Akropolis AKRO Price $ 0.0063

Akropolis is a platform built on the Ethereum blockchain seeking to provide an autonomous financial ecosystem. To do so, the team has designed AkropolisOS, a smart contract framework, to enable developers to build DeFi services that are owned and governed by users, as opposed to a central authority. The platform emphasizes asset yield generation and includes DeFi services for savings, lending and investment, which users can access and help manage to grow their crypto asset holdings. Akropolis aims to be a wide-scoping ecosystem and to ensure this, it integrates with other projects and protocols built on Ethereum, including Compound, Aave, Maker. Akropolis is designed to be accessible to both new crypto users and crypto-natives, by offering different yield-farming and yield-generating pools in a single user-friendly interface.

The Akropolis project was co-founded in 2017 by Ana Adrianova and Kate Kurbanova. Akropolis carried out two initial private token presales in 2018, one in January and one in June. In 2019, Akropolis held an initial public offering for its native currency AKRO, it raised USD 2.4 million in Ethereum in exchange for AKRO. AKRO is an ERC-20 token and acts as a governance token. The Akropolis mainnet launched on Ethereum in June 2020. In February 2021 the project integrated with Yearn Finance, where Akropolis aims to provide simplified access to Yearn vaults. 

What are Akropolis’s key features and how does it work?

To enable developers to create new DeFi protocols and tools and dApps that users can help manage, the Akropolis team has created AkropolisOS, a Solidity framework for developing smart contract-driven, for-profit decentralized dApps. All dApps and protocols built on AkropolisOS act as an Autonomous Finance Organization (AFO) meaning they can operate without a central authority and hierarchical management. Instead, the users act as managers.

Products developed by Akropolis operating within the AkropolisOS framework include Sparta and Delphi. Sparta is a lending protocol: it allows users to take out loans, whilst providing only 50% of the collateral. Delphi is a yield farming aggregator, allowing users to gain yield on savings and earn from integrated protocols. It is also a tool for dollar-cost averaging. Both Sparta and Delphi have their own cryptocurrencies, ASPT and ADEL, respectively.

Akropolis’s native token, AKRO is a token used to govern the Akropolis platform. Holders of the crypto token can raise issues and vote on proposals to change the platform’s rules and regulations. AKRO can be earnt by anyone providing liquidity to protocols and dApps built on Akropolis, for staking to provide loans and voting. AKRO has a maximum supply limit of 4 billion AKRO tokens.

Akropolis’s Validator nodes, those responsible for verifying transactions on the platform, are rewarded with transaction fees and newly minted AKRO in exchange for validating the data in the blocks and voting on changes to the network. To be a validator a user must stake 1 million AKRO, however, users can pool tokens together and split validator rewards between them if individually they do not have enough AKRO. Currently, there will only be 30 validators on the network and any one time.

Where can you buy AKRO?

AKRO is available to buy from many CEXs and DEXs as listed here. For more price data, please view the charts above. Unlike some of the main cryptocurrencies, AKRO cannot be directly bought with fiat money. However, it can easily be bought by firstly buying other cryptocurrencies (usually the main ones e.g. BTC, USDT, ETH). The price of AKRO will vary depending on the exchange and interest.