A New Coin Upcoming ??— Adel Ecosystem Ltd.

6 min readNov 11, 2017

As you might know, the Blockchain Agnostic — Community Incubator for Blockchain Innovation — Adel Ecosystem Ltd, is using the Nxt Blockchain and later (Q1 2018) Ardor Blockchain for their Community modules.

The Adelphoi coin (ADL) has been created on Nxt and will migrate to Ardor later on. There is currently low volume for the ADL coin, because there are alot of Hodlers that don’t want to sell and the coin is not on a big exchange.

Adel NOW has a proposal for that.

You have to Listen, please!?

There are multiple types of people in the community and I have picked out a couple interesting ones:

1. “I don’t care about Daytraders”
“…I am long-term in ADL and I would advise to stick to building the ecosystem and keep focussing on the incubation of Projects.”
2. “I have invested for quick profit, but I’d also like to work on Adel projects for long-term”
“…I have invested in the ICO and don’t see alot of value rise as I’d hoped it would be. But I’d also like to be here longterm as alot of opportunities lay ahead of me to be able to work on projects and my own startup ideas in the Adel Ecosystem.”
3. “The Daytrader”
“I want to make good profits on daytrading ADL, but Adel needs to be on a bigger exchange”

They all advise Adel to go for different strategies. Which one is the best or are there multiple?

The Road to Succes

Adel held the Worlds 1st succesful KYC AML CTF Compliance ICO in May this year and received fundings of about 1.5 million EURO at the time.

They have used the Nxt Blockchain for the ICO, which is a great and safe platform with alot of built-in features secured by the blockchain. As Nxt is not hyped as much as Ethereum is, alot of possibly interested people didn’t know about the project. Also because of the legally compliance part, the USA was ruled out for the ICO.

If Adel would have held their ICO on Ethereum platform, would they have raised +10Million? Would they also have had a larger community now, and been on more exchanges….?

Looking at cryptoland it is true that you need a high marketcap to be seen by the larger crowd, where most of them just want a fast profit. For that you need to be on the Big Exchanges.

Real projects that are on a different blockchain than Ethereum or Bitcoin are less known, as big Exchanges are not eager of adding them, due to the fact they have to hire developers for the integration, they don’t want to administer another blockchain or they want the “easy money”.

So coming back to the question if Adel should have chosen Ethereum as ICO platform from the start: I don’t know, maybe they should have, maybe they shouldn’t.
One thing is for sure the ICO was great on Nxt: fast, no security issues etc.

And Adel is learning and improving. With the feedback of the community and the lessons learned of these last couple of months, they have now come up with an idea that might give the community satisfaction and makes it easier for interested people to become a member or stakeholder.

ADE — The Proposal of Adel

Adel has announced this week that a new coin will be made called AdelEther on the Ethereum blockchain if the community members vote YES. So its still a proposal.

Aside of this, Adel continues to develop their ecosystem with the focus of incubating World changing projects together with the Adel community.

But than there are 2 coins???

ADL & ADE —Blockchain Agnostic — You Choose

As Adel is blockchain agnostic, the hole idea of having 2 coins and using 2 different blockchains, shows that Adel is different than other blockchain projects around.

They don’t have the Us versus Them mentality.

You can choose which coin you would like as both coins will be used in the Adel Ecosystem.

What, Why, How?? Questions, questions…

Adel is currently building up a FAQ to make more clear.

Also the legalities and structure for the ADE coin are being worked out.

Community Voting is planned before Christmas this year, exact date not known yet at this moment.

Gabriel Dusil, co-founder of Adel has already posted some of the answers to your questions.

Q. When will the vote commence? plan to run the second stage ico?

A. There will not be another ico. Adel stakeholders will have the option to keep their ADL or exchange them for ADE.

Q. What will be happen with my adel coins, which are on the NXT wallet?

A. Your ADL will live on and you can keep them or exchange them for ADE (AdelEther). We anticipate that the ADE coin will have more options to trade on many more exchanges.

Q. What does this mean for Adel & Nxt?

A. Adel will continue to utilize the advantages of the Nxt blockchain. For example NXT will be utilized for the planned ADS (Adelshares) profit participation token. We also highlight the value of being a blockchain agnostic incubator.

Q. What is the timeline for the vote to move to ethereum?

A. The details of this proposal needs to be discussed with the community, and our legal teams so that this new ADE asset is created correctly. So there is no timeframe set for the vote at the moment. But we want to proceed with a vote as soon as possible, and practical.

Q. Will there be two coins in Adel: ADL & ADE?

A. Yes, both coins will exist in the ecosystem and serve as a transaction currency for members. This is the most practical scenario because it is unrealistic to expect that 100% of ADLs will be exchanged for ADE.

Q. Does this announcement mean that Adel is abandoning the Nxt blockchain?

A. No. We continue to support Nxt, and their robust features. Both ADL will reside as an asset on the Nxt blockchain. ADS will be an asset on the Ardor blockchain as a child chain. In fact we feel that the creation of Adel’s ADE coin may even help to raise the profile of Nxt, within the Ethereum community. We don’t want to propogate an “Us vs. Them” scenario, as often seems to play out between blockchains. Adel is blockchain agnostic, and we believe that there are much wider implications to blockchain’s positive impact on society and humanity.

Some more questions were asked in Telegram and Slack about the Supply, the Value difference of the 2 coins, what about Voting power, Project dividends etc.

When ADE is there, the community will get the option to trade ADL to ADE (1:1). For every ADL traded to ADE, 1 ADL will be burned to keep the total supply the same.

Voting power will be combined ADE and ADL the community member owns.

Valuewise there will probably be a difference, but Adel will setup something (don’t know what they will do yet, maybe a tethering option), to keep it fair. So for example becoming a member with ADL coins will be relatively the same as with ADE.

The project dividends of the upcoming Adelshare (Q1 2018), will be payed in either ADE or ADL. You choose!