Akropolis ICO Review

The Akropolis project is creating decentralised pensions on the blockchain, with the goal of creating a safer financial future for the humanity.

Name: Akropolis
Symbol: AKT
Hard Cap: $25,000,000
Presale Date: ongoing 
Presale Price: 1 AKT = $0.069
Presale Bonus: 20% bonus over ICO price (Private Presale)
ICO Date: Planned for Q2 2018
ICO Price: 1 AKT = $0.069

Whitelist: Open registration for Private Presale.
Token distribution date: Scheduled for Q2 2018.

Social Interest (12-Mar-2018):Twitter: 1142
Telegram: 5796

IDEA

• Globally, the pension industry is in urgent need of serious reforms. The global deficit between pension assets held and existing liabilities are projected to grow rapidly in coming decades and risks triggering a pension-induced global financial (and social) crisis.

• Akropolis is dedicated to building a global alternative pensions infrastructure. This is achieved by building an entirely new multi-jurisdictional protocol-agnostic blockchain infrastructure designed to enable low-cost, transparent, fully traceable, and secure pension provision for billions of people globally.

• The platform aims to leverage decentralised technologies to deliver a transparent, accountable and portable pension infrastructure that provides services to meet the needs of the modern workforce. It will provide an efficient gateway between both individual users and institutional pension funds, and the fund/asset managers who traditionally manage pension investments.

• The initial implementation of the Akropolis protocol will be a hybrid of decentralised components managed by a centralised trusted entity.

• The platform will initially be built on Ethereum, however, the ultimate goal of Akropolis is to be a blockchain-agnostic pension provider that utilises the most efficient and appropriate technologies to deliver the required services and features. This may entail non-Ethereum based decentralised chains such as EOS, Cardano and RSK.

• Akropolis system will have five agents that participate in interaction on the platform; Individual User (represents a singular, non-institutional individual who uses the Akropolis platform for their pension savings), Pension Funds (institutional entities that may currently exist in the pension industry and who maintain their own platform and collection of users), Fund Managers (institutional entities charged with purchasing or acquiring assets on behalf of users and/or Pension Funds), Asset Tokeniser [centralised entities that provide a source of truth to the blockchain layer (through the minting of tokens) and as such are key actors in the trust model of Akropolis], Developers (community members who contribute to the Akropolis platform, building extended/advanced services for pension users).

• There are two main tokens within the Akropolis platform. The AKropolis external Token (AKT) and the Akropolis Internal Token (AIT).

• The AKropolis external Token (AKT) is a fixed-supply token whose value is subject to market forces. A key function of the AKT s to serve as an onboarding utility token that allows participants to access the Akropolis platform. However, by default, the platform will operate on a freemium model, meaning that individual users can interact with the system without requiring AKT tokens. This model is adopted to ensure that all individual users can access the platform, consistent with Akropolis’ desire to develop a pension platform to meet the needs of a global community of workers.

• The Akropolis Internal Token (AIT) is an independent token which abstractly represents an arbitrary stable coin. Due to the long-term nature of staking, this token is required to give participants a volatile-free option when engaging the staking incentive mechanisms. AITs can be exchanged for both cryptocurrency and fiat deposits, and fundamentally act as an internal accounting tool whose audit trail lies on the public blockchain. Furthermore, AITs are entirely independent from the AKTs (i.e., Akropolis uses a decoupled two-token system).

TOKEN UTILITY

• Individual users: access to free and premium services. Rewards.
• Fund Managers: access to new clients and new sources of capital. Management fees.
• Institutional users: access to data, services and capabilities.
• Developer community: access to ecosystem development tools and opportunities. Rewards.

MY THOUGHTS

• Akropolis scored 77.08% in our BlackDragon ICO Ratings spreadsheet due to attractive $25M Hard Cap for the project of this scope, good team and advisors, very good idea and token utility. Their grade could reach 80% if their community continues to improve in numbers (Telegram members and Twitter followers). Whitepaper is well written and the project is well thought of.

• There are no direct competitors in a blockchain space (Auctus focus on robo-advisory and are not a competing but a complementing proposition). There are operators in the off-chain space but all of them focus on local, aggregator-style solutions.

•  Infrastructure will be easy to use: Individual users will be served via a mobile app with features that encourage easy saving, while institutional clients will easily onboard and manage their existing assets via Akropolis enterprise web app, with all solutions backed by the blockchain and smart contracts.

• Backing from one of the most influential global blockchain investment funds, Kenetic Capital. Kenetic Capital investments include such landmark projects as Ethereum, OmiseGO, 0x, ICON, and many more. Amongst Akropolis backers are C-level professionals from several global pensions organisations. Industry support is a significant statement on the quality of the behind-the-scenes work being done.

• The team behind the project is well qualified. Headed by CEO, Anastasia Andrianova, which is currently an advisor to The Bee Token, and Web3 Foundation. She is also a FCA-regulated fund management professional and a board member of a regulated private equity fund. Furthermore, she is a member of the Blockchain Ecosystem Network. Their advisory board looks really strong, with many significant names such as Ros Altman (former UK Minister of State for Pensions), Kate Kurbanova (Head of Analytics at Cindicator) and Steven Reynolds (former Community Manager at Binance).

• According to Akropolis roadmap, MVP will be deployed with trial clients in Q2-Q3 2018 which is soon. Their B2C Beta product release to the private group of early adopters and B2B product prototype completion is announced for Q3-Q4 2018.

• The idea is very good, as the problem with failing pension system is huge. This is a very solid project that’s trying to solve a real-world problem on a global scale.

CONCLUSION

• For flipping: POSITIVE

The idea behind the project that is targeting a global problem is really interesting. Their roadmap is pretty clear with their objectives, they announced a B2C product as well as B2B product prototype for Q2-Q3 2018 which is a good indicator for flipping. Furthermore, their presale allocations are only available to the investors who will contribute to the project development.

Institutional partnerships with award-winning global organisations to be announced soon, which means that exciting times are coming for this project, as team is trying to make a partnerships that will raise the whole project to a higher level.

• For long-term holding: POSITIVE

There are no direct competitors in a blockchain space for Akropolis. The most similar one is Auctus (did a good job in price actions after the ICO) who focus on robo-advisory and are not competing but complementing proposition.

According to The World Economic Forum, 48% of the retirement aged population do not receive a pension, and the retirement savings gap globally will grow from $70 trillion in 2015 to $400 trillion by 2050. Akropolis with its current team, and ambitious roadmap could become a solution for this huge problem, which is definitely a good sign for a long-term holding.

For more information regarding Akropolis:

Website: akropolis.io (team, detailed roadmap, whitepaper)

Telegram: t.me/akropolis_official (4,900+ members)

Group Airdrop & ICO: https://www.facebook.com/groups/174689159952121/