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What is Akropolis?

The name Akropolis was coined from the Greek word “Acropolis” which means upper city. This was known as the first human urban fortification that is located in current modern-day Syria and closely followed by Greece and Rome. A defensive core of a city, within a city. Trying to be true to its […] “The decline of Rome was the natural and inevitable effect of immoderate greatness. In dire times, the city’s wealth would be stored for protection within its walls. The Acropolis ensured that once the tide of war had receded, the city would have the funds to rebuild again and restore its glory. While its thick walls kept cities safe, Vast military campaigns led to exploding military costs for Rome and a reliance on mercenaries. As the empire grew on the feasts of conquest and plunder, so too did the costs of supporting veteran soldiers in their old age. In just over two centuries, benefits for soldiers grew more than three times. This cycle could not continue forever and eventually the Roman empire collapsed under its own largesse. We face similar threats today. The biggest financial threat ever to appear in human history has already begun to manifest itself closer towards reality. The Great Financial Crisis (GCF) of 2008 was just a small bump in the buildup to the coming pension calamity. Numerous studies confirm that we are in the early phases of the greatest crisis globally since the 1930’s Great Depression. Unless major changes are made, it will be inevitable and will sever the fabric of our world economically and culturally. Everything about our way of life could change dramatically: when and where you retire, where your money is stored, how well you can take care of your family. Billions of people around the world are at risk of poverty and other negative factors that stem from war, rioting and social unrest. Modern society is under threat. This is not a claim made lightly. In fact, this reality has been confirmed by decades of research by some of the brightest minds in the world. No society in human history has ever countered its effects and stood the test of time, economic collapse is the only outcome. As with the Romans before, the entire world is facing a growing pension crisis. Trillions of dollars are being misallocated to prop up a system which is mortgaging the future to meet today’s obligations. The causes of this crisis are increased lifespans and longevity, which are creating massive unfunded liabilities for pension funds worldwide. Pensions will fail, or be bailed out by the government. The root cause of the pension crisis is actually a byproduct of modern technology pushing the limits of human life with advances in genetics, medicine, and increased standards of living. Children born in 2007 are already expected to live on average to 103 in most developed nations. This represents an almost doubling of longevity since modern welfare programs were instituted in the the first half of the 20th century. Unfortunately, our pension systems have not adjusted quick enough to meet these ever growing requirements. As more people retire, pension funds will have to support a growing ratio of retirees to contributors. Andrew Biggs wrote for the WSJ that “The ratio of active public employees to retirees has fallen drastically, according to the State Budget Crisis Task Force. Today it is 1.75 to 1; in 1950, it was 7 to 1. This savings gap will most likely have to be filled by government social programs and pensions. Society is simply not built for the young to support so many of the older generation. Great advances will occur in technology by 2050 leading to increased industrial output and commercial growth. Even now governments are feeling the strain of their aging citizens. Pension programs designed to provide for seniors in the elder years are all slowly going bankrupt globally. The bulk of this threat lies within what are known as unfunded liabilities. These are commitments pensions have made to their contributors for future payment and care. The bulk of the unfunded liabilities comes from city and state pension systems. There are two major types of pension funds, defined benefit (DB) and direct contribution (DC). In DB schemes, the managing institution bears the financial risk, taking a commitment to pay out the promised benefit levels regardless of the total value of entire assets managed. DC funds depend on the level of aggregated assets, and it shifts the risk from the fund to the individual contributors. Generally, DC funds are governed in some respect by their contributors who get to choose where to orient their funds for investment. These types of funds are similar to individual savings schemes, however, usually participants cannot remove their funds until retirement. This has been a more palatable route versus capping or reducing benefits for retirees. Pensions funds were extremely disaffected by the 2008 GFC, with the OECD estimating declines of over $5.4 trillion, or 20% in the resulting crash. As 60% of all OECD pensions are DB schemes, the resulting decade has only witnessed moderate growth for DB funds and their funding levels remain low. In the United States, city and states have been the most underfunded. Many pension funds base their assumed rate of return on extremely lofty projections, Chicago, for example, has twice reduced their assumptions, originally down from 8%, then 7.5% and now 7%. Globally by 2050, the savings gap across all sectors, public, private and personal, will grow to an astounding $400 trillion according to the WEF. Currently, the savings gap is around $70 billion, with this amounting to around 1.5 times the GDP of all major developed and developing countries. However, deficit growth will be largest in China and India, which are expected to be at 7% and 10% respectively. Continued underfunding also forces DB funds to divert a larger portion of their assets to meet participant payment demands, depriving future pensioners from their accumulated savings. This process of asset transfer to current pensioners at the expense of future ones is known as intergenerational wealth transfer. It is one of the greatest threats to society globally and represents wholesale theft from today’s workers. It is such a powerful issue because as liabilities increase, the possibility for social unrest also rises. Private and public DB pensions facing collapse will have to turn to city, state, and federal governments for taxpayer funded bailouts. In order to close the funding gaps, massive tax increases will be instituted to provide emergency funding. At a ROI of 6.5%, these cities would pay 24% of their revenue to pensions. At 5.5%, 32%.” These figures are staggering. How many funds can guarantee a net positive return of 6.5% or even 5.5 for the next 10-20 years? It’s impossible. Currently, global markets have enjoyed continued growth for almost a decade since the GFC. At some point the business cycle will turn over and a major recession will impact a majority of OECD states. The trustees who manage pensions are not personally liable for any losses incurred or funds appropriated from future use. They are gambling with contributor funds and playing a losing game. Even the cautious ones cannot foresee the extent of wealth destruction the next recession or market crash will cause. Eventually, the liabilities will catch up and force drastic changes to fill the gaping savings gap. Those working aged persons who remain would be pitted against retirees, with demands by the former for easement and the latter for continued benefit payment. There will be no winner in this intergenerational conflict. Millions of retirees will lose their source of income or working aged adults will have to give up a greater amount of their current income to support overburdened systems. If this issue is to be solved, it will require a multi-faceted approach on the part of pension funds, their contributors, politicians and their constituents to enact bold changes. Outside of the political realm, Akropolis stands to provide a major solution for the funds themselves. Akropolis is the brain child of Anastasia Andrianova, or Ana as she likes to be called. A year ago at the Ethereum Developers Conference in Cancun, Mexico, which I was lucky enough to attend, the genesis of Akropolis occurred. Ana had just started bringing on the first team and advisory members. Amongst the sweaty T-shirt clad group of developers, she was carving a path towards creating Akropolis. These digital tokens cannot be duplicated, destroyed or stolen, making it easy for financial institutions to transfer value. It is a great use case for the blockchain and technology which is already being implemented by banks, funds and other financial entities. Akropolis will leverage this trend by developing a platform to allow pension funds, asset managers, and users to benefit from the transparency, safety and cost reducing qualities of the blockchain. Akropolis’ platform is novel as they propose a dual currency solution, the external token AKT and internal stable coin AIT. The former’s supply will be fixed and subject to market forces, while the latter’s value depends on the user’s currency. AKT will be used for access to the platform, payment of premium fees, purchasing platform data and as a stake for incentives. AIT on the other hand will represent a chosen currency, and after a user deposits funds onto the platform, they will be represented by the stable coin. Additionally, they will be distributed as staking rewards. The users of Akropolis, non-institutional investors, will be able to use the platform’s basic services for free as a way to easily onboard clients. Complex services and other developed add-ons will be available for purchase on their marketplace. One of the services I like is that governance issues can be handled easily through smart contract voting. If a pension fund is starting to misallocate capital or force significant reductions, a snap vote could be held to determine future actions. The biggest value add though will be the transparent fee structure, encoded into a smart contract which can be verified independently. Many funds front load, back load, tack on subsidiary fees, management fees and many other types of administrative costs that destroy the original investor capital. Fee reduction leads to exponential greater returns over a long enough time scale. Thus a reduction of even %1 in fees could provide pensioners hundreds of thousands extra. For pension funds, Akropolis makes it very easy to onboard clients, as their documentation and KYC information stays in one place. More so, record keeping becomes easier as the full extent of investor assets are kept on-chain, simplifying audits and saving millions in compliance costs. Intermediaries suck huge amounts of capital out of funds through fees charged, Akropolis will help reduce their necessity through employing AI and machine learning. Additionally, use of the platform will reduce regulatory costs for interaction with fund managers. Fund performance will be completely transparent, making funds and managers more accountable for their actions. Users will be able to choose based on a variety of metrics and asset classes, allowing sound investment decisions. As mentioned before, the team is led by Anastasia Andrianova, an experienced fund manager with close ties to the industry and its senior members. She will be the connection between the aging pension funds and this new technology platform and I 100% believe that she will excel in this. An issue I have though is that Ana has never run a tech company and this is her first startup. Her background is in the corporate finance world, a completely different environment and culture. However, with time I think she will adapt to the difficulties of managing a startup business. Akropolis’ blockchain is being developed by Sigma Prime, an Australian based IT firm. Three of their staff members are listed on the Akropolis website. I would expect more developers to appear post-ICO. The advisory board for Akropolis is stacked. More so, I can assure that everyone listed there is or has actually contributed significant amounts to the project. Gibraltar based law firm Isolas is providing legal support. They the most experienced firm for the jurisdiction and have worked with many other ICO’s in the past years. Price Waterhouse Cooper provides auditing services. As someone who has supported Akropolis from day one, I firmly want to see this project succeed. If successful it could help the industry reduce billions in fees and administrative costs that are currently eroding the long term value of investor assets. Akropolis will bring more transparency to a vastly bloated system. Asset tokenization is a key part of the future and settlement procedures will eventually implement this novel technology. By being ahead of the trend, Akropolis takes a leading view on the tech pension funds and asset managers necessarily must provide for their clients in the coming decades. I earlier wrote about another pension project called Auctus, but I reviewed them poorly because of their lack of connection to traditional finance. Their team was solely made up of developers and lacked any senior team member with extensive pension experience. As such, I hold Akropolis in higher regard than Auctus because of the connections Ana has. She has already lined up pension funds to pilot the program and is an industry expert. These qualities are not easily found and lead me to believe Akropolis is setup for long term success. Akropolis received an 81100 score based on my grading sheet. The lack of senior blockchain/tech experience on the team lowered their score, but their managerial experience and prospect of success pushed the score up. They passed all due diligence concerning legal, financial, and the smart contract. Accredited investors are welcome to contact me or Akropolis for private investment. 82% If you are getting older, it is time to start investing thinking about the future. Because of this, the cryptocurrency and blockchain present very interesting options for people looking to save their money for the future with the greatest interest rates of the market. Today, our blog will review a new blockchain company called Akropolis, which works in the field of pensions and savings for retirement. Akropolis is a blockchain start-up which was born with the mission to solve the problem of pensions. Pensions are deficitary in many countries as people age more than they used to. Even in the countries in which they are not as deficient, governments generally try to make it harder for people to get their pensions. This is making all of the current pension systems more and more inefficient. Because of all these issues, Akropolis has seen a way to solve this problem using the blockchain technology.

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But how is Akropolis going to solve this problem if no government or private company has actually managed to do it so far?

At the moment, the company is elaborating plans to create an ecosystem in which they can solve this problem. The company reunites experts in blockchain technology, pension and savings funds which are already working on solutions to these problems and issues. The reliance of third parties generally ends up badly, so the company is aiming to avoid that. To invest in Akropolis, you will have to buy the tokens of the company. Is Akropolis the right company for you? It is really hard to say for sure right now. Because of this, it looks like Akropolis might not be a great investment for you. Yes, pensions are bad, but maybe saving for yourself and investing well can be a better way to save money for retirement than to use services like Akropolis. Following our blog, you will find plenty of hints on how to invest well in Bitcoin and many other investments. This might be a great chance to invest in something better than Akropolis. Over USD $4 Billion was raised using this technique last year. And if things are anything to go by in January 2018, this action is only going to increase on a monthly basis for the near future. Not only that, but the amount of money raised per ICO is also likely to go through the roof. What will be the first ICO through the $100 million ceiling this year? The North American Bitcoin Conference in Miami held between January 18-19 drew some of the year’s early “star” if not break-out contenders. The event is part of the World Blockchain Forum: Investments and ICOs. In 2017, the gathering drew the hottest startups, funders and strategic partners from all parts of the planet. This year, the environment is even more fever-pitched. Here are a few of the companies that Chipin thought stood out, even in this prestigious crowd. There are multiple players now entering the market globally – and Solve Care is on the leading edge of them. There are several reasons this is an impressive entrant into the market – starting with the U.S. market – which this start-up is clearly targeted on like a laser beam. This includes the integration of services, billing, records, payments and provision into health insurance and in such a way that medical and financial privacy and security is maximized throughout. Further, it is precisely the threat of unauthorized aggregation of healthcare data that has also stymied previous reform. In the U.S. this is governed in the healthcare space specifically by a law called the HIPPA. Codex Protocol is building the infrastructure for a decentralized title registry for art and other collectibles. The founders intend for this to be an industry protocol on top of which other applications can be built. They are starting with biddables and sellables. Think blockchained Christie’s Auction, and you hit the mark. This is especially important in art and collectibles because almost the entire value is based on provenance and authenticity.” Just so. The Codex Protocol will be powered by the BidDex Token and will be released in early 2018. Codex’s landmark application – Biddable – will enable cryptocurrency holders to bid in auctions. Privacy and access will be enhanced for all bidders through a title-escrow system. As the first application to provide direct access to the market, Biddable will drive Codex adoption from both sides of the arts and collectibles market. Benefits for the industry also include a technical fix to end bidders who hijack auctions and then skip town without paying. A blockchained bid system locking in all bidders will effectively end this bane of the entire industry. The team on this project is also strong. CEO Mark Lurie brings a background in venture capital and an MBA from Harvard. COO Jess Houlgrave is a former equity investor with experience in the arts industry directly and an MA from Oxford. John Forrest, a former Microsoft engineer and company CTO rounds out the founder team. To learn more about the ICO and read the whitepaper, click here or go to Codex’s homepage. That starts with the ability of developers to raise funds quickly for innovative projects but does not stop there. That said, it is clear that Project Districts intends to drive a significant part of the virtual reality market, if not increase it beyond predictions that are already astonishing. According to Forbes, Virtual Reality (VR) will be a $40 billion industry by 2020. If not more. This start-up aims to create an environment where virtual and augmented reality projects can be hosted, accessed, developed and of course, monetized. The system will use its own proprietary blockchain as this is cheaper than using an ETH-based token. There are many fundamental strengths to this idea, starting with eliminating the major hurdles facing most developers today. Existing projects require expert knowledge to develop and so far, this has limited the development pool. On top of that, such applications require dedicated, high-end hosting infrastructure, out of the reach of most consumers. As a direct result, capabilities and existing use cases are still very limited. Project District aims to change all that. User-defined DAPPS can easily be monetized and launched (for example a digital store). The immersive, pre-built environment has also included, from the beginning, many opportunities for unique advertising and content provision. To learn more about the ICO, click here or go to Project Districts’ homepage. to learn more about this fascinating project If anyone thought that Bitcoin or Ethereum were the last words in blockchains themselves, think again. The entire space is rife for disruption on the basis of cost, speed, scalability and engineered architecture. It is also rife for disruption in specialized applications and verticals – starting of course with everything with a Fintech element. The team at Credits is certainly poised to present an interesting option for those looking for alternatives. The company is clearly going after users who are looking for blockchain that is more secure, with new instruments for developers and users, and no working competition. The comparisons with both Bitcoin and Ethereum are also pretty jaw-dropping. In comparison with Bitcoin’s 7 transaction-a-second network volume capability and Ethereum’s 300-500, Credits comes in with a whopping 1,000,000. Transaction speeds are also blazingly different. Credits’ transaction speed clocks in at 0.01 – 0.03. In comparison, Ethereum takes between 1-5 minutes. And poor old Bitcoin chugs along at one every 10 minutes. Credits is also clearly targeting the Fintech space. Their tokens can be used for everything from payments and bank services to cross-border trading, stocks and exchange services, and interbank payments (look out Ripple). According to the World Economic Forum, 48% of the retirement aged population do not receive a pension. Even more terrifying? The retirement savings gap globally will grow from $70 trillion in 2015 to $400 trillion in 2050. To add to this confusion if not dire catastrophe, both private and public pensions are so broken that most people agree that what is needed is a radically new solution. And that is where Akropolis comes in – or at least would like to. Their mission is to solve the “pension-gap” problem and utilize blockchain to do it. While the white paper along with a private sale is now in progress, here is what already looks interesting. The concept of a decentralized pension management system could not be better timed. The team behind it is clearly well qualified. And while strategic partners with name recognition have not been named yet, it is obvious they are coming. Absolutely a project to watch. To learn more about Akropolis check out their clearly expanding ICO landing pages. We will continue updating the article with the latest and best ICO’s presenting and exhibiting at the conference. Your request has been sent. We will contact you asap. Available Tokens for sale 0 % The global pension industry is in serious trouble, with many funds underfunded and heading for disaster unless solutions are applied right away. The current pension fund structure is outdated, has conflicts of interest and lacks transparency. People are living longer now, and many pensions aren’t adequately funded to handle this fact. This can cause many retirees to be underfunded and result in a major financial crisis. A company with a vision to solve this world-wide pension deficit problem is Akropolis. The Akropolis platform was designed to solve the problems of the outdated structural issues of the worldwide pensions sector. Akropolis is a global technology platform that allows users to connect with a variety of pension funds and experienced fund managers with a transparent fee structure while being portable. The goal of Akropolis is to be the largest alternative infrastructure for pensions globally by creating decentralized pensions on the blockchain using smart contracts. Akropolis will partner with top experts in the pension sector to help solve the current problems of the global pension industry. The Akropolis platform acts as a gateway between individuals, pension funds and the fund asset managers that manage retirement investments. The fund managers build portfolios of assets, which are then tokenized and put on the blockchain and available for investors. Under this system, investors would have complete transparency with respect to their on-chain portfolio pension investments. Any disputes between parties will initially be handled through the Akropolis Foundation until mediator partners are incorporated. Currently, pensions are maintained by disparate companies and individuals that have many job changes have a hard time keeping up with pension plans. The Akropolis platform allows individuals to manage all of their pensions in one place. The Akropolis (AKT) platform will initially be launched on Ethereum with the ultimate goal of becoming blockchain agnostic. Akropolis users will have complete control over their pensions without the need for a third-party. Individuals may allow various Akropolis platform parties to access some or all of their private data and receive AKT tokens as a reward. These tokens will subsequently be added to the individual’s pension. The Akropolis team is made up of many experienced fund asset managers, which gives the project a leg-up in terms of implementation. Pension systems are complex. Akropolis will handle regulatory compliance and make the pension management process simple for the end user, making pension savings transparent as everything will be recorded on the blockchain. Akropolis receives a 7 out of 10 rating. For more information regarding Akropolis: Website: akropolis.io (team, detailed roadmap, whitepaper) Telegram: t.me/akropolis_official (4,900+ members) Investment Rating Expire date: 15.07.2018 Based on the issues identified during the analysis of the Akropolis project, we assign the project a “Stable+” rating. The Akropolis team has an ambitious and complex idea which does not currently exist on the market. The market which the project plans to enter is quite large in size but has rather conservative approach to things. There are no direct competitors in this blockchain area that develop similar solutions. However, the existing lack of transparency on the traditional pensions market, significant market growth rates and technological progress, contribute to the possible demand in blockchain pension solutions. We would like to note that Akropolis has a strong project team. Most of the team members have extensive experience in each of their areas of responsibility. It is also worth noting that the advisory board includes very experienced professionals who could provide all the advice the project may need. Once the MVP is released and the team’s progress is transparent, this level of risk may go down. Legal/commercial risks: The pensions market is a highly regulated industry around the world and the legal frameworks vary significantly from country to country. The pensions industry is also a rather conservative industry, and there may be unforeseen difficulties with platform introduction to different markets, including difficulties with acceptance by society. Draft whitepaper is incomprehensive: The draft of the whitepaper is missing many important sections and related discussions (see Investment Risk Analysis section of this report). Given that there is no MVP yet, the absence of some information significantly increases the potential risk for investors. However, the team is going to release a General Paper as well as an updated whitepaper before the ICO, which may answer some or all of the above questions. Without the MVP it is hard to assess if those deadlines are feasible given that there are only 4 developers. In addition to that, several team members do not state Akropolis as their current employer which creates the risk of part-time involvement. Also, the Akropolis CEO stated in the official Telegram group that there are more team members to be included in the project closer to the ICO. Development risks: The team is supposed to release the platform beta sometime by the end of 2018. As of April 2018, they do not yet have an MVP. Application, adoption and beta-testing/performance improvement of the product for enterprise use may require significant time and effort from the team. Underestimation of expenses for marketing and legal sectors: The team estimates marketing expenses to be USD 2.5 million and legal/regulatory expenses to be USD 3.1 million. Both estimates assume that the hard cap of USD 25 million will be reached. However, the lack of exact marketing plans and the legal complexity of pensions systems in different countries may prove these expenses to be underestimated. We would like to mention that once the major issues are resolved by the team (i.e. General Paper/Updated Whitepaper published; MVP released, etc. ), the rating will need to be reviewed and reassessed. The platform will have two types of tokens associated with it – the Akropolis External Token (AKT) and the Akropolis Internal Token (AIT). User’s funds within the system will be represented is AITs, not AKTs.

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The Ambassador Campaign started on April 27th, 2018 and will last until the last day of the token sale.

The fact that at the time of analysis (April 2018) the team did not have an MVP which is usually a red flag for potential investors. The project roadmap says that the MVP is to be released in Q2-Q3 2018. There is a certain degree of probability that the MVP will be released after the public sale, thus which would increase the risk for potential investors. Also, there is only a limited amount of information available on the project’s official website. Exact start/end dates for the ICO, accepted currencies, applicable bonuses and other significant matters related to the ICO are not mentioned. However, the team has scheduled the ICO for Q2-Q3 2018, so they still have time to update this information before the ICO begins. It is worth mentioning that Akropolis does not disclose the amount and the nature (equity/debt/tokens) of funding received from Angel Investors and tokens sold during resale round. In this regard we see the potential risk for investors as low. Despite providing a link to GitHub, the team has not yet disclosed anything there. In an official Telegram group, the company’s representatives said that they are finalizing the audits and independent checks before openly publishing source code. Although it is acceptable that a company publishes its smart contract code not long before the ICO, the risk of unclear ICO terms and information can cause issues. The token distribution will be as follows: The team specifies vesting terms for the team and its advisors, a vesting period of 18 months. We would like to note that the vesting terms for the team are not clear and no vesting terms are announced for reserve funds, partnerships, etc. The team and its advisors hold a reasonable stake with modest vesting, covering most of the milestones listed on the roadmap. The hard cap of USD 25,000,000 seems to be relatively modest for this project, especially given that its concept is so innovative and complex. Nevertheless, it’s worth noting that the expected expenditures on marketing (USD 2.5 million) and legal/regulatory (USD 3.1 million) appear to be a bit underestimated. Legal and regulatory expenses also seem to be underestimated, in relation to the complexity of each country’s regulatory framework and the variety of pension plans, etc. However, the team may opt for gradual market exposure, e.g. start to focus on only one market at a time in order to address this risk. According to the description in the technical whitepaper, the platform will initially be built on Ethereum. The team does not rule out the possibility of applying solutions such as EOS, Cardano or Polkadot. According to the project’s roadmap, the beta version of the Akropolis platform is planned to be launched in Q3-Q4 2018. The launch of a multi-currency wallet and basic services for smart contracts are also due at the same time. Pension Funds (PFs) — Pension Funds are institutional entities that may (or may not) currently exist in the pension industry and who maintain their own platform and collection of users. These institutional funds will act similarly to individual users on the Akropolis platform. Fund Managers (FMs) — Fund Managers are institutional entities charged with purchasing or acquiring assets on behalf of users and/or PFs. They must undergo stringent vetting processes to obtain access to the Akropolis platform and must regularly report on the assets under their management. Asset Tokenizers — Assets procured on the Akropolis platform must be tokenized in order for the decentralized components of the system to function effectively. Asset Tokenizers hold assets, either directly or through verifiable third parties, whilst minting and distributing tokens which represent a share of the held asset. Developers — Developers are community members who contribute to the Akropolis platform, building extended/advanced services for pension users. The team intends to monetize the project through Premium Services Fees, Onboarding Fees, Enterprise License Fees and Performance Fees. The Akropolis platform is designed to help users transition from existing pension infrastructures to a more flexible, transparent and accountable system. As such, the platform adopts a freemium model, whereby users can join, and the base services are offered for free. In addition to the base-level services, there will be extended(premium) services available on the platform. The range of extended services is expected to expand as the platform develops. The whitepaper states the following examples of premium services: There are four primary areas where fees will be charged within the Akropolis platform. Premium Service Fees — While Akropolis adopts a freemium model for basic services, Premium Services are offered at an additional cost. These fees vary depending on the service offered. Onboarding Fees — FMs who wish to participate in the Akropolis ecosystem will need to be on-boarded and vetted in accordance with strict governance and regulatory guidelines. A flat fee is charged in this process to cover the platform’s cost in undertaking the vetting process. Enterprise License Fees — In comparison to the public Akropolis platform, an enterprise solution shall exist for PFs to manage and track their investments across the Akropolis platform. This enterprise solution will allow FMs to interact with specific PFs who wish to use a private or permissioned blockchain implementation, mainly for data privacy reasons. In this instance a license fee to use and access the platform will be charged to FMs and PFs. Performance Fees — Performance fees are key in the Akropolis model to ensure that FMs are motivated to provide the best possible investment services to the Akropolis community. These fees will be based on transparent templates that will be released to FMs according to the performance of the assets under their management. This element can be automated on-chain using smart contracts, where fee withdrawals will be permitted based on the agreed value of the effective returns compared to an FMs expected/promised returns. It is important to note that the  project’s whitepaper is not detailed enough in some areas. The United States is the largest market having 61% of the P22 assets. P22 pension assets grew by 13.1% compared to 2016. Contributions from plan members and their employers, and returns generated in financial markets, determine the amount of assets earmarked for financing the benefit payments of plan members upon their retirement. The largest amounts of assets set aside for retirement are found in some of the more advanced economies. Figure 1 shows that pension assets exceeded USD 1 trillion in six OECD countries in 2016: Australia, Canada, Japan, the Netherlands, the United Kingdom and the United States (Panel A). As stated in the OECD report, the size of assets in funded and private pension plans relative to the size of the economy (i.e. GDP) is uneven worldwide. The ratio of pension assets to GDP provides an indicator of the relative importance of funded and private pension arrangements in a country. The value of assets in occupational plans in the United Kingdom was below the GDP. However, Levy (2017) suggests that the overall amount of pension assets including personal pension contracts provided by insurance companies was over 100% of the GDP over the last few years. According to the OECD, private pensions have however expanded at different speeds worldwide. The largest increases in percentage points of GDP occurred in countries where pension assets already represented the highest share of GDP (Figure 2). 4.2 Competitive landscape. As of May 2018, there is only one project which may be considered as a potential competitor in the pensions market for Akropolis and this project is Auctus. Below is a comparison table for both of these projects. Both Akropolis and Auctus can coexist peacefully as these projects are solving different problems in the pension market and actually have different submarket focuses. Besides, the pension assets market is too big for just two competitors to fight over. The main challenge for all projects like Akropolis and Auctus would be getting governments and society to accept blockchain-based platforms for retirement savings. The creation of the world’s first pensions blockchain platform requires significant effort and expertise from the team behind it. The Akropolis team seems to be qualified enough to deliver such project. However, we must mention the fact that the capability of the team to deliver such a complex project will be easier to assess once the MVP is released. Without the MVP the risk of not meeting the roadmap milestones or even failing altogether, remain relatively significant. It should be noted that a number of team members do not disclose their participation with the Akropolis project. Several team members hold positions in other companies/startups which may jeopardize their involvement in the Akropolis project. However, all of the team may work full-time on the project, once the public sale has ended and they are able to focus on development. Anastasia Andrianova Founder & CEO Founder of Akropolis IO. Advisor to Dr Gavin Wood’s Web3Foundation. An experienced private equity professional with strong interest in decentralization and blockchain. She has analyzed and transacted over USD 3.5bn and advised on over USD 300m of acquisitions. Board member of a regulated private equity fund. Always open to new board member or advisory opportunities. Member of the Blockchain Ecosystem Network. Anastasia worked for the Lehman Brothers, United Nations and Commerzbank. She graduated from the University of Oxford in 2007. Sandra Wu Senior Advisor to the CEO and General Counsel Sandra has over 10 years of legal experience in M&A, corporate & securities law, and private equity fund formation. She was previously the Head of Legal and Chief Compliance Officer for a global asset management company managing more than USD 23bn under advisement in the Asia Pacific region. She has worked for the Mercer Fund Foundation and Weil Gotshal & Manges. She graduated from the University of Sydney. Sandra does not disclose her advisory role at Akropolis on her LinkedIn page. Peter Robertson Pensions Lead Peter has over 25 years of experience in asset management and life insurance in Europe, North America and Asia. His recent engagements cover ETFs, acting as an interim CEO, developing a new UK investment proposition, D2C distribution strategy, and the evolution of UK advice, auto-enrolment and platforms. He previously played an integral role in startups in UK, Germany, India and China. He is a former CEO of a listed company in Malaysia and has served on a number of Boards in the UK and Asia. He also worked for the Vanguard Group for more than 5 years. Peter graduated from King’s College, London. For the last 11 years, he has served as the Tech Investment Director for Wentworth Hall, a London-based family office that specializes in private equity ventures and startup investing. He graduated from the London School of Economics and Political Science (LSE). Aylon does not mention his affiliation with the Akropolis project on his LinkedIn profile. Abhimanyu Dayal Head of Strategy Abhimanyu is a Finance graduate who has been heavily involved in the bitcoin/blockchain space since 2013. He recently founded a blockchain and real estate research company Estatechain, which addressed the ongoing issue of liquidity in real estate investment markets. He has extensive experience in working with companies in the Blockchain sector. In addition, he has worked with Bitnation as a Decentralized Application Fund manager and a crypto-economic advisor in creating a decentralized blockchain application governance protocol. Abhimanyu has previously held positions such as Director of European Operations for Bitcoin ATM machine company, Coinoutlet and a Product Designer for automated governance protocol in Bitnation. He graduated from the University of Leicester in 2016. Chris McClure Head of Marketing Chris has led marketing and communication teams across heavily regulated industries like healthcare. He also serves as an Advisor to Medilync and Íslandsstofa and he also a board member of the Icelandic Blockchain Foundation. He graduated from Yale University in 2011. Chris does not disclose his participation in the Akropolis project on his LinkedIn profile. Specializing in blockchain technologies, cryptography and information security, Adrian’s expertise in physics and mathematics now supports his work at Sigma Prime. Adrian does not include his participation in the Akropolis project in his LinkedIn profile. Paul Hauner Smart Contract Development and Audit Paul is a multi-disciplined software engineer with extensive experience as a lead developer for critical systems in the corporate, military and health sectors. As a freelance software developer and technology consultant, Paul implemented systems for a diverse range of institutions, including major banks and a government cybersecurity operations center. Paul was an early adopter of blockchain and distributed ledger technologies and has experience in all phases of blockchain service implementation. Possessing particular expertise on the Ethereum network, Paul is experienced in smart contract development, testing and implementation. Paul has no LinkedIn profile available for review and his association with Akropolis cannot be confirmed. However, his GitHub profile is available and his expertise in blockchain and Ethereum are illustrated and supported there. Mehdi’s professionalism and expertise resulted in his rapid rise to management in EY’s Advanced Security Centre where he nurtured the firm’s next generation of ethical hackers. Since joining Sigma Prime, Mehdi’s focus has changed to blockchain technology, especially the Ethereum platform. He graduated from Institut National des Sciences Appliquees de Lyon in 2011. Mehdi does not post his connection to the Akropolis project on his LinkedIn profile. Jay Mehta Content and Community Management Jay served as Media Marketing Manager at Blackmoon Financial Group and Community Manager at Polybius. He graduated from the University of Wolverhampton in 2013. Victor Wiebe Blockchain Developer Victor has built apps for Intel and ESPN. He worked at Trimble Inc, where he created emergency response software that kept lone workers, north of the arctic circle, safe over satellite. We would like to note that Victor does not have significant exposure to blockchain development. He graduated from the University of Calgary. Key project advisors Ian Grigg Blockchain / Technical Advisor Ian is a noted financial cryptographer, having entered the space in 1995. Ian has worked for R3, a $100m+ blockchain consortium of the largest financial services firms and technology companies in the world. Leading investors included SBI Group, Bank of America Merrill Lynch, HSBC, Intel and Temasek. Kate Kurbanova Advisor Kate is Head of Analytics at Cindicator. Together with her team, she is reinventing the approach to financial analysis, creating the world’s first ecosystem run by Hybrid Intelligence. Kate knows that crypto traders, investors and analysts today face an unprecedented challenge in researching and processing the vast range of information sources that inhabit the crypto space. She is also a Product Advisor at Svandis. Bokky Poobah Security Advisor Bokky is a world-renowned blockchain and smart contract security expert, who rescues trapped ETH on a regular basis. He is also an active Ethereum community leader. Bokky has been working on the ETH Blockchain since it’s platform launch in 2015. The prospect of transacting monetary value over a trusted Ethereum platform by means of smart a contract is what excites him the most. Bokky is also a respect smart contract security auditor, having developed and audited smart contracts for over 20 companies, including Status, Cindicator, Stox and many more.

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  • Head of Analytics, Cindicator

He is working to bring decentralized trustless exchanges and traditional fiat financial instruments to the Ethereum platform and is currently editing “Mastering Ethereum” with Andreas M. Antonopolous and Gavin Wood.

Bokky does not have a LinkedIn profile and his participation in Akropolis project cannot be confirmed. Ros started her career as an academic at University College London, London School of Economics and at Harvard University, researching and publishing on UK pension policy, occupational pensions and retirement. After this, Ros managed institutional investment portfolios for 15 years, including pension funds, insurance funds and mutual funds, as well as advising central banks and private client fund managers. She was Head of International Equities at Chase Manhattan’s International Investment Operation in London, and a Director at Rothschild Asset Management and at NatWest Investment Management. Ros does not list her involvement in the Akropolis project on her LinkedIn profile. Marcus was awarded an OBE in the 2014 New Year’s Honors List. Marcus was also Chairman of the Gibraltar Investors Compensation Scheme, the Gibraltar Deposit Guarantee Board and the Group of International Insurance Centre Supervisors. Marcus is also a director of Kalphe Advisory Ltd, Kalphe Properties Ltd and Callaghan Insurance Brokers Ltd. Marcus was one of the founding directors of the United Kingdom Association of Compliance Officers (subsequently renamed the Compliance Institute). He was also principle author of two Transparency International’s reports on Money Laundering. Marcus does not acknowledge his advisory role in the Akropolis project on his LinkedIn profile. Saber Aria Advisor Saber is the founder of a prominent digital marketing agency and an advertising software company, each with a diverse portfolio of clients including several fortune 500 companies. He is the co-founder of Beyond Blocks, a global conference for blockchain enthusiasts, investors, and developers. Saber does not disclose his participation in the Akropolis project on his LinkedIn page. Roderic van der Graaf Fintech / VC Advisor Roderik has been involved in the crypto assets market since 2014, both as an investor and advisor. He has advised Beetoken, DML, NapoleonX, and Svandis. He also advises pioneering Korean blockchain company Blocko and is a member of the Argo Foundation council (which oversees Blocko’s Argo protocol). At the end of 2017 he founded Lemniscap, an advisory/investment firm in the blockchain space. Roderic does not include his association with the project as an Advisor in his LinkedIn profile. In fact, he actually only lists just one of his advisory roles, his advisory role at Blocko, in his LinkedIn profile. He does not mention any of his other advisory roles, past or present. Prabhakar Reddy VC and Crypto Advisor Prabhakar is a Seed/Early stage investor at Accel. Prabhakar has been a Serial Entrepreneur all his professional life, with over 9 years of experience running successful digital-media and online video platforms. More recently, Prabhakar co-founded Dramatize, a Bollywood content streaming platform, which he left to BookMyShow – India’s largest ticket booking platform. Prabhakar has an MBA from Harvard Business School, and also holds a Bachelors of Engineering degree in Electronics & Instrumentation. At the age of 20, he won the “Dubai Software Development Trade Show 2008” in Dubai. Prabhakar does not mention his position as Advisor to Akropolis on his LinkedIn profile. Steven Reynolds Partnerships Steven brings his extensive leadership experience from the military and financial services sectors to the unique challenges surrounding the digital asset space. Steve has extensive experience in business development, communications, public relations, and crisis management. His steady hand helped to guide Binance through a period of explosive growth and uncertainty all while managing their customer facing communications and media channels. His online presence during US hours facilitated Binance’s rapid rise to the #1 exchange in the world. Steve’s LinkedIn profile states that he is currently Head of Operations at Akropolis. The experience and expertise off the project is diversified, extensive and covers all major areas where advice may be needed. Advisors include several notable names like Steven C. Reynolds (Binance), Ian Grigg (EOS) and Bokky Poobah. ISOLAS, PwC Hong Kong, King & Wood Mallesons are all advising Akropolis on legal, tax, and token sale matters. Kenetic Capital and PrimeBlockCapital are early backers, and Kenetic Capital are also advisors too. There are two types of tokens within the Akropolis platform. The Akropolis External Token (AKT) is a fixed-supply token which will be traded on exchanges. AKTs can be used for: The main purpose of the AKT is to serve as an onboarding utility token that allows participants to access the platform. However, the team specifies that the platform will operate on a freemium model by default, meaning that individual users are able to use the system without AKT tokens. All expenses relating to the basic operations in the freemium model will be paid for by the Akropolis Foundation. This model is introduced in order to make sure that all individuals that wish to do so, can access the platform. Individual users will also have access to a number of extended services offered on the platform which will require AKTs. The team notes that a mechanism is required to decouple the price of the volatile AKT to the fixed stable cost of services on the platform. In the initial implementation, a price oracle will perform this task. The team expects that as the platform matures, the amount of users’ data will increase both on and off chain. Users that opt-in to share selected parts of their data will be rewarded with AKTs. AKT can be used as a staking token, however, this exposes its users to an unnecessary volatility risk. A mechanism that punishes good performers is unlikely to prove successful, as the users will be risk-averse. Therefore, the team believes that there is a need for a stable token which is immune to volatility. The Akropolis Internal Token (AIT) is an independent token which abstractly represents an arbitrary stable coin. This token is supposed to give participants a volatile-free option when engaging with staking incentive mechanisms. AITs will also serve as a bookkeeping tool within the system. AITs will be able to be exchanged for both cryptocurrency and fiat deposits and will fundamentally act as an internal accounting tool whose audit trail lies on the public blockchain. The AITs will be entirely independent from the AKTs. The three main incentive mechanisms that will be initially deployed are: Onboarding/Vetting: Pension products demand a certain type and caliber of institutional fund management (FM). Akropolis proposes an onboarding/vetting system that requires candidate FMs to stake either AIT or AKT. The staked tokens will be held for the duration of the FMs engagement with the Akropolis system. Asset Reporting: As with traditional systems, fund managers will be required to regularly report on the state of their asset portfolio. The Akropolis platform will incorporate protocols to incentivize accountable reporting by FMs. FMs will be able to stake tokens as part of the reporting process, with the stake serving as a bounty for individuals/entities able to demonstrate inaccuracies within the report. Ranking and Reputation: Any user who is managing funds/assets on the Akropolis platform must be extensively reviewed to comply with both internal platform standards and all relevant laws and regulations. In addition to ensuring platform users that all FMs engaged with the platform are regulatory compliant, Akropolis also provides a ranking system for FMs on the system. Expected performance, actual performance relative to expected performance and other measures allow for the construction of a single, overall ranking of all FMs on the platform. Asset Tokenization: The team expects that users will acquire AITs after depositing funds into the system. These AITs will be used to acquire tokens representing various pension products provided by pension funds. Token ownership entitles users to the underlying assets but also gives them access to services, features and products offered by funds. Regulatory and practical requirements will require different degrees of monitoring over the diverse range of asset classes. The application of the AKT token seems reasonable, users will have to have this token if they want to benefit from the Akropolis platform. In theory, it may be replaced by, for example, Ethereum, but the project having its own internal currency in the platform is reasonable. The B2C Beta and B2B pilot project are expected to be released by the end of 2018. Whether or not the team meets these milestones and the level of product development at each stage will either drive the token price up or down. Demand for the platform Currently it is hard to predict the demand for the platform once it is released in 2019. However, the company has no direct competitors at the moment. Sales of tokens by the team, advisors and partners 50% of the tokens are reserved for early backers and advisors (10%), the team (20%), reserve fund and partners (20%). A vesting period is set for the team only, so potential sales from advisors/partners/reserve fund and, eventually, the team may lead the token price down. High Unclear ICO details, terms and conditions. Smart contract code on GitHub not available. The team is not transparent on its website and some keys terms and information are not clear in the whitepaper too. E.g., start and end dates are not specified and bonuses (if any) are not mentioned. The terms of the presale stage were not specified, either. Also, the smart contract code on GitHub is not available for public review. The team says that the smart contract code  will be available soon on GitHub. Medium Incomprehensive whitepaper Given that there is no MVP yet, all of the above significantly increase risks for investors. Medium Team composition/ competency The team has ambitious plans in terms of the complexity and deadlines of the project. They plan to release the MVP in Q2-Q3 2018 and the beta product by the end of 2018. In addition to that, several team members do not state the Akropolis project as their current employer which creates risks associated with part-time involvement. But when the ICO is finished the team may commit to full-time work and focus on development, which might cause the risk level to decrease. The Akropolis CEO stated in its official Telegram group that there are more team members still to be included in the development closer to the ICO. Medium Development risks The team is supposed to release the platform beta sometime by the end of 2018. Application, adoption and beta-testing/performance improvement of the product may require significant time and effort from the team. However, the absence of exact marketing plans and the legal complexity of pensions systems in different countries may prove these expenses to be underestimated. Medium Token price decrease There are no fundamental factors that indicate that token price will face significant pressure. However, failure to meet deadlines in the roadmap or difficulties/delays in product launch in different countries may lead to a decrease in token price. If by that time Akropolis is not yet developed/implemented, the potential market for Akropolis becomes congested with possible new competitors. Low Vesting conditions for advisors and partners are not specified The Akropolis project has a vastly experienced and knowledgeable advisors and partners. Their long-term advice would be very helpful for the Akropolis team to succeed, and their long-term involvement is usually guaranteed by the respective vesting conditions for advisors. Low The information contained in the document is for informational purposes only. Our goal is to increase the transparency and reliability of the young ICO market and to minimize the risk of fraud. We appreciate feedback with constructive comments, suggestions and ideas on how to make the analysis more comprehensive and informative. The Akropolis project is building the largest alternative pensions infrastructure in the world. We are creating decentralised pensions on the blockchain, built by and for the people, creating a safer financial future for humanity. TBA Fundraising progress: 0 USD of 25,000,000 USD PRE-SALE: Prototype: NO ICO Min/max personal cap: 0.00 / 0.00 ICO Token Price: 0.07 USD, 0.00 ETH, 0.00 NEO Total Tokens: 900,000,000 Available for Token Sale: 40% 07- May. Akropolis is taking on a very complex industry head first, making pensions more accessible and simple for people around the world. More people are retiring, and the money they accumulate for retirement must be provided to them. However, they can not receive their contributions as quickly as they want, they can not even get what they deserve. The managers of the Pension Fund experienced difficulties with unsuccessful investments and bad debts. These wrong choices end up hurting their entire system. Without new people to sign up for their pension plan, they may never have enough money to fulfill their part of the contract to those who retired. More people are retiring, as fewer people get a stable job. Without stable employment, the complex pension plan becomes even more difficult. The economy does not make it better. The global crisis, which was tested in 2008, still affects the economy of the world, and then retires. If pension systems around the world remain tense, this could lead to another economic catastrophe, as more people are retiring and fewer people are signing up for retirement plans. Even when everything looks grim for our future, we have systems that are being developed that can help prevent this economic problem. In technologies, steps are being taken that can help create more effective working conditions for pension structures. This may include setting up the current operating structure, but this will help advance the pension system. The technology of blockade can probably be one of the most famous technologies in the future, as it can improve the efficiency of structures and systems. Akropolis plans to create a retirement system based on blockbuster technology. Blocking is an excellent platform, especially where transparency and clear data records are needed, as in pension funds. Some of the failed administrative decisions and problems that exist in the various pension structures that we have can be eliminated with the help of blocking technology. In addition, it helps to create a more secure platform through decentralization. Decentralization spreads the risk of any cyber attack, so it reduces what might be lost in a cyber attack. It will consist of different categories of users, depending on their function on the platform. Individual users, pension funds, pension fund managers, asset developers and tokens will be part of the platform. They will come together to come up with different products that will help the progress of the pension fund system. They will also be users of these new products, along with what Akropolis offers. Akropolis will operate using a hybrid system during its first years of operation before moving into a fully decentralized system. All operations in the Acropolis will pass through the block office Ethereum with plans to turn Akropolis into an agnostic blockade network. The basis of the Acropolis will be a centralized structure in which the entire decentralized system will operate until complete switching.

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Akropolis is designed to meet all the needs for pension provision of all involved parties from individual users to managers of pension funds.

This is one more step forward to provide a place where developers can use their skills and earn on them. It is also designed to comply with the rules set by the regulatory authorities in the countries in which it operates. Flexibility, transparency and accountability will be the defining words of this project in this ever-changing world. There are many advantages to being a user of the Akropolis platform. The platform will be fully transparent in terms of the use of the pension fund. Most services on the platform will also be stimulated using the Akropolis token system. They will have different users, depending on whether they are internal or external tokens Akropolis. Platform users can receive this as a reward when they perform specific tasks on platforms. This will also be the way that you can access another pool of tools. It will open a platform for crypto-currencies, which are a promising tool for trading for the future. Crypto-currencies can help provide a pillow that pension funds need. For institutions of the pension fund, the platform will facilitate the work of these institutions. Transparency will help prevent crises that usually arise from irregular transactions by these institutions. With the creation of records in the detachment, pension funds will have clear records, which are unchanged. Audit of these institutions will become easier, and it will also help to eliminate any uncertainties in the platform. Prevention is much better than treatment. The acropolis can be the prevention that we need, as we plan to retire. Use the links below for more information on how to participate in their upcoming ICO. Author:dhavid19 Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1795848 Please read the disclaimer and risk warning. This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Akropolis is a technology platform designed to address deep-seated structural issues of the global pensions sector. It is the defensive core of the city, a city within a city. We chose to go with the Greek spelling. True to its name, Akropolis’ mission is to address the individual users’ needs – which are not addressed in the current pensions system with its misaligned incentives. We aim to re-dress them to incentivize distribution of the benefits of technology to the end users. We are creating decentralised pensions on the blockchain and a safer financial future for humanity, built by and for the people. Quote This article is writing on 08 June 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: Or Whatsapp Us- +13098896258 Disclaimer: Not all the websites Which listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online. Please specify an ID for the Contact Form in Theme Options > Single Post/Video > Video Report Form GREAT! Just what we need! /s Fuck these ico money grabs are getting out of fuckin hand. This shit needs regulation. And it will get it if this shit keeps up. I hope there’s a prostate ico starting soon too. That also needs to be on a blockchain for whatever reason. Below is the ICO (Initial Coin Offering) information for Akropolis (AKT). The Akropolis project is creating decentralised pensions on the blockchain, with the goal of creating a safer financial future for the humanity. Hard Cap: $25,000,000 Presale Date: ongoing Presale Price: 1 AKT = $0.069 Presale Bonus: 20% bonus over ICO price (Private Presale) ICO Date: Planned for Q2 2018 ICO Price: 1 AKT = $0.069 Whitelist: Open registration for Private Presale. Token distribution date: Scheduled for Q2 2018. Social Interest (12-Mar-2018): Telegram: 5796 IDEA • Globally, the pension industry is in urgent need of serious reforms. The global deficit between pension assets held and existing liabilities are projected to grow rapidly in coming decades and risks triggering a pension-induced global financial (and social) crisis. • Akropolis is dedicated to building a global alternative pensions infrastructure. This is achieved by building an entirely new multi-jurisdictional protocol-agnostic blockchain infrastructure designed to enable low-cost, transparent, fully traceable, and secure pension provision for billions of people globally. • The platform aims to leverage decentralised technologies to deliver a transparent, accountable and portable pension infrastructure that provides services to meet the needs of the modern workforce. It will provide an efficient gateway between both individual users and institutional pension funds, and the fund/asset managers who traditionally manage pension investments. • The initial implementation of the Akropolis protocol will be a hybrid of decentralised components managed by a centralised trusted entity. This may entail non-Ethereum based decentralised chains such as EOS, Cardano and RSK. • There are two main tokens within the Akropolis platform. The AKropolis external Token (AKT) and the Akropolis Internal Token (AIT). • The AKropolis external Token (AKT) is a fixed-supply token whose value is subject to market forces. A key function of the AKT s to serve as an onboarding utility token that allows participants to access the Akropolis platform. However, by default, the platform will operate on a freemium model, meaning that individual users can interact with the system without requiring AKT tokens. Due to the long-term nature of staking, this token is required to give participants a volatile-free option when engaging the staking incentive mechanisms. AITs can be exchanged for both cryptocurrency and fiat deposits, and fundamentally act as an internal accounting tool whose audit trail lies on the public blockchain. Furthermore, AITs are entirely independent from the AKTs (i.e., Akropolis uses a decoupled two-token system). TOKEN UTILITY • Individual users: access to free and premium services. • Fund Managers: access to new clients and new sources of capital. • Institutional users: access to data, services and capabilities. • Developer community: access to ecosystem development tools and opportunities. Their grade could reach 80% if their community continues to improve in numbers (Telegram members and Twitter followers). Whitepaper is well written and the project is well thought of. • There are no direct competitors in a blockchain space (Auctus focus on robo-advisory and are not a competing but a complementing proposition). There are operators in the off-chain space but all of them focus on local, aggregator-style solutions. • Backing from one of the most influential global blockchain investment funds, Kenetic Capital. Kenetic Capital investments include such landmark projects as Ethereum, OmiseGO, 0x, ICON, and many more. Amongst Akropolis backers are C-level professionals from several global pensions organisations. Industry support is a significant statement on the quality of the behind-the-scenes work being done. • The team behind the project is well qualified. Headed by CEO, Anastasia Andrianova, which is currently an advisor to The Bee Token, and Web3 Foundation. She is also a FCA-regulated fund management professional and a board member of a regulated private equity fund. Furthermore, she is a member of the Blockchain Ecosystem Network. • According to Akropolis roadmap, MVP will be deployed with trial clients in Q2-Q3 2018 which is soon. Their B2C Beta product release to the private group of early adopters and B2B product prototype completion is announced for Q3-Q4 2018. • The idea is very good, as the problem with failing pension system is huge. This is a very solid project that’s trying to solve a real-world problem on a global scale. CONCLUSION • For flipping: POSITIVE The idea behind the project that is targeting a global problem is really interesting. Their roadmap is pretty clear with their objectives, they announced a B2C product as well as B2B product prototype for Q2-Q3 2018 which is a good indicator for flipping. Furthermore, their presale allocations are only available to the investors who will contribute to the project development. • For long-term holding: POSITIVE There are no direct competitors in a blockchain space for Akropolis. The most similar one is Auctus (did a good job in price actions after the ICO) who focus on robo-advisory and are not competing but complementing proposition. Akropolis with its current team, and ambitious roadmap could become a solution for this huge problem, which is definitely a good sign for a long-term holding. Akropolis Private Presale Pool with 20% bonus • Our Black Dragon Pool arranged a private sale with 20% bonus for our members • You can find more details on how to participate in the Akropolis pool in our Discord or Telegram Announcement channel. The insurance industry is an old and traditionally minded industry, often plagued by conflicting interests between insurance policy holders and insurance companies. The incentive insurance companies traditionally have of withholding payments or making it difficult to submit claims is removed by giving power back to the people and cutting out the middleman. Instead, anyone can buy “tokenized risk” by holding the Etherisc token and earn returns on the risk they are taking. The potential for savings in a model like this is obviously huge in that it can cut the large bureaucracy that characterizes many insurance companies today. These savings could potentially benefit both insurance buyers and token holders. Certain sections of the white paper also suffer from poor English writing and structuring which can make it difficult to understand. In fact, the Etherisc white paper looks more like an academic paper than a typical ICO white paper. In our view, it still has a way to go when it comes to explaining their concept to the general public. We believe the team would benefit from putting all of these together into a single easily understandable white paper. This document should also include essential information about the token and token sale, which is now largely missing. Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain. When it comes to the token allocation, details are not easy to come by. We were not able to find any information about this on the website or in any of the 3 white papers that are available online. Eventually, we were pointed to a Google Doc by one of the company’s representatives on Telegram. As stated in this document, only 30% of DIP tokens will be available to the public during the token sale. This is a really small share, which in our view challenges the idea behind decentralized platforms. The overall token allocation is presented as follows: The token price for early contributors will be $0.10 + up to 25% bonus with a high minimum investment of 10 ETH. During the main sale, the price will be $0.10 with no minimum investment. Only non-accredited US investors are mentioned as barred from participating in the token sale. When asked about this on Telegram, the Etherisc representative stated that “some other countries might fail the AML check,” without offering further details. The Etherisc team appears to be fairly large with lots of experienced people from a variety of industries. The team is also more senior than many other blockchain projects, which in our view is better than having a team of only young people with no prior work experience. There are three co-founders on the team, each one with his own area of responsibility: All three co-founders have Etherisc listed as their employer on LinkedIn. The team is also spread out geographically with people from lots of different countries. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). Firstly, the many white papers that are published on the website make it difficult and confusing to find the information investor’s typically look for before investing. These documents should be merged and rewritten into a single easy-to-understand go-to resource for ICO investors. Secondly, we are critical of the team’s decision to only make 30% of tokens available to the public through the ICO. Generally, anything less than 50% public ownership of tokens challenges our view of what a “decentralized” platform should be like. All in all, we agree that the insurance industry is a good candidate for disruption. We also like the idea of “tokenization of risk” and letting anyone participate and essentially buy risk in return for a profit. This way, there is a huge potential for savings and cutting down on unnecessary bureaucracy in the insurance sector. However, we believe the team still has some work to do on the promotion and marketing side in order to make this ICO more understandable for the general public. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen.

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Overall, we arrive at a score of 4 out of 10 for the Etherisc ICO.

More information: Featured image from Pixabay. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term trading. The author has no investment in Etherisc at the time of writing.