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
Hello. In this article, what are the features and promises of the crypto currency ADK I am investing? I will explain what kind of project is easy to understand.
crypto currency ADK aims to establish an online offshore bank
I would say what target ADK has is “To establish an offshore bank”
establishing an offshore bank! ! … what does it mean?
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?
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.）
Huh?isn’t it tax evasion?
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!
Well, I was relieved if those large company use it. It is interesting how much wealthy people are using offshore banks. .
This offshore market is tremendously big, … It is said that There is 30trilion USD!
30 trillion USD! ! · · · I can’t imagine How big it is.Because that is too much! (; ‘∀’)
It has been said that The market of crypto currency is about 300bilion usd now. You can compare with that and imagine how much big it is.
30 trillion USD! It is amazing! !
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”
0.5% of 30trilion usd is 160bilion usd!
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)
Eh! It is hard to believe. .
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!
It is amazing. but will it be possible? I think that tough to beat..
I will explain what the ADK actually does.
Make offshore banks in Non-AEOI countries.
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.
If I use an offshore bank that participates as AEOI,is it difficult to avoide tax?
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.
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?
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!
a lot of tax haven-country is a small sized country at first. and there are a few domestic industries. so They get profit from offshore money. It has been said that it is difficult to regulate those countries which means that that deprives the countries of income sources.
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!
Sounds awesome! Which bank are they anyway?
The name of Tanzainian bank hasn’t been announced yet. The name of Kenyan bank is “Sumac Microfinance Bank” There are photos of founder of ADK on their website.
Below is an announcement from ADK ‘s official Twitter.
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.
Micro finance is a small-scale finance, providing financial services such as small loans and savings for poor people, helping to operate the micro-projects to get on their feet, aiming to escape from poverty of financial services That’s it.
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!
Ricardo Badoer (Founder of ADK) also appeard on the website on July 24th as a boad menbaer.
Construction of offshore banking network
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!
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.)
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!)
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
Cooperation with Lithuanian bank “Mister Tango”
ADK has completed a partnership with bank Mr. Tango in Lithuania ♪ And ADK will be listed on the exchange managed by Mr. Tango in the future.
Using ADK is available on Online-casino
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.
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!
Wait,wait..! What is “ETF”?
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.
..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.
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!
However, the details of ETF are not clear yet.and It will take a time. so much for ETF at this time.
As the founder mentioned with confidence that ETF can be happend on Telegram.
What if offshore bank happened?
I will explain the flow when the offshore bank is happend. At first, these 4points would be made.
- Make it possible to open the online account with offshore bank
- We will be able to get Debit card.
- Building online banking network which consisting of several countries.
- Making an exchange handling ADK in offshore banks so that we can exchange ADK into fiat(pounds,euro and something)
Once the above four points are achieved,It will become possible to keep our funds secretly at the offshore bank ADK will own.
- A peason who has assets in the current tax haven country purchases ADK.
- Transfer ADK to offshore bank exchanges owned by ADK.
- Exchange ADK to fiat and keep them at the bank(or just keep as ADK).
- The assets we have are protected anonymously
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.
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..?
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.
That’s ture! I will hold as ADK when that comes up.
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”
- Free-transefer fee
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.
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
That is amazing! for Blockchain,There is a approval work so sounds like safety. But in case of DAG, is it safe for security?
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.
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
Offshore bank with DAG technology.
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
Indeed. I understand why the tech is great for that. but..I guess someone can easily copy that, can’t they?
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”!!.
Don is the founder of ADK
What kind of person is Don?
Okay, I will introduce about Don!
Fouder of Aidos Kuneen-goes by “Don”
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 crypto currency for the next 5years. Using that background, He is working so hard for making offshorebank! He is stiil 40years by the way!
Wow, He already had a lot of experience in the field!
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!
Now I tottaly understand How difficult it is.. Don is doing better than I thought. I salute him!
Outline of ADK · Information gathering
It is the current ranking and price of ADK
If you would like to know more about ADK, Come and Join us on Telegram!
How to buy ADK · About the exchange Aidos Market
Exchange that ADK can buy
You can buy ADK with its own exchanges Aidos Market and nessie.
Please refer to this article how to buy ADK
How to buy Crypto currency ADK(Aidos Kuneen)
Please do judge yourself whether to invest.
Writing articles: “neokichi”
36 years old, father of 3 children living in Japan
Translation and supervision into English: “massa”
Massa is a racer, and as an ADK holder, information distribution is also on Twitter.