ICO Analysis: AkropolisPublished on May 6, 2018
By Kent HamiltonThe global pension industry is in serious trouble, with many funds underfunded and heading for disaster unless solutions are applied right away. The current pension fund structure is outdated, has conflicts of interest and lacks transparency. People are living longer now, and many pensions aren’t adequately funded to handle this fact. This can cause many retirees to be underfunded and result in a major financial crisis. A company with a vision to solve this world-wide pension deficit problem is Akropolis.
TokenThe Akropolis (AKT) platform will initially be launched on Ethereum with the ultimate goal of becoming blockchain agnostic. Akropolis users will have complete control over their pensions without the need for a third-party. Individuals may allow various Akropolis platform parties to access some or all of their private data and receive AKT tokens as a reward. These tokens will subsequently be added to the individual’s pension.
Risks Akropolis is the first to attempt bridging pension funds to the blockchain. Because it is so complex and there are various global regulations, compliance will have to be solid from day one. -2
A product like this requires a lot more than just a prototype to convince individuals to trust their retirement pension funds. Mass adoption may be an issue. -0.5
Large companies such as Vanguard and Fidelity are not just going to sit and allow a new company to take away their business. This may lead to larger companies lowering fees, which would make it more attractive to stay than to try a new platform. -0.5
Growth Potential Akropolis has a hard cap of $25 million, which is somewhat low in this current ICO market. ICOs are starting to regain traction and are rebounding as money flows back into the market. +4
The team has a lot of very experienced executives and members that have the qualifications to overcome complex pension fund issues. +3
Akropolis is in talks with large companies for partnership and will announce those partnerships after agreements have been confirmed. +3
DispositionAkropolis is taking on a very complex industry head first, making pensions more accessible and simple for people around the world. With a somewhat low market cap and favorable timing, Akropolis, in my opinion, can reach a $50 million market cap in a couple of months, which would double your initial investment. Akropolis receives a
7 out of 10 rating.
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