Adel ▲ White Paper ▲ 2 ▲ An Incubator for Blockchain Technology


▲ Foundation Series

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


This paper provides an overview of Adel and its ecosystem. We outline how the community can interact with Adel’s staff, as well as activities surrounding project submission, approvals, and operations.

Adel Ecosystem


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).

Community 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 ▲ 70% to the community ▲ 30% for Adel Ecosystem Ltd.
  • Community Innovator Projects ▲ 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 ▲ x% to the innovator ▲ 70%-x% to the community ▲ 30% for Adel Ecosystem Ltd.
  • 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 selection of minority members who raise the necessary capital to launch the project.
    • Funding ▲ 100% group funded
    • Rewards ▲ 70% to the group ▲ 30% for Adel Ecosystem Ltd.
  • 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 selection of minority members who raise the necessary capital to launch the project.
    • Funding ▲ 100% group funded
    • Rewards ▲ x% to the innovator ▲ 70%-x% to the community ▲ 30% for Adel Ecosystem Ltd.


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 Ecosystem Ltd. 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 Ecosystem Ltd. 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 to Adel Ecosystem Ltd. for growing 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.


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.
  • Collaboration 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.


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 accepted 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 Collaboration 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.
  • 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.


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.


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 minimum voting threshold is not established, then the vote may 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-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: and

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.

Further Reading

1. Building a Decentralized Ecosystem

In this white paper, we discuss the phased rollout of Adel’s ecosystem. The first phase includes the launch of Adel through an initial coin offering (ICO). Phases two and three will focus on building and managing the community.

2. An Incubator for Blockchain Technology

This paper provides an overview of Adel and its ecosystem. We outline how the community can interact with Adel’s staff, as well as activities surrounding project submission, approvals, and operations.

3. Responsibilities in a Crypto-economy

Adel is a community where every member is connected through token participation and voting. This paper outlines the roles and responsibilities of community participants, including its members, project managers and Adel’s leadership.

4. Creating Value with Cryptocurrency

This white paper outlines Adel’s advantages from three vantage points: its underlying blockchain technology, the Nxt and Ardor platforms from which Adel is built, and the additional business processes Adel has introduced to provide effective, community-based funding.

5. Differentiation in the FinTech Revolution

In this paper, we discuss existing cryptocurrency technologies that are available today by providing an overview of the blockchain marketplace and Adel’s position within it.

6. Maintaining Integrity

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

7. Inspiring Innovation

Spontaneity and creativity is impeded by a heavily formalized process which has been established by sizeable institutions that have evolved over many decades of operation. We outline how Adel will change the investment landscape and inspire technological innovation.

8. Protecting the Community

In this paper, we outline established procedures to mitigate risk to Adel’s ecosystem while protecting its brand, infrastructure, and the integrity of blockchain solutions.

9. Managing the Ecosystem

This document frames the procedures established by Adel for community projects. We discuss the guidelines for proposal submissions, reviews and approvals, as well as management and operational oversight. We also outline fund allocation to approved projects and reward distribution to stakeholders.

10. Designing a Blockchain Incubator

In our continued efforts to communication Adel’s vision, this white paper expands our three-phase roadmap explained in White Paper #1, “Building a Decentralized Ecosystem”. We have now included our timescales to list ADL on exchanges, the introduction of our Adelshare (ADS), move to Ardor, and project execution (phase 3).

More White Papers

Check out more Adel white papers via these links :

▲ 1 ▲ Building a Decentralized Ecosystem

▲ 2 ▲ An Incubator for Blockchain Technology

▲ 3 ▲ Responsibilities in a Crypto-economy

▲ 4 ▲ Creating Value with Cryptocurrency

▲ 5 ▲ Differentiation In the FinTech Revolution

▲ 6 ▲ Maintaining Integrity

▲ 7 ▲ Inspiring Innovation

▲ 8 ▲ Protecting the Community

▲ 9 ▲ Managing the Ecosystem

▲ 10 ▲ Designing a Blockchain Incubator

▲ 11 ▲ Foundations of a Community Accelerator

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