Posted by u/[deleted] 2 years ago. This is alongside the ability to be part of a network that can achieve significant growth in terms of transaction volume, user numbers, and international reach. When it comes to launching a node-candidate for validator positions, only 100,000 AKRO will be required as an initial stake. Akropolis was conceived as a distributed savings and pensions fund — a solution to what it described in its initial announcement as ""a looming pension deficit apocalypse"" resulting from the inevitable collapse of state pensions systems. AkropolisOS has been designed to allow developers to quickly set up and manage DAOs with a highly customisable range of features. AKRO was first listed on Huobi Global, but it is now available for purchase on a number of major exchanges, including Binance, MXC.COM, KuCoin and Uniswap (V2). Akropolis is a domain-specific financial protocol dedicated to the needs of the informal bank-less economy. Stay informed with the most recent news, insights, and Bitcoin price analysis. You also have the option to opt-out of these cookies. It’s clear that the Akropolis team have identified a significant market sector that is very much in need of modernization. The bid/ask orders are sent by lenders/borrowers during the standard period and executed before the new one starts. The team declare that the global informal economy is a billion-dollar financial network, with Autonomous Financial Organizations (AFOs) being commonplace in numerous locations around the world. In addition, it may take a significant amount of time to establish efficient Risk Assessor/Borrower relationships alongside a successful system of undercollateralised loan agreements. The Akropolis protocol is composed of several layers which are each responsible for separate functions: These features are designed to allow Akropolis to facilitate the development of Autonomous Finance Organizations (AFOs) which can be public or private entities that interact with internal and external capital providers (via pooling) and other stakeholders. We do not engage in any activity requiring such licenses or accreditations. Akropolis (AKRO) is a cryptocurrency token and operates on the Ethereum platform. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. He has audited smart contracts for a wide range of companies, including Status, Cindicator, and Stox. The Akropolis suite of products utilizes a governance token, AKRO, to help secure its protocol. A Guild cannot borrow a higher share of the funds from the overall supply in recent N periods than its staking share. Akropolis aims to give its users the ability to both launch new DeFi protocols and grow their crypto asset holdings using a suite of DeFi dapps they can help manage. The marketing team appears to be on the small side, however, this may change as the project gains traction and we can also expect the business development/ambassadorial aspect of the team to develop over the coming months. Stay up to date on the latest DeFi news with the CoinMarketCap Blog. The team are also in the process of incentivizing early Sparta users and are close to unveiling their liquidity mining programme, while an easy to use DeFi yield rebalancing module which utilizes Robo-Advisor for Yield from Staked.Us to rebalance between protocols such as Aave, Compound, dYdX, and Fulcrum in order to generate higher yields is in development. Akropolis’s market cap currently sits at $136,820,000.00 USD, holding up for a market cap rank at #360. The character of crypto assets is wavy, which means that there is a strong chance that AKRO can get to near to an all-time value once again in the future. The Akropolis protocol has launched on the Ethereum mainnet, with the Sparta, and Delphi products being built on top of the AkropolisOS framework. At the same time, all pre-sale tokens were subject to monthly vesting over a one year period and this will soon come to an end. It has a circulating supply of 870 Million coins and a max supply of 4 Billion coins. The second relies on the economic rationality of any attackers, as they stand to lose the value of their tokens if they destroy the network. Loopring $0.66. But in August 2020, the company stated that it had shifted its focus to building the underlying framework for such a system by creating AkropolisOS to allow for the rapid launch of for-profit capital pools. AKRO is the native token to the platform. With a PoW consensus, miners compete among each other to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted. It has a circulating supply of 2,958,500,912 AKRO coins and the max. Akropolis is registered in Gibraltar, as Akropolis Decentralised Ltd. and retains an address at Suite 23 Portland House, Glacis Road, Gibraltar, GX11 1AA, and a 116430 company number. The project raised $ 2,400,000 out of $ 2,400,000. Once again, information on the IEO is available on Huobi Global; however, anyone interested in the project may want further explanations on the team’s business development objectives going forward. However, this is where we start to run into some potential issues, as Akropolis and their Sparta/Delphi products will mainly attract current DeFi users who are already active in the space. Payment processing Module (C2FC Framework), The AkropolisOS framework is fully operational, and has been, by the Certik team. Delphi allows anyone to participate in automated passive investing and “yield farming”, and facilitates the farming of DeFi tokens such as COMP, BAL, and MTA and passive dollar cost averaging (DCA) into BTC and ETH. Akropolis is a DeFi project catering to borrowers and lenders, as well as builders and savers. Are you interested in buying AKRO or other cryptocurrencies such as Bitcoin? Prior to Akropolis, Kurbanova was head of analytics at crypto-asset intelligence company Cindicator, where she developed research tools and methodologies as well as co-authored the company's CND token model and white paper. Akropolis describes itself as a domain-specific financial protocol dedicated to the needs of the informal economy. Payment Processing Module incorporates a unique Commitments to Future Cash Flows (C2FC) Framework which allows any financial interaction to be transformed into an exchange of tokenized cash flows, and C2FC is currently implemented as a non-fungible token (NFT), that operates a set of smart contracts deployed on the Ethereum network. In the event that a large number of AFOs/Guilds are created for malicious means, a potential solution is to freeze a certain amount of tokens for AFO/Guild creation and prevent their withdrawal until the created organization is recognized as honest according to the specific criteria of their members’ activity. The company found that the smart contracts — after Akropolis implemented some suggested changes — were ""structurally sound and not vulnerable to any classically known anti-patterns or security issues."". Currently, the Sparta and Delphi products built on Akropolis allow users to engage in the loan/credit process, and to “yield farm” other DeFi tokens. The team have outlined Rotating Savings and Credit Associations (ROSCAS), in Kenya, Ghana, and Uganda, as well as community cooperative banks in other emerging nations. Kate specialises in developing research tools and methodologies, and tailoring products and services for crypto specific use cases. There is currently close to $1.8B locked up in various DeFi solutions, with over $1B of this figure being accounted for by the Maker DAO and Compound decentralized credit/lending solutions. Akropolis price today is $0.04913910 USD, which is up by 4.23% over the last 24 hours. As Akropolis will use a Designated Proof of Stake (DPoS) consensus mechanism with the launch of AkroChain, AKRO token holders will participate in block validation, with each AKRO holder being able to participate in the validation process or to delegate tokens to any other validator and earn a part of the corresponding reward. Prior to starting Akropolis and serving as its CEO, Andrianova co-founded and was managing director of Apiro Capital, a data- and technology-driven investment management firm, in addition to founding private equity advisory firm Sirin Capital. The platform integrates with a number of leading DeFi protocols, and can be used to simplify the process of creating/taking loans, and participating in a range of financial activities like staking, and passive investing. Akropolis is a decentralized economy project. At the same time, projects such as Stellar, Everex, and Ferrum Network have targeted the unbanked/underbanked across Asia, and Africa. 9.5% was reserved for team members and advisors, with a one-year lock-up and vesting monthly for 12 months — later extended to January 2021; 14% for marketing and community initiatives, with a two-month lock up and vesting 2%, 1.5%, 1%, 2.5%, 4% and 3% of the total supply each month, respectively; and an additional 42.5% for the company, with 40.5% having a one-year lock-up and vesting monthly over two years, and 0.5%, 0.5% and 1% of the total token supply being unlocked after 90, 120 and 180 days, respectively. Akropolis is a company that operates an Ethereum-based decentralized finance protocol that seeks to provide an autonomous financial ecosystem for saving and growing wealth, including through borrowing and lending. As can be expected, key aspects of the project such as the technical architecture, token metrics, and development roadmap are well covered, and the whitepaper also contains a revenue model and go to market strategy. The AkropolisOS framework is fully operational, and has been audited by the Certik team. The current CoinMarketCap ranking is #381, with a live market cap of $74,349,772 USD. The top tier crypto … The two sales combined represent 22.5% of the total token supply, and the AKRO sold was locked up for two months following its public sale, vesting monthly for another 12 months. One year on from conducting an IEO on Huobi Global, the Akropolis team have embarked on a significant amount of development and have launched a platform that is intriguing to anyone keeping up with the emerging DeFi movement. All team and advisors’ tokens were to be locked up for one year after the Huobi Prime Offering, with monthly vesting over two years thereafter. AKRO holders can also vote for changes in bonding curve parameters, collateralization level, and buyback parameters, and the team declare that the AKRO token plays a key role in staking and governance as its value is connected to the network and not tied to other projects and networks. The roadmap outlines various stages of development starting from February 2019 when the C2FC Financial Primitive was completed on the Ethereum network. Bokky Poobah also acts as an Advisor, and Bokky is an Actuary and Quantitative Software Developer with close to 30 years of industry experience. AKRO can be traded against fiat currencies such as the U.S. dollar, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) and stablecoins such as Tether (USDT) and USD Coin (USDC). Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. in various DeFi solutions, with over $1B of this figure being accounted for by the Maker DAO and Compound decentralized credit/lending solutions. The project uses an ERC-20 token, AKRO, for protocol governance across its suite of products. Akropolis also integrates with leading DeFi protocols such as Maker, Compound, Aave, Balancer, and Curve which makes it an interesting alternative for anyone already engaging in decentralized loans/staking. As a result, Akropolis is an under the radar, small cap project with a lot of potential. The fact the project conducted an IEO on Huobi Global means that there is also a good amount of information available on the project’s 2019 token sale. It is using the N/A algorithm and a N/A coin proof type. Risk Assessors are incentivized to stake pTokens for good borrowers, and receive part of the interest proportionally to their stake for the borrower when a borrower acts well and repays their loan on time. YFI +623.6% views. The team also outline other protocol layers such as the Accounting Module, AFO maintenance and Governance Module, and the Network Governance Module with each platform layer being able to interact via its API and can also interact with third-party solutions and applications built on top of the Akropolis protocol. Our proposed initial implementation is on the Ethereum blockchain. The market cap is in the region of $38 million and is traded on a number exchanges such as Huobi, Kucoin and Hotbit, who have a great little management tool that makes coin hunting a pleasure. Other completed works include Compound Integration, the Co-op DAO Governance Module, the Staking Portal, and the PolkaDAI Bridge. She has also held the position of Advisor to the Web3 Foundation, as well as an Advisory Board Member position for OpenMaker.eu which is an EU funded industrial incubator. The buzz surrounding the project has understandably died down since the IEO around a year ago, and the project is somewhat under the radar when compared to other DeFi operators. It can be implemented on any blockchain with a Turing-complete virtual machine. The initial number of validators is established by the Akropolis team (30 validators that are defined for every round) and can be changed by a token holders’ vote. CoinCodex delivers latest Akropolis (AKRO) news, analysis, and information to the world, featuring stories from the most trusted source. The Payment Processing Module incorporates a unique Commitments to Future Cash Flows (C2FC) Framework which allows any financial interaction to be transformed into an exchange of tokenized cash flows, and C2FC is currently implemented as a non-fungible token (NFT), that operates a set of smart contracts deployed on the Ethereum network. As an ERC-20 token, AKRO transactions rely on the Ethereum blockchain's proof-of-work consensus algorithm to validate any on-chain records. Crypto.com exchange is powered by CRO, with deep liquidity, low fees and best execution prices, you can trade major cryptocurrencies like Bitcoin,Ethereum on our platform with the best experience You can use this Akropolis review to check if it is worth it to invest in this cryptocurrency and how trusted or risky this investment could be. The company provided some insight into its business model in December 2018, reporting that it would focus on building a pipeline of institutional partners and clients, developing technology and academic partnerships, and building out the Akropolis ecosystem. The minimum stake required to become a validator is 1,000,000 AKRO tokens, although a node does not need to. The platform also incorporates the pToken which is the ERC20 token of the Akropolis DAO, which gives the right to vote on decisions inside a pool and gain access to an uncollateralized loan. This website uses cookies to improve your experience while you navigate through the website. This helps to prevent pool members from abusing their power (e.g. As a result, the team have built the first two products that make use of AkropolisOS, namely Sparta, and Delphi. Akropolis is a provider of decentralized finance products with an emphasis on asset yield generation. We’ll be going over a few AKRO wallets that are highly recommended by Traders and Investors. The wiki contains a whitepaper from May 2019 which outlines some of the current issues surrounding traditional and more informal financial networks and presents the Akropolis team’s range of solutions. The Sparta 2.0 launch with a rebalancing module and stablecoin support is set to take place at the end of July, while the Delphi mainnet launch is set for the beginning of August. In one year, the Ethereum-based protocol’s native token has seen gains of 5,868%, and its latest updates point to more potential. The team behind the platform aims to for it to be used across multiple jurisdictions to deliver pensions, social welfare, and other future benefits in a way that is portable. However, this could soon change as there is a growing focus on DeFi projects and the team have just launched their first version of Sparta with the v2 and Delphi launches scheduled to take place by the end of summer. There is a lot to like about the project, including the sustained level of development, and the launches of AkropolisOS, and Sparta with the Delphi mainnet launch being just weeks away. The minimum stake required to become a validator is 1,000,000 AKRO tokens, although a node does not need to acquire 1,000,000 tokens as they can be pooled from the community by token delegation. In addition, the process of using the products and services currently on offer is quite complicated, and may be too difficult for the target demographic to pick up even if they are willing. She acted as an Advisor to the blockchain microtasking platform Latium, before becoming the Head of Analytics for Cindicator. The team are also addressing issues that need solving with remittances, and credit unions in emerging nations very much in need of modernization and innovative solutions. CoStar, the world leader in commercial real estate information, has the most comprehensive database of real estate data throughout the US, Canada, UK and France. Akropolis is part of the growing DeFi movement, and there are a number of projects working on opening up access to digital payments and blockchain based transfers such as Request Network, and OmiseGO. The IEO raise of $2.4m was reasonable given it took place just one year ago, the team have done well to produce AkropolisOS, Sparta, and Delphi and do not appear to be encountering too many difficulties in moving forward. It is mandatory to procure user consent prior to running these cookies on your website. Akropolis has a current supply of 4,000,000,000 with 1,995,847,437.5 in circulation. Marketing & Community tokens were locked for one month after the Huobi Prime Offering with release schedules of 2%, 1.5%, 1%, 2.5%, 4% and 3% of the total token supply being unlocked each month respectively. Close. We also use third-party cookies that help us analyze and understand how you use this website. The Akropolis protocol aims to create this new digital financial landscape by providing a unified program interface for the cooperation/exchange of value of digital financial organizations. Current fiat prices for Akropolis (AKRO) crypto with volume, trading pairs and historical cryptocurrency charts across all exchanges Market Cap: $2,461.90B / 24h Vol: $436.88B / BTC Dom: 44% / Cryptos: 10183 / Markets: 30438 Our content is provided solely for informational and educational purposes. But opting out of some of these cookies may have an effect on your browsing experience. It's FREE! Each validator needs to bond (stake) tokens, and the minimal stake is defined automatically so that only a predefined number of nodes validate the network, while others stand as nominators. Akropoli was founded in 2017 by Ana Andrianova, with Kate Kurbanova joining later as a co-founder. The team successfully raised $2.4m via their IEO on Huobi Global and have also secured the support of BlockVC. Here are some other articles that you may be interested in. She acted as an Advisor to the blockchain microtasking platform Latium, before becoming the Head of Analytics for Cindicator. Akropolis built AkropolisOS, the modular and light framework for creating DAO for profit. entering the pool, changing bonding curve and making pTokens too expensive for potential new pool entrants). As can be expected, key aspects of the project such as the technical architecture, token metrics, and development roadmap are well covered, and the whitepaper also contains a revenue model and go to market strategy. The information currently on offer is quite comprehensive, with the team regularly providing updates via their blog and social media channels. There has been an hourly dip by -1.92%. – Kate comes from a financial background and has been working in the blockchain sector for a number of years. Users can also take out undercollateralised loans from the pool by providing 50% of collateral (i.e. Akropolis IEO was conducted from 16 Jul to 16 Jul 2019 by the project team from Russia. Again, all AKRO holders can participate in block production, and the reward for block producers is a sum of the transaction commissions on the ledger layer and commissions, charged on the market layer. As a result, the team have built the first two products that make use of AkropolisOS, namely, The Sparta 2.0 launch with a rebalancing module and stablecoin support is set to take place at the end of July, while the Delphi mainnet launch is set for the beginning of August. The team identify current roadblocks that affect the growth and scalability of AFOs and aim to provide network users with substantial cost reductions, and an easy to use, modernized platform. You can find out more about the Akropolis IEO on Huobi Global here. Later that month, it announced a bug bounty program, with rewards paid in AKRO or stablecoins to those who report a previously undiscovered security flaw. They will also do well to document their business development in their target areas. ... a few more dips like today and the average age expectancy of crypto investors will go back down to like 40 due to high blood pressure and seppuku. In addition, the Sparta and Delphi products are very much in keeping with current market preferences and allow anyone to partake in lending/borrowing, and yield farming. Akropolis is a decentralized finance (DeFi) protocol that has been developed in order to serve the global, informal, bank-less economy. Akropolis has a circulating supply of 2,709,327,981 coins and a total market cap of $204,822,595 which ranks it at position 226. CryptoCalibur is not a licensed financial advisor and does not provide any professional, financial, investment, legal or other advice. Thanks for subscribing! The CryptoCalibur Insider Newsletter will be delivered to your email every Monday. It can be implemented on any blockchain with a Turing-complete virtual machine. In addition, the crypto lending sector is growing in popularity and adoption, and makes up part of a DeFi movement that is on an upward trajectory. The token is generally used to establish trust among the network’s stakeholders and can be used to control access to liquidity, and/or contribute capital to the network. These tokens can be used as collateral for loans, and when a user pledges his pTokens as collateral (with a min deposit of 50% of the loan amount), they will be unable to take a loan more than 200% relative to the size of their pTokens. As a result, there are a number of working products on Akropolis with a significant amount of developments in the pipeline. It’s worth noting that simply holding the pTokens does not grant the right to receive any profits or payments, and platform loans are to be provided in known and reliable stablecoins such as SAI, which are also used to repay loans, and the pToken cannot be used for this purpose. The Community trust staking mechanics have been designed to be one of the principle protection measures against these attacks. The team have since completed the development of the AkropolisOS, and conducted Alpha and Beta testnet launches, prior to the full launch of Sparta in June. This includes CTO Alexander Mazaletskiy who has a PhD in Automation and Machine Learning and has been working in the blockchain space since 2010. The initial number of validators is established by the Akropolis team (30 validators that are defined for every round) and can be changed by a token holders’ vote. In August 2020, Akropolis reported that there had been several attempted, but unsuccessful, hacks of its smart contracts. It means that loans and repayment terms are tied to periods. OMG Network $10.21. Overview information for Akropolis (AKRO) including News, Charts, Discussion and more. It’s clear that the Akropolis team have identified a significant market sector that is very much in need of modernization. As the IEO took place on July 16, 2019 it’s worth noting that the Foundation tokens are soon to be unlocked while the Presale token vesting schedule is almost coming to an end. Anyone using Delphi can also earn rewards based upon savings and liquidity provision with AKRO governance token rewards being paid out on a weekly basis. You can find out more about the Akropolis IEO on Huobi Global. However, due to the scope and intricacy of the project and the range of solutions of offer, it may take the average person some time in order to get to grips with what Akropolis has to offer. This period is countable in standard periods, e.g. The main aim is to develop a competitor advantage by providing modernized, digital solutions for well established networks that have already built up a significant amount of trust and goodwill. View all This content and any information … One is the initial token distribution to stakeholders that are interested in network growth, as the appreciation in Akropolis’ capitalization results in these attacks becoming more complex and expensive. Fastest live cryptocurrency price & portfolio tracker with historical charts, latest coin markets from crypto exchanges, volume, liquidity, orderbooks and more! Track real-time market and fundamental asset data for Akropolis from across the crypto ecosystem. CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins. While this is to be expected, we would also like to see adoption amongst the team’s target demographics of users in emerging nations, and to get an idea of exactly how the Akropolis team plan to establish their solutions across a range of markets. What is Akropolis? Trending assets. Again, due to the development that has already taken place the full development of the Sparta and Delphi solutions should be completed by the end of Q3 2020. The team conducted a private presale in 2018 with tokens being sold for $0.014, and the details of the various sales are as follows: Total Transaction Volume: 320,000,000 AKRO (8% of total tokens)                              The tradable volume per round was: 64,000,000 AKRO, 256,000,000 AKRO, Price Limit: The two rounds of the limited price during the price limit period were: 1 AKRO = $0.005, $0.008125. The last known price of Akropolis is $0.010701 USD and is down -25.76% over the last 24 hours. These include co-operatives, Rotating Savings and Credit Associations (ROSCAs), and peer to peer lenders. yearn.finance $71,742.04. The team also state that  holding pTokens does not grant the right to receive any profits, income, payments, returns, dividends from Akropolis or any entity from its group of companies, nor is it intended to be a security, commodity, bond, debt instrument or any kind of financial instrument or investment carrying equivalent rights.

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