Hello BitcoinTalk members,
The Securities Exchange Commission recently released a statement regarding Initial Coin Offerings related to the DAO and other distributed autonomous organisations (DAO), in general. Here are the details on the recent SEC report, deliberating ICO schemes under the US securities regulations:
https://www.sec.gov/news/press-release/2017-131https://www.sec.gov/litigation/investreport/34-81207.pdf
Adel’s Response ▲ SEC Release #81207 on the DAOTo clarify Adel’s market position and future plans for its ecosystem, we felt it prudent to prepare this statement, to differentiate our strategy to DAO-based business models:
▲ Adel is the first ICO in the world to confirm with AML/CTF/KYC regulations (Anti Money Laundering and Counter-Terrorism Financing) including implementation of KYC (Know Your Customer) measures. This legal foundation was crucial to establishing legitimacy to Adel’s future.
▲ Adel is mindful of existing and pending regulations. Compliance has been a pivotal consideration to the architecture of the Adel ecosystem.
▲ Adel continually monitors securities regulations, and we endeavour to align our initiatives with regulatory changes.
▲ Adelphoi (ADL) is a cryptocurrency coin, issued within the legal jurisdiction in the Isle of Man by Adel Ecosystem Limited (a private limited liability company), residing at Salisbury House, 15 Victoria Street, Douglas, Isle Of Man, IM1 2LW.
▲ Adel Ecosystem Limited is registered as a designated business with the Isle of Man Financial Services Authority, which insures AML/CTF compliance.
▲ Adel’s second phase - referred to as the blockchain innovation incubator - has not yet been launched, since it is currently being architected, as outlined in our 10th white paper.
▲ It is the intention that Adel`s second phase will utilize a new Adelshare (ADS) token, enjoying the benefits of a distributed ledger. The legal status underlying ADS tokens will be fully compliant with existing regulations.
Adel Bounty Program ▲ RecapAdel’s bounty program is based on services that will help fuel its ecosystem and attract new members. At the moment, these services include quality content and well produced materials such as:
A) Video promotions:
▲ Review of our website
▲ A review of our motion graphics videos
▲ Review of our white papers
▲ Review of our projects
▲ Independent personal review of the Adel philosophy and ecosystem
▲ Discuss blockchain incubation in a community environment
▲ etc.
B) Articles or opinion pieces. This can be an independent or collaborative effort with Adel, and can include topics such as:
▲ Startup incubation
▲ Community-based ecosystems
▲ Blockchain innovation
▲ Fintech, Healthcare, IoT, ICT or eGovernment projects
▲ Crowd/angel/VC investments
C) Blog posts with prominent bloggers and vloggers, and well respected blockchain community members who have reach to a wide audience. The main target audience include those who haven't yet heard of Adel, new crypto or mainstream investors who would be interested in becoming an Adel member.
Please contact us at
adel@adelphoi.io, if you are interested in offering one of these services, or you have a different and unique idea worth presenting. We are happy to discuss a suitable bounty reward.