Adel ▲ White Paper ▲ Responsibilities in a Crypto-economy

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

▲ Foundation Series

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

Abstract

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.

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.

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 Collaboration 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 Collaboration 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 Collaboration 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.

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. All participants in the community will have to identify themselves to meet minimum Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and Know your Customer (KYC) requirements.

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 Collaboration 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.

Additionally, 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.
  • 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, immoral 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.

  • 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.
  • Marketing & Strategy ▲ Gabriel Dusil▲ This team will create and execute Adel ecosystem 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.
  • 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 Collaboration 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 ▲ Adel 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-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.

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
Michal Vavrek, Founder & Board Member, Adel

Abstract

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

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).


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.

Redistribution

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.

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.
  • 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.

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 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.

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 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: 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.

References

  • [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

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▲ Foundation Series

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

Building a Decentralized
Ecosystem

Abstract

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.

Creating the Foundation

Adel is a new cryptocurrency system and global community that is 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.

The Adel ecosystem will consist of three phases. 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 ICOs 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 (ADL) coins available in the Adel ecosystem:

  • 85 million ADL will be distributed through 3 rounds of an Initial Coin Offering (ICO).
  • 15 million ADL will be distributed amongst Adel Ecosystem Ltd. From this amount, 5 million Adelphoi will be released at each round of the ICO. This will ensure transparency and long-term commitment from Adel Ecosystem Ltd.

During the first ICO round, funds in BTC will be immediately placed into Adel’s escrow storage – an offline repository residing in a BitGo[2] account. ShapeShift and Changelly will be actively supported for ICO collection as they are the market leaders in instant digital currency conversion. Both ShapeShift and Changelly are used to easily convert cryptocurrencies from one to another. Any participant of the ICO will have to identify themselves to meet minimum Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and Know your Customer (KYC) requirements.

Phase 1 ▲ Community

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

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 establishes the structure of the Adel Board, as well as the senior management team and staff members who 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 one month. A minimum contribution is required to become an 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 automatically exchanged for Bitcoin via ShapeShift or Changelly. Tokens not accepted by these exchanges will not be accepted in the ICO. After the first ICO round, the total amount will be proportionally calculated and exchanged for 28,333,333 units of Adelphoi and distributed to each Adel stakeholder. An additional five million Adelphoi will then be allocated to Adel Ecosystem Ltd.

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

  • 20% bonus in ADL ▲First 3 days ▲12:00 noon UTC on May 1st till 23:59 UTC on May 3rd
  • 15% bonus in ADL Next seven days ▲ 00:00 UTC on May 4th till 23:59 UTC on May 10th)
  • 10% bonus in ADL ▲ Next seven days ▲ 00:00 UTC on May 11th till 23:59 UTC on May 17th)
  • 5% bonus in ADL ▲ Next seven days ▲ 00:00 UTC on May 18th till 23:59 UTC on May 24th)
  • 0% bonus ▲ Last seven days ▲ 00:00 UTC on May 25th till 23:59 UTC on May 31st)
  • 15% bonus in ADL ▲ Special bonus for contributions of over 20 BTC ▲ Stakeholders who exceed this minimum will receive an automatic bonus of 15% no matter when they submitted their first contribution.

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

Prior to the ICO Adel will establish a total minimum amount of funds received by contributors of the ICO (refer to Adel’s FAQ at www.adelphoi.io). In the event that this minimum contribution is not reached, there will be a vote conducted amongst the community members as to whether Adel will continue.

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

  • The homepage, 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 and philosophies that fuel our ecosystem.
  • The Adel Community Portal will be an 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.
  • The status of each community member’s contributions will be displayed in real time in the Account Module. Each community member will be able to see the status of any payments they receive in this module.

Phase 2 ▲ Projects

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

Adel’s second phase will begin as soon as the first ICO window has closed and will run until the 2nd ICO.

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

  • The Collaboration Module will be the social media platform using third-party services 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.
  • Adel will nominate the members of the Project Review Committee who will evaluate ideas, and develop business plans, before they are submitted to the community vote, as well as participate on forums to discuss ongoing projects with the community.
  • 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 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.
  • 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.
  • A Market Module will be used to post job descriptions, and for members to submit their resume to any available position. This module will also list products and services that are available from any project, with favorable conditions for community members.

This phase will further establish the foundation for Adel project submission, approval, marketing, and ongoing operations. Projects involving technological innovation can 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 profits or exits.

A new licensed legal entity called Adel Ltd. plans to be established as the vehicle for pooled community investments into community-owned projects. This entity will issue equity shares called Adelshares (ADS). These will be tokenized on the blockchain as the Adelshare (ADS). Adelshares will be purchased only with the Adelphoi coin. When Adel Ltd. is registered, participants will be offered the opportunity to purchase ADS with their ADL, to establish equity ownership in Adel Ltd. and its portfolio of community-approved projects. Ownership of ADS allows its holder a respective share of dividends on the basis of one unit per ADS. Any dividend payment will be paid out to shareholders in ADL.[3]

First round ICO participants will be offered preferred conditions when purchasing Adelphoi in subsequent rounds. Each ICO round will be associated with innovative projects that will be funded by capital raised by their respective ICO.

Phase 3 ▲ Execution

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

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

Adel will utilize a BitGo account to collect funds for Adel Ecosystem Ltd. ICO funds will be collected in escrow and will require five out of six signatories to approve the release of funds. These signatories comprise of three Adel Board members and three external and independent parties, well-known in the crypto community. The funds will be released in a phased manner as follows:

  • 30% of the BTC escrow funds will be released shortly after the ICO (1st of June 2017) to continue paying developers, legal services, support costs. These funds will be used for building the community portal and its modules, and launching the second phase of Adel Accelerator Ltd, and its Adelshare (ADS) token.
  • Once the ICO is closed, then ADL coins will be distributed to ICO participants, and their balance will be visible in the community’s account module. Participants contributing over 1 BTC during the ICO will be invited to become a community member, and depending on their ADL balance additional identification details will be collected in order to meet Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and Know your Customer (KYC) requirements.
  • Selected external exchanges will be contacted prior to the end of the ICO for members to trade their ADL afterwards.
  • 70% of the BTC escrow funds will be released to Adel Ecosystem Ltd. after the fund license is granted, and Adel Ltd. is established as a legal entity.

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 BitGo account.
  • 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 transaction amount of BTC for security reasons, dependent on the operational activities of Adel projects and how they weigh against security risks.

ICO Example

Legend

  • ADL = Adelphoi
  • BTC = Bitcoins
  • Stkhldr = Stakeholder = any participant holding any amount of Adelphoi

Interpretation

  • In this example, 33,333,333 ADL coins will trade based on a starting value of 0.890 US$ per Adelphoi (ADL).
  • Stakeholder A.2 (in the example above) with 40 bitcoins contributed receives a 15% voting influence bonus, equal to an “effective” bonus of 6 BTC which translates to 15% increase in ADL.
  • At the end of the 1st ICO, A.2 participant (in the example above) stakeholder’s voting influence is calculated at 0.149%
  • Stakeholder A.2’s ICO round one amount of ADL in their account will be 42,279.116 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 Ecosystem Ltd.
  • Those who have contributed a minimum of 1 BTC equivalent in Adelphoi will be invited to the community. After the ICO this minimum will be increased to 2 BTC (equivalent in ADL). This is to mitigate the creation of multiple accounts, as well as to provide a clearer voice for those who have a significant stake in the ecosystem.

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: 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.

References

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

[2] https://www.bitgo.com/

[3] This plan is subject to change, based on the type of fund license that will be established, and the jurisdiction where the Adel Ltd. entity will reside.

Digital Video Generation • To December 2016

In February 2013 I finally realized my dream to have my own blog. Looking back on nearly four years of posts, even I’m surprised at how much I had to say about the ICT world. This even inspired me to launch my personal blog at gabrieldusil.com, two years later.

To help navigate through my professional blog I have provided these hyperlinks to easily connect to my posts.

Enjoy!

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

• Motion Graphics

• Oak Case Mod™

• Digital Trends Video Opinions

• Presentations

• Digital Video Articles

▲ Adel

▲ In Nxter, Venture Beat, Fintech Finance, and more…

▲ Motion Graphics ▲ Welcome Introduction

▲ In Forbes, The Economic Times, The Paypers, and more…

▲ Creating Opportunities for Blockchain Innovation

• Consulting

• IT & Security

• OTT & Multiscreen  Seminars

• Entertainment Challenges in Today’s Digital Society

• Entertainment

Adel ▲ Press ▲ In Nxter, Venture Beat, Fintech Finance, and more…

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Adel had great coverage last week, continuing from our website launch on December 6th. Here are some highlights:

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Adel – Creating Opportunities for Blockchain Innovation

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All you need to know about ICO investment

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Before you invest in a blockchain startup, read this

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Fuelling Innovation in a Fundraising Ecosystem

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Listing – BiFabu.com 

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11 Blockchain-Focused Startup Incubators as Unconventional as the Technology

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Listing – Travin Keith, Marketing Manager at Adel

Adel ▲ Motion Graphics ▲ Story

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Today we released our first motion graphics video, introducing Adel to investors, partners, and future stakeholders. We are also showcasing this video on our website, adelphoi.io, in the “Why Us” section, play button. This is the first in a series of videos we plan to release, over the next three months. Stay tuned, and enjoy!

Participate in our Initial Coin Offering (ICO) on the 1st of May 2017.

 

 

 

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

Gabriel Dusil
Co-Founder & Board member, Adel

 

Adel ▲ Press ▲ In Forbes, The Economic Times, The Paypers, and more…

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We had great media coverage this week, from our Adel website launch. Here are some highlights:

2016.Dec.6

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Adel Fintech Incubator Unveils Crowdfund Using Nxt’s Blockchain

2016.Dec.6

04-jul-johannesburg-%c2%b7-gabriel-dusil-namitech-medium-crop-befunky-cartoonizer-233-teal

Adel ▲ Creating Opportunities for Blockchain Innovation

2016.Dec.6

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▲ Adel announces 2017 blockchain ICO

2016.Dec.6

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▲ Adel, a technology incubator for blockchain innovation

2016.Dec.7

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▲ Adel to support blockchain projects, ICO to begin in March 2017

2016.Dec.7

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▲ Czech fintech incubator launches ICO on Nxt’s blockchain

2016.Dec.7

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▲ Adel FinTech incubator unveils crowdfund using Nxt’s blockchain

2016.Dec.8

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▲ The Adel community will support the Blockchain project, beginning in March

Adel社区将支持区块链项目,Adel ICO将于2017年3月开始

Fuelling Innovation in a Fundraising Ecosystem

Adel Launches Website

  • Adel are custodians of its ecosystem and its community members
  • Mobilizing community expertise and resources
  • Voting, collaboration, and expert participation in projects
  • Leading FinTech adviser Jan Lamser joins Adel Board

Adel, an infrastructure aimed at developing, supporting and funding innovative startups using blockchain technology, announced its plan today for a month-long ICO which will open on the 1st of March, 2017. The Adel ecosystem consists of stakeholders, registered community members, staff, the Project Review Committee, and the Adel Board. Their vision is to create an ecosystem of innovative projects where members can participate in, mentor, and improve project plans. Adel offers a decentralized alternative to traditional venture capital funding, angel investments, and other established financial sources.

Co-founder and Board member, Gabriel Dusil comments, “We’re lucky to have this opportunity to introduce Adel to the evolution of blockchain technology. Our research team has identified an exciting untapped market opportunity:  providing parties interested in innovation with a community-based infrastructure to participate in long-term projects. By leveraging the emergence of blockchain as a service (BaaS), we created the Adel ecosystem so that participants have a collaborative platform to initiate, develop, showcase and fund their innovations.

Adel is a global community that is self-regulated, self-sustained, and offers its own economic ecosystem using the Adelphoi cryptocurrency token.  Adel is built on Nxt, the leading decentralized blockchain as a service platform, and Ardor, which is the next evolution of Nxt’s technology. Participation in startups will be decided by the Adel community, while successful ventures will be developed and issued as rewards to Adel’s stakeholders. The community and stakeholders will have the opportunity to introduce use cases that involve blockchain technology.

Jan Lamser, Co-founder and Board member adds, “We are very excited by the prospects of blockchain technology transforming many industries. The momentum created in distributed ledger solutions is impressive. There is a lot of energy and diversity amongst entrepreneurs in the FinTech industry who are looking for ways to harness blockchains. All too often, traditional approaches to mobilizing resources miss out on the potential of startups. Adel provides a forum of like-minded parties who understand these needs.”

High levels of integrity, ethics, compliance, and security are of the utmost concern for Adel’s founders. Ultimately, it is the collective vote of Adel’s members that decide which projects are launched and supported. Served by a staff of 18 people and still growing, Adel will empower the community and its members. Their mandate is to evaluate startups and provide guidance to the community.


Adel is a technology incubator for blockchain innovation – Dedicated to delivering a resilient ecosystem for its community. Adel is an infrastructure aimed at developing, supporting and funding innovative startups using blockchain technology. The ecosystem consists of stakeholders, community members, staff, a Project Review Committee, and the Adel Board. Its aim is to support projects where members can participate, mentor, and improve their business plans. Adel will harness blockchain as a service (BaaS) to create a collaborative platform for developing, showcasing and funding innovations. Adel is built on Nxt, the leading decentralized blockchain as a service platform, and Ardor, which is the next evolution of Nxt’s technology.

Adel ▲ Creating Opportunities for Blockchain Innovation

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www.adelphoi.io

It’s astonishing what people can achieve when they believe in something.

In January 2016 my friend, Michal Vavrek had an idea to create a community-based ecosystem to fuel project innovation. So he flew to Amsterdam to meet with the Nxt Foundation, and they agreed to support the project. A few weeks later Miša approached me to co-found the company with him, and we began working on what would become Adel.

Adel is a Technology Incubator for Blockchain Innovation

Here we are, 10 months later and we have a lot to show for our efforts. Our staff has grown to eighteen, and we are a global team and completely decentralized.  It’s been a team effort throughout this journey, and each member brings their own unique expertise to make us great. The team is filled with passion to make this project a huge success.

Over the next three months we’ll introduce Adel to the world, with white papers, projects, infographics, and other materials. Our activities in the next few months will lead us to our Internet Coin Offering (ICO) on the 1st of March 2017. These are exciting times for blockchain technologies, and Adel will soon be a major player in it’s evolution and innovation. Check out our new website, and learn about the exciting things we’re planning.

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

Gabriel Dusil
Co-Founder & Board member, Adel