ADK(Aidos Kuneen)

Explanation of superiority and value seen from 25 million cryptocurrency ADK issued

Superiority-of-25-million-cards-issued

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)

neokichi
neokichi
In this article, we will explain the value and advantages of ADK (Aidos Kuneen), a cryptocurrency that has been issued 25 million
myako
myako
Thank you

The smaller the number of issued cryptocurrencies, the more valuable

Not only cryptocurrency, but also the number of issued currency is directly linked to the value per piece. As an extreme example, if the number of cards issued is 100 million or only 1000, the value per card is different.

neokichi
neokichi
For example, a premier ticket is valuable because of its small number.
myako
myako
Yup. Premier tickets are worth it because there are few people
neokichi
neokichi
Yup. The maximum number of issued cryptocurrencies varies depending on the brand.
myako
myako
The smaller the number issued, the easier it is to increase the value.
neokichi
neokichi
It is worthless if there is no demand in the currency itself. However, when “I want everyone!”, If the number is small, the value will increase easily.
myako
myako
For example, a neokichi concert can only be sold for 1 $, but a Lady Gaga concert can be sold for 100 $.
neokichi
neokichi
Correct answer! … but my heart is a little complicated( ̄▽ ̄;)
myako
myako
It’s worth $ 1 so you can be confident
neokichi
neokichi
Yeah! Thank you (; ^ ω ^)

Number of ADK issued

The maximum number of ADKs issued is 25 million. Because it uses a technology called DAG, it has already been issued at the beginning.

The breakdown of 25 million issued by ADK is as follows.

Breakdown of 25 million sheets
  • Market distribution: 10.2 million sheets
  • ADK Foundation: 9.8 million sheets
  • Developer ownership: 5 million sheets

Currently there are only 10.2 million sheets ADK in circulation.

The following is the maximum number of issued cryptocurrencies.

  • Bitcoin (BTC): 21 million sheets
  • Ripple (XRP): 100 billion sheets
  • Ethereum (ETH): None
  • Nem (NEM / XEM): about 9 billion sheets
  • Litecoin (LTC): 84 million sheets
myako
myako
In comparison, the number of ADKs issued is small!

About Burn and AirDrop

ADK does not perform “Burn” or “AirDrop”. There are no plans to do this in the future.

myako
myako
I don’t know what you’re saying
neokichi
neokichi
I will explain it!

About “Burn”

“Burn” means to increase the price by reducing the quantity issued. For example, assume that the number of issued cards is 100 million sheets. By “Burn” 30 million sheets of those, the actual circulation number will be reduced to 70 million sheets, and the value per piece will increase.

“Burn” is done by the management side, and in practice, the cryptocurrency is put in a dedicated wallet so that no one can take it out. In other words, the cryptocurrency possessed by the current owner is not lost, but the value will increase.

myako
myako
I’m happy if the value goes up, but ADK isn’t doing “Burn”?
neokichi
neokichi
Yup. Although the value goes up, ADK isn’t doing anything like price manipulation in the first place.
myako
myako
What is price manipulation?
neokichi
neokichi
The intention of the management to do “Burn” is to make it appear that the price has been raised by “Burn”, and to encourage new purchases from investors. In other words, there is an intention of collecting funds.
myako
myako
Certainly it is an act of forcibly increasing the value of virtual currency.
neokichi
neokichi
Even if you don’t do that, Founder Don thinks that the value will increase as ADK goes live. Don does n’t like price manipulation.
myako
myako
It means that the price will go up by actual results, not by appearance!

About “AirDrop”

“AirDrop” means that the cryptocurrency developer distributes tokens for free.

The management side of distributing tokens for free has the following two purposes.

  • Increase the number of holders and raise the degree of recognition
  • Value increases with degree of recognition

There are various ways to get free distribution of “AirDrop”, such as preparing a wallet or needing SNS such as Twitter.

neokichi
neokichi
ADK does not do “AirDrop”
myako
myako
If the degree of recognition goes up and the value goes up, it might be better to do “AirDrop”
neokichi
neokichi
Don hate free distribution. The idea is that even if you don’t do “AirDrop”, it will add value as the project progresses.
myako
myako
Certainly there is an image that the value will be cheaper if you just distribute it (゚Д゚;)
neokichi
neokichi
Yup. ADK does not operate the price with “Burn” or “AirDrop”! I think that there are many holders who are evaluating this point.

“Crypto currency ADK” for opening accounts is collected at banks

If ADK’s offshore bank is operational, online banking will allow you to open accounts from around the world. At that time, it seems that you will be asked to pay the account opening fee with ADK (excluding some such as Iran and North Korea).

According to Don’s remarks, the account opening fee is currently scheduled to be as follows.

  • For personals: $ 250- $ 300
  • For corporations: $ 900
  • Cryptocurrency corporation: $ 2,000

The paid account opening fee will be collected at ADK’s offshore bank. In other words, it gathers on the management side. The account opening fee will be purchased and paid from the 10.2 million sheets currently in circulation, so each time an account opening fee is collected, the number of circulation in the market will decrease.

The-ADK-is-paid-to-the-offshore-bank Reduce-the-number-of-ADKs-in-the-market
myako
myako
The fact that the quantity in circulation is reduced … means that the value per piece goes up! !
neokichi
neokichi
Correct answer! In addition, since there are people who open accounts every month, the volume of circulation decreases every month. In other words, the value of “ADK” will increase.
myako
myako
However, if ADK gathers on the management side, is there a possibility that the management side will sell it?
neokichi
neokichi
That might be there. However, there is no merit for the management side to sell ADK cheaply, and if it is to be sold, it will be due to the acquisition of the bank, so the management side should not sell unless it becomes very high.
myako
myako
Until the price is high, there is no merit for the management side to sell!
Don says:“I won’t sell it all the time unless I need money. We want demand to create value.”

Locked by ADK ETF

ADK is the first cryptocurrency ETF in the world! ・ ・ ・ ・ Scheduled to be

It seems that the listing is progressing in three African stock exchanges including NSE (Nairobi Stock Exchange). Regarding NSE, 10% (== 2.5 million) ADK will be locked as a security.
(* It is not clear if other stock exchanges require additional locks.)

Since 2.5 million ADK are locked by NSE, it will not be distributed to the market in the future. It means that the actual ADK that circulates is less, so here again the value per piece will be higher.

myako
myako
Even if the management side is trying to sell it, it is locked, so the management side cannot sell.
neokichi
neokichi
That’s right! The fewer ADKs on the market, the higher the value per piece.

Finally

neokichi
neokichi
I’ll summarize it at the end.
  • ADK has as few as 25 million sheets issued
  • ADK does not perform Burn “Burn” or “AirDrop”
  • Account opening fees are purchased from the 10.2 million sheets distributed in the market and gathered for operation, so the ADK distributed in the market will decrease
  • ADK ETF will be locked to 2.5 million sheets by NSE

The system is designed to reduce the number of ADKs distributed in the market, so the value of ADK is increasing.

Operation of ADK’s offshore bank (online banking). I think that it is a currency with tremendous potential if the realization of ETFs progresses firmly.