AKROPOLIS - The Blockchain Pensions Infrastructure

The world’s pensions are in turmoil. As our societies are getting older, the systems designed to support us into retirement are massively inefficient. Globally, the pension industry is in urgent need of serious reforms. The global deficit between pension assets held and existing liabilities is projected to grow rapidly in coming decades and risks triggering a pension-induced global financial (and social) crisis. Furthermore, workplace changes are increasingly atomising the modern workforce whilst legislative agendas are transferring the burden of managing the pension deficit back onto the individual. Complex fee structures that lack transparency are further eroding the performance of pension funds and exacerbating the problem. The Akropolis 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. Industry participants such as Pension Funds and Fund Managers can benefit from reduced regulatory overheads, access to new (token-based) mechanisms of engaging with clients, and marketing/promotional opportunities derived from new (verifiable) reputation and ranking systems. Individual users gain from the improved visibility, auditability and portability of a blockchain-engaged pension platform that acts as a single source of pension truth for the individual. Furthermore, protocols for accountability and transparency incentivise good behaviour by institutional participants and reward individuals and/or institutions that reveal bad behaviours. The challenges facing the pension industry are non-trivial and intricate, yet they must be addressed. Akropolis believes that leveraging new decentralised technologies to empower the community to unite and tackle the pension problem offers the best hope for both rectifying existing systemic failures and building a sustainable future.

Akropolis is a new pension platform that aims to unify recent technological advancements to create a long-term sustainable solution to the myriad of issues that plague the existing pension industry. The Akropolis platform aims to facilitate the transition from existing pension structures to an atomized, individually tailored pension protocol capable of meeting the needs of the modern worker. De- mands of both legislators and the modern workforce are pressing individuals to bear greater responsibility for their own retirement outcomes.

Our vision is to solve the world’s pension deficit problem technology:

• We use technology to bring about a more sustainable future and increase resilience in the face of major foreseeable risks blockchain
• We harness the blockchain and tokenization to create transparency and economic efficiency with minimum fee erosion control
• We place control firmly in the hands and to the advantage of our users, over time removing the reliance on third parties

Akropolis is a transparent, decentralized, accountable and mobile pension infrastructure. Ecosystem, which builds the project, is designed to make the system of pension payments more modern and fairer.
The Akropolis platform is designed to provide the users with the transition from the existing pension infrastructure to more flexible, transparent and accountable system. The basic services are free of charge, but the platform will also have expanded (premium) services, the list of which will increase as the platform develops.
The Akropolis platform provides benefits for individual users, who create and manage pension accounts on the platform, and for Pension Funds (PFs), who manage large numbers of pension accounts on behalf of individ- ual clients. Fund Managers (FMs), who manage assets and supply pension products to PFs, also stand to reap benefits by participating in the platform. The present section outlines the features and benefits of the Akropolis platform for these different classes of participants.
From the perspective of individual users/workers, the motivation for Akropolis follows from three key observations:
•Firstly, many PFs around the globe are under capitalised relative to their liabilities.
• Secondly, to avoid further amplifying the discrep- ancy between assets held and liabilities, state- and employee-operated pension schemes are increas- ingly pursuing systemic changes that transfer the liability for funding retirement expenses onto the individual (as manifest by, e.g., the tendency for pension liberalization).
• Thirdly, changes in workplaces and working conditions, as manifest by the sharing/gig economy, freelancing, and the increase in global workforce mobility, mean individuals are increasingly self- employed, engaged in short-term employment, and/or working transiently in geographic regions subject to varying regulatory requirements. These changes further exacerbate the problems with ex- isting pension models, which typically rely on employment and/or regional stability.

In addition to the general features described above, the blockchain-based Akropolis platform will offer individ- ual users the following improvements relative to existing pension systems:
•Secure and immutable pension records, transpar- ent record management and ease of auditing with real-time feedback.
• A decentralized, portable, single source of pension truth.
• Capacity to leverage smart contracts for secure peer-to-peer lending (e.g., family members can send pension contribution coins to younger adults, which can be used to acquire pension products that remain locked within the platform for desig- nated time periods).
• The ability for users to monetize their own data.
• Transparency of governance protocols and out- comes (e.g., avoids difficulties with fund seizures encountered in Poland, Hungary and Argentina).
• Common protocols for fee and performance reporting.
• Incentivised accountability and ranking mechanisms for PFs to showcase good actors and filter out bad actors (acts to revert misaligned interests in the current system).
• Modern products and services that meet the needs of a generation that is familiar with real-time data and feedback (i.e., supersedes outdated legacy systems)
• New capital pools, such as cryptocurrencies. Users can incorporate cryptocurrency assets into their pension portfolio with options to time-lock the assets within smart contracts until the user reaches a pension age. Akropolis will advocate for regulatory changes that provide crypto-assets (held in verifiable time-locked pension contracts with the same tax benefits afforded to traditional pension investment assets
For more information and details about this project please visit the White paper: https://view.attach.io/HJQ3yvpcM?viewer=new
ROADMAP

ICO AND TOKEN DETAILS
The total token supply is 900 million, and a token goes for $0.069. The hardcap is 25 million USD with a supply of 360 million tokens for sale. Token will be distributed to investors, teams, advisors, marketing team, and bounties. Two main tokens (Akropolis internal token and Akropolis external token) will be used on the platform. The external token is a fixed supply token whose price will be determined by market forces, while the external token is an arbitrary one. They are simply denoted as AIT and AKT respectively
TOKEN SALE
Token type: ERC20
ICO Token Price: 1 AKT = 0.0690 USD
Total Token Supply: 900,000,000
Hard Cap: $25,000,000
Maximum token amount for sale: 360,000,000
Maximum Token Amount for Sale (%): 40%
Token Price (USD/ETH rate locked 48 hours before the TGE): $0.069


Token Sale: 40% - 360,000,000
Advisors, Early supporters: 10% - 90,000,000
Marketing, Ecosystem Development: 10% - 90,000,000
Team (vesting in place): 20% - 180,000,000
Reserve Fund, Partnerships: 20% - 180,000,000

The incredible team behind this revolution

For more information, please visit the links below:
Website: https://akropolis.io/
White paper: https://view.attach.io/HJQ3yvpcM
Twitter: https://twitter.com/akropolisio
Facebook: https://www.facebook.com/akropolisio/
Linkedin: https://www.linkedin.com/company/akropolis-io/
Medium: https://medium.com/akropolis
GitHub: https://github.com/akropolisio
Telegram: https://t.me/akropolis_official
Writer: Tosin David
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1180815