What Is Akropolis (AKRO)?
Akropolis is a decentralized blockchain-based software that acts as a platform where developers can launch and host decentralized applications. All dApps hosted on the platform are fully operated by users and under their ownership through the use of decentralized autonomous organizations. dApps are finance-oriented, so some of the most popular Akropolis apps offer tools for savings, managing finances, and lending.
The idea behind the project is to remove the need for a central authority and help developers retrieve full control over Dapps they create. To enforce this model of operations and allow network users to seamlessly integrate DeFi platforms and dApp networks, Akropolis is already connected to platforms such as Ethereum, Aave, Compound, and Maker. dApp developers can integrate these protocols into any service they offer.
Akropolis has a major chance to become one of the most integral projects in the sector of decentralized finance thanks to the great number of DeFi-oriented features, tools, and apps, some of which were made by the Akropolis team, like the Sparta and Delphi apps.
How Does Akropolis Work?
The main goal of the Akropolis project is to create a decentralized ecosystem where developers can build protocols for a wide range of financial use cases, including asset management. Akropolis helps users manage their assets to grow cryptocurrency holdings with the use of dApps hosted on the network and managed by DAOs that represent developers.
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Akropolis facilitates a fully decentralized model of operations through the use of autonomous finance organizations, thus removing the need for central authorities and third parties in network governance. AFOs work based on artificial intelligence and automation to deliver customized experiences for financial products and services, such as finance dApps hosted on Akropolis. AFOs are managed by members, who act as a company within that model, only without a hierarchical structure.
The centerpiece of network operations is the AkropolisOS framework. AkropolisOS is a software development kit and is maintained and updated by the Akropolis dev team. Developers use this framework to build dApps with a suite of smart contract modules, while AkropolisOS is also used for protocol integrations. Smart contract modules allow devs to personalize their dApps and adapt them for various financial services.
Aside from allowing devs to launch and manage their dApps, the Akropolis team hosts two finance-oriented applications – Delphi and Sparta. Sparta allows users to take out loans with 50% collateral in exchange for an interest rate percentage and added liquidity, while Delphi performs automatic dollar-cost averaging for Bitcoin (BTC) and Ethereum (ETH).
Who Are the Founders of Akropolis? (History of Akropolis)
Akropolis was founded in 2017, while the initial coin offering for the AKRO cryptocurrency was organized in 2019. The team collected about $2.4 million through the ICO, while the funds were collected in ETH in exchange for AKRO. The founders of Akropolis are Ana Adrianova and Kate Kurbanova.
The idea behind the project is to act as a platform for dApps in the sector of DeFi, to allow users to host and manage financial decentralized applications, while network users can take advantage of accessible financial tools and features for asset management, loans, and more. Since its inception, Akropolis has partnered with a great number of similar projects that operate in the DeFi sector, including Polkadot, Bancor, Maker, and Chainlink.
What Makes Akropolis Unique?
Akropolis is primarily unique through the use of AFOs that allow the network to function without the need of a central authority. That is how AFOs form the architecture of Akropolis software.
Akropolis also enables users to integrate with other similar DeFi and smart contract platforms, like Ethereum or Polkadot, which is a unique feature among similar projects. The AkropolisOS framework enables integration with other DeFi platforms, so users can, for instance, access Polkahub, which is a Platform-as-a-Service for Substrate Nodes, or use the staking portal through the frontend to Polkadot chain. Apps like Pensify even offer to create and manage pension funds, while you can also access a great variety of finance apps. Users can additionally earn stablecoins with lending services based on interest fees.
What Gives Akropolis Value?
The value of Akropolis is determined through its technology, technical capacity, use cases, and adoption. The intrinsic value of the project greatly depends on these elements and often doesn’t match the market price of the cryptocurrency. AKRO value is affected by a great number of different factors, which include upgrades and updates, the activity of the dev team, roadmap developments, market trends and trend reversals, sentiment, partnerships, mainstream use, and other events and news.
The market value is in constant flux and is also affected by volatility, which is characteristic of the cryptocurrency market. The value of Akropolis may rise further as more devs choose the AkropolisOS framework for their DeFi dApps.
How Many Akropolis (AKRO) Coins Are in Circulation?
There are currently AKRO in circulation out of a total of . Akropolis, much like a great number of other cryptos, has a fixed total supply. The fixed total supply acts as an anti-inflation mechanism and means that AKRO could provide a good store of value in the long term.
The number of coins in circulation multiplied by the current price of AKRO equals the market cap of Akropolis. The market cap ranks Akropolis token among its crypto peers and also determines its market share.
Other Technical Data
Akropolis updates its roadmap progress every two weeks so users can keep up with updates, proposals, and upgrades regularly on the official website. All updates are performed on the Ethereum network.
AKRO is an ERC-20 token and is used in network governance and management, while AKRO also represents the main payment method on the Akropolis network. AKRO holders can propose and vote on changes to the protocol, while validators who work on validation of blocks are rewarded with newly minted AKRO and transaction fees for their participation in the network. Validators can also vote on changes on the network and participate in network consensus. There can only ever be 30 validator nodes on the network at the same time.
To become a validator, a holder needs to stake a minimum of 1 million AKRO tokens. Users can also join their holdings in a single pool to act as one validator, and the rewards will be split based on the amount staked per one holder in the pool.
How is the Akropolis Network Secured?
Akropolis is secured through the use of AKRO in network governance to ensure decentralization and democratized governance in terms of proposing and voting on changes. Validators work on the validation of newly generated blocks, while Akropolis employed CertiK, a leading blockchain security company that works on testing protocol security, to perform audits in 2019.
There have been a few attempts to hack the smart contracts on the Akropolis network. However, the malicious attacks were prevented without a negative outcome. To add another layer of security to the framework, all unlocked AKRO tokens were moved to industrial-grade custodial wallets with maximum security.
How to Use Akropolis
You can use Akropolis as a developer to host and launch finance-oriented dApps. Devs can make a profit based on the access funds paid by network users to use the decentralized app. As a network user, you can access numerous apps for managing crypto assets, creating pension funds, lending, and other DeFi tools, including stablecoin lending.
Users can also earn AKRO based on their participation in network governance as validators. AKRO holders can stake their balances to propose and vote on changes, while AKRO can also be traded in the cryptocurrency market.
How to Choose an Akropolis Wallet
AKRO can be stored in any wallet that supports ERC-20 tokens and the type you choose will likely depend on what you want to use it for and how much you need to store.
Hardware wallets or cold wallets like Ledger or Trezor provide the most secure option for storing cryptocurrencies with offline storage and backup. However, they can require more technical knowledge and are a more expensive option. As such, they may be better suited to storing larger amounts of AKRO for more experienced users.
Software wallets provide another option and are free and easy to use. They are available to download as smartphone or desktop apps and can be custodial or non-custodial. With custodial wallets, the private keys are managed and backed up on your behalf by the service provider. Non-custodial wallets make use of secure elements on your device to store the private keys. While convenient, they are seen as less secure than hardware wallets and may be better suited to smaller amounts of AKRO or more novice users.
Online wallets or web wallets are also free and easy to use and accessible from multiple devices using a web browser. They are, however, considered hot wallets and can be less secure than hardware or software alternatives. As you are likely trusting the platform to manage your AKRO, you should select a reputable service with a track record in security and custody. As such, they are most suited for holding smaller amounts of cryptocurrencies or for those making more frequent trades.
Kriptomat offers a secure storage solution, allowing you to both store and trade your AKRO tokens without hassle. Storing your AKRO with Kriptomat provides you with enterprise-grade security and user-friendly functionality.
Buying and selling AKRO, or trading it for any other cryptocurrency, is done in mere moments when you choose our secure platform as your storage solution.
Akropolis can be staked for proposing and voting on changes through network governance, while validators need to have a stake of at least 1 million AKRO to validate blocks.
In the future, according to the roadmap, Akropolis will employ a Delegated Proof of Stake consensus mechanism for AkroChain.
Akropolis is a prominent project in the DeFi sector thanks to the clever use of AFOs and the AkroplisOS framework where developers can host and launch finance-oriented decentralized applications. As the number of dApps on the network rises, the number of developers and users also increases as a consequence, which is a response to the rising popularity of decentralized finance.
With promising technology and DeFi use cases via numerous dApps on the network, Akropolis has become interesting to investors who believe in the potential of decentralized finance.
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How to buy Akropolis
Buying AKRO is as easy as visiting Kriptomat’s how to buy Akropolis page and choosing your preferred method of payment.
How to sell Akropolis
If you already own AKRO and hold it in a Kriptomat exchange wallet, you can easily sell it by navigating the interface and choosing your desired payment option.
Akropolis price is in constant flux and is subject to frequent changes due to the volatility in the cryptocurrency market. The price of AKRO can change dramatically within a short period to match the dynamics of the crypto market and respond to the effects of defining factors. You can check live AKRO prices on Kriptomat.
As well as traditional factors such as market sentiment, the flow of assets on exchanges, and the economy in general, the price of AKRO is also affected by the popularity of Akropolis and the suite of DeFi products built on top of it.
The current AKRO price is EUR.
The 24-hour trading volume of AKRO is EUR. AKRO is currently ranked of all cryptocurrencies by total market cap, with a market cap of EUR. It has a circulating supply of and a max supply of .
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