Unlocking the potential of informal economy with DeFi
Akropolis is a domain-specific financial protocol dedicated to the needs of the informal bank-less economy. It can be implemented on any blockchain with a Turing-complete virtual machine.
No bank account required
DeFi integrations provide for a continuous savings rate
No need for long-term lockups to receive interest - continuous interest payment
Resistance to fraud or manipulation
Ability to receive funds even if the organisation dissolves or fails
Scaling potential to co-operative bank model
User incentives to grow the network, lower the cost of use and speed up the delivery of services
Full funds ownerships in a trustless way: funds are stored in an on-chain ledger where only verified users with permissions have access to them
Transparent, real-time, immutable financial record-keeping for every user – solving fraud and minimizing the misuse of funds through multi-signature fund deployment
Programmable immutable smart-contracts that allow users to create automated financial algorithms. These algorithms implement the functionality of existing financial instruments and enable the creation of a large array of novel financial tools.
The architecture of Akropolis protocol, as a TCP/IP construction, is structured in several layers, each of which is responsible for a separate function:
Identity Management module (IM)
AFO maintenance and Governance Module
Network Governance module
Payment processing Module (C2FC Framework)
Each level has its own API for interacting with other layers or for interacting with applications built on our protocol and third-party solutions.
Cross-functionality between AFOs will initially be limited to basic exchanges of value.
July 2019 - Integration with DeFi and legacy financial infrastructure (Custody services, Fiat on ramps, payment services).
August 2019 - Alpha release. Initial mainnet implementation of protocol.
November 2019 - Beta release. All functionality has been deployed on mainnet.
March 2020 - Mainnet launch.
The Akropolis token can be classified as a Network Token, combining the Work and Governance functionality. It provides the right to contribute work to a network and participate in the governance process. Its utility is derived from the decentralized coordination of token holders, as with Augur (REP) and MakerDAO (MKR).
As such, the AKRO token is an essential element of the protocol internal economy and cannot be replaced by an external stablecoin. The token staking and governance approach requires a token whose value is connected to the current network and not tied to other projects and networks.
Maker, Polkadot, Wyre, POA, Bancor, Zerion
Available for token sale