Akash Opens Two-Year, One-Way Portal for 1:1 AKT Transfers to Solana

Akash Network opened a two-year portal Nov. 12 for holders to move its native token, AKT, from Cosmos to Solana, adding a one-way route that issues tokens on the new network.

The portal keeps each holder’s AKT locked on Akash while creating an equal amount on Solana, a 1:1 transfer that cannot be reversed. Akash stakers approved moving AKT to Solana on Nov. 2. Akash’s plan called for two audits before launch and allows 30 days to publish their reports. The reports were not public as of Nov. 13.

AKT was already available on Solana through Sunrise, a separate route from this portal for transfers originating on Akash’s Cosmos chain. The portal moves only the token. Akash’s compute marketplace remains on Cosmos and needs a separate cutover vote to move; AKT already transferred to Solana will not count in that vote, which takes place on Cosmos.

Holders with staked AKT must first unstake and wait through a 21-day unbonding period before transferring. Cosmos staking rewards will continue until a later cutover. Akash founder Greg Osuri said Solana staking would not launch for a few months.

The two-year portal window is open, while the marketplace move awaits its separate cutover vote.