AKROPOLIS – how to get pension through blockchain

Autors: Hopkins, Magnussen

Tokenometric

Hard Cap – 25M $

Token price: 0.069 USD

Token Sale – 40%, 360 mln of tokens

Tokens of advisers and teams are locked for 18 months. By that time Akropolis should already work to its fullest. 180 million tokens are allocated for the team, 20% for advisers (90 millions), 10% – basically, satisfactory numbers.

It’s very cool that large amounts are allocated to regulation and legal issues, which is the main problem.

Private and presale tokens will be locked for 12 months; the bonus depends on the degree of assistance to the project, rather than on the amount of investments and does not exceed 20%.

What really pleases and is rare enough – the published estimate of the project:

Periods

So far, there are no dates, the project is in the private stage at the moment. The tokensale is tentatively scheduled for June.

Legal aspects

The company is registered in Gibraltar, in accordance with information on the site:

Akropolis Decentralised Ltd.;

Suite 23 Portland House, Glacis Road, Gibraltar;

COMPANY NUMBER: 116430

Operationl offices – in London and Hong Kong.

About the project

I will say right away – I liked it immediately, but as I began to understand and dive into the project – I began to admire it.

Akropolis is a protocol that links you to pension funds. The goal of the Acropolis project is the use of new technologies to develop a transparent pension infrastructure that would ensure stable pensions that meet the needs of the modern workforce.

According to the International Economic Forum, 48% of people in the world at retirement age do not receive pensions now. Just think about it – 48%. Almost half! Also, according to the same report of the International Economic Forum, the gap in pension savings globally will grow from $70 trillion in 2015 to $400 trillion by 2050. There are two types of pension funds: state and non-state. We are interested in non-state ones, which may vary in terms of conditions, interest payments, reputation. Here are more details: https://akropolis.io/images/wef_white_paper_we_will_live_to_100.pdf

The current pension system is not designed for modern conditions, for a new generation. Life expectancy increases, fertility declines, the modern generation prefers to work as freelancers, rather than taking company jobs. All this leads to the fact that the number of pensioners per number of working people is decreasing.

Traditional pension funds also have an opaque system, there is a shortage of liquidity pools in relation to promises. The latter leads to an increase of the retirement age, various fines and restrictions, and ultimately – to pension decrease. And the Acropolis strives to create an individually oriented system, create a transparent pool of liquidity for pensions, in which future pensioners, funds and the state itself will participate, for this purpose the permanent work with industry experts is conducted.

The public and unchanging history of tranche in the blockbuster is the first step towards increasing the transparency of the pension system for ordinary users and auditors. Also, the block system allows the creation of crypto-economic mechanisms through the creation of incentives and incentives.

The next important point is the emphasis on Private Pensions. A private pension is a fund where people contribute from their own income, which then pays them a private pension after retirement. This is an alternative to the state pension. Typically, individuals invest in savings schemes or mutual funds managed by insurance companies. Often, private pensions are also managed by the employer and are called professional pensions. Contributions to private pension schemes are usually not taxed. It’s like an ordinary pension.

There are already funds that are ready to work with the project, the team has been working on this for the past year.

Roadmap

Main info

Technical architecture will be completed in Q3-Q3 2018
Beta version will be launched in Q3-Q4 of 2018.
Release of the first platform version – 2019.
The external API release for third-party add-ins – 2019.
Ready-made hardware wallets Akropolis – 2019.

Tokenomics:

In technical terms it is said about the system of two tokens, but at the moment the tokenomics is being reviewed with the lawyers and the data about it falls under the NDA. Information in Whitepaper is not relevant. The team will provide us with up-to-date information as soon as it is ready for the public announcement.

Project technology:

The whole system will initially be built on Ethereum technology, because at the moment it is already an operating platform and actively works on scaling and increasing the speed of the network. “Nothing special,” you will say. And I will answer that you missed the word “initially”, because the company took a really correct direction and wants to make the system perfect. In the WP, they write: “The initial implementation of the protocol “Acropolis”, as described in this document, will be a hybrid of decentralized components,”. It means they want to take the best of all the blockchains and make their platform on this. They are also not afraid to change anything, and specifically for this they will reward other developers for their contribution to Akropolis.

The Acropolis platform is a gateway serving as an intermediary between ordinary users, pension funds and fund managers.

Participants of the Acropolis system:

An individual user can join the platform to create a system of their savings or a pension plan. Users will have access to various personal saving plans offered by institutional users on the platform. The user will decide what data to disclose about himself, and the more data he discloses, the better saving plan he can choose, as well as obtain a reward for disclosing his data and completing certain tasks.

Institutional user (pension fund, fund managers) gets new users and clients, as well as the opportunity to build their services on the Acropolis pension platform. They can also offer their saving plans to individual users through the platform. Institutional users will have access to a library of smart contracts covering the most common functions, as well as pre-set costs, so there will be no extra and hidden costs, and the system will be transparent.

Developers (decentralized) get the opportunity to participate in building of a platform, help in finding bugs and get paid for it.

Third-party service providers with platform development will have the opportunity to provide their services through the Acropolis platform. For example, auditing and accounting companies, KYC providers, and other organizations and companies will be able to use the Akropolis platform to provide services that are needed by both individual and institutional users. Thus, they will receive new customers and users, as well as the ability to reduce costs and dependence on obsolete infrastructure.

Competitors

Many people see Auctus as their competitor because of the word “Pensions”, but in fact, with closer examination, one can understand that companies create different products: Auctus creates robo-advising, while the goal of Acropolis is to build a completely new infrastructure for savings and pensions.

GitHub

Unfortunately, it is closed. Access is possible on request, and we were given a permission to view it, so wait for updates))

Whitepaper

For sure, the team worked hard on WP, and made it not just for show-off (and by the way, it’s a rough draft), which is already a small plus. The first half through google translate is easy to read, there are no problems with grammar. The second one is written heavily – it is difficult to perceive the text through google translate.

Hype

Telegram – 4.5к.

Twitter – 850 readers. There are almost no posts.

Facebook – 87 subscribers. There are almost no posts.

The site is visited by 1300 people a day.

Telegram – 5к. Twitter – 950 subscribers

К сожалению, в данный момент очень мало кто знает об этом проекте. Но если учитывать то, что сейчас он находится в стадии приватсейла – то 5К в Телеге выходит не так уж и мало. И при этом утверждается, что они уже финализировали переговоры с компаниями по PR и маркетингу, так что в скором времени стоит ожидать серьезное усиление маркетинга и распространении информации о проекте.

There are almost no posts, but the company has just started its activity in social networks and in the past few weeks it has been possible to observe regular posts on the company’s blog on the Medium where they talk about the company and the problems of the pension sector.

Unfortunately, very few people know about this project now. But if you take into account the fact that now it is in the stage of private sale – then 5K in Telegram is not too little. And at the same time, it is stated that they have already finalized negotiations with PR and marketing companies, so that serious marketing strengthening and spread of information about the project should be expected.

Partners

ISOLAS – is a leading international law firm providing legal services in Gibraltar. The company was founded in 1892. Yes, I was not mistaken – in 1892.

PwC – the leading audit and legal company, whose offices are represented in many countries of the world.

Kenetic Capital –is a company that seeks to expand the development and implementation of blockchain platforms through investment, consulting services, community and technology. They have a world-class team and a network of partners and consultants on their service platform.

Prime Block Capital – is an investment fund specializing in blockchain technology. Founded in 2014, has more than 20 employees, there is no site, the fund is closed (private). One of the advisers is their partner.

Sigma Prime – specializes on blockchain technology and information security. Part of the Sigma Prime team is also added to the Acropolis team on the site, as they are the technical part of the team and work daily with the core team on products and security.

King & Wood Mallesons – one of the most innovative law firms in the world. There are branches across Europe, the United Arab Emirates, China, although the company itself is from Asia. The company was founded in 1832 and hired about 3-4 thousand employees.

Team

The team is very large, so so let’s go over them in a nutshell.

Anastasia O. Andrianova – Founder/CEO.

Anastasia has extensive experience working in institutional organizations – banks and foundations. She graduated from Oxford, worked for Lehman Brother, and then set up her own fund. Anastasia is an adviser in the WEB3 foundation (the company develops and manages technologies and applications in the field of decentralized protocols, which was founded by Gavin Wood – co-founder and former CEO of Ethereum), as well as an adviser in BeeToken (flip-1x, now 0.5x from ICO).

Sandra Wu – Senior Advisor to the CEO and General Counsel.

Head of the legal department in one of the largest consulting companies – Mercer Investments. She was also executive director of the Association of Corporate Lawyers in Hong Kong. Associate in several fairly good companies associated with legal or large funds and banks. She was engaged in mergers and acquisitions of companies, no matter how terrible it sounds. Advisor on legal issues in CoinFi.

Peter Robertson – Pensions Lead.

In the past: CEO in Manulife, the leading financial services group in Canada, for 3 years; The head of the retail department in Vanguard, one of the largest investment companies in the world, for 3 years. There are confirmed skills in linkedIn connected with pension – 49 confirmations. Also it is written on the Acropolis web site that he is a member of the British actuarial profession. From recent experience: Consultant P & S Robertson Ltd.

Aylon Morley – Business Development.

For the past 7 years, he worked as Director of Technology Investment in Wentworth Hall, a London-based family office specializing in private equity investments and investing in seed capital. Head of Techstars and Startupbootcamp, companies that connect founders with other entrepreneurs, tech experts, graduates, investors. Their partners are such famous companies as Microsoft, Ford, Bosch, Honda and many others.

Abhimanyu Dayal – Head Of Strategy.

He has work experience in several companies that are closely related to the blockchain: Bitnation, blockchain jurisdiction; CoinOutlet, Bitcoin ATMs; EstateChain, an infrastructure for real estate processing, using smart contracts on the blockchain; In the first company he worked as a designer, in the second – as Director for European operations, in the third – as Co-founder, Director of the company. In total 3-4 years of experience with the blockchain.

Adrian Manning (PhD) – Head of Blockchain R&D, Sigma Prime.

He completed his thesis in theoretical particle physics at Sydney University, where he used his long-term interests in applied mathematics, computer science and artificial intelligence to analyze and solve complex problems. Head of Sigma Prime, which specializes in technology of blockchain and cyber security.

Paul Hauner – Smart Contract Development and Audit, Sigma Prime.

Unfortunately, his LinkedIn is closed, and we had to take information from the site: “As a freelance software developer and technology consultant, Paul has implemented systems for a variety of institutions, including major banks and the government cybersecurity operations center. He has experience working at all stages of implementing the chain of blocks. With his special experience in the Ethereum network, Paul has experience developing, testing and implementing smart contracts.” And most likely this information is true, since they do not lie about everyone else. Git Hub is full of all kinds of projects.

Mehdi Zerouali – Cybersecurity Lead, Sigma Prime.

He engaged in cyber security for 7 years. He received his skills in a large company Ernst & Young, that provides services in the field of audit, taxation, consulting support of transactions and consulting on business. The company has more than 10 thousand employees. There, over 5 years, he grew up from a senior information security advisor to the Manager in the field of enhanced security. Now he works with the previous member of the team in Sigma Prime.

Jay Mehta – Content & Community Management.

Project manager and media designer with more than 10 years of experience in managing a design firm and creating high-quality content for companies such as Microsoft, Sega & Sony. He founded a company to develop games and graphics for games, as well as graphic agency eSports, both of which have a long list of the most popular customers. He worked as a community manager and social media expert for many projects, such as Blackmoon, Polybius.

Victor Wiebe – Blockchain Developer.

8 years of working with applications on Android and iOS. Unfortunately, there was no work experience with the blockchain.

Advisors

Ian Grigg – Technical Advisor.

Financial cryptographer and programmer. The main scientist in Mattereum, the ICO of the project is coming soon, engaged in smart contracts. Worked at a consortium of banks R3, a blockchain-consortium ($ 100 million) of the world’s largest financial and technology companies. Leading members are SBI Group, Bank of America Merrill Lynch, HSBC, Intel and Temasek.

Kate Kurbanova – Advisor.

Head of Analytical Department in the Syndicator. The syndicator held his token sale in September 2017, where they focused on building a community and conducting one of the most fair (in relation to the community) token sale in 2017. With a hard cap 15M, the company received bids for more than 500M. Kate has been working in the syndicate since mid-2016, participated in the writing of the company’s whitepaper and the construction of the community during and after the token sale. She was also an advisor to Latium (the token sale was in January), and now an advisor in Svandis, a company that creates a platform for searching and visualizing crypto assets for traders and investors. It was her with whom I talked and asked everything I did not understand. Big thanks to her)

Bokky Poobah – Security Advisor.

A very powerful advisor, since it has been working with Ethereum technology since its very beginning. He helped to develop and verify smart contracts of companies such as Cindicator, Stox and many others.

Ros Altman CBE – Pensions Advisor.

State Minister for Pensions in the UK, worked from 2015 to 2016. She has been managing institutional investment portfolios for 15 years, including pension funds, insurance funds. She graduated from Harvard.

Marcus Killick OBE – Legal Advisor.

To make it short – a very good lawyer, awarded the Order of the British Empire. If not briefly – an English lawyer, a member of the New York law office, a certified employee of the Chartered Institute of Securities and Investments, a member of certified management (management and leadership diploma) and a member of a certified institute of insurance.

Saber Aria – Advisor & Investor.

He invested in bitcoin in 2012. Partner of Prime Block Capital. Founder and director of many companies including WePower. Active investor including blockchain projects.

Roderik van der Graaf – FinTech Advisor.

Advisor in Beetoken, DML, NapoleonX and Svandis. Has 20 years of experience in the field of finance. He worked in banks, on stock exchanges, with shares, as the head of trading. At the end of 2017, he founded Lemniscap, an advisory / investment firm in the blockchain.

Prabhakar Reddy – VC and Crypto Advisor.

He received MBA from Harvard. He is an early investor in Accel. His first start up he sold when it was still at a basic level. The second start up hit in the top 100 web sites in the world, enabling his enterprise to earn $5 million annually in 3 years. At the age of 20, he won the “Software Development Exhibition in Dubai 2008”. Most recently, he founded the company Dramatize, a platform for streaming in Bollywood. BookMyShow, India’s largest booking platform, was delighted by news.

Steven C. Reynolds – Partnerships.

Founder of Greychain Capital, a consulting company offering a ready-made portfolio of crypts through the ICONOMI platform. Community manager of Binance, it is a great pity that in the past …

The remaining facts

It is evident that the project is making progress, 4 partners were added during a week, and the one employee was fired) or simply was removed from the site.

I once again emphasize Kate Kurbanova, she helped me to understand some of the intricacies and answered the most stupid questions. Also, Jay Mehta answered almost immediately to my questions about his job (he could not find evidence that he was working with Microsoft and Sega & Sony).

Conclusion

Pros:

-Cool idea

-No one before touched this topic, there is no competition

-More than bearable token metric

-Good WP

-Good HYIP

-A lot of attention is given to the legal moments, even very much

-Good team and advisors

Minuses:

– There is no ready project at the moment

– I would like to see more cool blockchain developers

– There were small defects, such as: the report on pensions that is displayed on the site, is not supported by any links or anything else; but this is really a trifle.

My preliminary subjective assessment is 8/10.

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Ethereum and ERC20-Tokens:

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