Fuelling Innovation in a Fundraising Ecosystem Adel to Launch ICO in May

Adel is set to launch a month-long ICO which will open on the 1 st of May, 2017. The Adel ecosystem consists of stakeholders, registered community members, staff, the Project Review Committee, and the Adel Board. Their vision is to create an ecosystem of innovative projects where members can participate in, mentor, and improve project plans. Adel offers a decentralized alternative to traditional venture capital funding, angel investments, and other established financial sources.

Co-founder and Board member Gabriel Dusil comments, “At Adel, we’re dedicated to delivering a secure and trustworthy platform for community members so they can safely participate in blockchain project creation and innovation. It’s important that the actions we take as leaders of the community support those goals.”

Adel is a global community that is self-sustained and offers its own economic ecosystem using the Adelphoi cryptocurrency coin. Adel is built on Nxt, the leading decentralized blockchain as a service platform, and will transfer to Ardor, which uses Nxt blockchain technology, while allowing projects to have their own blockchain supported by the network. Participation in startups will be decided by the Adel community. Successful ventures will be developed and issued as rewards to Adel’s stakeholders and then backed by a future legal entity that will encompass the Adelshare (ADS) equity token. Throughout the deployment stage, success from projects is redistributed to the stakeholders via the ADL coin. The community and stakeholders will have the opportunity to introduce use cases that involve blockchain technology.

Jan Lamser, Co-founder and Board member adds, “Adel offers a decentralized alternative to current funding models. Its incubator structure provides both financing and management expertise from blockchain experts around the world. The role of the Adel board in guiding and curating the activities of the community alongside the Project Review Committee ensures a unique, regulated environment for fundraising and investment.”

One hundred million Adelphoi (ADL) will be issued during three rounds of ICO. The first round, to be held on May 1, 2017, will release 33, 333, 333 ADL to the community. The interested parties will be able to purchase ADL during the second and third ICO rounds, based on the market value of the coin. Each ICO round will allow for the introduction of new projects to the Adel portfolio. Adel will launch the first AML/CTF compliant ICO in May. This will guarantee the safety of investors’ funds from any potential fraudulent activity by anonymous investors.