Adel has announced its plan today for a month-long ICO which will open on 1‘st March, 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, “We’re lucky to have this opportunity to introduce Adel to the evolution of blockchain technology. Our research team has identified an exciting untapped market opportunity: providing parties interested in innovation with a community-based infrastructure to participate in long-term projects. By leveraging the emergence of blockchain as a service (BaaS), we created the Adel ecosystem so that participants have a collaborative platform to initiate, develop, showcase and fund their innovations.”
Adel is a global community that is self-regulated, self-sustained, and offers its own economic ecosystem using the Adelphoi cryptocurrency token. Adel is built on Nxt, the leading decentralized blockchain as a service platform, and Ardor, which is the next evolution of Nxt’s technology. Participation in startups will be decided by the Adel community, while successful ventures will be developed and issued as rewards to Adel’s stakeholders. The community and stakeholders will have the opportunity to introduce use cases that involve blockchain technology.
Jan Lamser, Co-founder and Board member adds, “We are very excited by the prospects of blockchain technology transforming many industries. The momentum created in distributed ledger solutions is impressive. There is a lot of energy and diversity amongst entrepreneurs in the FinTech industry who are looking for ways to harness blockchains. All too often, traditional approaches to mobilizing resources miss out on the potential of startups. Adel provides a forum of like-minded parties who understand these needs.”
High levels of integrity, ethics, compliance, and security are of the utmost concern for Adel’s founders. Ultimately, it is the collective vote of Adel’s members that decide which projects are launched and supported. Served by a staff of 18 people and still growing, Adel will empower the community and its members. Their mandate is to evaluate startups and provide guidance to the community.