What is the cryptocurrency ADK (Aidos Kuneen)? Complete explanation thoroughly!

This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK

neokichi

Hello. In this article, what are the features and promises of the cryptocurrency ADK I am investing? I will explain what kind of project is easy to understand.

myako

Thank you

neokichi

Would like to know more about ADK, Check this artcle as well!

・Aidos Kuneen, Aidos, ADK, or whatever you want to call it, EXPLAINED｜sumac microfinance bank

・This is to record my opinions about the solidity of “Aidos Kuneen”.(here in after, this is called “ADK”.)

・Summary by CryptoMegusuri

cryptocurrency ADK aims to establish an online offshore bank

neokichi

I would say what target ADK has is “To establish an offshore bank”

myako

establishing an offshore bank! ! … what does it mean?

neokichi

The main project of ADK is to establish an offshore bank, having said that What is “offshore“ first? I will explain from that.

What is the offshore market targeted by ADK?

neokichi

Offshore banks are banks where we are able to manage and possess money by opening accounts in “a tax haven（No-tax or Low-tax areas .） ” You can legally control taxes by depositing your own funds in an offshore bank account in a tax haven.（DEPENDS ON THE COUNTRY’S LAW YOU LIVE.）

myako

Huh?isn’t it tax evasion?

neokichi

Do not worry,this method is legal.
Google,Windows, Apple and something like these large company is doing it as well. That means that..It is legal!

myako

Well, I was relieved if those large company use it. It is interesting how much wealthy people are using offshore banks. .

neokichi

This offshore market is tremendously big, … It is said that There is 30trilion USD!

myako

30 trillion USD! ! · · · I can’t imagine How big it is.Because that is too much! (; ‘∀’)

neokichi

It has been said that The market of cryptocurrency is about 300bilion usd now. You can compare with that and imagine how much big it is.

myako

30 trillion USD! It is amazing! !

neokichi

Of course It couldn’t be possible that ADK takes all of them.but Ricardo Bodoer has said that “We could get 0.5% of the market”

myako

0.5% of 30trilion usd is 160bilion usd!

neokichi

That sounds about right. If this will happen,1ADK could be about 6,400usd.The founder said. It is about 20$ for now,so It would be 350times! (As of May,2018)

myako

Eh! It is hard to believe. .

neokichi

Of course that will happen when everything is going well.If it is not going well..It won’t happen. However,The maeket is huge. There is a chance for taking some of it!

myako

It is amazing. but will it be possible? I think that tough to beat..

neokichi

I will explain what the ADK actually does.

Make offshore banks in Non-AEOI countries.

neokichi

First of all, There is some famous countries which have offshore banks like Hong Kong,Singapore,The UK etc..but recently AEOI system came out. for thoes countries which joined AEOI, We have to give our name,address,country of residence..In other words, our information(income,savings and any other) is taken by countries.

myako

If I use an offshore bank that participates as AEOI,is it difficult to avoide tax?

neokichi

Yeah,That’s right! so even in offshore countries, If they are in on AEOI system, The wealthians seem to be worried that the assets they are depositing might be unveiled someday..Therefore, ADK will make offshore banks in Non-AEOI countries.

myako

I see. It would be great for keeping them secret.But isn’t there possibility that Non-AEOI countries would participate in AEOI in the future?

neokichi

That would happen some times,but Non-AEOI countries don’t have a merit of being AEOI in the first place. This is because that Getting offshore money as a tax haven makes the countries which is Non-AEOI better!

myako

Now I get that point.

neokichi

And ADK has already acquired the shares of two banks in Kenya and Tanzania which are Non-AEOI countries and ADK is already a major shareholder!

myako

Sounds awesome! Which bank are they anyway?

Kenyan bank is “Sumac Microfinance Bank”

neokichi

The name of Kenyan bank is “Sumac Microfinance Bank” There are photos of founder of ADK on their website.

http://sumacmicrofinancebank.co.ke/

Below is an announcement from ADK ‘s official Twitter.

#Aidos_kuneen Is happy to make our Acquisition of 16%+ in Kenyan Sumac bank official. We also want to congratulate ADK founder Mr Badoer for his Seat in the board of directors in the bank . Name of our Tanzanian bank to follow soon.

— ADK (@Aidos_kuneen) 2018年5月22日

neokichi

Sumac Microfinance Bank has a head office in Nairobi and it is a microfinance bank consisting of three branches (NGARA, KOINAGE, GITHUNGURI). They won the fastest growing sector of microfinance at Think Business Awards 2018. 

neokichi

An official document issued by The Central Bank of Kenya came out on June 5th 2018. This is a document that the public institution just proves that ADK has got the shares!

neokichi

Ricardo Badoer (Founder of ADK) also appeard on the website on July 24th as a boad menbaer.

Tanzanian bank is “Hakika Bank”

neokichi

The name of Tanzanian bank is “Hakika Bank”

http://hakikabank.co.tz/

neokichi

ADK has acquired 23% of the shares of Hakika Bank. Hakika Bank has been given a bank license from the central bank, and its customer base is solid.

myako

It is wonderful to own two banks♪

Construction of offshore banking network

neokichi

now they have two banks in Kenya and Tanzania, but they will get more bank in the world and to merge is their plan.That would bring ADK more storonger!

for those who don’t have any bank accounts will be able to get the account!

neokichi

ADK will be able to let people who cannot have a bank account to open a bank account easily. Using a mobile terminal and ADK makes it possible to do that cheaply.(There seems to be 2billion people with poverty who can’t have one.)

myako

Wow,2billion..

neokichi

Actually, in Africa, mobile payment called “M – Pesa” is very popular now.Using ADK could easily have a online account with mobile terminal. And ADK is No-fee for transfer. so it would be easy to use micropayment such as small amount payment. (I will explain later!)

myako

Great! People in Afirica are already familiar with mobile payment! If the fee is free and can have an account, There is a lot of chance to let those people to use ADK!

Other movements of ADK

Using ADK is available on Online-casino

neokichi

Bitcoin(onlinecasino) accepts ADK for betting on their casino. Using a lot of ADK in a variety of fields is good for Liquidity of ADK.

Making ETF in the future.

neokichi

ADK is also aiming to be listed into as ETF. When it will happen,We can easily have ADK by ourselves.That means a huge amount of funds would flow into ADK!

myako

Wait,wait..! What is “ETF”?

neokichi

ETF is about a “listed investment trust” and If we explain it briefly, The securites company distributes and invests in several ways. That investment destination is called ETF.

myako

Hmm. . . I see

neokichi

..You get it? I mean that the securites company purchase and manage ADK at once. so there is no need to manage to buy ADK by yourself. If you ask the securities company for investment It means that you invest including ADK.

myako

Now I get it! Buying ETF(If ADK in it) means we can invest ADK even if we know about ADK or not. That is one of target of ADK!

neokichi

However, the details of ETF are not clear yet.and It will take a time. so much for ETF at this time.

Progress update of ETF October 5, 2018

neokichi

at the earliest, ETF will happen in 3 months. The founder have talked with CEO of stock exchange in Nairobi and have been doing technical testing.
It could happen earlier than expected!

myako

oh, you mean it? it seemed that hopefully it will happen someday.. but now we can expect that soon!

neokichi

ADK could be the first ETF in the crypto world ahead of BTC.if things happen, it would be breaking news!

myako

I can’t wait♪

Progress update of ETF December18, 2018

neokichi

I heard the news that ADK will be listed on the Nairobi Stock Exchange (NSE) as the world’s first ETF!

Click here for articles → World’s first crypto-based fund to be listed on the NSE

myako

great! That means that we only have to wait for the list to actually be on the NSE ♪

Fanaka TV interview

neokichi

Fanaka TV（East Africa）intreviewed the founder of ADK.
Regarding to Cryptocurrency ＆ETF, conversations with vice-president and so on.
in the interview , He said that He will make ETE happen in 3months! That is amazing!
Following video is highlights of the interview. let’s check this!

What if offshore bank happened?

neokichi

I will explain the flow when the offshore bank is happend. At first, these 4points would be made.

neokichi

Once the above four points are achieved,It will become possible to keep our funds secretly at the offshore bank ADK will own.

neokichi

Because ADK is untraceble. It is not possible where we send money. That’s why that is the system that we can deposit our fund to the offshore bank without tracking.

myako

Indeed, It seems that it is necessary to buy ADK once to send to an account.But if so, everyone would eventually exchange to fiat.Will the value of ADK go up or..?

neokichi

You have the point. Some of them are do that so.but other than that we can hold ADK itself as well.Holding ADK could rise that valu.that happens possibly. or just for asset diversification.

myako

That’s ture! I will hold as ADK when that comes up.

ADK technology

neokichi

From now I will introduce the technology of ADK. It is hard to explain about technical aspects. so is going to be only basic parts. ADK adopts “DAG” called iMesh, not using blockchain as Bitcoin and so on.”DAG” has already used by “IOTA””Byteball”and ADK is the third DAG used currency. To put it simply, The latest version of the blockchain! You can easily imagine what “DAG” is. and there are three features of “DAG”

Fully-anonymous

neokichi

Since ADK is using I2P tech. It is now possible to anonymize transaction. If you are a blockchain it can be seen who sent you money,but Using DAG it can be not seen.

Free-transfer fee

neokichi

In the case of block chains, it is said to be mining, and you have to pay a fee to the person who did the approval work when remitting · · ·. But in the case of DAG, mining itself is unnecessary and you can send money. In other words, there is no need to pay a fee for “person” who approves work, so the remittance fee is free anywhere in the world

myako

That is amazing! for Blockchain,There is a approval work so sounds like safety. But in case of DAG, is it safe for security?

neokichi

Yeah, There is the approval work actually.the work is done by the person who send ADK. In order to send ADK, We have to approve more than two previous transactions. and It is more safer than blockchain. DAG is a next-generation mechanism. If there is a tampering We can find it out as soon as possible.

myako

Next-generation・・！ Perfect!

Fast-remittance

neokichi

There is no minor to do approval works (mining) like block chains, so remittance is quick. Even if transaction volumes increase, it is said that you can send money smoothly

myako

It looks like so fast!

Offshore bank with DAG technology.

neokichi

In order to use ADK at an offshore bank. It is absolutly necessary to have anonymity firstly. Secondly, The free transfer fee is good for sending small amount of money.even between banks or individuals. “Transfer is quck!” That is one of the most important thing as well I guess. so DAG tech will go well with Offshore bank

myako

Indeed. I understand why the tech is great for that. but..I guess someone can easily copy that, can’t they?

neokichi

Certainly It might be possible to imitate a tech. But There is the person indispensable to achieve the project of Aidos Kuneen..It is”DON”!!.

myako

Don？

neokichi

Don is the founder of ADK

myako

What kind of person is Don?

neokichi

Okay, I will introduce about Don!

Fouder of Aidos Kuneen-goes by “Don”

neokichi

The founder of Aidos Kuneen is Ricardo Badoer. and everyone call him “Don” Don has worked at offshore bank and financal institutions for more than 16years. He has been trading cryptocurrency for the next 5years. Using that background, He is working so hard for making offshorebank! He is stiil 40years by the way!

myako

Wow, He already had a lot of experience in the field!

neokichi

Yup. at this stage ADK has a partnership with Lithania Bank, ADK can be used at online casino as well. and It has already become a major share holder of two banks in Kenya and Tanzaia. This is proceeding really fast! If you enter the offshore banking market with cryptocurrency,It must be quite tough Because you need knowledge and backgrounds. It shoud be difficult to overtake this ADK project!

myako

Now I tottaly understand How difficult it is.. Don is doing better than I thought. I salute him!

Outline of ADK · Information gathering

neokichi

It is the current ranking and price of ADK

neokichi

If you would like to know more about ADK, Come and Join us on Telegram!

ADK Telegram!

https://t.me/aidos_kuneen

neokichi

Would like to know more about ADK, Check this artcle as well!

・Aidos Kuneen, Aidos, ADK, or whatever you want to call it, EXPLAINED｜sumac microfinance bank

・This is to record my opinions about the solidity of “Aidos Kuneen”.(here in after, this is called “ADK”.)

・Summary by CryptoMegusuri

How to buy ADK · About the exchange Aidos Market

neokichi

The number of exchange where you can buy ADK is increased step by step.

Please refer to this article how to buy ADK
How to buy Cryptocurrency ADK(Aidos Kuneen)

Writing articles: “neokichi”
36 years old, father of 3 children living in Japan
ADK holder
Twitter.
https://twitter.com/neokichi88

Translation and supervision into English: “massa”
Massa is a racer, and as an ADK holder, information distribution is also on Twitter.
https://twitter.com/mst966