The Adel ICO is now live

The Adel ICO is live

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The long awaited crowd sale of Adelphoi tokens is without a doubt one of the best prepared and promising current Initial Coin Offerings out there, launched with an impressive amount of documentation in the form of several White Papersdetailed project’s proposals, informational videos, and Frequently Asked Questions, all released on the project website, https://adelphoi.ioover the past few months.

ADL

Up for sale are 28,333,333 Adelphoi tokens (ADL) out of 33,333,333 ADL released in this first ICO round (5M is to be allocated to the Adel team). The value of an ADL coin will be calculated at the end of the ICO based on the value of the BTC (and altcoins) collected.

ADL is the cryptocurrency to be used inside the Adel economic ecosystem. Adel members can introduce use cases on any blockchain platform, including Nxt, Ardor, Ethereum, Ethereum Classic, Waves, Lisk, NEM, Stratis, and Byteball, among others. Throughout the deployment stage, returns from projects are redistributed to stakeholders using the ADL coin.

Soon after this ICO ends, participants will be able to trade their ADL. Coordination with centralized exchanges will happen during the ICO, and "the attention brought on by the ICO will be leveraged", says Travin Keith, Adel's marketing consultant. The ADL currency will also be tradeable on the Nxt Asset Exchange right away after it is distributed.

Across three rounds of ICO, a total of 100 million Adelphoi (ADL) will be released to the market.

What is ADEL?

Adel is a blockchain agnostic startup accelerator, powered by Nxt technology and with a global community aimed at developing, supporting and funding innovative startups using blockchain technology.

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.

Startups will be decided by the Adel community after a review by the Adel Board and the Adel 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.

After the first ICO phase, Adel will introduce the Adelshare (ADS), a token which will represent a member’s equity stake in Adel projects. Participants can buy these shares using their Adelphoi (ADL).

Organisation

The Adel Board is:

Jan Lamser - Legal & Operations
Gabriel DusilMarketing & Strategy
Michal Vavrek - Research & Development (R&D)

Jan Lamser, Co-founder and Board member, states:

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. Our incubator structure provides both financing and management expertise from blockchain and business experts around the world.

Soon after the end of this 1st ICO round, the members of ADEL’s Project Review Committee (PRC) will be announced. The PRC will guide and help the Adel R&D team and innovators, evaluate and approve projects, as well as participate on forums to discuss the projects with the community. 

Adel will comply with legal requirements relating to cryptocurrency exchange, governance, trading, and taxes. Adel will ensure regulatory compliance and the satisfaction of legal requirements in all markets where Adel operate. Therefore, any projects that do not meet these requirements will not be approved. This ensures the integrity of the Adel ecosystem while also protecting the integrity of each member in the community. 

Use of the ICO funds

30% will be allocated for Adel operations.
70% will be used to fund projects launched on Adel.

ICO

Bonuses

The bonus refers to the amount of ADL the participant in the Adelphoi ICO will receive:

20% bonus

▲  First 3 days  ▲
12:00 (noon) UTC on May 1st till 23:59 UTC on May 3rd


15% bonus

Next seven days
 00:00 UTC on May 4th till 23:59 UTC on May 10th


10% bonus

Next seven days
 00:00 UTC on May 11 th till 23:59 UTC on May 17th


5% bonus

Next seven days
 00:00 UTC on May 18th till 23:59 UTC on May 24th


0% bonus

 Last seven days
 00:00 UTC on May 25th till 23:59 UTC on May 31st


The 1 BTC threshold

Only members who have contributed over 1 BTC will be invited to the community, and only those in the community will be able to purchase Adel company shares (ADS), once the legal entity and license are established.

After the first (ongoing) ICO the minimum to join the community will be increased to 2 BTC (in equivalent ADL).


Carry-over Bonus

With the exception of the first three days’ bonus, which entitles a carry-over bonus of only 15%, participants maintain the same bonus if they decide to increase their contribution in the following weeks of the ICO, provided the sum of their initial contributions in a given stage is over 1 BTC.

Participants contributing over 20 BTC will receive a bonus of 15% no matter when they submitted their first contribution.


Escrow

During the ICO round, the raised cryptocurrency is immediately placed into the 5 out of 6 multi-signature escrow account provided by BitGo.

30% of the BTC escrow funds will be released shortly after the ICO (1st of June 2017) to Adel Ecosystem Limited to continue paying developers, legal services, and support costs.

The remaining 70% of the BTC escrow funds will be released to Adel Ecosystem Limited after the investment structure of Adel’s second phase is established.


If Adel Ecosystem Limited does not raise over 900 BTC in the first ICO round (the minimum threshold), then community members will vote if Adel continues or if the remaining funds are returned to the ICO participants.

Adel ICO will begin on May 1 – and be legally compliant

Since the public announcement of Adel on December 06, 2o16, the team behind has been working hard informing people about the project, getting mentions in the media, publishing whitepapers, and even shared their first two Project Proposals by the R&D team.

The Adelphoi token ICO was planned to be kicked off on March 1st, but today, in a press release, Adel’s press contact John McLeod broke the news that the Adel R&D Team has chosen to postpone it for 2 months to get time to first establish a proper legal structure for Adel.

This means that Adel may very well become the first legally compliant ICO. Distributed ledger technology is a new and dynamic sector that is evolving quickly. By establishing a limited liability company in the Isle of Man, along with AML/CTF compliance, Adel makes sure that the Adel community can maintain a secure and long-term viable incubator for blockchain technology innovation. Adel Ecosystem Ltd. will be able to protect both members and address future regulatory requirements as they are introduced.

To me, as potential investor, this is good news, worth a 2 months delay.
Others may disagree and can air their counter opinions in the comments field.

But, we all know it. If cryptocurrency technologies and blockchain ICO’s are to ever gain mainstream adoption, there’s no other way but to leave the grey zone behind, legally register, and comply with all regulatory and legal requirements including KYC/AML policies. I wish Adel good luck with that – many eyes will undoubtedly be on them.

I’m also sure that some hardcore anons and privacy advocates will refrain from investing in Adel due to this, and will stick to other more anonymous investment opportunities on the blockchain. For a project like Adel, this is the only right thing to do. Their mission and visions are simply too big to be accomplished in any other way.

Gabriel Dusil, Co-founder and board member of Adel:

Adel’s vision is to create a decentralized, self-regulated and self-sustaining macroeconomic ecosystem for blockchain innovation with a mission to be a global leader in community-based funding. Adel’s value is in the core principles of its ecosystem. This ecosystem promotes the use of blockchain technology, creating innovative solutions for various industries. By leveraging the expertise of the Board, R&D team, and its community members, Adel establishes a supportive and collaborative environment for state-of-the-art projects.

Travin Keith, member of Nxt Foundation, and Marketing Manager of Adel:

Adel is trying to solve the lack of a platform for blockchain projects that doesn’t just help with launching the project with funds, but also provides support and guidance throughout the whole life of a project. Adel also aims to actively engage its community members in the projects and can also connect the projects with VCs for further funding if necessary.

The Adelphoi token will be initially launched on Nxt’s Asset Exchange and it will act as the fuel for proper operation of Adel. Adel will work with other blockchain solutions as well if they are needed for the projects.


Adel Press Announcement

Adel establishes LLC in the Isle of Man

  • Adel establishes a transparent legal structure
  • One of the first ICOs to comply with Anti-Money Laundering and Counter-Terrorism Financing legislation (AML/CTF)
  • Preparation of the new legal structure will delay the ICO to 1st May

Adel, a community-powered startup incubator focusing on blockchain technology, (https://www.adelphoi.io/) has decided to create a separate limited liability company called Adel Ecosystem Ltd. in the Isle of Man in order to establish a clear legal structure for Adel Services and the Adel community. The decision was made to set up a clear legal and tax regime in connection with crowdfunding that will fuel blockchain innovation.

The new legal entity will be registered as a designated business with the Isle of Man Financial Services Authority. As such, the entity will follow AML/CTF rules stemming from the Anti-Money Laundering and Countering the Financing of Terrorism Code 2015. Part of its compliance will include the implementation of customer due diligence, also known as the Know Your Customer (KYC) process. Therefore, participants in crowdfunding will have their contributions protected from any fraudulent activities by anonymous investors.

Gabriel Dusil, Co-Founder and Board member at Adel: We are very excited to be the first ICO to comply with Anti-Money Laundering and Counter-Terrorism Financing regulations. As distributed ledger technology becomes more accepted by mainstream investors, we hope the legal structure and protection offered by Adel will act as a template for future ICOs. It is our top priority to protect the contributions of our members, protect our staff, and establish a strong brand.

Gabriel further adds: These are positive steps towards maintaining a long-term and stable incubator for blockchain technology, and for legitimizing our ecosystem. Our stance on regulatory compliance will also open our ICO to a much wider audience of interested contributors.

Media Contact:

John McLeod
Founder, JEA Associates Ltd
Tel: +44 7886920436

jeaassociates.com/

▲ Adel is a global cryptocurrency community that is self-regulated, self-sustained, and offers its own economic ecosystem as a community-powered startup incubator via the Adelphoi token. Our community focuses on creating, developing, and implementing use cases involving blockchain technology that covers a wide range of digital and physical industries.

▲ Creating Opportunities for Blockchain Innovation.