National pension systems are often caravans that "welcome" political positions and mediocre profiles. The absence of meritocracy and the need to manage full-bodied and above all complex budgets often leads to shortages and holes, which must be constantly remedied with ad hoc political maneuvers.
This happens in Italy, where the new generations have lost the hope of retirement, because the minimum age defined by the last law of the sector, has been moved too far in time. The law was necessary to make ends meet and deal with other non-secondary problems such as the low rate of national growth and the new phenomenon of emigration, subtracting fresh funds from the budget.
This happens in Italy. In other countries where the pension system is private, broken bank risks are around the corner and the user lives with the constant fear of losing all the contributions paid in a second.
Akropolis tries to offer a solution to a part of the problems in the sector. In fact, he wants to bring the entire pension system back onto the blockchain, thus enjoying the contractual transparency between the parties and the security of the deposited funds. The objective is to guarantee clear and safe rules to the parties involved, motivating them with a new incentive system.
Anastasia O. Andrianova, on the basis of his experience in Lehman Brothers and coaudiuvata by a respected team including the names of Sandra Wu and Peter Robertson, wants to offer a system that in the future will be open source, able to improve the pension system for all the parties involved.
The system is adaptable to all the realities of the world, simply managing the smart contract to draw up for the involved entity, and reducing management costs due to the elimination of intermediaries and, finally, giving full control of their profile to each user by means of private keys.
On the platform, each user will be able to manage their positions, starting with deciding which fund to use to deposit their contributions. You can also use premium options by paying extra fees including the ability to define your own testament on smart contracts, insert new beneficiaries and set up the system in case of movement outside the country where you live.
Pension funds or state social security agencies, on the other hand, paying commissions, can enter their offers on smart contracts and offer their products to customers. The rules of contracts to be signed will be reported in the smart contracts that the end user will sign with the fund.
Akropolis is a Blockchain based, the decentralized platform that designed to address the issues exist in the global pension sector. It’s been developed with the aim to be the largest alternative pension infrastructure in the world. According to the researchers, world population is getting older and the majority of them don’t receive a pension or a retirement saving. Akropolis is designed as a solution for this and that will help to create a decentralized and safe financial future for people with transparent smart contract based infrastructure. That will change the way of saving and investment.
The platform connects the following actors together.
Individual users – This population includes the individuals of those users the Akropolis platform for their pension savings.
Pension funds – Institutional entities who maintain their own platform and collection of users. Those are similar to Akropolis platform.
Fund Managers – Institutional entities that involve in purchasing and acquiring assets on behalf of the users.
Asset tokenizers – Centralized entities that mine and distribute tokens, which represents a share of the held assets.
Developers – Community members those contribute to the platform.
Akropolis platform is designed with the purpose of transiting users from existing pension model to new pension model. The services are offered for free. Following are some of the services that provided by the platform.
Ability add beneficiaries
Ability to create smart contracts
Ability to add fund managers
Cross-border assistance for expatriates
All the ecosystem participants can gain benefits by using this platform. Some of them are;
Secure, immutable and transparent report management with real-time auditing
Capacity to leverage smart contracts for peer to peer lending
Ability to monetize own data
Access for new and global capital pools
For Pension Funds
Document verification become easier
Internal administration become easier
Eliminate the inefficiencies and intermediaries
Reduces the compliance fee
Transparency in fee structure
For Fund Managers
Access to global clients
Easy access to the platform
Akropolis has developed an own Cryptocurrency namely Akropolis token. These tokens will be issued in two forms.
Akropolis external tokens (AKT)
The supplies of these tokens are fixed and can be used for following purposes
Purchasing premium services
Purchasing platform data
Taking part in various platform incentive mechanisms
Akropolis internal tokens (AIT)
These tokens are independent from AKT and act as an internal accounting tool. Users would be allocated with AIT once they deposited the funds into the system. These tokens can be exchanged for cryptocurrency and fiat currency.
900 Million Tokens are to be distributed among the participants in following proportions.
40% through token sales
20% among the team
20% will be reserved in a fund
10% among the advisors
Remaining 10% will be distributed through marketing programs
Akropolis started the journey in 2017. Up-to-date they have passed several steps and followings are the important milestones that the team expects to achieve in near future.
Launching token sale and token distribution
Finalizing technical architecture
Deploying with trail clients
Launching the beta product among early adopters
Integrating the full-featured platform with front-end products on the main net
Releasing the first version of the platform by 2019
Launching the token wallet
Akropolis management team is comprised of highly qualified and experienced professionals in IT, legal, financial, technology, online communication, and marketing. Following is a small explanation on the founders.
Anastasia O. Andrianova – CEO & Founder
Ana is an expert investment professional and she is passionate about decentralization and Blockchain technology.
Kate Kurbanova – Head of community development and Co-founder
Kate is an expert in IT and she possesses more than 5 years of experience in the industry.
The project is under development and passes for an ICO to finance itself.
40% of available tokens are offered for sale; 20% is defined as a reserve for the system and is used to involve the main players, such as funds and institutional bodies. The price of the token is 1 AKT = 0.0690 USD and the collection target is 25,000,000 USD.
Of all the funds raised, 50% is allocated to the development of the platform and above all to finance the Developer Community module that is designed as an incubator of innovation and project implementations, to manage with an internal remuneration system that rewards talents who develop innovations.
Finally, what I can say is the tremendous potential of this company. All-round ICO is very striking. This is a great open road to enter the ICO world.
If you know how to improve our community.
If you know how to spread information about us in this world.
If you have any ideas for other improvements, it is a privilege
If you all participate in our bounty.
For More Details of Akropolis ICO:
Official Website: https://akropolis.io
Medium : https://medium.com/akropolis
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1881783