ANKR token has various utilities, including payment for services within the Ankr ecosystem. Holders could also stake their token to earn continuously from their locked tokens even up to 9% APY for the First iteration. Stake here ⬇️ https://ankrs.com/staking/stake
All is taken care of on the cold storage front. You've got the right thinking on this one. BTC & ETH should be my primary, however, it wouldn't hurt to spread the investment around a little bit from time to time for others in the top 20. I don't have much exposure to anything aside from ADA, ALGO, XLM, BTC, ETH, VET, LINK, & ANKR. ADA & ALGO I will consistently continue to buy, but looking for others that aren't what I mentioned above.
It's already "integrated" in most tokens. See the "mint" call here [https://bscscan.com/address/0x2170ed0880ac9a755fd29b2688956bd959f933f8#writeContract](https://bscscan.com/address/0x2170ed0880ac9a755fd29b2688956bd959f933f8#writeContract) (Binance-Pegged ETH)? You just need the private key of the contract creator and you can mint arbitrary amounts of ETH-BEP20, deposit send them to Binance and sell them for some real coins like BTC, LTC :-) Exactly this appears to have happened here, with ANKR... the "hacker" had those keys because they were leaked. Same can happen to any token.
no may have for ANKR, looks like they fucked up on an update to the smart contract on smart chain side of things and inadvertently exposed the developers credentials, so the hacker just changed the smartcontract again and minted themselves a few trillion tokens for about $5 million profit after sale.
For one it's Anchor not ANKR. ANKR is infrastructure. You're giving people too much credit. Most people have no idea on where to start with contracts. Plenty of people far more knowledgeable than anyone in here got burned by defi. Incredibly smart people can still manage to be exploited. Some of the biggest advocates for defi have been very open about the issues surrounding defi. The crypto bro, koolaide drinkers crack me up. Look at the bad debt with aave last week because of the crv fiasco. Telling people who can't safely use defi to not use a cex is idiotic. Telling people who can't figure out defi to not bother at all is as well. I'm not blaming anyone either, in fact i'm here for the ponzis. Saying defi is somehow less risky than coinbase is laughable.
ANKR because of the 9% apr (with slight oscillations between 8.60 to 9.40) , the locking period is about 87-90 days and after that you can keep staking. Is not worth to compound the rewards because of the ETH fees. The downside of having ANKR is that historically is not yet a well performing token price wise. The positives is that is a very solid project and has plenty of partnerships (DYOR). The economic health of the ankr company is not linked to the token price that's why they can keep developing WEB3 projects and partnerships. The released tokens are already at max, 10B.
Ill predict now that ALGO,HBAR,MATIC, an L2 scaling solution (LRC,OP, etc), LINK, XLM, Quant will all be in Top 10 one day. Then in Top 20+ maybe REN,KNC, Enjin,ANKR,Solana,Near, and lots of other erc-20's like The Graph, Cartesi, possibly Sandbox or another attempt at Metaverse, any obvious ones ive forgotten?
Well, I treat them as.. investments! Long term game, not needing the money and don’t really following the short term price action! Apart from BTC and ETH, my biggest alt bags are ANKR and CTSI - I’ve staked them and checking again next year!
Staking on Binance Earn is the easiest and most straightforward. But also the APY is way better (more than double if we are staking directly on chain). I stake CTSI in the delegated pools & ANKR - staking just went live and almost all types of wallets are supported.