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Adel to Launch ICO in May
Adel is set to launch a month-long ICO which opens on 1st May, 2017. The Adel ecosystem consists of stakeholders, registered community members, staff, a Project Review Committee, and the Adel Board. Their vision is to create an ecosystem of innovative projects where members can participate in submitting ideas, building business plans, and successfully deploying projects. Adel offers a decentralized alternative to traditional seed funding and angel investments by combining social media with venture capital.
Co-founder and Board member, Gabriel Dusil comments: We’re dedicated to delivering a secure and trustworthy platform for community members so they can safely participate in innovative projects using any blockchain platform. Our mission is to create a strong corporate foundation that accelerates startups, through a synergy between people, technology and process.
Adel is a global community that is self-sustained, and offers its own economic ecosystem using the Adelphoi (ADL) cryptocurrency coin. Adel is built on Nxt and Ardor. Startups will be decided by the Adel community after a review by the Board and the Project Review Committee. Successful ventures will be developed and issued as rewards to Adel’s stakeholders, and backed by a future legal entity that will establish the Adelshare (ADS) equity token. Throughout the deployment stage, returns from projects are redistributed to stakeholders using the ADL coin. Members can introduce use cases on any blockchain platform, including Nxt, Ardor, Ethereum, Ethereum Classic, Waves, Lisk, NEM, Stratis, and Byteball, among others.
Jan Lamser, Co-founder and Board member adds: Adel offers a decentralised alternative to current funding models. Our incubator structure provides both financing and management expertise from blockchain and business experts around the world. The role of the Adel Board, alongside the Project Review Committee, is guiding and curating the activities of the community and ensuring a unique and regulated environment for fundraising and investment.
Across three rounds of ICO, 100 million Adelphoi (ADL) will be issued. The first round beginning May 1st, 2017 will release 33 333 333 ADL. Participants will be able to trade their ADL coins on external exchanges after the ICO, or purchase ADL during the second and third ICO, based on coin’s market value. Each ICO round will provide seed funding for a series of new projects. Adel will launch their first Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) compliant ICO on May 1st, in order to protect the contributions from all participants.
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