Key Takeaways
Akropolis (AKRO) is a decentralized finance (DeFi) platform that operates on the Ethereum blockchain. It provides a range of products enabling users to save, grow, and borrow cryptocurrencies in a transparent and permissionless manner. Despite being relatively new within the DeFi landscape, it has quickly gained popularity among the crypto community.
What Is Akropolis (AKRO)?
Akropolis is both a company and a DeFi protocol designed to function on the Ethereum blockchain. Its primary mission is to establish a self-sustaining financial ecosystem, allowing users to save, accumulate wealth, borrow, and lend cryptocurrencies all from a single platform. This protocol provides users with tools to manage their financial activities without the oversight of a central authority, emphasizing user empowerment through decentralized autonomous organizations (DAOs).
How Does Akropolis (AKRO) Work?
Akropolis serves as a DeFi platform based on the Ethereum blockchain, allowing users to:
- Launch and manage DeFi applications.
- Access various DeFi products through its Autonomous Finance Organizations (AFOs). Notable examples include:
- Sparta, a platform facilitating uncollateralized lending and borrowing.
- Delphi, which focuses on yield farming.
- A Dollar Cost Averaging (DCA) tool that makes regular investments into cryptocurrencies automatically.
To summarize Akropolis’s functionality:
- AFO Creation: Developers can create AFOs on AkropolisOS, determining their specific functions and governance structures. Users can engage with AFOs by providing liquidity, staking AKRO tokens, and voting on governance proposals.
- Autonomous Finance Organization (AFO): AFOs operate independently according to set rules and smart contracts, generating income through various methods, such as lending fees or interest from deposited assets. Earnings are then distributed to participants based on the AFO’s established guidelines.
Akropolis (AKRO) Token And Tokenomics
The AKRO token serves as the native cryptocurrency for the Akropolis platform, utilized for:
- Governance
- Transaction fees
- Staking
Token Details: - Total Supply: 5,000,000,000 AKRO
- Circulating Supply: 4,436,209,630 AKRO
- Current Price: $0.005785
- Market Capitalization: $25,663,985
This data reflects the status as of December 16, 2024, and is subject to change as the token’s price, market cap, and supply fluctuate.
Distribution Breakdown: - 22.5% was sold through two private token sales in 2018.
- 8% was distributed via a Huobi Prime Offering in 2019.
- 46% is allocated to the Akropolis Foundation for development and ecosystem expansion.
- 14% is reserved for community and marketing efforts.
- 9.5% is designated for the team and advisors.
Recent Changes
ADEL To AKRO Swap
In March 2021, Akropolis initiated an option for users to exchange ADEL tokens (previously utilized for governance) for AKRO at a 1:15 ratio. This move was designed to streamline the tokenomics and enhance value for AKRO holders.
Staking Revamp
In 2021, a proposal (AIP 011) was introduced, proposing new features in staking tokenomics, including token burns and locks. These changes aim to boost the value proposition for staking AKRO.
Where Can I Buy Akropolis (AKRO)?
- Binance: A leading exchange that supports a wide variety of cryptocurrencies and offers multiple purchasing options, including credit and debit cards as well as peer-to-peer trading.
- KuCoin: A smaller exchange known for its low fees and extensive cryptocurrency offerings.
- Gate.io: This platform facilitates AKRO trading along with other cryptocurrencies and provides margin trading features.
Is Akropolis (AKRO) A Good Investment?
Pros:
- Decentralized Savings and Pensions: Akropolis enables users to manage their financial assets and retirement plans independently, eliminating reliance on traditional banking systems, thus providing enhanced control and transparency.
- Diverse Features: Beyond savings, Akropolis presents a variety of functionalities, such as:
- Crypto vaults for secure storage and interest earnings.
- Vortex, which allows users to earn passive income through curated investment strategies with potentially reduced risk.
- Customizable pension plans that empower users to manage contributions and withdrawals flexibly.
Cons:
- Relative Newness: Akropolis was launched in 2018, making it a newer entrant in the DeFi space with a shorter track record, which could entail higher risks compared to more established platforms.
- Smart Contract Vulnerabilities: Like all DeFi platforms, Akropolis relies on smart contracts that can be susceptible to bugs or exploits, posing inherent risks.
Final Thoughts
In summary, Akropolis offers tools for individuals to manage their finances within the DeFi ecosystem. While it is a relatively new platform with associated risks, its focus on user empowerment, diverse features, and community governance positions it well for potential growth and development in the ever-evolving DeFi landscape.
