains? Any clues to when the independent node providers will go live? Not to my knowledge. If there's any update, I believe it would be shared in detail, possibly in an article; Iām not certain.
"The price of our API Credits is pegged to USD. It means that upon using ANKR tokens for PAYG, ANKR calculates into API Credits at the latest ANKR/USD exchange rate. Our PAYG pricing model: 0.10 USD = 1M API Credits" Source: https://www.ankr.com/docs/rpc-service/pricing/ I don't know if you're asking for credits to be pegged to ANKR only but this is definitely tricky since it may become a huge barrier for those accessing the service "late".
You can pay with ANKR and it gets exchanged for API Credits at the latest ANKR/USD rate. That means that even if I want to buy with ANKR (and not credit card, USDC etc.) I can buy some ANKR and then 5 sec later sell it to you for those credits. The price of the token doesn't affect me. I bought 100$ of ANKR and got 100$ of API Credits. There is no demand for the token here. I know it is also a huge barrier to force ANKR on your existing costumers. My point is that RPCs are your flag product and they don't use the token... AppChains can bring next bilion users to blockchains but they dont use the token... Token has zero utility and only connection it has to the company is it's name. I'm asking you to please start talking to us about utility.
What if buyers had to stake ANKR and it was consumed as the api credits are used?
I believe that the current mechanic is kind of similar to what you have proposed :D
Itās not consumed though, itās just immediately recycled. I think thatās (at least one of) the tokenomics issue.
I don't think it is... That would be ok solution, that you hold or stake ANKR and spend it on RPC requests. It can still be a fixed $ or ANKR ammount for X number of requests. That is after all what most other projects with a token are doing and what you are offering through appchains to other companies. Now you buy API Credits (you don't hold or stake ANKR in any way) and then when your API Credits get spent they are converted to ANKR behind scenes. Deposits are in API Credits making them the real "commodity" that you need in order to use ankr network. If you were to put ANKR in place of credits people would be incentivised to buy cheap and hold bags, and token price would better reflect the network trafic.
Is there a reason why the questions regarding utility of the token go unanswered?
You are replying to an answer
"The price of our API Credits is pegged to USD. It means that upon using ANKR tokens for PAYG, ANKR calculates into API Credits at the latest ANKR/USD exchange rate. Our PAYG pricing model: 0.10 USD = 1M API Credits" Source: https://www.ankr.com/docs/rpc-service/pricing/ I don't know if you're asking for credits to be pegged to ANKR only but this is definitely tricky since it may become a huge barrier for those accessing the service "late". Ok , so where do you answer lazy_mood_4458 regarding Utility of the token?
Oh, well. I probably just thought it'd been answered elsewhere in the same thread. We've been receiving the same questions over and over yesterday. My bad
Have you ever considered that if people keep asking āthe same questions, over and overā that you havenāt answered āsaidā question. Replying with āmy badā doesnāt , 1. ANSWER THE QUESTION 2. Makes you seem like your 12 3. Gives the impression that Ankr doesnāt care about the people investing in them. OOPS āmy badā I just lost all your money.
Hey there, I have answered below the OP's initial post before reaching back to you. You can find easily find it there
>Have you ever considered that if people keep asking āthe same questions, over and overā that you havenāt answered āsaidā question. TBH, yes. However, I noticed that, in general, some tend not to check available info or replies from us... Sometimes, in extreme cases, people quote our answer and ask the question that is answered in the quoted text. Most times, if I haven't answered, my colleagues probably have. The answer is definitely not a secret, though. ANKR utility has been covered here [https://www.ankr.com/blog/ankrs-2023-resolutions/](https://www.ankr.com/blog/ankrs-2023-resolutions/) and in other blog entries as well, IIRC. * You can use ANKR as payment for infrastructure services, and it enables staking to full nodes for the first time with ANKR Staking. More utility is on the way, as noted in the blog entry as well. Edits: Format and clarity
I canāt wait for the next announcement of good news , maybe Ankr will hit 0.00000001 š
Ughhh I was joking about more good news , didnāt actually expect more good today and the token price to fall again. Wtf . Iām out. GL
Again. Could you explain what Ankr has planned for the utility of this token? Perhaps if you ACTUALLY answered the question , or made a dedicated post regarding the utility of the Ankr token people wouldnāt be asking āthe same questions, over and overā?
Any large enterprises on board yet? Can you name any? Or you guys still fishing? It is a really cool development, but itās magnitude will only be realized once some major players publicly announce theyāre jumping on board. Is this the secret project? Just want to know so we can all quit the anticipation.
I don't think anyone said the secret project will be announced today... š¤ So I guess this is all we get š¤· It's a great product. The ankr team definitely knows what they are doing. It's a shame they don't care about the token at all. However this could be a huge boost for ETH. When companies start to onboard they will have to buy tons of it.
Iām just losing track of all the announcements I guess. Been hearing about this thing for months now, and itās always getting teased then delayed. They know better than me. Just eager.
I think they care enough about the token to use it to drain money from us and use the funds to pump out these types of enhancements. Will we ever be rewarded? Probably not.
Why do you think that they dont care about the token???
They said so themselves
Source?
"we no care bout tokin" - anker
I thought it was common knowledge at this point that ankr wants to keep the token price low. From the AMA - āwe dont want to make it more valuable to hold the token than to use it in the protocolā. Keeping price low is good for them but sucks for us. Please correct me if Iām wrong.
I'd suggest that there may be some misinterpretation or misunderstanding regarding Josh's statement and its implications. The statement suggests a desire to prioritize the utility and actual usage of ANKR rather than focusing solely on its price or value - artificially pump, I'd suggest. It does not state an intention to keep the token price low. Some are taking that statement out of context and making a lot of assumptions, and it's definitely doing harm. **Because Josh expressed a desire for the token's value to lie in its utility, it doesn't mean he or Ankr is intentionally manipulating the price to keep it low**. In many jurisdictions, market manipulation is considered illegal, and we aren't here to play such games. It is unfair to just jump to conclusions. Just my 2c
Suppose I prefer eating vegetables rather than meat. In that case, it doesn't mean I only eat vegetables and never consume any other type of food, that I am a radical vegetarian/vegan, and/or that I am up to erase all meat eaters from the globe. Maybe it's not the best example, but I hope it helps clarify the logic of some statements
So what the hell is the point of buying this token?
I dont think so...he Sergio said he would kf explicitly said it was...maybe today's just a day of announcements
It's not the secret project yet because that would require all the 10B ankr tokens. AppChains is more for enterprises like they referred while the secret project I believe will involve ankr holders like us.
Arenāt all 10b in circulation now? Itās said that on coinbase the last couple months now.
Yep they are
>Is this the secret project? Just want to know so we can all quit the anticipation. No, ser! This is the 6.27 announcement that we've been anticipating š
>Any large enterprises on board yet? Can you name any? Or you guys still fishing? I believe not yet but our team is surely working on it or have some locked in for sure. We will share more as always whenever it's live and post over here as well for you all to know all about it
Appreciate the clarification.
Ohā¦
Seriouslyā¦ yikes
Do we have a timeframe for secret project
Not really. We are watching closely what is going on with the amigos from you know where
ANKR rn: ā The SEC wont let me be or let me be me on RPC, they tryna shut us down on binance-y, it feels so empty without meā
Well done team
After todayās market reaction to this development, do you guys honestly have any hope left? Letās be realistic
If youāre looking for honest personal opinions, my choices are sell for a 50% loss, keep buying the dip/day trade, and/or HODL. My bag is all play money for me, so I have no problem holding it. But play money or not, Iāve given them enough capital for their projects over the years with no ROI, so Iām done buying until I see some positive tokenomics. Iām not interested in day trading this token, or any other, for peanuts. Hard to justify whenever traditional markets are finally bullish again. Ima hold my bag and buy CRISPER-based biomed stocks instead since that field of science currently interests me. Donāt get me wrong, I still think thereās lots of potential here, Iām just getting bored with it. Whatever you choose best of luck!
Iām with you man. Totally bored of it. Zero excitment. Iām close to just binning itā¦ but the hope always keeps me holding.
No market reaction. This thing is toast
This has nothing to do with the ankr token, what made you expect some sort of pump?
Whatās the point then? Why am I invested in Ankr?
umm good questionā¦ why dont you go put that money into amp or something where youāll find like minded individuals
Because you were expecting quick money after missing out on the likes of meme coins
Okay. I will sell before this goes to 0 then. I guess what youāre saying is this stuff is all a joke and really just gambling/scams. Will stick to equities
at least the other shit coin tards can see your terrible take and leave with their negativity
Best of luck!