Categories: Bitcoin Business

Adel – Why Fintech Incubator Launches ICO

Click here to view original web page at cointelegraph.com

Adel, a global cryptocurrency, community-based project funded platform, is aiming to create a decentralized and self-sustaining macroeconomic ecosystem for Blockchain innovation. As a self-regulating Blockchain startup incubator, which functions with the Adelphoi token, its goal is to become a global leader in community-based crowdfunding exercise, which it's currently undergoing through its own Initial Coin Offering (ICO), which began in March.

Aimed at supporting and funding the development of Blockchain projects, Adel will utilize an ecosystem based on the Nxt community platform. After researching the digital currency market, Adel chose Nxt's Blockchain-as-a-Service (BaaS) platform due to the features it presents that Adel can employ for its community. Adel will also use Nxt's Ardor, which has further features that Adel will use for its project portfolio.

Three phases of the Adel ecosystem

According to one of Adel's white papers, its ecosystem is relatively independent of governments, international or domestic politics in addition to fiat economies. By leveraging Nxt and Ardor's Blockchain technology, the Adel ecosystem has been created to introduce the latest security features while adopting best practices in business services. By building a company on top of the Blockchain technology, Adel aims to demonstrate innovation that is both sustainable and profitable for various industries such as IT, banking (fintech), insurance, humanitarian and healthcare initiatives.

In order to achieve this, there are three phases to the Adel ecosystem. Phase one is to create a community portion of the ecosystem by creating the Account Module of the community portal and includes the first ICO round. Upon the completion of the first ICO, phase two will commence, which will focus on the development of the community portal. This includes the forum, voting, project dashboard and trading modules. Phase three deals with the operation and management of the projects, which facilitates their movements into successful solutions.

Created to provide a trusted, community-driven platform that promotes Blockchain innovation, Adel aims to fill a gap in the market that serves investors by connecting venture capital with social media, providing a decentralized alternative to traditional venture capital funding and angel investments.

Members and submitting projects

When it comes to how participation takes place, those who invest more than one Bitcoin in the ICO will be invited to the Adel community and known as members. It is within this community that members have complete voting power based on their ICO contribution.

However, instead of harming the Adel community, it's thought that membership will provide stakeholders with a level of exclusivity giving them access to information that is not readily available to the general public. For instance a project's status, that protects stakeholders and the projects that interest them.

When a community member submits their project idea, they become an Innovator. The Board essentially acts as the community's overseer to make sure that all projects submitted by the innovator adhere to ethical, legal and moral guidelines. Once approved, then it is the responsibility of the Innovator to work with the Project Review Committee and the community to ensure they have a complete business plan. The collective intelligence and participation from a diverse community with different business, cultural, and regional backgrounds, will help to solidify the project plan and establish the foundations for successful project execution.

Once an Innovator's business plan is nearing completion, it then goes to a community vote. If the community agrees by a majority, it then becomes a Community Innovator Project.

If, however, it fails to receive a majority vote, then the minority members who liked the project could join together and raise the capital for the project. In this case, it becomes a Group Innovator Project.

Adelphoi Coin

Across three ICOs, Adel intends to release a total of 100 million non-mineable Adelphoi (ADL) units with the first ICO already underway, releasing the first 33,333,333 ADL coins. It's due to end May 31. The current bonus round is 15 percent, meaning that participants receive 15 percent more ADL in their wallet at the end of the ICO, if they contribute before May 11th. On May 12th the bonus will reduce to 10 percent and then to five percent on May 19th. More ADL coins also mean a proportional increase in voting power.

Only members who have contributed more than one Bitcoin will be invited to the community and after the ICO the minimum to join the community will increase to two Bitcoins. At the end of the ICO, the value of Adelphoi will be established, which will be based on the amount of Bitcoin contributions from stakeholders.

Importantly, though, it is the vote from Adel's members who will be the deciding factor as to which projects get launched. By basing its foundation on Nxt and Ardor features, the Adel ecosystem can develop projects that are effective for the community, taking full advantage of the Blockchain features as they evolve.

Adel is the first Blockchain ICO to offer this type of incubator for Blockchain innovation. On this basis alone, Adel’s Ecosystem vision and ambitions make it the most overlooked ICO at the moment. They offer a unique platform that offers idea creation, job opportunities and a learning platform for entrepreneurs who want to build great projects. They are also the first ICO to be AML/CTF/KYC compliant. Thus opening their doors to mainstream investors who see the cutting-edge opportunities that Blockchain can have for the future of the world and invest in a project that could potentially change the world.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Terrorists are turning to Bitcoin for funding, and they’re learning fast

Representational image of Bitcoin. (File: Bloomberg) By Nathaniel Popper Hamas, the militant Palestinian group, has been designated a terrorist organization… Read More

26 mins ago

Latest Faketoshi says he conveniently ‘lost the hard drive’ containing billions in Bitcoin

Just yesterday we told you how there was a new Faketoshi in town, staking a questionable claim to the Bitcoin… Read More

26 mins ago

Study Suggests Scarcity Could Drive Bitcoin Prices to $60,000 by May 2020

Share Tweet Send Share Bitcoin price predictions have been coming thick and fast in recent months as the world’s top… Read More

26 mins ago

“Bitcoin will never hit 50k” says crypto skeptic Peter Schiff

For a man that wants nothing to do with Bitcoin , economist and Euro Pacific Capital CEO Peter Schiff never… Read More

26 mins ago

Casa Releases Node Monitor Service to Improve Bitcoin Network Health

Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor… Read More

27 mins ago

ETC/ETH Technical Analysis: Ethereum Classic breaks higher

Ethereum Classic vs Ethereum: Classic is making a comeback today An important price level has been broken 0.037673 looks to… Read More

27 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More