What Is Akropolis (AKRO)?
AKRO is the native token of Akropolis, which is a DeFi protocol that provides users with yield-earning tools, as well as decentralized application (dApp) development possibilities. The project's main goal is to become an ultimate platform for dApps in the DeFi industry, enabling users to host and maintain financial applications that help users grow their crypto holdings.
If you want to see the live AKRO price, take a look at the Akropolis price chart above.
The fundamental component of the network is AkropolisOS – a Solidity-based SDK that provides developers with numerous DeFi tools for the creation of dApps and protocols. Every dApp built on AkropolisOS acts as an Autonomous Finance Organization (AFO). An AFO is a member-owned financial organization constructed on a distributed network. It operates similarly to a company, just without a formal hierarchy of administration.
Sparta and Delphi are two financial applications launched by the Akropolis development team. Sparta is a lending platform, which allows users to obtain loans with 50% collateral in return for APR and increased liquidity. Delphi, on the other hand, is a yield farming aggregator and an automatic BTC and ETH dollar-cost averaging mechanism.
Additionally, note that Akropolis provides users with access to various other DeFi platforms and protocols that are developed on other smart contract networks (such as Ethereum or Polkadot). This includes Polkahub (a Platform-as-a-Service for Substrate Nodes), Cashflow Relay (a platform for trading Commitments to Future Cashflows), Pensify (a platform for the creation and management of pension funds), and various other dApps. Talking about protocols, Compound, Aave, and Maker are a few of the existing Ethereum-based protocols that have been included in Akropolis. Any of these services can be integrated into Akropolis’ dApps.
Who Founded Akropolis?
The Akropolis crypto project was founded in 2017 by Ana Adrianova and Kate Kurbanova. Though Akropolis was first created as a distributed savings and pensions fund, and it wasn't until 2020 that it switched its attention to creating a framework for dApp development.
Ana Adrianova is the CEO of Akropolis. In the past, she was an emerging market analyst at Dresdner Kleinwort Wasserstein and Emergent Asset Management. Also, she was a fund manager at Lehman Brothers and a founding stakeholder at Byhiras. Additionally, Adrianova co-founded Apiro Capital, advised the Web3 Foundation, and was a board member at OpenMaker.eu.
Kate Kurbanova was initially an advisor of Akropolis who joined the project in 2018. However, she then got titled as a co-founder due to the effort that she put into the project. Prior to getting involved with Arkopolis, Kurbanova was a stock and currency trader at a proprietary trading firm, as well as the head of analytics and Cindicator. As of writing this, she is also a DeFi product advisor at Bitfwd, a DeFi learning track contributor at Blochaton DAO, and the COO of Apostro.
How Is Akropolis Secured?
The Akropolis network is secured by validator nodes who validate and create new blocks. In order to become a validator, users have to stake AKRO tokens. A minimum of one million AKRO tokens must be staked by a user to qualify as a validator. If a user doesn’t have such an amount of AKRO tokens, they can pool AKRO with others, which then results in a proportionate share of the payout.
Validators are rewarded with newly minted AKRO tokens and a portion of transaction fees for their work. However, there can never be more than 30 validator nodes operating simultaneously on the network.
Use Cases of AKRO Tokens
The Akropolis token is based on the ERC-20 token standard. The following are the main use cases of AKRO:
- Governance. AKRO token holders have the right to decide how the Akropolis crypto project will be developed further.
- Payment method. AKRO coins are used to cover any payments that occur within the platform.
- Staking. AKRO tokens are staked by users in order to become network validators.
- Reward. AKRO tokens are rewarded to Akropolis validators and liquidity providers.
Don't forget to check the live AKRO price that is featured on the aforementioned Akropolis price chart.
Tokenomics of AKRO
The total supply of Akropolis coins is 5 billion, though, initially, it was 4 billion. In 2018, Akropolis held two initial private AKRO token sales during which 22.5% of the AKRO supply was sold. Besides that, 8% of the supply was dedicated to the Huobi Prime Offering held in 2019, which resulted in $2.4 million generated in ETH. In terms of further token distribution, 46% was allocated to the Akropolis Foundation, 14% was allocated to the community and marketing purposes, and 9.5% was split between the team and advisors.
If you plan to buy AKRO tokens, make sure to analyze the Akropolis price chart before making any purchases. It’s important to do that because the AKRO price is volatile, just like the prices of most crypto assets. Thus, it's beneficial to determine the main trends in the AKRO value changes.
