Adel ▲ Motion Graphics ▲ Infographics

Adel has released its third motion graphic video, showcasing a selection of our infographics. We have also published several white papers on our website outlining our vision for a community-based incubator for blockchain innovation. Join our Initial Coin Offering (ICO) on the 1st of May 2017, and participate in the creation and ownership of cutting-edge blockchain solutions that will change the world.

Checkout our website at www.adelphoi.io, and our other videos in the “Why Us” section.

 

Home - Signature, Gabriel Dusil ('12, shadow, teal)

Gabriel Dusil
Co-Founder & Board member, Adel

Adel ▲ White Paper ▲ Maintaining Integrity

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▲ Identity Series

By: Gabriel Dusil, Co-founder & Board Member, Adel
Travin Keith, Marketing & Blockchain Advisor, Adel

Manifesto

Adel

A Community-based Funding Platform

Adel is guided by a transparent and open economy. This ideology gives control back to the community and allows for any member to audit, scrutinize, and improve the ecosystem. This economy protects against negligent behavior as transactions, decisions, and the lifecycle management of projects are visible to and auditable by the entire community.

Adel believes in the future of cryptocurrency and blockchain technology. We believe in connecting this technology to projects both inside and outside the digital world. Our goal is to increase and sustain the value of cryptocurrencies by deriving value from the ownership and management of businesses and projects. This will be achieved by creating a secure platform where projects can be proposed, evaluated, and approved by community members. These projects will take the form of technology projects, blockchain innovation, or cutting-edge businesses. Adel’s projects will create opportunities for employment, participation, and innovation. Project teams within the community will work together to sustain the value of Adelphoi through profitable projects that benefit all members within the community.

The State is the People & the People are the State

This white paper outlines the principles of a community-based ecosystem and how this can be sustainable and profitable using cryptocurrencies as its foundation.

As a self-regulating and self-sustaining macroeconomic ecosystem, Adel will utilize the benefits of a decentralized technology and community. The decision-making process will capitalize on the community’s knowledge to collectively make the best decisions possible while maintaining strong integrity, ethics, and business principles as overseen by the Adel Board. In this ecosystem, the Adel Board will act in an advisory role, providing services that protect and care for its community, while enforcing the rules that protect the Adel brand and the integrity of its blockchain. The ecosystem will be self-sustaining and efficient in economic terms. Leaders will be appointed in a way that maximizes resources, i.e. with the highest level of expertise, integrity, and due diligence. Profits will either be reinvested or paid back to community members, thus enhancing the economy and providing incremental value to its community. Socialization and collective responsibility are basic principles that will help stimulate success.

Nxt

After extensive research which included the evaluation of different cryptocurrencies and blockchain technology platforms, Adel decided to build on the Nxt platform – a blockchain with features that expand the functionality of pioneering cryptocurrencies such as Bitcoin. These features include Shuffling, Voting, Aliases, and Phasing. The source code for Nxt has also been publicly disclosed, optimized, and perfected using (among other techniques) the Error Propagation Method, where the investigation and awarded discovery of deliberately inserted errors serves to help audit the source code itself.

Adel will move to Ardor, the multi-chain development of Nxt, in late 2017. Like Nxt, Ardor will have features that enhance the functionality of blockchain technology, making it an ideal platform for future projects.  The Ardor child chain architecture will allow for the easy creation of a dependent blockchain that will be connected to and secured by the main Ardor blockchain. Ardor also solves scalability issues with a pruning feature so that future nodes will only download and keep transaction records on the main chain, as well as child chain transactions from the past 24 hours. However, it is still possible for child chain transactions to be kept, if so desired, with the use of an archival node that keeps all of the transaction records. This scalability is one of the ‘Holy Grails’ of cryptocurrency and blockchain development.

Nxt has already revolutionized the world of blockchain technology platforms by providing groundbreaking cryptocurrency features, as well as a powerful, modular toolset to build innovative business opportunities. All of Nxt’s functionality will be present in the Ardor platform, in addition to the advanced features (such as global scalability) that the Ardor multi-chain architecture will provide.

Philosophy

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Decentralized

Our code is global, so it applies to all levels of management and all geographic locations. We expect partners who are acting on our behalf to also adhere to equally high standards. We will continue to seek out business partners that share our beliefs. In addition, the Adel Board has a special responsibility to lead with integrity in ways that reflect positively on Adel’s overall project.

  • International ▲ Adel is a decentralized global ecosystem, proudly employing staff and serving customers all over the world. Our Code of Conduct applies to all of Adel. It embraces diversity and respects cultural differences.
  • Community ▲ All community members must follow our policies and ethical principles as soon as they accept our Community Code upon registration.

Transparent

We value openness and transparency. We keep our commitments to each other, our community, and our partners. Our Code of Conduct is signed by all members of the Adel staff. This code outlines the policies of Adel and includes our ethical principles.

Trusted

Adel will endeavor to programmatically minimize or otherwise remove the possibility of individuals manipulating the voting module to their advantage and compromising the integrity of the Adel community and its projects.

  • Trust is not Assumed ▲ The community will be able to audit the platform and projects, as well as create applications that can programmatically audit activities.
  • Restrictions ▲ The Adel Board and staff cannot vote on projects. Once a project has been approved by the Project Review Committee, only the community can vote on its approval. This is to remove any bias of the Adel staff from the community vote.
  • Safeguards ▲ To avoid voting manipulation, voting results will only be available after the voting deadline. In addition, voting weight will be established at the time of the voting deadline. This way, voters trading their Adelphoi during the voting window will not have any voting influence since their vote will only be weighted at the date and time of when the voting window has closed. Also, it will not limit new community members who have joined during the voting window and wish to vote on a specific project.
  • Blacklist ▲ A blacklist of community members will be established. In cases of suspected fraud or manipulation of the voting system, those community members will be added to the blacklist, resulting in future voting restrictions and other limitations in community activities. Arbitration procedures will be established for those that dispute their addition to the blacklist.

Efficient

The following guidelines represent Adel’s philosophy regarding the operation of its community and projects. This philosophy ensures consistency of thought across the Adel ecosystem, as well as within the wider blockchain ideology and principles.

  • Mitigating the Need for Trusted Third Parties ▲ Adel will provide a platform that can be auditable by anyone who is a community member. In environments such as healthcare, insurance, IT security, banking, and others where user data is concerned, some data protection, and privacy compliance will be necessary. For these projects, encryption, data anonymization, and other technical solutions will be utilized to meet regulatory requirements.
  • Mitigating Intermediaries ▲ Adel supports minimum transaction fees as part of the Ardor platform architecture. Adel will minimize the need for “middle men” in order to simplify the platform architecture where possible and minimize unnecessary transaction fees or skimming

Open Source

Where possible, systems will be free of proprietary solutions such as patents and other forms of intellectual property protection. The overall business processes and structures will be transparent to community members. The core Adel code will be available under an open source license.

Distributed

Control will remain with the community and not a governing power. The Adel Board will only act as a regulatory body by providing leadership and filtering projects that violate Adel’s Code of Conduct. Adel’s Project Review Committee (PRC) will also provide guidance, options and suggestions, but the final decision will be made by the community. The PRC will also evaluate and approve projects, as well as participate in forums to discuss projects with the community.

  • Mitigating Centralized Control ▲ Adel will have a decentralized organization and platform of voting, project submission and project execution.
  • Mitigating Single Point of Failures ▲ Adel supports a distributed system architecture with high availability and redundancy where a Cost versus Risk balance is justifiable. As Adel will run on the Nxt blockchain, all of the information pertaining to Adel will be completely secure. A blockchain has a massive amount of redundancy as one of its key traits, thus eliminating the need for an external backup system.

Private

Adel will be designed from the ground up to prevent external parties from collusion, fraud, extortion, or the manipulation of Adel and its community. Adel will continue to protect its community from activities that violate its Code of Conduct.

  • Mitigating Violation of Privacy ▲ The Adel community, as well as users participating in its projects, can be anonymous if desired, depending on their level of involvement.

Principled

We use our values and ethical principles as decision filters to guide our behavior. We will turn down any business that is illegal, unethical or otherwise violates our philosophy.

  • Partnerships ▲ We expect all of our business partners to hold themselves to an equally high standard. We choose partnerships that share our values and high standards regarding legal and ethical business practices. We won’t let anyone damage our reputation or our brand by acting illegally or unethically in Adel’s name.

Ethical

Integrity is one of Adel’s most important values. At Adel, we are dedicated to delivering a secure and trustworthy platform for community members so they can safely participate in the ecosystem. It’s important that the actions we take as leaders of the community deliver on that goal. Adel’s staff will contribute their time and expertise to continually manage and improve the ecosystem.

Adel is committed to helping our community succeed by operating legally and ethically in accordance with any applicable laws and regulations. Adel believes that in adhering to these principles we not only protect the Adel brand, community, and its members, but also serve to protect the integrity of blockchain as a brand, and the innovative projects that will be introduced to society.

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is self-regulated, self-sustained and offers its own economic ecosystem with 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. Projects are chosen by the community and successful ventures are either re-invested in for further growth or issued as rewards to Adel’s stakeholders.

About the Authors

Gabriel Dusil

Gabriel is a seasoned sales and marketing expert with over twenty years of experience in senior level positions at companies such as Motorola, VeriSign (part of Symantec), and SecureWorks (part of Dell). His strengths lie in international business development and strategic partnerships, as well as the unique ability to translate complex ideas and technologies into language that decision makers can easily understand. Gabriel has a Bachelor’s degree in Engineering Physics from McMaster University in Canada and possesses expert knowledge in cloud computing, IT security, and video streaming technologies (Over the Top Content, OTT). Gabriel also runs his own company, Euro Tech Startups s.r.o., and manages two blogs: https://dusil.com/ and https://gabrieldusil.com/.

Travin Keith

Travin is a seasoned marketer who specializes in web and international marketing. He has worked with over a hundred businesses around the world spanning a wide range of industries. Since 2013, Travin has been involved with cryptocurrencies as a trader, investor, marketer, and community member. He joined the Nxt Foundation as a board member in 2016, serving as a marketer and primary contact to the Hyperledger Project.

Adel ▲ White Paper ▲ Differentiation In the FinTech Revolution

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▲ Identity Series

By: Travin Keith, Marketing Manager, Adel
Gabriel Dusil, Co-founder & Board Member, Adel

Market Overview

In this paper we will discuss some of the existing cryptocurrencies available today, provide an overview of the marketplace, and establish how Adel is positioned within these contexts. Nxt is the platform that Adel will use for their digital marketplace. Adel will migrate to Ardor, the multi-chain development of Nxt, once it is deemed suitable.

Blockchain 1.0

The first iteration of blockchain was invented by Satoshi Nakamoto in 2008 and simultaneously introduced the first application of this technology with Bitcoin, a token intended to be used as a form of currency.

  • Bitcoin Bitcoin continues to maintain its position as cryptocurrency’s most popular coin despite a number of new tokens which have entered the industry. This is largely due to its status as the first genuinely decentralized cryptocurrency, as well as the first mover advantage it had. After its coverage in mainstream media, numerous 3rd party systems emerged to utilize its underlying blockchain technology for purposes beyond a form of currency.
  • Litecoin[1] In addition to the faster average transaction time of 2.5 minutes (compared to Bitcoin’s average time of 10 minutes), Litecoin uses the Scrypt algorithm[2] instead of the SHA-2 hash[3], thus allowing memory resources to be valued over processing power. As a result, readily available Graphic Processor Units (GPUs) are used for mining rather than the significantly more expensive Application-Specific Integrated Circuits (ASICs)[4] used by Bitcoin miners, and are resistant to these customized processors being created specifically for Litecoin. Aside from this difference, Litecoin is very much a copy of Bitcoin, though, as its name suggests, it represents a lighter version.

Blockchain 2.0

These platforms came into focus around 2013 with the launch of Nxt[5] which used blockchain technology for various applications beyond having its native token serve as a form of currency. While the tokens themselves are also traded on exchanges, they are not intended to be used as a form of currency outside the network.

  • Ethereum[6] Promoted as a “World Computer” and designed as such, Ethereum intended their token to be used within their blockchain as a form of payment for processing. By enabling Smart Contracts (essentially a protocol that allows the execution of a command when certain conditions are met) Ethereum turned the entire blockchain into a computer as users were now able to put these transactions into the blockchain itself. These Smart Contracts use Solidity[7], a programming/scripting language created specifically for Ethereum.
  • LISK[8] This platform promotes decentralized applications and side chains while using JavaScript as its development platform. LISK focuses on providing developers a platform to build, publish, distribute and monetize applications. Projects are suggested and voted on by the community.
  • Ripple[9] Ripple focuses heavily on the world of FinTech by having their system used by banks around the world for cross-border payments. They are currently working with large banks to provide customers with international transfers at a lower cost.

Adel Differentiation

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In our white paper entitled “Creating Value with Cryptocurrency”, we reviewed the value of Adelphoi as a token within the Adel ecosystem and outlined similarities in the ways which other projects on Blockchain 2.0 platforms work. There are, however, a few key differentiators that set Adel apart from existing platforms. Those are:

  • Nxt & Ardor▲ Adel is built on the Nxt platform which has numerous features that will be extended to the Adel ecosystem. It will move to the Ardor platform, a separate blockchain created by Jelurida (a corporation of Nxt’s core developers), once it is deemed suitable. This provides projects with a wide range of features that have been thoroughly tested. The platform also utilizes templated smart contracts, known as smart transactions, in order to bring greater levels of security. Implementations of these and other features include phased transactions (i.e. multi-signatory authorization), assets that can represent either digital or physical products, decentralized voting, decentralized trading through asset exchange, and shuffling, otherwise known as mixing, which can be used to increase anonymity levels. The core developers of Nxt have been working on these features since its introduction in 2013. With this foundation of advanced blockchain features, the Adel ecosystem can focus on project development, best-in-class business practices, and an efficient and self-sustaining community. Adel will continue to capitalize on the features of Nxt and Ardor as both evolve. Other blockchain platforms can only be used if it is not possible or ideal to use the Nxt or Ardor platforms.
  • Board & Staff Support ▲ Adel will leverage the expertise of the board and staff. With a wide range of expertise both inside and outside of blockchain-related ventures, this team will act as public leaders for Adel, as well as actively contribute to its growth and development. Unlike other projects, the board and staff will be available for advice, consultation, and support to further the success of their projects before they are submitted to the community for voting, throughout the Project Review Committee process, and after the project has been launched. Innovator and Group projects will also benefit from the expertise of the Adel board and staff while maintaining their confidentiality.
  • Community & Participation ▲ Adel believes that a community-based ecosystem will be a strong differentiator in its funding platform. This follows the decentralized ideology of blockchain, while creating and maintaining efficiency in the decision making process. Community members also have the option to participate as expert advisors and employees of projects and will have priority before the general public. This enhances accountability and inclusiveness to the success and profitability of new businesses, applications, or inventions.
  • Integrity & Conduct ▲ The values established by Adel will help legitimize the ecosystem it represents. Adel’s Community Code will be adhered to equally by Adel’s leadership, staff and community members. This applies to, though is not limited to, forum participation, project submission and approvals, as well as the operation of the projects themselves. Adel will also follow local and regional laws and regulations in its community activities and projects.
  • Security & Stability ▲ With the security and stability of Nxt and Ardor, Adel will have a robust platform to work with on top of the latest security features. Our staff will continue to enhance the platform to mitigate against fraud, collusion, and manipulation. IT security experts in the Adel and Nxt/Ardor community will be continually consulted for their support in vetting the Adel platform, as well as to aid in minimizing new threats as they become visible to the development team. High availability, security, and stability will be built into the community portal where a cost versus risk balance justifies the investment in IT best practices.

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is self-regulated, self-sustained and offers its own economic ecosystem with 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. Projects are chosen by the community and successful ventures are either re-invested in for further growth or issued as rewards to Adel’s stakeholders.

About the Authors

Travin Keith

Travin is a seasoned marketer who specializes in web and international marketing. He has worked with over a hundred businesses around the world spanning a wide range of industries. Since 2013, Travin has been involved with cryptocurrencies as a trader, investor, marketer, and community member. He joined the Nxt Foundation as a board member in 2016, serving as a marketer and primary contact to the Hyperledger Project.

Gabriel Dusil

Gabriel is a seasoned sales and marketing expert with over twenty years of experience in senior level positions at companies such as Motorola, VeriSign (part of Symantec), and SecureWorks (part of Dell). His strengths lie in international business development and strategic partnerships, as well as the unique ability to translate complex ideas and technologies into language that decision makers can easily understand. Gabriel has a Bachelor’s degree in Engineering Physics from McMaster University in Canada and possesses expert knowledge in cloud computing, IT security, and video streaming technologies (Over the Top Content, OTT). Gabriel also runs his own company, Euro Tech Startups s.r.o., and manages two blogs: https://dusil.com/ and https://gabrieldusil.com/.

References

[1] Litecoin, https://litecoin.org

[2] Scrypt algorithm, https://en.wikipedia.org/wiki/Scrypt

[3] SHA-2, https://en.wikipedia.org/wiki/SHA-2

[4] Mining hardware comparison, https://en.bitcoin.it/wiki/Mining_hardware_comparison

[5] https://bitcointalk.org/index.php?topic=303898.0

[6] Ethereum, https://www.ethereum.org

[7] Solidity, https://solidity.readthedocs.io

[8] LISK, https://lisk.io

[9] Ripple, https://ripple.com

Adel ▲ White Paper ▲ Creating Value with Cryptocurrency

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▲ Identity Series

By: Gabriel Dusil, Co-founder & Board Member, Adel
Michal Vavrek, Founder & Board Member, Adel
Travin Keith, Marketing Manager, Adel

Ecosystem

This white paper outlines Adel’s advantages from three vantage points: a) Blockchain technology, b) the Nxt (and soon, Ardor) platforms on which Adel is built, and c) additional business processes Adel has introduced into its ecosystem to provide effective, community-based development and funding.

Legitimizing Cryptocurrency

Since the inception of Bitcoin in 2009 by Satoshi Nakamoto, there have been numerous developments into blockchain technology. Adel will further these developments by creating an ecosystem to promote the use of blockchain technology and create solutions in various industries. The ecosystem will leverage the expertise of the Adel Board, the R&D team, the Project Review Committee, and members of the community, while at the same time creating a supportive environment for innovative projects. Adel’s token, known as Adelphoi, will be used as a basis for distributing rewards from these projects. The success of these projects will thus directly influence the intrinsic value of Adelphoi.

All members of the Adel community will work for the benefit of the ecosystem. Projects have the potential to span profitable industries such as IT, banking (Financial Technology, FinTech), insurance and healthcare as well as supporting humanitarian initiatives. Participation in these projects will be possible by holding the Adelphoi token. Each project will thus create unique opportunities for community members through the creation of new business and employment opportunities.

Advantages ▲ Blockchain & Cryptocurrency

Bitcoin is a decentralized, distributed application that uses a public ledger – the blockchain – to store and transmit cryptographically secured tokens. Representation of wealth is recognized when both the sending and receiving parties mutually agree on this premise. The blockchain paradigm requires mandatory publication of the source code under established open source licenses. This has resulted in a vibrant community of developers who have created many variations of the original protocol, ranging from simple copies of the code to truly evolutionary improvements.

Blockchain v2.0: Utility Beyond Money

The widely-known blockchain evangelist, Andreas Antonopoulos, has likened Bitcoin to ‘money being the email of the blockchain’. He was comparing the invention of blockchain to the introduction of the internet in the early 1990s, when people could not differentiate the internet from its first application: email. Once a second application of the internet was introduced – the World Wide Web or WWW – it became clear that email and the HTTP protocol were applications that ran on top of the internet. Likewise, this explains the confusion of Bitcoin and cryptocurrencies in general to the blockchain, where currency is the first use case of blockchain technology. With this realization, there has been an emergence of innovative applications that plan on taking advantage of decentralized open ledgers, i.e. the blockchain.

There are several well-documented advantages related to using blockchain technologies for financial and administrative purposes. These advantages are listed below in order to demonstrate the unique suitability of emerging blockchain technologies for the administration of economic systems:

  • Resilience ▲ Blockchain technology has a high level of redundancy and high availability which is unrivaled in the corporate world. The computers that manage the Bitcoin blockchain are collectively over 43,000 times more powerful than the top 500 supercomputers on the planet combined[i]. One cannot feasibly compromise these networks without acquiring a large amount of computing power to compete with the rest of the network.
  • Mobility ▲ Cryptocurrency users do not need to carry credit or debit cards. All they need is access to their online wallet to initiate a transaction. However, cryptocurrency credit or debit cards are slowly becoming mainstream.
  • Privacy ▲ If a user wishes to remain anonymous, they can choose to be and are usually able to maintain their anonymity or pseudonimity. In fiat transfers, the sender’s and the recipient’s personal details are captured by all transfer intermediaries. These details can be used for invasive marketing purposes or more dangerous purposes such as ever more prolific identity theft.
  • Cryptographic Proof ▲ With blockchain technology, one does not rely on the trust of a third party. Thus, blockchain networks are usually called “trustless” systems. Preventing duplicate transactions or improperly generating coins is achieved through the use of an electronic payment system based on cryptographic proof and an open ledger which is auditable to anyone.
  • A Better Financial System ▲ Two and a half billion people on the planet do not have a bank account. Cryptocurrencies are perfect for extending financial services to remote locations and for helping to modernize developing countries by bringing them further into the global economy.
  • Serving Digital Society ▲ Blockchain has the potential for much more than just cryptocurrencies. New functionalities are being explored that utilize an open and auditable public ledger with the use of smart contracts, such as the Russian Central Securities Depository voting feature on the Nxt blockchain.
  • No Permissions ▲ No permission is needed to send or receive cryptocurrencies, whether this be from banks, intermediaries, governments, or other trusted third parties. The transfer of coins is agreed upon only between the sender and the recipient, and the owner has full control of his/her funds at all times. No authority can freeze a cryptocurrency account and seize its funds.
  • Lower Transaction Fees ▲ Credit card companies charge up to 3% per transaction, and in some cases even more. With some remittance systems, fees can be as high as 10% – 30% of the transferred amount. Cryptocurrency fees, if any, are several orders magnitude smaller.
  • Account Security ▲ Account control lies with the user via their private key. This private key can be kept offline (i.e. cold storage) for security purposes. Cold storage ensures that funds are not easily accessible to hackers.

Advantages ▲ Nxt & Ardor

Satoshi Nakamoto set out to create a decentralized digital currency that does not rely on centralized trust. He set out to programmatically remove the need for centralized trust by creating a decentralized and distributed ledger solution for monetary applications that prevents duplicate transactions and uses an open ledger that could be audited by anyone. Blockchain technologies are widely perceived as providing fiduciary integrity in the present macro-economic climate that is fraught with moral hazard, corruption, and systemic risks.

Since the launch of Bitcoin in 2009, several observations can be made with the benefit of hindsight: the blockchain is revolutionary in its design and has successfully proven its resilience in the goals it set out to achieve. However, weaknesses have surfaced in the services that complement Bitcoin. These services are mainly those that allow secure storage and trading of Bitcoin. These services have become susceptible to attacks from criminal individuals and organizations across the world who seek out flaws in the systems associated with the cryptocurrency with the goal of exploiting these weaknesses for their own benefit.

Since the launch of Bitcoin in 2009, significant developments have been made to the code. As of today, only around 15% of the code initially created by Satoshi remains in the core software. As is the nature of open source software, some developments have soon started outside Bitcoin, such as Litecoin and Namecoin. Eventually, as more attention was drawn to Bitcoin, especially due to the price spike to over $1000 in 2013, more clones were made. These new systems either proposed significant changes to the technology or just had minor adjustments as a clone of Bitcoin or another system. Nxt was also being created during this time. Unlike most of the platforms, Nxt was developed from scratch in Java, though it contained some of the same principles that Bitcoin introduced and built on them. The platform introduced a wide range of features to the wider community such as colored coins, later known as Assets, which can be created and transacted on top of the Nxt blockchain. This feature, along with many others, has made Nxt the pioneering platform of what is now called Blockchain 2.0. In 2017, Nxt’s core developers will be releasing Ardor, a blockchain platform that utilizes Nxt technology and allows users to create their own blockchains known as child chains, which are secured by the Ardor main chain.

Here we present the most salient features of the Nxt and, soon, Ardor platforms. This second-generation blockchain is utilized to implement different modules in the Adel ecosystem. A community that wishes to establish a viable economic ecosystem needs to address these issues and implement measures to mitigate risk. The following cutting-edge monetary and administrative features illustrate why the founders of Adel have chosen these platforms:

  • Proof of Stake ▲ This is a method used by Nxt (and subsequently by Ardor) to gain network consensus and prevent double spending.. In this system, the active node (a device running the Nxt client and actively contributing to the network by forging the next block, thereby processing the pending transactions and acquiring the transaction fees), is determined by assessing the NXT balances of all nodes actively forging and gives a higher chance to forge to those that own a larger amount of NXT (i.e. their stake in the network). In this manner, each unit of NXT is akin to that of a mining rig for the purposes of determining who mines the next block in a Proof of Work system, where a higher level of hashing power gives a greater chance of mining the next block and claim its rewards. Since the determining factor is the balance of NXT and not computing power, the amount of energy used by all forgers is much less than that of a Proof of Work system. This makes it possible to forge NXT even with a Raspberry Pi.
  • Phased Transactions ▲ With Nxt, a set of conditions can be set in order for transactions to execute. For example, one party can set up future transactions on the platform (i.e. set to execute at a particular time) which is perfect for enterprise workflow scenarios and scheduling future payments. Users can also choose to have transactions processed only when another transaction has occurred, or when approved by other accounts. This latter implementation is otherwise known as a multisignature, or multisig as multiple signatures.
  • Monetary System ▲ With Nxt, users can create their own currencies for their specific needs. This could be used for special events that give out event tokens to be used for redeeming certain products or services, or for online shops that give out special credits to be used within their store.
  • Decentralized Voting ▲ Decentralized polling for secure voting is possible with Nxt and will be used for various Adel projects, as well as for voting on the community itself.
  • Decentralized Marketplace ▲ While not directly implemented into the Adel ecosystem, the ability of the Nxt platform to have a decentralized marketplace could be utilized for future projects.
  • Shuffling ▲ In cases where increased anonymity is required, the Nxt platform allows users to mix their tokens with tokens from other users.
  • Assets ▲ Nxt allows for the easy creation of assets on the platform which are representations of certain products, be they digital or physical. An asset will be used to represent the contribution of a user in Adel projects to allow users to exchange these tokens with other users, as well as a determining factor of the amount of rewards they receive.
  • Asset Exchange ▲ Traditional cryptocurrency exchanges require the use of a centralized platform, as is the case with BitFinex, Kraken Poloniex and others. However, such centralized exchanges are always exposed to an inherent risk of failure, as was the case with Cryptsy[ii] and Mt. Gox[iii]. Nxt has developed a peer-to-peer internal exchange that offers decentralized trading, thus eliminating a single point of failure, as well as intermediary trading fees beyond the transaction fees.
  • Speed ▲ The average transaction time of Nxt is approximately 60 seconds per block. However, for Ardor, the transaction time can be delayed per child chain in cases where a slower transaction time is desired.

Advantages ▲ Adel

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The Adel ecosystem is relatively independent of governments, international or domestic politics, as well as fiat economies. Its value is in leveraging Nxt and Ardor’s state-of-the-art blockchain technology, as well as the Adel ecosystem, and combining these technologies with best-in-class business practices. The Adel ecosystem is designed to implement the latest security features while also adopting best practices in business services. In creating a legitimate business on top of blockchain technology, Adel will demonstrate innovation and leadership with an organizational structure that is both sustainable and profitable. Here are some of the advantages of the Adel ecosystem.

  • Collaborative ▲ The establishment of a Project Review Committee which not only ensures that Adel will launch profitable businesses, but also represents legitimate, legal, and ethical projects. This is fundamental to the integrity of Adel and is vital to further legitimizing cryptocurrencies. Successful projects launched on Adel will help prove sustainable, long-term growth, as well as global monetization potential for blockchain technologies. After a project has been launched on Adel, whether it be from a proposal by the R&D team or an innovator from the community, the project manager will be adequately supported by the Adel staff, as well as community members participating throughout the lifetime of the project. This can either be in the form of expert advisory services, finding employees, or even assistance with securing additional external funding, such as with venture capitalists. Adel believes in utilizing expert decision makers to guide decisions made by the community. Once options have been authorized by the leadership, they are then submitted to the community for consensus, enhancement, and further decisions. This way, Adel establishes efficiency in the decision processes that guide the ecosystem, while also utilizing the experience and expertise of the community.
  • Resilient ▲ By leveraging the emergence of blockchain-as-a-service, Adel’s ecosystem was created so that participants have a collaborative platform to initiate, develop, showcase, and fund their innovations. Auditable financial transactions for all projects provides the foundation for a self-regulated community capable of making important economic decisions. Adel provides a self-regulated dynamic platform of entrepreneurship, freedom, management, communication, and technology. As a community-based ecosystem, Adel will create an open architecture for joint entrepreneurship while challenging contemporary business principles.
  • Prospective ▲ Community members will enjoy benefits such as access to the community portal which consists of a wide range of modules to collaborate, vote, and view the status of their account and projects. Members are also eligible for employment in any of these businesses and will receive first right of refusal before the general public.
  • Flexible ▲ Adel will have four types of projects that will be possible in its ecosystem:
    • If a project is introduced by Adel’s R&D team and it receives a majority of the votes, then it becomes a Community Project.
    • If a majority vote is not achieved, then it can become a minority or Group Project if funded by community members who support the project.
    • If a project is introduced by a community member or group of members (designated as the Innovator) and it receives a majority of the votes, it will become a Community Innovator Project.
    • If a majority vote is not achieved, then it can become a minority or Group Innovator Project if funded by community members who support the project.
  • Exclusive ▲ Becoming a member to Adel’s community requires a minimum investment of Bitcoins. The voting system establishes the opinion of the majority (according to the amount of Adelphoi held by the respective community member). Social forums allow for open and constructive communications between community members who can ask questions, make comments and offer suggestions.
  • Principled ▲ As outlined in our white paper entitled “Maintaining Integrity in Equity Funding”, Adel’s integrity is the foundation of our success and for the sustainability of a profitable ecosystem. This integrity applies to all of Adel’s staff, as well as its community members.

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is self-regulated, self-sustained and offers its own economic ecosystem with 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. Projects are chosen by the community and successful ventures are either re-invested in for further growth or issued as rewards to Adel’s stakeholders.

About the Authors

Gabriel Dusil

Gabriel is a seasoned sales and marketing expert with over twenty years of experience in senior level positions at companies such as Motorola, VeriSign (part of Symantec), and SecureWorks (part of Dell). His strengths lie in international business development and strategic partnerships, as well as the unique ability to translate complex ideas and technologies into language that decision makers can easily understand. Gabriel has a Bachelor’s degree in Engineering Physics from McMaster University in Canada and possesses expert knowledge in cloud computing, IT security, and video streaming technologies (Over the Top Content, OTT). Gabriel also runs his own company, Euro Tech Startups s.r.o., and manages two blogs: https://dusil.com/ and https://gabrieldusil.com/.

Michal Vavrek

Michal is an entrepreneur with international experience specializing in global business development and project management. He graduated from Indiana University’s Kelley School of Business with a degree in Finance and International Business and worked in various capacities in New York, Zurich and Prague. Michal is an active cryptocurrency entrepreneur with an extensive background in Forex algorithmic trading strategies and is always seeking new opportunities that maximize blockchain technologies.

Travin Keith

Travin is a seasoned marketer who specializes in web and international marketing. He has worked with over a hundred businesses around the world spanning a wide range of industries. Since 2013, Travin has been involved with cryptocurrencies as a trader, investor, marketer, and community member. He joined the Nxt Foundation as a board member in 2016, serving as a marketer and primary contact to the Hyperledger Project.

References

[i] “World Bank: 75% of poor don’t have bank accounts”, By Anne Renzenbrink, 19th April 2012, cnn.com, http://www.cnn.com/2012/04/19/business/poor-bank-accounts/index.html

[ii] “Court Takes Control of Digital Currency Exchange Cryptsy”, By Stan Higgins, coindesk.comApril 4, 2016. http://www.coindesk.com/cryptsy-assets-frozen-as-florida-court-appoints-receiver/

[iii] “The Inside Story Of Mt. Gox, Bitcoin’s $460 Million Disaster”, By Robert McMillan, Wired.comMarch 3, 2014. http://www.wired.com/2014/03/bitcoin-exchange/

Adel ▲ Motion Graphics ▲ Launch

adel-get-your-adelphoi

We’re proud to release our second motion graphic video, introducing Adel to potential investors in advance of our Initial Coin Offering (ICO), launching on May 1st, 2017. We are also showcasing this video on our website, adelphoi.io, in the “Why Us” section. Also check out our white papers and our first announced project: P2P ATM.

 Home - Signature, Gabriel Dusil ('12, shadow, teal)

Gabriel Dusil
Co-Founder & Board member, Adel

Adel ▲ White Paper ▲ Responsibilities in a Crypto-economy

adel-white-paper-icons-v2-3_3

▲ Foundation Series

By:   Michal Vavrek, Founder & Board Member, Adel
By:   Gabriel Dusil, Co-founder & Board Member, Adel

Responsibilities

Adel is a community where every member is connected through personal and funding participation. This paper outlines the roles and responsibilities of the community’s participants, including stakeholders, project managers and Adel’s leadership team.

adel-white-paper-3-responsibilities-in-a-crypto-economy-roles

Roles

  • Leadership ▲ The Adel Board will serve as a business advisory body for individual use cases throughout the entire project life cycle. Expert consultations from community members will always be welcomed.
  • Decision ▲ Authority to enact final decisions on strategic activities and major fund allocation will reside within the community via the Voting Module. Decisions taken by the project team will be discussed, if needed, with Adel’s Board or community members possessing relevant expertise.
  • Dialogue ▲ To support open debate within the Adel community, a Forum Module will be available to Adelphoi holders. This module will have minimal limitations and will provide guidance towards addressing important topics regarding operational and strategic areas that affect the entire community, as well as any individual concerns that may arise. Thus, a direct public and private communication line to Adel’s Board will always be available to all community members.
  • Conduct ▲ All community members will be required to sign the Community Code as part of their registration process. Administrative monitoring of the Forum Module will oversee members who violate the Community Code and perform other abuses. Persistent violators will be added to the Community Blacklist.
  • Participation ▲ Any and all community members are welcome to participate in individual projects and advisory activities. Every project will offer an open communication channel for suggestions via the community’s Forum Module.
  • Regulation ▲ Guidelines will be provided to the community to promote efficiency in creating relevant project documentation, all of which will be available to community members on the community portal.

Anonymity

Community members may adopt the following identities:

  • A community member may wish to participate as an Anonymous Member. The member may participate as a token stakeholder, a voter, and a forum participant.
  • The second option is to become an Identified Member, whereby one’s real name and profile details are used. All Adel Board members and Adel staff are required to be identified members of the community. These individuals may also be employed in community projects in order to utilize the respective member’s expertise. In this case, their Curriculum Vitae (CV) would be disclosed to Adel’s staff.

Stakeholder

A stakeholder is anyone holding any amount of Adelphoi. A stakeholder who holds a minimum number of Adelphoi will be invited to register and become an Adel community member. This ecosystem is fueled by the voting results of community members whose vote is weighted against the number of Adelphoi they hold. The role of a community member can vary according to their level of desire to stay anonymous.

Every Adel community member is able to:

  • Share their expertise and opinions in community projects.
  • Use Adelphoi to make transactions within the ecosystem.
  • Participate in voting and on forums via the Forum Module.
  • Fund projects as a majority community participant or as a group participant in minority voting results.
  • Follow the progress of projects and help improve on ideas.
  • Receive rewards in cryptocurrency or another non-regulated asset.

Additionally, identified members may:

  • Submit proposals as Innovator Projects. In this case, the community member is designated as the innovator and will receive a larger portion of the project’s rewards. Adel requires innovators to be identified members in order to maintain project accountability.
  • Apply for open positions within Adel’s R&D team, the Project Review Committee, and other teams and groups covering areas such as project management, legal compliance and accounting.

Leadership

The board consists of top professionals, entrepreneurs, strategists and out-of-the-box thinkers. The board serves as the supervisory body for the protection of the entire community, ensuring no dangerous, illegal or unethical conduct occurs that could negatively affect or damage Adel’s brand. The board also serves as an advisor to projects throughout their operation and supports the transparency of all transactions and processes.

photo-adel-team-fotosketcher-painting-6-oil_michal

Research & Development ▲ Michal Vavrek ▲ The R&D team will create, develop and enhance project ideas that will be submitted to the community for approval. The R&D team will also be responsible for submitting relevant documentation for project approval.

photo-adel-team-fotosketcher-painting-6-oil_gabriel

Marketing & Strategy ▲ Gabriel Dusil▲ This team will create and execute marketing strategies for the community, as well as for individual projects. Activities will include both internal and external marketing strategies, communications, documentation, events, public relations, website design and copyediting.

photo-adel-team-fotosketcher-painting-6-oil_jan

Legal & Operations ▲ Jan Lamser ▲ This team will ensure compliance with legal and regulatory requirements at national, regional and global levels for all community projects. The team will also be available to the community for individual projects within their respective jurisdictions.

Project Review Committee

The Project Review Committee (PRC) will guide and help the Adel R&D team and innovators to properly document projects for submission and approval. The team will consist of professional consultants to evaluate ideas and polish their business plans. Consulting from the PRC will reside within the framework of reviewing plans, numbers, projections, strategies and marketing. It will also help steer the project with the best strategy. The forum module will likewise be utilized by all community members who wish to provide guidance. Furthermore, consulting from Adel’s Board will focus on high-level strategy.

The PRC will have an ongoing relationship with project teams in order to monitor, measure and evaluate key performance indicators (KPIs), cash flow, operations and overall strategy. The PRC will not be involved in daily activities. Their role will be to provide guidance and monitor the project’s progress on an ongoing basis. They will not participate as a staff member of any project. It would be up to the project owners (e.g. the project’s general manager) to hire staff for specific duties.

Project Managers

Project Managers are responsible for monitoring community projects by ensuring the highest level of efficiency in resource usage. They are tasked with the responsibility of guaranteeing results and that objectives continue moving towards completion. They are also responsible for reporting the status of projects, as well as other operational activities such as accounting, though this can be delegated by the Project Manager if deemed necessary.

Project Managers will be selected based on their area of expertise. Community members will be offered “first right of refusal” to participate in that capacity. Approval of the Project Manager, budget, timeline, milestones, business activities and developments will be confirmed by the Adel Board in order to protect the community. Funds will be released according to the developmental stages of the project and approval by the Board. If projects need additional funding outside of the approved budget (as agreed upon by the voting process) then the community will be consulted and its approval will be sought.

Commitment

Adel’s leaders have a special mandate to lead with integrity and will take all steps necessary to ensure the entire team does the same. This requires a visible commitment to promoting conduct that is positive towards the development of the ecosystem and compliant with all legal requirements. Our actions will demonstrate our belief that profits never overshadow our principles.

  • Adel Services ▲ The staff will set up the proper framework starting from the top, and will act in the best interest of Adel and its stakeholders. We will work towards an ecosystem that will not support criminals, terrorists, or parties wishing to defraud or take advantage of our members through community involvement or projects undertaken by Adel.
  • Adel Community ▲ All community members are connected with our values. Since the entire community can participate in each project, it is in the interest of Adel to ensure that projects meet legal and Community Code guidelines in order to protect our members.

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

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is self-regulated, self-sustained and offers its own economic ecosystem with 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. Projects are chosen by the community and successful ventures are either re-invested in for further growth or issued as rewards to Adel’s stakeholders.

About the Authors

Michal Vavrek

Michal is an entrepreneur with international experience specializing in global business development and project management. He graduated from Indiana University’s Kelley School of Business with a degree in Finance and International Business and worked in various capacities in New York, Zurich and Prague. Michal is an active cryptocurrency entrepreneur with an extensive background in Forex algorithmic trading strategies and is always seeking new opportunities that maximize blockchain technologies.

Gabriel Dusil

Gabriel is a seasoned sales and marketing expert with over twenty years of experience in senior level positions at companies such as Motorola, VeriSign (part of Symantec), and SecureWorks (part of Dell). His strengths lie in international business development and strategic partnerships, as well as the unique ability to translate complex ideas and technologies into language that decision makers can easily understand. Gabriel has a Bachelor’s degree in Engineering Physics from the University of McMaster in Canada and possesses expert knowledge in cloud computing, IT security and video streaming technologies (Over the Top Content, OTT). Gabriel also runs his own company, Euro Tech Startups, and manages two blogs: https://dusil.com/ and https://gabrieldusil.com/

Adel ▲ White Paper ▲ An Incubator for Blockchain Technology

adel-white-paper-icons-v2-3_2

▲ Foundation Series

By:   Gabriel Dusil, Co-founder & Board Member, Adel
By:   Michal Vavrek, Founder & Board Member, Adel

Adel Ecosystem

This paper provides an overview of Adel and its ecosystem. It outlines how the community will interact with Adel’s staff and the activities surrounding project submissions, approvals, and operations.

Projects

Adel structures its projects into two main pillars: a) projects introduced by Adel’s Research & Development team (Adel R&D), and b) submissions from community members, called “innovators”. Our goal is to find new market niches that possess unique competitive advantages in selected target markets, as well as global potential for high returns.

  • Technology ▲ These projects will cross a wide spectrum of industries such as banking, insurance, healthcare, manufacturing, and numerous others, all with an emphasis on streamlined business strategies.
  • Innovation ▲ IT projects will represent applications from a number of fields including, but not limited to: big data analytics, blockchain, business intelligence, IT security, cloud-based services, and other innovative technologies within these Information and Communications Technology (ICT) Projects will preferably be of global character while reaching for, and consisting of, a broad range of innovative solutions.

Projects can assume different forms based on whether the submitters want to keep the idea to themselves during the developmental stage, or release the idea to the community before the community votes on the proposal. This ensures that innovative projects continue to be launched, while minimizing the threat of competitors copying the idea.

Every project is submitted to the community, which then decides whether to agree or disagree on funding the project with community funds.

  • Community Projects ▲ Community projects will be developed by Adel’s R&D team and will contain the relevant documentation necessary to develop the idea into a business. If a project is approved, then funding will be provided by communally-available funds from the various stages of the ICO. Once the project is operational, funding from the success of the project will also be available to other projects, provided they are approved by the community. The sale of the project, as well as its returns, will be distributed to all members of the community according to the level of their participation and the amount of Adelphoi they hold.
  • Group Projects ▲ These are projects that have not received enough votes. If this should happen, then a community minority that supports a given project can still green-light it. This way, community members don’t have to agree on every single project in order to receive a portion of the rewards. However, if a select number of community members have higher confidence in a project’s success, then they can become funders and receive a bigger portion of the rewards. The interested community minority will be required to use their own Adelphoi for these projects.
  • Innovator Projects ▲ These are projects introduced by members of the community[1] and submitted to the Project Review Committee for review. Innovator projects come from community members who want to propose their own ideas and have them funded. Innovator projects can be funded by a majority of the community (thus becoming a Community Innovator Project), or by a minority of the community (thus becoming a Group Innovator Project).

adel-white-paper-2-an-incubator-for-blockchain-technology-projectsCommunity vs. Group vs. Innovator Projects

As per the above illustration, community and group projects are segmented into four distinct categories, depending on how the community votes:

  • Community Projects ▲ Innovation comes from Adel’s R&D team ▲ These projects have been approved by a majority of the community.

▲ Funding ▲ 100% community funded
▲ Rewards ▲ 100% to the community

  • Community InnovatorProjects ▲ Innovation comes from a community member who wants their idea to be kept secret. For projects like these, the community member is designated the “innovator”. These projects have been approved by a community majority.

▲ Funding ▲ 100% community funded
▲ Rewards ▲ 25% to the innovator ▲ 75% to the community

  • Group Projects ▲ Idea comes from Adel’s R&D team. These projects have been declined by a majority of the community, but approved by a minority of the community.

▲ Funding ▲ 100% group funded
▲ Rewards ▲ 25% to the community ▲ 75% to the group

  • Group Innovator Projects ▲ Idea comes from an innovator (community member) who wants their idea to remain a secret. These projects have been declined by the community majority but approved by a community minority.

▲ Funding ▲ 100% group funded
▲ Rewards ▲ 25% to the innovator ▲ 50% to the group ▲ 25% to the community

Redistribution

Once all three rounds of the ICO have been completed, and in order to keep the community funded, rewards from successful projects will be relocated back to the community or distributed directly to community members.

Use of ICO funds will be distributed as follows:

  • A minimum of 70% will be used to fund projects launched on Adel.
  • A maximum of 30% will be allocated for Adel operations, management, and staff expansion to grow the community as deemed necessary.

Project rewards or exits will be redistributed to community members as follows:

  • A minimum of 70% will be distributed to Adel community members.
  • A maximum of 30% will be reallocated to the Adel community for project funding, operations and management.

Project rewards or exits for the purpose of reallocation to other projects will be done as follows:

  • A minimum of 70% will be used for community projects as agreed upon by a community vote.
  • A maximum of 30% will be allocated for Adel operations, management and staff expansion to grow the community as deemed necessary.

An exit from any project will be agreed upon by a community vote. This may include, but would not be limited to, an acquisition or sale by an external party or discontinuation of the specific project.

Interaction

Projects will have various outreach channels throughout Adel’s community:

  • Website (public) ▲ Each project will have its own web page outlining the top-level details of the project. This will include an overview of the project, its unique value proposition, associated market research, the competitive landscape, and launch plans.
  • Community Portal (community members only) ▲ This portal will include a page with guidelines regarding the structure of project submissions. This ensures consistency of quality and will be structured so that projects can be effectively reviewed by the Project Review Committee. Only community members who hold more than the minimum amount of Adelphoi will have access to the Community Portal. This will minimize submission spam as only serious submitters will take the time to follow the submission guidelines. Submissions that do not adhere to the guidelines will be returned in order to solicit further details. The submitter’s idea will remain confidential, under non-disclosure guidelines, ensuring that innovative ideas will have the opportunity to be evaluated without fear of a competitor copying the idea early in the project’s development stage. If approved by the Project Review Committee, then the project will be submitted to the community for approval.
  • Voting Module (community members only) ▲ A voting module will be established for all members of the community to facilitate voting on projects and other key community decisions. The influence of each vote will be based on the weight of Adelphoi coins held by a given member on the date and time of the voting deadline.
  • Forum Module (community members only) ▲ This module will be established for forum discussions, blogs and message boards. Community members will agree to forum guidelines. Community-selected forum administrators will monitor the forum to prevent trolling and other modes of forum abuse.
  • Project Module (community members only) ▲ This module will be set up so that each project will have a page to update the community on its status. This will include, but will not be limited to: operational activities, financial statements, and management assessment.

Approvals

Business plans for each project will first be submitted to the Project Review Committee for evaluation. This committee will then decide whether the project is suitable for a community vote.

  • Submission & Review ▲ The Project Review Committee will consist of selected Adel staff, venture capital funding experts, internal advisors, and community representatives. This step will include a question and answer stage with the submitter, as well as any necessary requests for further project details to facilitate making a final decision. A formal presentation of the project via video conference may also be requested. This step is important in order to eliminate projects that could potentially damage the Adel brand, as well as the values that both the Adel community and Adel philosophy represent.
  • Approve & Improve ▲ Once a project is approved by the Project Review Committee, it will be released to the community for approval. The community will then vote to either green-light the project or not. If the project is declined by the majority of the community, it will then be voted on as a Group Project. This means that the community will still have an opportunity to support the project and, in this way, get a larger portion of the benefits. If the project does not garner enough support, it will be rejected. The Forum Module will be available for comments, suggestions, and improvements to the projects.
  • Opportunity & Expertise▲ When a Group Project is approved by the community, specialized positions will be offered internally to community members before soliciting outside specialists. A community member may present their relevant skills to the project at this time and will undergo an interview process and candidate evaluation stage. If approved, then they would be hired and paid for their work. Opportunities to participate will be available to all community members who want to be involved. Other members may stay anonymous if they wish.
  • Launch & Operations ▲ Once a project and its business plan have been approved, the execution plan for each project will be created jointly by the submitter of the project and the Project Review Committee. Budgets, milestones, timelines and deadlines, and progress and achievement markers will be reported to the entire community in the Project Module. In special cases, the community may decide to start or further fund a large-scale project by using traditional institutional financing alongside Adel funds. Project plans will be created and updated on an ongoing basis depending on project evolution, cash flow availability, and project operations.
  • Rewards ▲ Once a project is successful and reaches its targets, or if the project is sold, then the distribution of funds will be divided among all shareholders according to the proportion of their Adelphoi balance. These rewards may be distributed using BTC, NXT, USDT, or any other token that would be deemed appropriate for distribution.

Signatories

The Adel Board consists of three board members. All transactions from cold storage to the hot wallet will need to be approved by the Adel Board as signatories. All three are required to be in agreement in order to approve transactions. The Adel Community Portal contains a queue that collects three signed signatory approvals which are verified by each of the signatory’s public keys. Once three approvals have been received in the workflow queue, the transaction will be approved and funds will be released.

  • Signatory Replacement ▲ In the event of resignation, serious illness, or the death of a signatory, the Adel Board shall appoint a new signatory.

Project, operation, and finance managers will collectively approve transactions from the hot wallet. Separation of duties, IT security measures, and a secure workflow procedure will be implemented to ensure hot wallet transaction integrity.

Voting

Community members will participate in voting on major decisions that affect the community, the approval of projects, and additional funds required for an approved project. Community members also have the option to offer their skills in the operation or execution of a project and be rewarded for it in BTC or any other token the community member desires and the project manager is willing to use.

  • Voting Weight ▲ The weight of community votes will be directly proportionate to the amount of Adelphoi members have in their account at the end of the voting deadline.
  • Voting Statistics ▲ The board will exercise management oversight by having visibility into voting statistics during active voting. This oversight will include (but not be limited to) voters who have the highest percentage of voting influence. Statistics will also show the percentage of voters compared to the total member count and will be displayed on a time graph. This will serve to monitor voter distribution and the overall democratic influence on the voting decision.
  • Voting Majority ▲ Adel will calculate how many Adelphoi are in the hands of each stakeholder in order to establish their voting weight. The voting tally is based on the percentage of total voters weighed against the Adelphoi tokens they hold and not on the number of voters. Therefore, a voter with one hundred Adelphoi will possess 50x more influence on a vote compared to a voter with two Adelphoi. If the voting threshold is not established, then the vote will be open for another 24 hours, giving the remainder of the community a chance to vote. After this time, regardless of the number of votes, the result will be tallied from those who’ve voted.
  • Voting Results ▲ The final tally will not be visible until voting is completed. All votes will be added to Adel’s voting blockchain in a batch process at the end of the vote. This will prevent any potential attackers from trying to manipulate the outcome.

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is self-regulated, self-sustained, and offers its own economic ecosystem with 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. Projects are chosen by the community and successful ventures are either re-invested in for further growth or issued as rewards to Adel’s stakeholders.

About the Authors

Gabriel Dusil

Gabriel is a seasoned sales and marketing expert with over twenty years of experience in senior level positions at companies such as Motorola, VeriSign (part of Symantec), and SecureWorks (part of Dell). His strengths lie in international business development and strategic partnerships, as well as the unique ability to translate complex ideas and technologies into language that decision makers can easily understand. Gabriel has a Bachelor’s degree in Engineering Physics from the University of McMaster in Canada and possesses expert knowledge in cloud computing, IT security and video streaming technologies (Over the Top Content, OTT). Gabriel also runs his own company, Euro Tech Startups, and manages two blogs: https://dusil.com/ and https://gabrieldusil.com/

Michal Vavrek

Michal is an entrepreneur with international experience specializing in global business development and project management. He graduated from Indiana University’s Kelley School of Business with a degree in Finance and International Business and worked in various capacities in New York, Zurich and Prague. Michal is an active cryptocurrency entrepreneur with an extensive background in Forex algorithmic trading strategies and is always seeking new opportunities that maximize blockchain technologies.

  • [1] Conflict of Interest Provisions ▲ To avoid conflict of interest, Adel R&D team members cannot take the route of an Innovator Project.

Adel ▲ White Paper ▲ Building a Decentralized Ecosystem

adel-white-paper-icons-v2-3_1

▲ Foundation Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
&:  Michael Vavrek, Founder & Board Member, Adel

 

Creating the Foundation

Adel is a new cryptocurrency system and community that is global, self-regulated, self-sustaining, and operates within its own macroeconomic ecosystem. This ecosystem will maintain its fiat independence through the use of Adelphoi[1]. It will also have the ability to trade with other economies.

adel-white-paper-1-building-a-decentralized-ecosystem-adel-phases-v1-1

In this white paper, we will discuss the phased rollout of the Adel ecosystem. These three phases represent the launch of Adel. Phase one will build the community portion of the ecosystem by creating the Account Module of the community portal and includes the first initial coin offering (ICO) round. Phase two will begin after the first ICO round and will focus on developing the community portal: Forum, Voting, Project dashboard, and Trading modules. Phase three will focus on operating and managing the projects and converting them into successful solutions that will benefit the entire community.

ICO Process

Adel will have three rounds of ICO to ensure a controlled deployment of funds as various projects are introduced to the community. This ensures a focus on planning rather than pure capital collection. Adel also wants to further ensure that no single person, or small group, will be able to dominate the community. A diverse set of stakeholders will guarantee a more democratic outcome, as voting will be distributed amongst a greater number of stakeholders. Moreover, this will create confidence in early ICO participants who will be supportive of the values established by Adel.

There will be a total of 100 million non-mineable Adelphoi units available in the Adel ecosystem:

  • 85 million Adelphoi will be distributed through 3 rounds of an Initial Coin Offering (ICO).
  • 15 million Adelphoi will be distributed amongst the Adel Services (consisting of staff members, partners, board members, special supporters, and other supporting 3rd parties). From this amount, 5 million Adelphoi will be released at each round of the ICO. This will ensure transparency and long-term commitment from the Adel Services.

During the first ICO round, funds in BTC will be immediately placed into Adel’s cold storage – an offline repository. ShapeShift will be used for ICO collection as they are the market leader in instant digital currency conversion. Shapeshift is used to easily convert cryptocurrencies to one another.

Phase 1 ▲ Community

Initial Coin Offering ▲ 1st Round  33,333,333 Adelphoi

Adel will build the foundation of the community during this phase. This phase includes activities up to, and including the first ICO round. This includes the website, key marketing materials, white papers, corporate branding guidelines, and a showcase of the unique features of the Adel ecosystem. Phase one will also establish the structure of the Adel Board, as well as the senior management team and staff members that will be instrumental in building Adel’s foundation. This consists of marketing specialists, blockchain developers, and cryptocurrency experts.

The first ICO round will be open for four weeks. A minimum contribution is required to become an Adel Stakeholder in this round (refer to the Adel ICO Round 1 announcement for this minimum). The ICO will be open to most of the available cryptocurrencies. The cryptocurrencies collected will be instantly exchanged for Bitcoin via ShapeShift. Tokens not accepted by ShapeShift will not be accepted in the ICO. After the first round of ICO, the total amount will be proportionally calculated and exchanged for 28,333,333 units of Adelphoi. Five million Adelphoi will then be allocated to the Adel Services. The remaining Adelphoi will be distributed to each Adel stakeholder.

There will be four stages for stakeholders to earn different bonus percentages for their BTC and tokens converted by ShapeShift. This bonus refers to the amount of Adelphoi the stakeholder will receive, and is directly proportional to their voting power within the community:

  • First week: 15% bonus
  • Second week: 10% bonus
  • Third week: 5% bonus
  • Fourth week: 0% bonus

Stakeholders will be able to keep their bonus should they decide to increase their contribution within the following weeks of the ICO. For example, if a stakeholder contributes during the first week, they will continue to receive a 15% bonus even if they increased their contribution during the fourth week.

Additionally, stakeholders who contribute a certain minimum amount of BTC [please refer to thresholds on Adel’s home page], which will be determined as the ICO draws near, will receive a special bonus of 15% no matter when the contribution is made. This also applies to stakeholders who surpass this minimum by the end of the ICO period.

Adel will establish a total minimum amount of funds received by contributors of the ICO. This amount may fluctuate by the end of the ICO due to BTC price volatility. In the event that this minimum contribution from all stakeholders is not been reached, there will be a vote conducted amongst the community members as to whether or not Adel will continue.

The following materials and applications will be released during this phase:

  • The website, which will introduce Adel to the cryptocurrency community and the world at large. It will also outline Adel’s core values. Our home page will showcase the initial round of green-lit projects, showing a top-level overview, along with their unique technical and business solutions. A series of white papers, including this one, will describe our unique approach to community-based projects. Other white papers will describe our policies, procedures and underlying technologies that fuel our platform.
  • The Adel Community Portal, which will be the extranet portal used to view all of the community’s confidential activities. It will include detailed guidelines for project submissions, as well as a landing page. Furthermore, the status of each community member’s participation will be displayed in real time in the Account Module.

Phase 2 ▲ Projects

Initial Coin Offering ▲ 2nd Round ▲ 33,333,333 Adelphoi

In the second and third round of the ICO, Adelphoi units will be sold in a manner that does not disrupt the price of Adelphoi at the time of the ICO. A method will be decided a few months before the second round and announced accordingly. First round ICO participants may be offered preferred conditions when purchasing Adelphoi in subsequent rounds. Each ICO round will also be announced with innovative projects.

This phase will further establish the foundation for Adel project submission, approval, marketing, and ongoing operations. Projects involving technological innovation will have either a global or regional reach. They may participate in, but would not be limited to, Business to Business (B2B), Business to Consumer (B2C), or even Business to Government (B2G) environments. Projects will be funded with the funds raised through three rounds of ICO, as well as from future project success or exits.

The following materials and applications will be released shortly after the first ICO:

  • The members of the Project Review Committee who will evaluate and approve projects, as well as participate on forums to discuss these projects with the community.
  • The Forum Module will be the social media platform using services such as RocketChat, where community members can discuss projects and direct their questions to the project managers and the Project Review Committee.
  • The Voting Module will be created for community members to vote on projects and other key decisions.
  • The Transaction Module will only be available to Adel Board members. This module will be used to pay project capital costs and other required expenses. It will also have dashboard visibility and oversight of all payments executed (pending approval), as well as all associated management summaries necessary to effectively manage the community and its projects.
  • The Project Module will also be released during this phase and will contain detailed information on the operations of each project. Postings and overall content will be owned by the project managers. Adel will redistribute success back to community members. Each community member will be able to see the status of any payments they receive via their Account Module.
  • The initial deployment of the Trading Module will allow community members to easily trade their Adelphoi with other community members. Future versions of the Trading Module will connect to available external payment gateways, fiat monetary platforms, and other cryptocurrency exchanges for community members. This will further ensure that each community member has sufficient freedom which will be represented by the liquidity of their resources.

Phase 3 ▲ Execution

Initial Coin Offering ▲ 3rd Round ▲ 33,333,333 Adelphoi

Adel will focus on expansion and other improvements that are in line with Adel’s core values during this phase. Thus, Adel will evaluate the opening of offices in new regions around the globe with due diligence and a justified business case. Adel will select the most qualified representatives and management from its community members for regional offices and projects in those regions.

Bitcoin Repository

Bitcoin used for funding projects will be held in two repositories:

  • Cold storage ▲ This is an offline repository where the bulk of the funds will reside. Funds from the cold storage will be transferred to the hot wallet following the approval of three Adel Signatories. The cold storage will reside in a secret and physically secure location.
  • Hot wallet ▲ This will be the account where bitcoins will be used for funding the initial launch of projects (e.g. capital and initial operating costs). The hot wallet will be also the active account where salaries, expenses and operating costs of Adel will be paid. This repository will consist of a designated maximum amount of BTC for security reasons, dependent on the operational activities of Adel projects and how they weigh against security risks.

ICO Example

adel-white-paper-1-ico-round-1-scenario-v1-0

Legend

  • ADL = Adelphoi
  • BTC = bitcoins
  • Stakeholder = any entity holding any amount of Adelphoi

Summary

  • 33,333,333 tokens will trade based on a starting value of USD 0.948 per Adelphoi (ADL).
  • Stakeholder A.2 (in the example above) with 40 bitcoins contributed receives a 15% voting influence bonus, which means a 15% increase in ADL.
  • At the end of the 1st ICO, the A.2 (in the example above) stakeholder’s voting influence is calculated at 0.055%
  • Stakeholder A.2’s ICO round one amount of ADL in their account will be 31,221.132 ADL.

Notes

  • The Adelphoi value will be established at the end of the first ICO round.
  • 28,333,333 tokens will be issued to stakeholders. 5,000,000 will be reserved for Adel Services.
  • Those who have contributed a minimum BTC equivalent in Adelphoi will be invited to the community. This is to prevent the creation of multiple accounts, as well as to provide a clearer voice for those who have a significant stake in the ecosystem. Those who wish to become Community Members after the ICO will need to acquire a higher equivalent of ADL, compared to the participates of the 1st ICO (refer to the Adel ICO Round 1 announcement for this minimum).

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is self-regulated, self-sustained, and offers its own economic ecosystem with 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. Projects are chosen by the community and successful ventures are either re-invested in for further growth or issued as rewards to Adel’s stakeholders.

About the Authors

Gabriel Dusil, Co-founder & Board Member, Adel

Gabriel is a seasoned sales and marketing expert with over twenty years of experience in senior level positions at companies such as Motorola, VeriSign (part of Symantec), and SecureWorks (part of Dell). His strengths lie in international business development and strategic partnerships, as well as the unique ability to translate complex ideas and technologies into language that decision makers can easily understand. Gabriel has a Bachelor’s degree in Engineering Physics from the University of McMaster in Canada and possesses expert knowledge in cloud computing, IT security and video streaming technologies (Over the Top Content, OTT). Gabriel also runs his own company, Euro Tech Startups, and manages two blogs: https://dusil.com/ and https://gabrieldusil.com/

Michael Vavrek, Founder & Board Member, Adel

Michael is an entrepreneur with international experience specializing in global business development and project management. He graduated from Indiana University’s Kelley School of Business with a degree in Finance and International Business and worked in various capacities in New York, Zurich and Prague. Michael is an active cryptocurrency entrepreneur with an extensive background in Forex algorithmic trading strategies and is always seeking new opportunities that maximize blockchain technologies.


[1] The token for Adel is called “Adelphoi”. The word originates from Ancient Greek meaning brotherhood, or a member of the same community.