What is Akropolis (AKRO)?

By Keyboardwarrior | Crypto Bulletin | 11 May 2021


Akropolis is an ethereum based decentralized finance (DeFi) protocol that is intended to work as an independent fiancial ecosystem for saving and growing wealth. In the beginning of the launch of the crypto, it was heavily emphasized that it is intended to work as a way to provide pensions for people, but the DeFi yields have been much more prevalent in these discussions later on.

To support the cryptocurrency, it offers a range of products:

- Akropolis OS, which is a program that is intended for development of for profit organizations,

- Sparta, a lending platform for uncollateralized loans

- Delphi, a yield farm aggregator.

Akropolis website

While there are certainly many advantages of Akropolis regarding the infrastructure and the DeFi returns, the ethereum base of Akropolis makes the gas fees tremendously high. Even despite the fact that Akropolis is extremely cheap now, you will have to pay a heafty amount of the amounts of crypto you buy from Binance or similar when you purchase it. 

On a brighter note, the low cost would potentially make it multiply in value over the years should it ever be listed on Coinbase for instance. It is already supported by the coinomi wallet which makes it accessible to many holders. 

I will likely give AKRO a try in the near future, if nothing else to hold it for many years to come.

 

 

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