Akropolis

What is Akropolis (AKRO)?

Akropolis serves as a software program that programmers can use to produce decentralized applications (dApps) that provide consumers with various financial services centered around cryptocurrencies, i.e., serving as a foundation for the applications based on the AkropolisOS platform. Furthermore, these dApps can include a variety of lending, investing, and saving services or protocols, and can be maintained and made by decentralized autonomous communities.

History and Founders of Akropolis

Akropolis was launched in 2017 by founders Kate Kurbanova and Ana Adrianova.

Two years later, in 2019, the team behind the platform issued an initial coin offering, raising approximately $2.4 million worth of ETH in return for its native token. Since then, it has partnered with numerous other protocols and projects, including the likes of Bancor, Chainlink, Polkadot, and Maker.

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Features of Akropolis

Some of the primary features underlying the project include its accessibility, in that anyone can engage in the financial services it provides without the need to open bank accounts. Secondly, you can earn decent returns thanks to its interest rates, all while maintaining autonomy, as AKRO holders have a say in how things are run. Finally, the protocol is transparent in its conduct, with its design carrying the immutable financial record-keeping properties of blockchain, nearly rendering it fraud-proof.

Understanding DeFi

The primary objective behind decentralized finance (DeFi) has always been to remove intermediaries from the mix, enabling all types of users to conduct their financial transactions via emerging technologies, whether these users be merchants, businesses, or traders. Through P2P financial networks, decentralized finance utilizes various security protocols, software, connectivity, and advancements in hardware to provide seamless experiences across the board.

Click here to learn more about P2P Trading and P2P Exchanges

How Akropolis Fits into the DeFi Ecosystem

Since Akropolis is a DeFi-oriented platform, one may wonder where it fits into the whole space. Well, as stated earlier, it provides the ecosystem along with the necessary tools for creating decentralized applications that cater to financial services. It provides these tools through its AkropolisOS framework, which developers can access, with the ideas of stability, independence, and financial security ingrained in its infrastructure.

Comparing Traditional Finance with DeFi

In comparison, traditional finance tends to be more centralized and filled with all sorts of intermediaries. Not only does this increase the expenses but can also make the procedures a bit too bureaucratic in certain instances. DeFi, on the other hand, has the same goals but goes down a different route, one where control over funds can be handed back to the owners with substantially fewer intermediaries and lower expenses. Instead of going to a bank, users can share funds in an instant, within the comfort of their homes, without having to deal with excess procedures, which can become hectic.

How Does Akropolis Work?

Here, we will be looking at the primary components underlying its functionality, i.e., what gets the platform working.

Smart Contracts

At the very center of its network operations lies the AkropolisOS framework. It is an SDK (software development kit) upgraded and maintained by its development team. Developers can then utilize such a framework to create their dApps, which contain a suite filled with smart contract modules. These modules enable developers to personalize and adapt their decentralized applications for a range of financial services. Other than that, the OS can also be utilized for integrating protocols.

Governance Mechanism

Akropolis relies on what it refers to as AFOs (autonomous finance organizations), which remove any need for centralized authorities or third parties within network governance.

These AFOs’ functionality is reliant on automation and AI to deliver various customizable experiences for financial services or products. Furthermore, the management of these AFOs belongs to the members, who can act as a firm within such a model, but they do so with the exclusion of any hierarchical structures.

Security Measures

Akropolis is secured primarily through its native token, AKRO, which is used for block validation and network governance.

Additionally, it even partnered with CertiK in 2019, one of the top security firms within the blockchain space that tests the security of protocols, to carry out audits.

Although there have been some attempts to hack its smart contracts, they were stopped without any distinctly negative outcomes. Moreover, every unlocked AKRO token was then moved to sophisticated custodial wallets with top-notch security, effectively adding to the network’s security.

Akropolis Ecosystem

Aside from what we have already mentioned about its ecosystem, it also comes with two finance-oriented applications, Sparta and Delphi, that the Akropolis team itself hosts. With Sparta, users, with just 50% collateral, can take out loans in return for added liquidity and interest rate percentages. As for Delphi, it carries out dollar-cost averaging automatically for Ethereum (ETH) and Bitcoin (BTC). 

Comparison

How does Akropolis compare to some of its alternatives, like Aave and MakerDAO? Let’s delve into that.

Aave vs Akropolis

One primary distinction between the two is that Aave opts for a more lender-friendly approach due to its specialization in overcollateralized loans. Akropolis does the opposite with its undercollateralized loans.

MakerDAO vs Akropolis

MakerDAO, like Aave, is a giant within the DeFi space. Unlike Akropolis, it opts for an overly collateralized approach to lending, meaning that those borrowing have to lock up ETH that is greater in value than the DAI that will be released as their loans. So, whether or not one is better than the other may be more up to preference than anything else, since apart from that, their services are quite similar. For instance, borrowers may prefer Akropolis over the aforementioned two, whereas lenders might choose otherwise.

AKRO Token

Within this section, we will direct our focus towards the native token and its tokenomics.

Roles

The role of this token can be diverse. As stated earlier, it is used within block validation, governance, lending, borrowing, and providing liquidity, amongst others.

Tokenomics

Speaking of tokenomics, its price is currently worth around $0.014, and it has a market capitalization of about $1.4 million. Its supply is capped at exactly 5 billion tokens, with 100 million currently circulating. On the other hand, its daily trading volume is a little over $5.7 million, and its fully diluted valuation sits at around $70 million.

Investing in Akropolis

Since Akropolis isn’t like your standard trading platform these days, you won’t have to create your own account. All you need to do to invest is simply launch its application and connect your wallet. Following that, you can engage in the various services provided, like staking, governance, etc.

How to Buy AKRO on Binance

If what we have discussed so far has you interested in buying its native token, then we will show you how you can do so on Binance, the world’s largest cryptocurrency exchange.

Sign Up for an Account

To create an account, use the special Coin Labs referral code via the link below. Enter the information that is asked of you, like your email address, password, etc., to get done with registration.

Verify Your Identity

If you want to engage in hassle-free trading, such as not being subject to any withdrawal or service limits, then you will need to complete the KYC procedure on Binance. Head over to the verification page on Binance, and enter your information, such as full name, date of birth, etc. Afterward, you will have to upload documentation that can verify your information, and then you’re done, although it may take some time to be processed.

To learn more about how to sign up for Binance click here

Deposit Funds into Your Account

Next comes depositing funds. To do that, go to Binance’s deposit page, choose the token you wish to deposit, and choose the network you want it to be processed on. After that, just paste the deposit address that will be generated into the wallet or exchange you want to send the funds from and then confirm your withdrawal, which may take a while to complete.

To learn more about how to deposit on Binance click here

Navigate and Place a Buy Order

Now that you have deposited funds, you can place a buy order for the AKRO token. There are a couple of ways to do that. If you are a beginner, the easiest way is to either convert what you deposited earlier into AKRO or simply head over to its spot trading page to execute a market order, which will be instantaneous, once you’ve specified the amount you want to buy.

Storing Securely

After finally acquiring AKRO tokens, you might want to store them in secure wallets. Hot wallets, unfortunately, aren’t very secure, and there are always risks of them being hacked or breached. Cold wallets, or hardware wallets, however, are different, as they tend to store funds offline, making them considerably safer as a result.

Future Prospects

If you were wondering about the future of this protocol, like whether or not its token may see bullish momentum, then you need not look any further.

Upcoming Developments

Predicting the token’s future developments with regard to its price can be a difficult endeavor. Relying on sites to predict can, at best, give a rather rough estimate, but most of the time things can turn out to be very wrong, so always exercise caution. Still, many sites do point out that the token may see an increase of $0.20 to $0.30 in its price by 2030, still below the $1 mark but substantially higher than its current worth.

Roadmap

Looking up its roadmap on its official website can yield some interesting results. Some features have been requested, but it has done a lot of what it set out to do initially, with quite a few features either in progress or on its to-do list. For instance, at some point in the future, it plans to launch its own insurance fund while improving its product structure.

Conclusion

Akropolis still has a while before it reaches its full potential, and it can be nigh impossible to predict where it will be within 5 or 10 years. However, as its community grows and new decentralized applications are released, it could gain some of that momentum, which is crucial if it is to flourish.

We Coin-Labs.com provides only objective information about Akropolis.
Therefore, we are not responsible for the investment decision in Akropolis and the resulting loss.

Akropolis Basics

Here are some factors that investors should consider before investing in Akropolis.

Cryptocurrency Features	Akropolis (AKRO)
Publisher or Developers	Kate Kurbanova, Ana Adrianova
Headquarters (Registration Number)	Gibraltar
Symbol	AKRO
Platform	Ethereum
Published Date (CMC Registration)	2024-12-01
Max Supply	No limit

Reliability Score of Akropolis in 2024

These are indexes mesuring the investment reliability of Akropolis conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 5 Exchanges
Number of Available Pairs Worldwide	109 Pairs
Market Cap of the Cryptocurrency	21,943,552 USD (Rank #728)

The table above shows the result of investment suitability evaluation for Akropolis.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Akropolis Price

Here are the price and recent trading volume of Akropolis. (Data of 2024-12-02 03:40:00)

Price Items	Price and Trading Volume of Akropolis
Akropolis Price	0.005 USD
Price Change 24h	0.74%
Price Change 7d	11.50%
Trading Volume 24h	4,708,565 USD
Trading Volume Change 24h	-11.61%

Cryptocurrency Metadata

You can check the development status and social media information of Akropolis through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Akropolis

Here are the top ten world crypto exchanges where traders can buy Akropolis in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/AKRO_USDT
Coinbase	Not listed
Kraken	Not listed
KuCoin	Listed	https://www.kucoin.com/trade/AKRO-USDT
Bitfinex	Not listed
OKX	Not listed
Huobi	Listed	https://www.htx.com/en-us/trade/akro_usdt?type=spot
Bitstamp	Not listed
Bybit	Listed	https://www.bybit.com/trade/usdt/AKROUSDT
Gate.io	Listed	https://www.gate.io/trade/AKRO_USDT

Frequently Asked Questions