AKT is the abbreviation for Akash Network's native utility token. Akash Network is a blockchain platform that enables decentralized cloud computing, making cloud services more affordable, secure, and accessible. By using blockchain technology, Akash Network aims to improve the performance and resilience of cloud services while also reducing costs. Holding AKT tokens provides users with access to the Akash Network's decentralized cloud computing services, transaction discounts, and priority access to support. Furthermore, AKT tokens enable participation in the platform's governance structure, allowing them to vote on meaningful proposals and shape the direction of the network.