# Proposal : Whitelist ANKR - 100K Co-Invest **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [June 24, 2021, 5:16pm UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475 "2021-06-24T17:16:34Z")\ **Posts on this page:** 7\ **Page:** 1
**Author:** ![tenzent](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tenzent/32/1821_2.png) [@tenzent](https://gov.bancor.network/u/tenzent)\ **Post date:** [June 24, 2021, 5:16pm UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/1 "2021-06-24T17:16:34Z")
# TL;DR **This Proposal is expected to appear in snapshot on Monday June 28, 2010** - Proposal to whitelist ANKR. - Proposed co-investment is 100,000 BNT. - ANKR has no other staking opportunities. - ANKR is well-established project with Tier 1 team and backers. ANKR token address: Project Website: [https://www.ankr.com/](https://www.ankr.com/) I’m putting up this proposal again, Last vote it lost by a very tiny amount of votes so now that we are having an easier time hitting quorum I’m thinking it should pass. The Co-Investment is set to 100,000 BNT as that will open enough space to make us the bigger pool. The rates are also quite lucrative from a Liquditiy to Volume perspective. ![Screen Shot 2021-06-24 at 1.07.53 PM](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/7/7de154f7e0d6b9d87a371999c1d5189c49643691.png) ![Screen Shot 2021-06-24 at 1.08.17 PM](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/4/4de862ce4d0dec9f5e52eed7e9c1fec27e052558.jpeg) The ANKR Team has also shown interest in being listed and the merits that existed for the prior proposal remain so I’m attaching @MichalHerzyk Prop Below with a tweak to Co-Investment. > [@Whitelisting of ANKR plus 1M BNT co-investment](https://gov.bancor.network/t/whitelisting-of-ankr-plus-1m-bnt-co-investment/1699/1): > > # Token Security > > ANKR does not have an elastic supply, or rebase mechanism. The ANKR is backed by tier one team and has no plans to mint more tokens. The current token supply is set on > > 10,000,000,000 fixed supply from which 6,996,232,711 are in current circulation. > > The contracts and addresses with the highest concentration of ANKR are held by the ANKR team and sit on the exchanges. > > ![](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/1X/ba2b4f6a7e2934f1444483988de01ebff16e9c16.png) > > # Project > > Ankr uses Cloud-Native, container-based environments to build its own architectural and resource allocation algorithm to include nearly all types of infrastructure resources. Cloud-Native allows Ankr to focus on its own technical details via integrating with various Cloud-Native solutions such as Observability & Analysis (Prometheus, Fluentd, Jaeger), Service Mesh and Discovery (Envoy, Istio), Streaming (GRPC), Application Definition (Helm) etc. > > Using Ankr’s distributed cloud computing network (DCCN) platform, developers and operators using applications do not directly interact with infrastructure providers’ API’s. Instead, a local orchestrator handles resource allocation automatically. The Ankr DCCN system is deployed and distributed over the computing resources managed by Kubernetes across all geographic locations. Resources configured into clusters in Kubernetes are connected to each other via a specialized type of cluster called Ankr Hub. At this time Ankr Hubs are fully set up and controlled by Ankr and serve as nodes to relay and dispatch the computing tasks to other working clusters. > > Working products: > [Ankr - A World Powered by US](https://app.ankr.com/apps/api) - open API > > [Ankr - A World Powered by US](https://app.ankr.com/apps/market) - deploy node or maining facility > > [Ankr Web 3.0 infrastructure | Blockchain nodes & APIs | Ankr](https://www.ankr.com/product) - calulaor > > [https://eth2.ankr.com/](https://eth2.ankr.com/) - eth 2.0 staking > > # Tokenomics > > Ankr tokens are used as the native currency on the Ankr cloud platform. That means cloud providers are being paid for their services in Ankr tokens. This ensures demand for the token. Consumers have to buy Ankr tokens in order to use the platform. Providers have to accept them in order to participate and earn money. There is no a possibility for investors to stake Ankr tokens yet. Therefor bancor would be the best place to stka ANKR tokens. In addition to that, Ankr tokens are being used as governance tokens to decide on future tokens development. > > # Investors: > > - Pantera Capital > - AlphaCoin Fund > - Basics fund > - Bixin Capital > - BlockoxFund > - Carnaby Capital > - Sailor Capital > - DHVC > - GT Blockchain Investments > - Kosmos Capital > - LinkVc > - Lemniscap > - LYVC > - Node Capital > - Nirvana Capital > - OK Capital > - Tenzor Capital LLC > - TLDR CAPITAL > - Torchlight Ventures > - Lemniscap > - MW Partners > > Team > CEO -Chandler Song, Forbes 30 under 30 engineering and investing experience (3 years) in the company for 2 years ([linkedin](https://www.linkedin.com/in/yunfansong/)) > > CTO - Stanley W. prior Amazon software developer, lack of prior leadership exp, 1year in comp [(linkedin](https://www.linkedin.com/in/stanley-w-5714a4163/)) > > COO - Ryan Fang Forbes 30 under 30 Investment Banking Analyst experience, lack of leadership exp, 2 years in comp ([linkedin](https://www.linkedin.com/in/ryan-fang-245011a2/)) > > Overall 38 employees > > # Community and Communication > > ANKR is active on [Reddit](https://www.reddit.com/r/Ankrofficial/), [Telegram](https://t.me/ankrnetwork), and [Discord](https://discord.com/invite/uYaNu23Ww7). The ANKR is also active on [Twitter](https://twitter.com/ankr?lang=en) and [GitHub](https://github.com/Ankr-network). The [team](https://www.ankr.com/about-team) and advisors are presented on the team tab on the Ankr main [website](https://www.ankr.com/). > > # Available Audits > > There is only one public audit provided by ANKR that covers ETH2.0 staking contract, it did not cover ANKR token itself. > > - [Beosin](https://assets.ankr.com/files/stkr_smart_contract_auditing_report.pdf)10.11.2020 > > # Market and Trading Data > > - ANKR price at the time of writing is $0.51 > - All-time high: $0.21 (Mar 28, 2021 ) > - All-time low: $0.0007 (Mar 13, 2020 ) > - Price 90 days ago: $0.0007 > - 6,996,232,711tokens in circulation > - 10,000,000,000 maximum supply. > - The current market capitalization is $1,079,903,605 > - Token Fully Diluted market Capitalization is around $2,100,000,000 > - The ANK token is available on major exchanges, including Binance, Kraken, Huobi Bithumb, and Coinbase Pro. > - The highest 24-hour spot volume on CEX is on Biannce around $74 M and on DEX 700K on Uniswap. ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [June 25, 2021, 6:37am UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/2 "2021-06-25T06:37:14Z")
YES. YES. YES. Finally a place to put my ANKR ---
**Author:** ![Filipe](https://avatars.discourse-cdn.com/v4/letter/f/35a633/32.png) [@Filipe](https://gov.bancor.network/u/Filipe)\ **Post date:** [June 25, 2021, 7:43pm UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/3 "2021-06-25T19:43:39Z")
Thank you @tenzent for submitting the proposal. Ankr is also developing Ankr StakeFi, an Internet Bond launchpad. Litepaper: [https://assets.ankr.com/files/stakefi\_litepaper.pdf](https://assets.ankr.com/files/stakefi_litepaper.pdf) Website: [https://stakefi.ankr.com/](https://stakefi.ankr.com/) Internet Bonds are synthetic staked tokens (e.g. ETH2 bonds) that bring several benefits over staking only: - Generate additional passive income on top of Internet Bonds (e.g. liquidity mining, farming rewards, vaults, etc.). Ankr has a strategic partnership with ONX Finance to bring utility in DeFi for Ankr ETH2 bonds - Liquid staking (e.g. ETH cannot be unstaked until phase 1.5 of Ethereum 2.0, but ETH2 bonds can be sold in DEXs such as Uniswap, SushiSwap, Curve Finance, BakerySwap) - Easiest possible staking experience (as easy as swapping a token) - Getting exposure to other Proof-of-Stake tokens through Ethereum (e.g. upcoming Avalanche bonds, Kusama bonds, Polkadot bonds, Matic bonds and BNB bonds, planned for 2021Q2-Q3), which is a far more superior product than a potential wrapped Avalanche token on Ethereum for instance as the Avalanche Bond is wrapped into an ERC-20 token, but also contains Avalanche staking rewards. Article explaining in more detail what is an Internet Bond: > **[StakeFi Internet Bonds Explained](https://medium.com/ankr-network/stakefi-internet-bonds-explained-50609b253f8b)** > > Proof-of-stake is one of the two major blockchain consensus mechanisms that require users to stake tokens to become a validator. Examples… Existing Internet Bonds: - Ankr Eth2 Reward Bearing Certificate (aETHc) → Fair price of 1 aETHc = 1.037 ETH (rewards are accumulated, so the fair value grows over time) [Etherscan](https://etherscan.io/token/0xE95A203B1a91a908F9B9CE46459d101078c2c3cb#balances) / [BSCscan](https://bscscan.com/token/0x973616ff3b9d8f88411c5b4e6f928ee541e4d01f#balances) - Ankr ETh2 Reward Bearing Bond (aETHb) → Fair price of 1 aETHb = 1 ETH (because rewards are distributed daily through rebasing) [Etherscan](https://etherscan.io/token/0xd01ef7c0a5d8c432fc2d1a85c66cf2327362e5c6#balances) - Avalanche Reward Bearing Bond (aAVAXb) [Etherscan](https://etherscan.io/token/0x30176cecb6dbf0869d59493142925a0287b12216#balances) Internet Bond liquidity in DEXs: aETHc: - Uniswap v2: [Uniswap Info](https://v2.info.uniswap.org/pair/0x6147805e1011417b93e5d693424a62a70d09d0e5) - Uniswap v3: [Uniswap Info](https://info.uniswap.org/#/tokens/0xe95a203b1a91a908f9b9ce46459d101078c2c3cb) - Sushiswap (ETH): [WETH-aETHB | SushiSwap Analytics](https://analytics.sushi.com/pairs/0xfa5bc40c3bd5afa8bc2fe6b84562fee16fb2df5f) - Curve Finance: [Curve.fi](https://curve.fi/ankreth) - BakerySwap (BSC): [BakerySwap](https://info.bakeryswap.org/#/pair/0xccfe31dd6b74b2695a5163a6648d28766323ebc3) aETHb (formerly fETH - rebranding 2 weeks ago:[https://twitter.com/ankr/status/1403351319214116867](https://twitter.com/ankr/status/1403351319214116867) : - Uniswap v3 (concentrated liquidity - out of range, aETHb can be bought at 2.5% discount, but no liquidity for the moment to sell aETHb): [Uniswap Info](https://info.uniswap.org/#/pools/0xabd57587522f6fa7d6d77aaab8a22afbfafa015a) An ETH2 Switcher will be developed by Ankr according to last AMA in Reddit, which will enable users to switch aETHc to aETHb and vice-versa, which should make aETHb benefit from aETHc larger liquidity. aAVAXb: No liquidity at the moment, AVAX staking available on [stakefi.ankr.com](http://stakefi.ankr.com), but not announced on Ankr Twitter channel yet. Key Management: Non-custodial through threshold signature ![StakeFi Key Management - ETH2](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/6/62546c207ecd4ff6500577e3d0be955216d32c4d.png) Ankr StakeFi Competitors: - Lido Finance [https://www.coingecko.com/en/coins/lido-staked-ether](https://www.coingecko.com/en/coins/lido-staked-ether) - StakeHound [https://www.coingecko.com/en/coins/stakehound-staked-ether](https://www.coingecko.com/en/coins/stakehound-staked-ether) → lost recently $75m ([Fireblocks CEO Denies Negligence In $75 Million Ether Loss](https://www.forbes.com/sites/emilymason/2021/06/23/fireblocks-ceo-denies-negligence-in-75-million-ether-loss/)) - Stakewise (sETH2+rETH2) [sETH2 price, chart, market cap and info | CoinGecko](https://www.coingecko.com/en/coins/seth2) [rETH2 price, chart, market cap and info | CoinGecko](https://www.coingecko.com/en/coins/reth2) → aETHc: [ankrETH price, AETH chart, market cap, and info | CoinGecko](https://www.coingecko.com/en/coins/ankreth) → aETHb: [Ankr ETH2 Reward Earning Bond (aETHb) Token Tracker | Etherscan](https://etherscan.io/token/0xd01ef7c0a5d8c432fc2d1a85c66cf2327362e5c6) Future Ankr token usage in Ankr StakeFi revealed during recent AMA: - Access to instant liquidity pool (as Avalanche can be unstaked, it will be possible to redeem aAVAXb at fair value, which means that Avalanche Bond will have an elastic supply, which ensures a more robust price stability mechanism than ETH2 bonds that not always trade at fair value) - ETH2 Switcher at fair value between aETHc and aETHb - Ankr Bridge to enable Internet Bond holders to exploit price differences between DEXs on Ethereum and Binance Smart Chain → Holding a certain level of Ankr token will be requested to access the three above products, enable Ankr token holders to have a competitive advantage when operating as DeFi Internet Bond Market Makers to exploit arbitrage opportunities linked to Ankr Internet Bonds. ---
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [June 26, 2021, 4:46am UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/4 "2021-06-26T04:46:52Z")
Hopefully, we can pass it this time around. This proposal has my support. ---
**Author:** ![eldude](https://avatars.discourse-cdn.com/v4/letter/e/c6cbf5/32.png) [@eldude](https://gov.bancor.network/u/eldude)\ **Post date:** [June 26, 2021, 6:35am UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/5 "2021-06-26T06:35:56Z")
Love seeing @Filipe from ANKR active on our governance! ---
**Author:** ![ccc](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/ccc/32/3214_2.png) [@ccc](https://gov.bancor.network/u/ccc)\ **Post date:** [June 26, 2021, 5:27pm UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/6 "2021-06-26T17:27:57Z")
This proposal has my support, and I will vote FOR it. Cloud blockchain computing and development? The possibilities are myriad; failing to whitelist this would be a failure to capitalize on a great opportunity. In the future we may even be able to make use of this project to augment our own systems. ---
**Author:** ![mbr](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/mbr/32/3021_2.png) [@mbr](https://gov.bancor.network/u/mbr)\ **Post date:** [June 28, 2021, 6:16pm UTC](https://gov.bancor.network/t/proposal-whitelist-ankr-100k-co-invest/2475/8 "2021-06-28T18:16:43Z")