Adel ▲ Opinion ▲ Blockchain Diversity & Passion

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

Blockchain Diversity & Passion

A strong blockchain should look beyond finance and computing to reach the mainstream. To get there, the platform needs a diverse talent pool that is passionate about ideas. A decentralized collaboration tool has its challenges, but one aspect is certain: individuals from all walks of life can participate in the development and implementation of blockchain technologies in industries where they have the desire and experience.

A diverse community allows members to interact with a variety of ideas and combine them into something greater than the sum of its parts. Individually, those ideas may not be viable, but combined they may turn into a competitive value proposition. Projects developed in isolation don’t have such a luxury. An idea may originate from diametrically opposed industries, with conflicting cultural dynamics, corporate bureaucracy, and political agendas. Bringing people together from completely different disciplines can result in new approaches to solving problems and help to overcome obstacles that would not have been tackled otherwise. Furthermore, a decentralized community flattens the traditional corporate structure. For example, a brick and mortar environment has several layers of hierarchy – “a chain of command” as they say in the military. Many managers would not interface with levels of management much lower than themselves due to ego, power, or personal agenda. In a decentralized community, everyone is essentially treated equally.

A decentralized platform that incubates ideas also has the benefit of streamlining people, processes, and technology. A 10,000-meter view of ideas, business plans, and projects allow for efficiencies that is unprecedented in normal startup initiatives. Those responsible for the idea funnel can combine features from a different idea to make it a better idea. The business team can streamline their process from months to weeks. Likewise, project teams can collaborate on best practices, operational efficiencies, and market intelligence. The ecosystem strengthens as the project portfolio grows and diversifies.

The Internet may have removed international borders of communication, but for startup incubation these barriers still exist. Those in the crypto community are still in relative isolation to the rest of the world in terms of business collaboration. Bringing people together, with a common purpose and investment interests, is a good formula for sustainability and profitability.

 

Figure #1: Success from Diversity

Diversity comes from regional, cultural, vertical, horizontal, and occupational backgrounds (Figure #1). Adel co-founder, Gabriel Dusil says: “We want a diverse community to maintain a spectrum of talent that loves to create and complete projects. The ecosystem benefits when we have hundreds of members representing a diverse talent pool. We realize that not all will actively participate. As with most forums, you have those that observe and those that participate. Our goal is to build a sizable membership pool and incentivize participation. Adel is about bringing the best practices of investment strategies and venture capital expertise to the crypto community.”

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/.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

Adel ▲ Opinion ▲ A Philosophy for Blockchain Integrity

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

A Philosophy for Blockchain Integrity

Given Bitcoin’s meteoric rise, some claim that its underlying technology, blockchain, is ushering in an Internet 2.0. Don Tapscott[1], bestselling author and winner of the 2017 Digital Pioneer Award, remarked, “The first generation brought us the internet of information. The second generation, powered by blockchain, is bringing us the internet of value, a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.”

Even with blockchain’s potential to improve society, not everyone has its best interest in mind. With many deregulated technologies, including the internet, both the corrupt and complaint manage to find a way to profit within the same sandbox. It is for this reason that regulators have needed to play catch-up to blockchain initiatives and cryptocurrencies[2]. The intention is to close gaping holes where criminals are passing with impunity. Once laws are in full force, blockchain service providers will need to seriously consider compliance tactics. This may alienate blockchain liberalists who stubbornly oppose centralized control. But alignment to legislation will also attract mainstream investors who want the confidence and assurance that their investments will be kept safe.

Blockchain’s first application, Bitcoin, was occasionally tainted by nefarious actors who harmed its reputation. Unfortunately, the media perceived Bitcoin as harmful to communities. Now that the blockchain technology has been researched by many financial institutions, there is a common interest to redefine the blockchain brand in a positive light. Integrity in the development, release, and use of new blockchain-based software is of the utmost importance. And both the media and the public should be educated on its benefits.

To create integrity, there are three regulatory considerations for cryptocurrency services in 2017:

  1. Know Your Customer (KYC)
  2. Anti-Money Laundering (AML)
  3. Counter Terrorism Financing (CTF)

Blockchain projects till now had not been subject to such strict requirements. Nor did governments have the regulations in place to enforce these policies. As a result, projects were shut down and investors left empty handed[3] , the most notable being BitInstant[4] and Mt. Gox[5], both of whom contributed to tarnishing the blockchain brand.


Figure #1: Adel Ecosystem Limited’s Commitment to AML4 compliance

Crypto investors are quickly learning acronyms like KYC, AML and CTF. 2017 is the year of significant regulatory change. This is namely due to Directive (EU) 2015/849, informally known as the 4th Anti-Money Laundering directive (Figure #1), or AML4[6] which will be implemented on June 26, 2017[7]. To meet compliance requirements, crypto services must follow detailed auditing and compliance procedures, or risk closure due to regulatory violations.

Adel co-founder Gabriel Dusil says: “Our responsibility is to protect the blockchain brand. We think this is just as important as protecting our own. The foundation from which we built Adel is regulatory compliance and the desire to incubate long-term sustainable businesses. This legitimacy opens our doors to mainstream investors. It’s not just about legitimizing the crypto community as an investment vehicle. It’s about creating innovative projects that will change the world. This alone has the potential to solidify the integrity of the blockchain brand.”

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/.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

References

[1] http://dontapscott.com/

[2] http://www.bvdinfo.com/en-gb/blog/compliance-and-due-diligence/what-you-need-to-know-about-aml4, http://www.telegraph.co.uk/business/2017/04/16/regulating-bitcoin-new-frameworks-could-catalyst-cryptocurrencies/ https://coinlexit.wordpress.com/2016/07/06/bitcoin-aml-proposal-of-the-european-commission/

[3] http://www.coindesk.com/70-bitcoin-scams-shut-new-york-law-enforcement/

[4] http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1?international=true&r=US&IR=T

[5] https://en.wikipedia.org/wiki/Mt._Gox

[6] https://www.bvdinfo.com/en-gb/blog/compliance-and-due-diligence/what-you-need-to-know-about-aml4

[7] http://www.bvdinfo.com/en-gb/blog/compliance-and-due-diligence/what-you-need-to-know-about-aml4

Adel ▲ Opinion ▲ Blockchain Incubation to Employment

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

Blockchain Incubation to Employment

Building a strong ecosystem for startup incubation starts with a foundation of integrity, diversity and collaboration. A philosophy of integrity satisfies the authorities while attracting mainstream players with the capital to bootstrap project development. A collaborative environment is formed to attract talented individuals who are motivated to work together and create viable products. This framework retains talent and rewards their expertise.

The computing age and the internet have enabled new technologies thanks to the passion and commitment of volunteers. Linux has been a big success in the open-source arena with a 66% market share in web-based servers and 99.79% in supercomputers[1]. The SourceForge[2] repository showcases over 430,000 open source projects. Decentralized development has fuelled many of these projects, including blockchain technology.

Decentralized code development provides the framework for fast and efficient project execution. Traditional approaches to project management and leadership still need to be maintained. Hard-working developers have the motivation to succeed, while at the same time enjoy flexibility in their schedule and workspace. When an ecosystem has a whole community that works together, each participant has a devoted motivation for their project to grow from infancy to maturity and ideally sustainability.

Blockchain incubator, Adel Ecosystem, Ltd. is revolutionizing the blockchain incubation process by offering employment opportunities to community members. By having members participate in idea development through to project execution, each participant has a vested interest in ensuring success. They have a personal and financial interest in that growth. The unsung benefit becomes the vast employment opportunities for members across multiple projects. In addition, knowledge and lessons learned on one project can then be utilized in future initiatives. Systematic business planning creates its own efficiencies.

A collaborative environment for blockchain incubation offers its members a central platform from which to incubate ideas. Funding options need flexibility to accommodate both a wider consensus and a narrow one. There needs to be a pool of experts who know how to build businesses, mitigate weaknesses, and maximize revenue potential. Furthermore, the open nature of blockchain requires transparency in various activities of the community, such as voting, key performance metrics (KPIs) of projects, and collaboration.


Figure #1: Passion + Expertise + Capital = Success

Adel co-founder, Gabriel Dusil comments, “We think that employment is a unique benefit of our ecosystem. The members have a vested interest in wanting their projects to be successful. It’s their baby. They invested their hearts, minds and money into the initiative. We feel this is the magic formula behind what we are creating.”

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/.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

References

[1] https://en.wikipedia.org/wiki/Usage_share_of_operating_systems

[2] https://en.wikipedia.org/wiki/SourceForge

Adel ▲ Opinion ▲ Blockchain Portfolio Diversification

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

Blockchain Portfolio Diversification

For a blockchain ecosystem to thrive, it must create a sustainable platform to develop, market and deploy projects across a variety of industries. Investment portfolios have their ups and downs. All industries experience the same cycle, and not all projects will enjoy the same level of success. It benefits an organization to incubate a diverse set of revenue-generating projects. This strategy is adopted from tried and true fund management. Sustainability is when there is a positive return on the collective portfolio.

Success is also maximized when participants of the business plan, as well as their project execution, are diversified in experience. Each contributor provides unique expertise during business planning and project execution. Expertise conflict is replaced with collaboration because there is no shortage of experience needed to create a diverse and profitable portfolio. Steady returns are better managed when there is a variety of industries with revenue-generating assets and products.

In the early days of blockchain, development teams focused on one product. When key members left that project, the entire initiative was in jeopardy. In a volunteer-based “future benefit” culture, loyalty is not in salary, it’s in ideology. In the fast-growing world of blockchain, loyalty can now be remunerated with money. This leaves single focused projects vulnerable to the same HR challenges of churn and shortage of qualified mission-aligned talent. When a blockchain ecosystem intentionally creates a diversified portfolio, it mitigates and manages around market cycles and HR challenges.

Blockchain incubator, Adel Ecosystems, Ltd., is banking on the power of a diversified portfolio (Figure #1). They intend to create an environment which leverages business resources across a diversity of projects, while building a structure to attract and retain top talent by offering participation and ownership in a variety of projects. This offers a unique advantage of keeping a qualified team busy in an environment with an assortment of talent and a mixture of backgrounds.


Figure #1: Blockchain Projects Portfolio Diversification

As blockchain expands into different verticals, the potential impact and productivity savings is significant. Before a project can be successful, a solid business plan is needed to construct its foundations. Even before the business planning stage, ideas need to be discussed, debated, and refined. These efforts are ineffective in isolation and resource heavy for projects developed in silos.

A blockchain ecosystem with a diverse portfolio improves its productivity throughout the roller coaster of project life cycles. Knowledge and experience carries forward to each new project and creates an opportunity to repurpose new ideas by contributing to already launched projects, improves the overall portfolio Return on Investment (ROI), and increases the number of technology use cases for faster feedback and improvement. For example, if a team creates the world’s greatest login protocol, it’s used only for that one purpose. In a collaborative diversified ecosystem, that protocol can be integrated into every project, providing a compounding ROI over time. Cross-selling and upselling projects throughout the community needs to be part of the core strategy, or competitors will realize its potential and do the same.

The co-founders of Adel recognized the need for a blockchain incubator to bring collaboration to a very disparate blockchain community. Adel has set out to create a strong platform that fuels a diverse set of ideas, retains talent and attracts venture capitalists interested in cutting-edge technology.

Adel has created a unique platform to attract and retain those with the expertise to create business plans and turn them into viable projects. Processes in Adel’s ecosystem have been established to submit ideas for review and community discussion. A voting and collaboration module will help refine ideas and develop business plans. Their community portal will also have a project module to showcase bi-weekly updates, including Key Performance Indicators (KPIs). The basis of this ecosystem creates synergy between people, process and technology. The liquidity of the Adelphoi coin on external exchanges also enables new members to join the community and bring new perspectives and insights.

Adel co-founder, Gabriel Dusil says: “There is an exploding interest in blockchain technology. Thousands of proof-of-concepts span multiple industries. Blockchain is being tested in government, fintech, healthcare, Internet of things, and ICT (Information Communication Technology. The next few years will determine where blockchain is most practical. We want Adel to be viewed as the go-to brand that accelerates ideas into successful projects.”

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/.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

Adel ▲ Opinion ▲ Blockchain Startup Expertise

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

Blockchain Startup Expertise

With most new technologies, it’s rare that mainstream investors dive in and take risks with the unfamiliar and untested. Organized crime, on the other hand, will invest in cutting-edge technologies to drive their initiatives, just like any legitimate business. Criminals use the internet, mobile phones[1], encryption technology, instant messaging, and social media. But none of these technologies have sustained a bad reputation like Bitcoin.

From its launch in 2009, bad press has littered headlines involving Bitcoin, partially due to the Silk Road marketplace[2], the Darknet[3], and other platforms that maintain their anonymity, finance terrorism, traffic drugs and allow them to launder money. During this period, investment capital in blockchain was a mere 93 Million US$ in blockchain investments[4] according to CB Insights[5].

From 2014 to early 2016, VC funding increased tenfold to over 993 million US$. A report by FinTech Global[6] shows 2016 alone closing with half a billion US$ in funding. Within this figure, non-finance related blockchain projects increased by 325% compared to 2015, confirming that blockchain is more than just a FinTech phenomenon. Despite healthy growth, Bitcoin continues to have a negative reputation to some. What is needed to grow venture capital funding to $5 billion, $50 billion and beyond? One approach led by the blockchain incubator, Adel Ecosystem, Ltd.[7], has been to establish standard business practices to attract mainstream investors and business experts. Their vision is to develop projects with a commitment to a philosophy of integrity and regulatory compliance.

Despite bad press, Bitcoin has established a niche success. Creating this market presence was inspired by a vision of a stateless and decentralized currency. Similar to how Skype disrupted international calling revenue and Facebook and Twitter uprooted journalism the notion of decentralizing money hadn’t been considered until Satoshi Nakamoto’s white paper in 2008. Until this point money was considered authoritarian, not to be challenged. Bitcoin continues to be a contentious issue for governments and banks. But those same institutions recognize the value of blockchain as a technology.

However, blockchain is far from a mainstream success. Its relative newness, combined with scams, hacks, anonymity and legalities, prevent blockchain and cryptocurrencies from becoming a “household” technology. Angel and VC funding communities currently view blockchain as too complex and volatile to be considered a viable investment vehicle.

To pull blockchain out of the Darknet stigma, an era of integrity is required. According to Market and Markets[8], blockchain technology will be worth 2.3 billion US$ by 2021, and is expected to grow at a Compounded Annual Growth Rate (CAGR) of 61.5 percent. It is the collective responsibility of Adel to change the perception of blockchain and cryptocurrency and to legitimize this technology by creating ethical, moral, and legal platforms. Ethics and compliance will fuel a wave of mainstream investors entering the crypto industry and establish confidence with serious investors. Besides regulatory oversight, this responsibility lies in equal measure with blockchain service providers. Sustainable and profitable services, in the long term, establish confidence with the mainstream investment community.

Figure #1: Idea to Business Plan to Projects – Life Cycle

 

Co-founder and board member, Gabriel Dusil added, “At Adel, we set out to create a powerful blockchain ecosystem with a spirit of integrity. Our aim is to have passionate and talented members who have a collective goal to be successful. Our approach to achieve this goal is through a platform that incentivises the contribution of ideas, converts those ideas into business plans, and launches profitable projects.”

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/.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

References

[1] https://en.wikipedia.org/wiki/Organized_crime#Pre-nineteenth_century

[2] https://en.wikipedia.org/wiki/Silk_Road_(marketplace

[3] https://en.wikipedia.org/wiki/Darknet

[4] https://www.cbinsights.com/research-blockchain-transcript

[5] https://www.cbinsights.com/

[6] http://fintech.global/blockchain-cryptocurrency-startups-hit-record-funding-in-2016

[7] www.adelphoi.io

[8] http://www.marketsandmarkets.com/Market-Reports/blockchain-technology-market-90100890.html

Adel ▲ Community ▲ Nxt Address Token Generation

▲ Walkthrough Series

ADL Coin Distribution Procedures

Due to several inquiries from stakeholders regarding their Nxt Address’s secret passphrase, we have implemented the following procedure before distributing ADL coins to everyone:

All stakeholders are required to verify that they have a valid passphrase by generating a token using their Nxt account (https://nxt.org/download/). This procedure verifies that the stakeholder is using a correct secret passphrase. Once a token is generated in the Nxt account, the stakeholder needs to copy this token into their Adel Dashboard (Note that Step 7 will be implemented before midnight tonight). Adel will then validate this token and activate the transfer of ADL coins to the stakeholder’s Nxt address. These steps ensure:

  1. The stakeholder’s Nxt Address is correct.
  2. Their secret passphrase works (because tokens can only be generated with the correct passphrase).
  3. By clicking “confirm” in the Dashboard the stakeholder confirms they have safely stored their secret passphrase.
  4. They have full access to their Nxt wallet.

PLEASE MAKE SURE YOUR NXT ADDRESS “SECRET” PASSPHRASE IS SECURED AND WORKING BY TESTING IT WITH THE NXT DESKTOP APP: https://nxt.org/download/. ONLY STAKEHOLDERS WHO HAVE CONFIRMED SAFE STORAGE OF THEIR SECRET PASSPHRASE WILL RECEIVE THEIR ADL COINS. ADEL WILL NOT REISSUE ADLs IF THE STAKEHOLDER HAS LOST THEIR SECRET PASSPHRASE.

When you enter your Nxt wallet, please check that your Nxt Address is the same as the one on your Adel account. In some instances, the Nxt Address will be different. This typically happens when the passphrase is wrong. If this occurs, we recommend starting with a new Nxt Address, or using the new address from your Nxt Account, entering it into the Adel Dashboard under “Change” and “I already have a Nxt Address”, and entering your new Nxt Address.

Step 0 – Log in to your Nxt Account: nxt.org/download

 

Log in using the    icon and enter your secret passphrase.

We recommend using a secure password vault such as Lastpass (https://www.lastpass.com/) to store your secret passphrase.

Step 1 – Confirm Nxt wallet = Adel account address

This step ensures you are creating a valid token for the correct Nxt address:

Step 2 – Click on the Settings Menu

Step 3 – Click on “Generate Token”

Step 4 – Enter “Adel” and your secret passphrase in the Passphrase field

Step 5 – Copy your token

Step 6 – Have you safely stored your passphrase?

Step 7 – Paste your token into your Adel Dashboard

Adel ▲ Opinion ▲ A Collaborative Blockchain Incubator

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

A Collaborative Blockchain Incubator

Most blockchain initiatives had a singular goal: to introduce a new blockchain platform (Ethereum, July 2015; Lisk, May 2016; Waves, January 2017). More recently, projects began to appear to focus on launching a more fintech-focused service linking blockchain to gold such as Digix Global[1], or Ether ETF, the first ever Ethereum-related Exchange Traded Product (ETP) in the United States[2].

With so much innovation in blockchain, is there a market to consolidate ideas into a single platform?

  • What about an ecosystem that encourages diversity across many industries with a vision of collaborative success?
  • Similar to the crowdfunding success of Kickstarter, a startup incubator that will legalize projects and help them be successful.
  • A single platform that unifies people from various industries, disciplines and regional backgrounds to accelerate idea development and implement real-world projects.
  • A community that enables innovation and equity ownership in projects.

The incubator model[3] has proven itself effective because people bootstrap ideas into viable projects without requiring exorbitant amounts of seed capital. Combining startup incubation with collaborative workspaces[4] is a rapidly growing phenomenon. These environments provide local space for startups to form and allow users to share resources and expertise to cross-pollinate ideas. They leverage business services like human resources and effectively manage funds.

Economies of Scale Through Collaboration

These new approaches to startup incubation demonstrate the need for efficiency, cost savings, and community in order to give ideas momentum. Efficiency is created by using investment funding in an ecosystem where multiple industries work together. Sometimes the best ideas come from disparate disciplines joining together to create something new which could not have been realized in isolation. The relationship between medicine and engineering has proven this synergy for several decades[1].


Figure #1: Adel Community Modules

Merging real-world incubator initiatives with virtual collaborative workspaces is the vision of Adel Ecosystem Ltd. Adel’s global incubator will include six online modules (Figure #1) with the intention of fostering collaboration.

  • A collaboration module will be a discussion forum to fuel ideas, as well as develop business plans for ideas that the community supports.
  • A voting module will enable a democratic vote by members.
  • A project module will show a bi-weekly status of project operations and success metrics.
  • A market module will be used to sell products and services from those projects, as well as post job vacancies in the various projects. Addition modules will be introduced, including one for currency trading.
  • Wrapping up the modules are the account and trading modules which show the status of the member’s wallet and allow them to send and receive coins with other members of the community.

Adel co-founder, Gabriel Dusil, is up for the complex challenges ahead, commenting, “Our decentralized and virtual incubator has its challenges, but we will manage that. As leaders and curators, it will be our responsibility to make sure that efficiency is maintained and momentum is sustained. When we see that there is a constructive effort to move ideas forward then we have the responsibility to make sure that process continues to flow. That is one of our main responsibilities as curators of the community”.

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/.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

References

[1] https://www.asme.org/engineering-topics/articles/bioengineering/top-5-medical-technology-innovations and http://medicalfuturist.com/top-10-medical-technologies-of-2016/

[1] https://www.dgx.io

[2] http://www.zerohedge.com/news/2017-04-26/ethereum-surges-all-time-high-sec-considers-ether-based-etf

[3] https://www.inc.com/john-rampton/top-10-hot-incubators-to-join-in-silicon-valley.html and https://www.forbes.com/sites/tomiogeron/2012/04/30/top-tech-incubators-as-ranked-by-forbes-y-combinator-tops-with-7-billion-in-value/#6b70519d51f3

[4] https://hbr.org/2011/11/inventing-the-collaborative-workspace

Adel ▲ White Paper ▲ Foundations of a Community Accelerator

Foundations of a Community Accelerator

▲ Roadmap Series

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

Abstract

Adel is passionate about creating a robust platform for blockchain innovation. We have great plans for the ecosystem. It is our intention to move forward with building the Adel ecosystem and progressing with our roadmap[1]. For this reason, and in light of the ICO funding progress to date, we have prepared this revised and compelling roadmap for participants of the ICO.

Many contributors have commented that Adel is the most undervalued ICO at the moment. Our platform represents a unique opportunity for blockchain startups to be successful. Adel has strong leadership and expertise to make this happen, and it is our feeling that participants of the ICO also believe in our vision. The following plan, outlined in this paper, is a win-win from several angles:

  • ICO participants have the ability to receive a new 20% Post·ICO bonus on their contributions – in addition to the ICO Bonuses achieved through the ICO.
  • Contributors will receive higher market value for their ADL coins.
  • The Adel Reserve (explained below) will enable the ability to raise further capital for new projects.
  • Members of the community will benefit from the liquidity of the ADL coin.

Cornerstone

Adel strongly believes in the vision of a collaborative community that will collectively create the foundations for launching successful projects.

Adel initially established 900 BTCs as a minimum to begin phase two[2] of the ecosystem’s development. This phase entails: building the community, creating a legal structure for community members to participate in the community, and launching a selection of voted projects. From this minimum, 30% (270 BTC) was allocated to fund this process.

Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and Know your Customer (KYC) compliance processes were necessary steps to protect the community. With cryptocurrencies becoming mainstream, it is only a matter of time before all projects comply with effective legislation and regulatory oversight. Adel took on this challenge as the first ICO to be compliant to regulations. With the proposed amendment of the European Union 4th AMLD (Anti-money Laundering Directive) explicitly regulating providers of virtual currencies services, which now awaits EU Parliament 1st reading, it is more than likely that compliance will be enforced on all crypto exchanges and wallet providers. On the other hand, these measures have attracted serious business executives who are interested in building Adel.

By establishing our legal entity, Adel Ecosystem Ltd., and registering as a Designated Business with the Isle of Man Financial Services Authority, Adelphoi is in line with valid laws and its AML compliance procedures are duly documented. We have also stated our future intention to release the Adelshare (ADS) token so that members will have ownership and profit sharing rights. In addition, we have hired a team of finance, legal, and investment experts to design the second phase of our strategy. We are proud to say that the foundations laid in phase one complement the processes we will have road mapped in phase two.

Adel fully intends to bring the community together and have everyone who invested over 1 BTC to become part of the community. Adel is ready to take on any project blockchain idea and turn it into a successful mainstream product. However, before we do this, we need to hold a vote in order to decide the path Adel should take based on the following proposal.

ICO Compensation Plan

With 900 BTC as our publicized minimum, this entailed a reserve of 30% (i.e. 270 BTC) to implement Adel’s second phase. The remaining 70% BTC would be used to fund community projects. In light of the current ICO crowdfund status, we have prepared a revised plan to ensure that enough seed capital will exist to sustain Adel’s growth for the foreseeable future. For this reason, we propose following:

Adel will establish a fixed rate for the Adel coin (i.e. based on the minimum amount required in the ICO). This fixed rate will be the initial market value for the ADL coin on exchanges:

The following example is based on Adel collecting 380 BTC from ICO contributions. The calculations below will be readjusted based on the final amount collected at the end of the 1st ICO (the accompanying spreadsheet can be used to calculate the final figures). Therefore, Adel will distribute a proportional percentage of 28,333,333 ADL coins to ICO participants, calculated as follows:

  • Adel will offer a new favorable rate to ICO participants to reward their confidence in Adel’s vision. On this basis, an additional 20% will be allocated from the Adel Reserve (see below) for PostICO Participant Bonuses (this is in addition to bonuses received during the ICO):

  • An ADL reserve, retained by the Adel Ecosystem to raise funds for future project equity, will be calculated as follows:

  • The exact value of the ICO bonuses will not be known until the end of the ICO, and will be calculated from the contributions of all ICO participants.
  • The ADL Reserve will initially be traded on exchanges at the fixed rate calculated above = 00003176 ADL per BTC. The BTC obtained will remain in escrow until the investment entity and the Adelshare ADS token is established (roadmap: phase two).

Adel is currently negotiating with exchanges to list our ADL coin. Listing ADL on exchanges will allow for a new wave of investors to join the community after the ICO, and potentially raise the value of ADL substantially after the ICO.

Participant Example

The accompanying spreadsheet can be used to calculate the Adel Wallet for any ICO participant. In this example, we assume that a participant has their Dashboard showing the following details:

  • Your Share: 276% (Voting power will be recalculated based on active members)
  • Your Contributions: 0072 BTC
  • Adel Coins: 644,866 ADL (Wallet is recalculated below)
  • Voting Bonus (Account tab): 8763 (or 17.50% averaged ICO bonus = “effective BTCs”).
  • First of all, the participant’s Adel coins are recalculated based on the fixed rate above, 31,481.5 ADL per BTC, as follows:

  • Secondly, their voting bonus is converted to an ICO bonus as follows:

  • Thirdly, their PostICO Participant Bonuses is calculated as follows:

  • This participant’s effective ADL return on investment is their ICO bonus + PostICO Participant Bonuses: 17.50% + 20% = 37.53%.
  • From the figures above, their wallet and total bonuses are calculated as follows:

Revised Dashboard:

  • Your Contributions: 0072 BTC
  • ICO Contributions in ADL: 157,748 ADL
  • ADL ICO Bonus (17.50%): 27,587 ADL
  • Post·ICO Participant Bonus (20%): 31,527 ADL
  • Total Wallet: 216,748 ADL
  • The participant’s actual voting power will be calculated proportionally, based on the active members holding over 1 BTC in their wallet.

ICO Thresholds

  • Up to 270 BTC ▲ BTC funds up to 270 BTC will be released to Adel to fund phase two. BTCs raised from the sale of ADL on the exchanges from the Adel Reserve will be placed in escrow. Any BTC raised above 270 BTC will be stored in escrow.

  • Up to 643 BTC ▲ This is the upper limit of the “ICO Compensation Plan” outlined above. This threshold is needed because the remaining Adel Reserve will be used to pay the 20% Post·ICO Participant Bonuses, plus the theoretical maximum of 20% paid for the ICO Bonuses, calculated as follows:

  • Above 643 BTC up to 750 BTC ▲ In this bracket, ICO Bonuses will be calculated on a weighted distribution as outlined in White Paper #1. But ICO participants will still receive an additional 20% Post·ICO Participant Bonus for their participation:

  • Above 750 BTC ▲ All bonuses will be calculated on a weighted distribution as outlined in White Paper #1. Voting will be held by members contributing over 1 BTC during the ICO to decide on the ICO Compensation plan above.
  • Above 900 BTC ▲ All bonuses will be calculated on a weighted distribution as outlined in White Paper #1. No voting will be held because the ICO minimum will have been achieved.

ICO Voting

As per the use of funds, 270 BTC from the BTCs collected from the ICO will be released from escrow immediately after the ICO in order to build the community, portal modules, and create a legal structure for community members to participate in community investments through the ADS token (as per originally planned). BTC collected from the Adel Reserve and sold on the exchanges will be escrowed and released after the investment vehicle is established (phase two). In addition:

  • All community members who contributed over 1 BTC will vote on the release of the 270 BTCs to Adel based on the above plan, proportional to their voting power. The final decision on how to proceed will be made by those who have voted.
  • If the community votes “Yes”, then Adel will proceed with the Post ICO Strategy (above). Adel will also assess if these funds will allow at least one global project to be launched.
  • If the community votes “No”, then all BTC contributions will be refunded without bonuses. Adel will then retain all 28,333,333 ADL to be then sold to interested parties at an initial fixed rate of 1 ADL = 0.00003176 BTC.
  • ICO Terms & Conditions will be updated to reflect the changes in this white paper.
  • Participants who would like a refund of their ICO contributions before the community vote of this plan can send their request to ico@adelphoi.io. Refunds will be issued based on the email address of the participant and their BTC refund address (provided in the settings menu of their ICO module). Refunds will only be accepted before the voting window commences on these planned changes to the ICO Terms & Conditions.

In summary:

  • Participants can be refunded their contributions, if they wish, before voting commences on this plan.
  • Participants will be able to receive their contributions back in BTC if this plan receives a majority “No” vote from the community members who contributed over 1 BTC.
  • If a majority vote to this plan is “Yes”, then participants will be issued ADL coins based on their ICO contribution as per the example calculations in this paper, plus an additional 20% Post·ICO Participant Bonus, plus their ICO Bonuses.

Future Developments

The Adel Board has ambitious plans to launch the community portal and to launch global projects owned by the community through the ADS token. Areas which have not yet been publicized and are planned for a new white paper include:

  • Plans to open the first professionally managed cryptocurrency investment platform to effectively manage funds collected and traded on speculation. This will be part of a risk management strategy for community funds, and any licenses and legal entities to realize this goal will be pursued.
  • Adel also plans to open a cryptocurrency trading platform for community members.
  • Regarding projects, the focus will be to propose and communally enhance FinTech projects such as cryptocurrency exchange with financial instruments, Exchange-Traded Fund (ETF) investment funds, and a P2P ATM, all of which will be available for the community to vote on.
  • In addition, Adel continues to strategize on business plans that will maximize value for the Adel community.

About Adel

Adel is a technology incubator for blockchain innovation.

  • Adel is a global cryptocurrency community that is 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 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] Reference: White paper #10, “Designing a Blockchain Incubator”.

[2] Reference: White paper # 1, “Building a Decentralized Ecosystem”