Overview of the block system of the pension system Akropolis ICO
Content
1 Development team Akropolis
2 What problems can Akropolis solve?
3 Decentralized solution to the pension problem
4 Tokens of Akropolis platform
5 Advantages of Akropolis
5.1 Innovative technologies
5.2 Technology blocking
5.3 High level of control
6 Disadvantages of Akropolis
7 Participants of the Acropolis platform
8 Road map Akropolis
9 Period and conditions Akropolis ICO
10 Conclusion
The Akropolis ICO project is an attempt to create an infrastructure of pension funds based on block-building technology. The platform is considered as an alternative to traditional pension funds, which become inefficient in the conditions of growing number of pensioners on a global scale.
The Akropolis development team
The project is implemented by Akropolis Decentralized Ltd. The Australian IT firm Sigma Prime is engaged in the development of the Akropolis blockade. The platform is based on the experienced specialists of the organization, as well as representatives of state bodies and structures related to pension systems.
Legal support for the project is provided by Isolas, registered in Gibraltar. This is one of the most experienced organizations that previously worked with many other ICOs. Auditing services are provided by Price Waterhouse Cooper.
About 20 specialists work on the project, including:
Anastasia O. Andrianova (founder, general director, graduated from Oxford University, an experienced investment specialist with a strong interest in decentralization and block technology, member of the Web3 Foundation Advisory Board, board member and investment committee in the OpenMaker Project).
Sandra Wu, Senior Advisor to the General Manager and General Counsel, has over 10 years of legal experience in mergers and acquisitions, corporate law and securities law, as well as the creation of private equity funds, consultant ICO projects and FinTech start-ups on corporate structuring, legislation and regulatory requirements).
Peter Robertson (a specialist in the retirement industry, graduated from King's College in London, holds a bachelor's degree in mathematics, is a member of the British Association of Actuaries, has over 30 years of experience in the pension industry, social organizations and companies in Europe, Asia and the USA, Vanguard Investments UK).
Eilon Morley (Business Development Specialist, Experienced Entrepreneur and Investor with experience at the level of a member of the Board of Directors, investment management and team building, takes an active part in start-ups in fintech and lockout globally, previously seven years as Director of Investments in Wentworth Hall).
Abhimanyu Dayal (head of the strategy department, specialist in the use of blockage in financial engineering and real estate investment, has extensive experience working with companies in the field of blockchain, previously he was the operational director of Bitcoin ATM Machine Coinoutlet).
The project is implemented by Akropolis Decentralized Ltd. The Australian IT firm Sigma Prime is engaged in the development of the Akropolis blockade. The platform is based on the experienced specialists of the organization, as well as representatives of state bodies and structures related to pension systems.
Legal support for the project is provided by Isolas, registered in Gibraltar. This is one of the most experienced organizations that previously worked with many other ICOs. Auditing services are provided by Price Waterhouse Cooper.
About 20 specialists work on the project, including:
Anastasia O. Andrianova (founder, general director, graduated from Oxford University, an experienced investment specialist with a strong interest in decentralization and block technology, member of the Web3 Foundation Advisory Board, board member and investment committee in the OpenMaker Project).
Sandra Wu, Senior Advisor to the General Manager and General Counsel, has over 10 years of legal experience in mergers and acquisitions, corporate law and securities law, as well as the creation of private equity funds, consultant ICO projects and FinTech start-ups on corporate structuring, legislation and regulatory requirements).
Peter Robertson (a specialist in the retirement industry, graduated from King's College in London, holds a bachelor's degree in mathematics, is a member of the British Association of Actuaries, has over 30 years of experience in the pension industry, social organizations and companies in Europe, Asia and the USA, Vanguard Investments UK).
Eilon Morley (Business Development Specialist, Experienced Entrepreneur and Investor with experience at the level of a member of the Board of Directors, investment management and team building, takes an active part in start-ups in fintech and lockout globally, previously seven years as Director of Investments in Wentworth Hall).
Abhimanyu Dayal (head of the strategy department, specialist in the use of blockage in financial engineering and real estate investment, has extensive experience working with companies in the field of blockchain, previously he was the operational director of Bitcoin ATM Machine Coinoutlet).
What problems can Akropolis solve?
The project received its name from the fortifications, which were built in every major city of the Roman Empire - the Acropolis. They treasured the treasure of the settlement in the event of an attack on the city, which were used after repulsing the attack to restore the destruction. The modern pension system dates back approximately from the same period of time, since any soldier who served 20 years, under the decree of the emperor received benefits after demobilization. With the expansion of the empire, its incomes and payments to veteran soldiers grew.
But this cycle could not last forever. The Roman Empire collapsed under the unbearable burden of its generosity. Its currency has greatly depreciated, and the population has declined by almost 90%.
Today we face similar threats. The largest of them becomes real day by day. The great financial crisis (GCF) of 2008 was just a small blow to the impending catastrophe in the pension sector. According to the World Economic Forum, 48% of pensioners in the world do not receive pensions, and the "hole" in pension funds on a global scale will grow from $ 70 trillion in 2015 to $ 400 trillion by 2050.
Traditional pension systems around the world face an unsolvable problem that no society has ever encountered in the history of mankind and has never counteracted its consequences. The economic decline is the only result of the development of the impending catastrophe. The reasons for the forthcoming crisis lie in the increase in life expectancy and in the increase in the proportion of people of retirement age.
Being true to its name, the Arkopolis project offers a way out of the current situation by creating a protective core infrastructure based on the technology of block, big data and machine learning technologies. According to the authors of the project, combining these advanced technologies will help find a solution to the pressing problem that can affect every person, regardless of whether he is a pensioner or not.
The project received its name from the fortifications, which were built in every major city of the Roman Empire - the Acropolis. They treasured the treasure of the settlement in the event of an attack on the city, which were used after repulsing the attack to restore the destruction. The modern pension system dates back approximately from the same period of time, since any soldier who served 20 years, under the decree of the emperor received benefits after demobilization. With the expansion of the empire, its incomes and payments to veteran soldiers grew.
But this cycle could not last forever. The Roman Empire collapsed under the unbearable burden of its generosity. Its currency has greatly depreciated, and the population has declined by almost 90%.
Today we face similar threats. The largest of them becomes real day by day. The great financial crisis (GCF) of 2008 was just a small blow to the impending catastrophe in the pension sector. According to the World Economic Forum, 48% of pensioners in the world do not receive pensions, and the "hole" in pension funds on a global scale will grow from $ 70 trillion in 2015 to $ 400 trillion by 2050.
Traditional pension systems around the world face an unsolvable problem that no society has ever encountered in the history of mankind and has never counteracted its consequences. The economic decline is the only result of the development of the impending catastrophe. The reasons for the forthcoming crisis lie in the increase in life expectancy and in the increase in the proportion of people of retirement age.
Being true to its name, the Arkopolis project offers a way out of the current situation by creating a protective core infrastructure based on the technology of block, big data and machine learning technologies. According to the authors of the project, combining these advanced technologies will help find a solution to the pressing problem that can affect every person, regardless of whether he is a pensioner or not.
Decentralized solution to the pension problem
Acropolis - the "brainchild" Anastasia Andrianova, who called the main concept of the project the creation of a pension platform with direct contributions and using the model of asset tokensisation. This provides for the consolidation of traditional financial assets on the blockroom as a digital token.
Such a proposal is a great precedent for block technology, which some banks, funds and other financial organizations are already implementing in their work. Akropolis will use this trend, developing a platform that allows pension funds, asset managers, and users to take advantage of the block chain's benefits of transparency, security and cost reduction.
Token AKT will be used to access the platform, pay premium fees and as an incentive for the participants. The phishing tools introduced to the platform will be converted to the AKT token.
Akropolis users, such as non-institutional investors, will be able to use the basic services of the platform for free. Complex services and various add-ons will be available separately for tokens, which can be purchased on the domestic market.
One of the important services is the voting system with the help of smart contracts. If the pension fund begins to misappropriate allocate capital or force it to significantly reduce it, an instant vote can be taken to determine a plan for future action.
All internal costs will be kept publicly available. They can be checked by any user, which will ensure the transparency of all financial transactions within the platform. Reducing costs will significantly save non-earmarked costs of pension funds. Even with a 1% reduction in costs, this will save hundreds of thousands of dollars in a small country.
With regard to pension funds, Akropolis will provide them with a simple and affordable system of accounting and capital management, including the KYC ("Know Your Customer") identification system. Moreover, the accounting system will become easier, since block technology can simplify audit, saving millions of dollars spent for these purposes. Mediators also "suck out" huge amounts of money through levied fees. Akropolis will help reduce their number through the use of artificial intelligence technology and machine learning.
All actions of pension funds will be completely transparent, which will cause their management to take a more responsible attitude towards the performance of their duties and simplify the conduct of inspections about the validity of their decisions.
Acropolis - the "brainchild" Anastasia Andrianova, who called the main concept of the project the creation of a pension platform with direct contributions and using the model of asset tokensisation. This provides for the consolidation of traditional financial assets on the blockroom as a digital token.
Such a proposal is a great precedent for block technology, which some banks, funds and other financial organizations are already implementing in their work. Akropolis will use this trend, developing a platform that allows pension funds, asset managers, and users to take advantage of the block chain's benefits of transparency, security and cost reduction.
Token AKT will be used to access the platform, pay premium fees and as an incentive for the participants. The phishing tools introduced to the platform will be converted to the AKT token.
Akropolis users, such as non-institutional investors, will be able to use the basic services of the platform for free. Complex services and various add-ons will be available separately for tokens, which can be purchased on the domestic market.
One of the important services is the voting system with the help of smart contracts. If the pension fund begins to misappropriate allocate capital or force it to significantly reduce it, an instant vote can be taken to determine a plan for future action.
All internal costs will be kept publicly available. They can be checked by any user, which will ensure the transparency of all financial transactions within the platform. Reducing costs will significantly save non-earmarked costs of pension funds. Even with a 1% reduction in costs, this will save hundreds of thousands of dollars in a small country.
With regard to pension funds, Akropolis will provide them with a simple and affordable system of accounting and capital management, including the KYC ("Know Your Customer") identification system. Moreover, the accounting system will become easier, since block technology can simplify audit, saving millions of dollars spent for these purposes. Mediators also "suck out" huge amounts of money through levied fees. Akropolis will help reduce their number through the use of artificial intelligence technology and machine learning.
All actions of pension funds will be completely transparent, which will cause their management to take a more responsible attitude towards the performance of their duties and simplify the conduct of inspections about the validity of their decisions.
Tokens platform Akropolis
The platform of the Acropolis provides for a binary system of tokens. AKT - external token. Its goal is to provide access to the system and functions for external users. Token AIT is an internal Akropolis token that will be a stable accounting tool used to track and fix the cash flows within the system. AIT will be completely independent of AKT. The project developers chose a system with two tokens to ensure stability and avoid risks associated with changing the rate of the main token.
The platform of the Acropolis provides for a binary system of tokens. AKT - external token. Its goal is to provide access to the system and functions for external users. Token AIT is an internal Akropolis token that will be a stable accounting tool used to track and fix the cash flows within the system. AIT will be completely independent of AKT. The project developers chose a system with two tokens to ensure stability and avoid risks associated with changing the rate of the main token.
Advantages of Akropolis
The authors of the project note that their vision of an exit from the current problem of the formation and distribution of pension funds is to solve the problem of deficit accumulation for the payment of pensions all over the world. Advantages of the proposed platform include:
Innovative technologies
The developers of the platform use the latest technologies to ensure a stable future and increase sustainability in the face of the major projected risks.
Technology of blocking
The Tokenization model and block technology are designed to provide transparency and cost-effectiveness with minimal side costs, such as administrative costs.
High level of control
The platform provides a reliable level of control in the interests of users with the subsequent elimination of dependence on third parties in the project development process.
Disadvantages of Akropolis
Like any other block-project, this platform has its weak points:
Like any other block-project, this platform has its weak points:
- The pension industry is a tightly regulated sector and requires a large number of approvals from government agencies and government agencies.
- The success of Akropolis depends not only on the effective implementation of the strengths of blockchain technology, but also on supporting the blockade by governments around the world.
- The solution of the problem faced by the modern pension system at the global level can be problematic due to the diversity of the characteristics of the pension structure and the legislative framework in different countries.
Participants in the Acropolis platform
The list of users of the pension block-platform includes:
Individuals. Anyone can join the system to form retirement savings. Such participants will have access to various plans and schemes for the accumulation of funds offered by institutional users on the platform. Participants will be able to decide for themselves which personal information to disclose. The more information about yourself the participant will provide, the more extensive will be available to him tools and plans of savings schemes. He will also be able to receive a reward for disclosing his personal data and performing certain tasks.
Institutions. This category includes pension funds and their managers. They attract new users and can offer their services and savings schemes on the platform. Institutional users will have access to a library of smart contracts covering the most common functions. All costs will be announced in advance, there will be no hidden and additional costs.
Developers. For them, there will be access to participation in the development of the platform, including help in identifying errors in the code and getting rewards for it. Third-party service providers in the platform development process will be able to provide their services in the system, including auditing and accounting companies, KYC system operators and other organizations. This will allow them to get new customers and reduce costs and dependence on obsolete centralized infrastructure.
Roadmap Akropolis
2018 :
II-III quarter:
- generation of tokens;
- distribution of tokens;
- institutional partnerships;
- completion of the technical part of the architecture;
- test launch of the network with the participation of customers.
III-IV quarter:
- launch of the beta version (B2C) of the platform for a limited group of users;
- completion of the prototype of the B2B product.
IV quarter:
- Start a fully functional core network with integrated external products;
- testing of the experimental B2B service involving institutional users;
- attracting several pension funds to the project;
- limited user access to B2C product;
- end applications for Android and iOS devices.
2019 :
full audit of the library of smart contracts by two independent auditors;
release of the first version of the platform;
Publication of the API in the public domain for third-party developers;
release of hardware wallets.
Period and conditions of the Akropolis ICO
The private stage of the sale took place from March 1 to April 1, 2018. The exact date of the next stage is still unknown.
Terms and Conditions of Crowdsdale:
The private stage of the sale took place from March 1 to April 1, 2018. The exact date of the next stage is still unknown.
Terms and Conditions of Crowdsdale:
- the total number of tokens is 900 million AKT;
- number of tokens for sale - 360 million AKT;
- standard - ERC-20;
- hard cap - $ 25 million;
- course - 1 AKT = $ 0.069.
Token distribution:
- sale - 40%;
- advisors, early investors - 10%;
- marketing, ecosystem development - 10%;
- development team - 20%;
- reserve fund, partners - 20%.
Distribution of funds:
- development of technologies - 50%;
- development of partnerships - 15%;
- marketing - 10%;
- legal expenses - 12.5%;
- operating expenses - 10%;
- unforeseen expenses - 2.5%.
Conclusion
If successful, the Akropolis project can help the pension industry cut billions of dollars spent on third-party costs and fees, including administrative ones.
The authors of the project promise that their platform will provide a high level of transparency for a greatly inflated system, which it is sorely lacking. Accreditation of assets is a key part of the future, and settlement procedures based on cryptographic technologies will make it possible to realize these innovations.
By itself, Akropolis takes the leading place in its direction, as it is the first of its kind product, which aims to revolutionize the traditional obsolete pension system, which is already literally bursting at the seams. Decentralization and similar projects can become the basis for the emergence of a new mechanism of pension savings in the next decade.
For more info on this project, please visit the link below:
Ann Thread : https://bitcointalk.org/index.php?topic=4421484
Website : https://ico.blockonomics.co/
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