Akash Governance Vote Proposes Moving Network to Solana

Akash Network's Proposal 346 would move the network from its Cosmos sovereign chain to Solana and authorize a two-year, one-way AKT migration portal after a vote and audits. Voting opened Monday, Oct. 26, at 11:02 a.m. ET (15:02 UTC) and is scheduled to close Monday, Nov. 2, at 10:02 a.m. ET (15:02 UTC). A tally on Oct. 27 showed about 98.29% support. If the proposal passes and audits of the token and migration portal are completed, AKT would launch on Solana as an SPL token. The audits are expected to take two to three weeks. The portal would allow transfers at a 1:1 ratio and retain AKT's ticker. Holders with staked AKT would first need to complete a 21-day unbonding period. Proposal 346 sets no date for the market cutover.

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