Adel coin Planned for Trading on the Ethereum Blockchain

Adel has announced plans to transfer its digital coin from the Nxt platform (www.nxt.org) to Ethereum. The principle motivation behind the transfer is to enable the new Adel Ethereum coin to trade on a wider range of exchanges, increasing trading volume, and continue to raise the profile of Adel as a Blockchain agnostic incubator.

Existing Adel coins held in NXT wallets will still be used as transactional currency until they are swapped 1:1 to ERC20 compliant coins traded on the Ethereum blockchain. Adel will continue to use the robust and innovative technology of Nxt for many functions, such as the planned profit participation token Adelshares (ADS). This token will be created on Jelurida’s Ardor platform as a child-chain asset.

Gabriel Dusil, Co-Founder of Adel: “We are very excited by the potential opportunities Ethereum offers Adel, particularly in broadening our reach to a much wider crypto community. We remain Blockchain agnostic and will continue to use the Nxt platform for many functions. However operating on the Ethereum platform will by definition, increase our exposure to new stakeholders who will potentially join as members to the Adel community. “