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(Aidos Kuneen)
ADK ETF will be listed in 3 locations including NES
While waiting for the official announcement of the ADK ETF from NSE, new news came in!
Apart from NSE, ADK ETFs are scheduled to be listed on two African stock exchanges!
This is ADK … unpredictable.
When I was waiting to eat eel, the steak was carried! It ’s like that.
No, it ’s delicious! All will be delicious!
I’d like an eel for the time being!
This is Don ’s Twitter ↓
Thank you. Bit of spoiler. We will have two more stock exchange announing ADK ETF . So we will have ADK etf not in one but three cointries in Africa and this will open doors into getting listed in London https://t.co/qaSf7K6PEi
— Ricardo Badoer (@Donrico77) September 27, 2019
It was sudden news for us ADK holders, but ADK founder Don said, “Don has been working on the African stock exchange for over a year.”
By the way, the additional two stock exchanges are hidden because there is a possibility that someone will send an email and inconvenience the other party if it is announced at this stage The
- Scheduled to be listed on three stock exchanges including NSE (Nairobi Stock Exchange)
- Aiming to be listed on the JSE (Johannesburg Stock Exchange)
- Aiming to be listed on the LSE (London Stock Exchange)
ADK ETF announcement method and timing
NSE (Nairobi Stock Exchange) says Don will announce on official Twitter.
It is also likely that the announcement will be made after the sandbox test is completed, that is, after approval from the CMA (Capital Markets Authority).
It is unclear how the other two African stock exchanges will be announced.
ADK ETF starts at $ 45
We are getting closer to having ADK ETF made official. We also have decided on the intial price and it will be 45usd
— BadoerGroup (@BadoerG) September 27, 2019
It is likely that designated participants and market makers will adjust the difference between the ADK spot price and the ETF price.
See the following article for details.
Initial sales number is 100,000
ADK 2.5 million copies will be locked by NSE as collateral, and the number of ADK ETFs sold will be 100,000.
Dong said, “The important thing is to keep demand higher by not over-selling.”
ADK listed on two exchanges!
ADK has been listed on two new exchanges! And both are in the top ten.
Don will not give any ADK to the exchange! It is a stance.
Therefore, the transaction will not start unless the user first places an order on the board. Holders using exchanges other than Aidos Market can be expected to be minority.
However, once the ETF becomes official, it will be important to be able to buy and sell on many exchanges.
Still not reflected in CMC
CMC does not reflect ADK legitimate ranking.
The holder “@marutti_carrot” has sent a lip to CMC on Twitter ↓
Please display the correct Circulating Supply for Aidos Kuneen. 25 million ADK.
Aidos Kuneen is listed on many exchanges, with Coineal in August and CoinBene and CoinTiger in September.
All are top 10 exchanges in the CMC ranking. pic.twitter.com/mUSyVOmLrA
— まるっち (@marutti_carrot) September 27, 2019
The world’s first ETF is about to be realized, but it is unknown in the world
Because it is not listed on the CMC, it is an unknown ADK in the world. The holder is almost Korean or Japanese. I personally believe that as ETFs become official and ADK transaction volumes increase, CMC will be forced to post.
- ADK ETF will be listed on three African stock exchanges including NSE
- ADK ETF initial selling price is $ 45
- Plan to sell 100,000 copies at first
- Listed on CoinBene on September 24, 2019
- Listed on CoinTiger on September 27, 2019