I couldn't wait to tell you aboutAcropolis which is starting to gain interest among users. These are two women, co-founders who are at the origin of Akropolis: Ana Adrianova et Kate Kurbanova. They have a solid background in traditional finance and more particularly in investment funds.
The mission ofAcropolis is to give everyone the chance and opportunity to benefit from financial services thanks to DeFi, without any longer depending on geography, a banking institution or restrictive legal regulations.
While the project was designed in 2017 with the idea of establishing a sort of investment fund in DeFi, the idea was transformed somewhat to result in the current version of Akropolis. It was then in 2019 that the management team decided to launch the first fundraiser. The company managed to raise $2,4 million in ETH and were able to distribute their AKRO token.
If Akropolis is gaining popularity, it is in particular because of good partnerships established, such as for example with Maker, Polkadot, chainlink and Bancor. Yes, indeed, these are the best known and most attractive protocols currently.
So let's see what it is in detail.
What is Akropolis? (AKRO)
Akropolis is software built on Ethereum that allows developers to create decentralized applications (Dapps) primarily financial.
So, with this in mind, the development platform is intended to be accessible and affordable for developers, the aim being to make it easy to create applications. All applications will then work under a sort of common infrastructure called akropolisOS. Basically, this constitutes a real software development kit (SDK) that is there to help developers create applications.
The SDK is accessible with a whole suite of smart contract modules, which greatly facilitates the work of developers who can customize their application as they see fit. Likewise, they can take advantage of Akropolis' ever-expanding partnerships to integrate protocols such as Compound and Maker, for example. There, the expression Lego Money takes on its full meaning.
What is interesting and innovative about this app is that there is not a single central entity that will provide access to these services. In fact, every protocol or dapp based on AkropolisOS acts as a autonomous financial organization (AFO) designed to operate without the need for a third party. This is perhaps the great innovation of Akropolis.
AFOs are financial organizations that are owned and managed by all members, and are built on a distributed network. Their objective is to operate as a profitable business, which generates money, but without there being a hierarchical pyramid. Everyone in the same position as their neighbor in some way.
With this in mind, AkropolisIO is a lightweight and modular framework that allows you to create DAOs for profit. Thus, users have personalized incentives and can generate tokens by providing liquidity for example.
There are already many dApps that have been activated and among these, we find applications for borrowing/lending cryptos and applications for investing in particular.
This means that to vote on protocol changes, users must own and stake Akropolis' native cryptocurrency, AKRO, which anyone can earn by providing liquidity to protocols and dapps built on AkropolisOS.
As it aims to provide a platform, Akropolis has also integrated existing DeFi protocols based on Ethereum, such as Compound, Aave and Maker. Akropolis dapps may integrate any of these services into its liquidity pools, lending and borrowing services or other offerings.
Also, everyone can both create their own application and integrate it into Akropolis and can also develop their portfolio and generate significant returns. We show you in the last paragraph how to take advantage of Akropolis, don't worry.
What services are available in Akropolis?
There are several applications available and we can cite for example Sparta which allows you to take out loans under guarantee at only 50%. Thus, you only need to deposit 50% of the amount as collateral to receive the loan. Sparta is very attractive because it also allows you to generate passive income via an integrated yield rebalancing system. This is made possible because Sparta is integrated with several other DeFi protocols in order to select the best possible returns.
Another interesting application is Delphi (yes the names remain consistent with the Greek universe of the platform). It is a pool that allows you to run an automatic dollar cost averaging in BTCÐ. This has the advantage of diversifying the investment portfolio over the long term. We can then collect several other tokens via liquidity mining and earn COMP, BAL etc. tokens passively.
How to stake and grow your tokens on Akropolis?
If you are familiar with DeFi protocols, you will be surprised at the quality of the interface and user experience. Really, this is a protocol that I personally find very intuitive.
So, I can imagine that a novice in the field will also be able to navigate the platform relatively easily.
We, here, have decided to stake the AKRO token. With an APY of 32% and a token that will certainly meet with the success it deserves, we have opted for the purchase and net investment of the AKRO token, as you will have understood.
There is also a calculator on the application to calculate and estimate your returns depending on the crypto you choose to invest. Very clearly, it's AKRO staking that pays off the most so that's good, that's what we chose.
To do this, you can buy AKRO directly on a platform like Binance and therefore you don't have to "put up with" the exorbitant gas fees on Uniswap for example. We take this as a godsend because we spend a crazy amount of money on gas to buy tokens that interest us. And, it always hurts to spend ETH when it will most certainly reach new heights... I'm just saying, because it seems obvious to us...
In short, let's get back to our sheep and our AKROs.
To buy AKRO, you simply need to buy USDT or BTC directly on Binance, then go to “Trader” with the “fundamental” option because that will be more than enough.
To buy AKRO, you simply need to buy USDT or BTC directly on Binance, then go to “Trader” with the “fundamental” option because that will be more than enough.
Then, at the top right, since AKRO starts with the letter A, you will normally see it right at the beginning and you will not need to search for it. Otherwise, next to the pair you have, you type "AKRO" and you will have your pair displayed.
Then, you go to the tab in the middle, at the bottom, to place your order. You can click on "market order" to buy AKRO at the market price and instantly. You choose the amount you want and click on the green button "Buy AKRO".
So! Congratulations! You own AKRO.
That said, right now, you have some on Binance, right, and the goal here is to stack it to earn additional AKRO, right?
2nd step: Send your AKRO to your Ethereum wallet
If you are on MetaMask, you will need to add the AKRO token.
Here is the address to copy into "Add Token": 0x8ab7404063ec4dbcfd4598215992dc3f8ec853d7
You can also find this address on coinmarketcap.
Once that's done, go back to Binance, and in your SPOT wallet, click on "withdraw" to the right of your AKRO.
Note: On Binance, you need to count 534 AKRO (or approximately $23) in transaction fees; You will therefore need to carefully consider your purchase of AKRO from the start.
In this case, now go to the application Akropolis.
You connect your Metamask wallet or the wallet of your choice.
Now, in the tab on your left, you have to click on “Staking”.
Final word on Akropolis: Is it a good investment?
Of course, do your own research as always. DeFi protocols are still in their infancy and we don't have much perspective yet. Akropolis is still new in the DeFi universe and marketing may still be lacking a little….
However, it turns out that Akropolis has everything to succeed. Moreover, the protocol was verified by the CertiK agency and declared that the protocol was “structurally secure and not vulnerable to security issues or any known attack scenarios”.
We are dealing with a verified and validated protocol in terms of security. The management team also proves to be extremely reliable. Co-founder Ms. Andrianova previously founded and managed Apiro Capital, an investment management company and worked at Lehman Brother and followed the bank's collapse.
According to her, this is how she would have thought of working on alternatives to banking systems.
We agree with her.
Finally, it’s up to you to decide once again 😉
- Discover Acropolis
Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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