ADK(Aidos Kuneen)

Explanation of customers, demand and benefits of offshore bank and online banking of cryptocurrency ADK

ADK-Offshore-Bank

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
I will explain the advantages of using offshore banking and online banking, the main project of cryptocurrency ADK (Aidos Kuneen).
myako
myako
Thank you

What is an offshore bank?

neokichi
neokichi
An offshore bank is an overseas bank that is not your own country, and is also called a tax haven.
myako
myako
Does it have any merit?
neokichi
neokichi
There are various benefits. I will introduce from the next item.

Will you save tax?

Taxes vary depending on national laws. Here we introduce a case in Japan

If you have heard of offshore banks, many of you may have the following image.

You can create an account at an overseas offshore bank, put your assets into it, and you don’t have to pay the taxes you earn on interest and investment.

This is a big mistake. (in Japan’s case)

Under the current Japanese law, if you open an account with an offshore bank and generate interest and profits, you will be required to report it to the tax office because you will be taxed. In other words, if you do not report (final tax return), you will be charged additional taxes.

neokichi
neokichi
If you live in Japan, you have to report all the interest and profits to the tax office regardless of which bank you use around the world, including offshore banks.
myako
myako
After all, tax is incurred.Then there is no merit?
neokichi
neokichi
There are benefits! I will introduce it!

ADK offshore banks have high interest rates

In Japan, the annual interest rate is 0.001%. .

And founder Don says ADK’s offshore bank will have an annual interest rate of 10%. Furthermore, the annual interest rate of 10% seems to be earned monthly by split.

myako
myako
That means that if you deposit $ 10,000, you can get $ 1000 with interest in one year! ?
neokichi
neokichi
That’s right ♪ Of course, if you live in Japan, you will also be taxed on the interest rate, but even if you consider it, it is a very high interest rate.

Risk reduction through asset diversification

It is risky to have assets only in Japanese banks and in Japanese yen alone. What if the Japanese yen crashes, hyperinflation, the collapse of Japan, or the bank collapses?

Not only Japanese but people all over the world apply to this risk.

The act of holding all assets in one currency and depositing all assets only in one bank involves considerable risk.

I think that the more assets there are like the wealthy, the more assets will be distributed. Assets such as Japanese yen, dollars, euros, stocks and cryptocurrencies are distributed and used by multiple banks. That is the norm.

myako
myako
Is there a country bankruptcy?
neokichi
neokichi
The Zimbabwe Republic in Africa has became Hyper inflation since 2003.

The Republic of Zimbabwe has experienced hyperinflation since 2003, and its official currency, “Zimbabwe dollar”, has lost its value.
Later, on 11 June 2015, the Republic of Zimbabwe officially abolished its own currency. In other words, you can no longer use your own currency.

Hyper inflation
neokichi
neokichi
When it comes to hyperinflation, having so much money has little value. . .
myako
myako
The banknotes I have are worthless. . That actually happened.

This may be an extreme example, but having full confidence in your home currency is somewhat risky.

It is unclear what will happen to Japan in the future. The national debt is over 1000 trillion yen. One day suddenly a deposit blockage may be carried out.

myako
myako
What is a deposit blockade?
neokichi
neokichi
Freeze your bank account. And tax on the deposit amount.

Deposit blockade in Japan actually took place in 1946. Due to financial difficulties, measures were taken to prevent the withdrawal of more than a certain amount of national deposits.

In other words, Japan has forcibly closed national deposits and repaid debts. At that time, a property tax was applied, and those with cash more than 100,000 yen (about 900 dollars) were forcibly collected at a rate of 25-90%.

myako
myako
Deposit blockage means that my money can’t be withdrawn and I can get taxed! ?
neokichi
neokichi
That’s right.I don’t know if the deposit blockade will happen again in Japan, but the possibility is not zero. And not only in Japan but also in other countries around the world, deposit blockages have actually occurred in the past.
Past deposit blockade
  • March 4, 1933: USA
  • February 16, 1946: Japan
  • March 15, 1990: Brazil
  • December 1, 2001: Argentina
  • July 30, 2002: Uruguay
  • March 16, 2013: Cyprus
myako
myako
I’m scared of the deposit blockade
neokichi
neokichi
So, as a risk measure to protect your assets, you need a measure that has a currency other than your own currency and an account overseas.

As a countermeasure against such risks, it is recommended that you do not own assets in your own currency, but distribute them in dollars, euros, stocks, bitcoins, ADK, etc., and use multiple banks for storage.

High confidentiality and security level

Offshore banks are characterized by high confidentiality and high security. In other words, it is difficult to know that your government has an offshore bank account.

By doing so, for example, even if the government goes bankrupt, the information on the offshore bank account is unknown to the government, so you can protect your assets.

About AEOI

Although it is an offshore bank, in recent years a system to disclose accounts (AEOI) has been established. This means that when you create an account between countries that are members of AEOI, the account information is automatically sent to your country.

AEOI is an abbreviation for “Automatic Exchange of Information” and means an automatic information exchange system for financial accounts.

AEOI knows your offshore bank account and the government knows how much balance you have.

myako
myako
Even if you use an offshore bank, do you mean that AEOI will share your account information with the government?
neokichi
neokichi
I noticed it well! So don’t you think that wealthy people are looking for an offshore bank that is more confidential and safe to store assets?
myako
myako
think! ! Are there any offshore banks that are highly confidential and protect assets well?
neokichi
neokichi
That’s where ADK’s offshore bank emerges. ADK is trying to create an offshore bank in a non-AEOI member country.
myako
myako
That means that even if it is requested by the government, it does not disclose account information!
neokichi
neokichi
That’s right! ADK is trying to create an offshore bank with high anonymity and safe deposit of assets.

The project is progressing so that ADK can acquire and consolidate banks from non-AEOI member countries and open online accounts via online banking.

In other words, since it does not flow information of the financial account, it means that anonymity is very high and assets can be safely protected.

Of course, ADK’s offshore bank will also perform KYC (document verification for identification), but will not disclose that information.

PDF of AEOI member countries and non-AEOI member countries
Currently, ADK has already acquired two banks, Kenya’s “Sumac Bank” and Tanzania’s “Hakika Bank”, which are non-AEOI member countries, under the audit and approval of the central bank. In addition, Ugandan, Ethiopia and EU banks are scheduled to be acquired.

ADK is used as a means of remittance

Even if you open an offshore bank account in a non-AEOI member country, you will know where the money was sent from the money transfer history.

Since ADK is highly anonymous and untraceable, you can use ADK when sending money to protect your privacy and keep your assets safe.

ADK technology

Since ADK uses DAG technology instead of blockchain technology like Bitcoin, remittance fees are free.

Here’s a quick introduction to how ADK sends money to offshore banks.

Remittance method
  1. Open an online banking account with ADK’s offshore bank
  2. Buy ADK
  3. Send ADK to an exchange linked to an offshore bank
  4. Exchange the transferred ADK for legal currency (dollar, euro, etc.) and keep it at the bank (or keep it in ADK)
  5. Assets are protected anonymously

Issuance of debit card

ADK offshore bank will also issue a debit card. It can be used all over the world except some countries, and the used amount is drawn from the offshore bank account.

Summary

neokichi
neokichi
Finally, I will summarize ADK offshore bank.
  • Offshore bank keeps your assets safe and secret
  • Account information is protected for non-AEOI member countries
  • High interest rate of 10%
  • Issuing debit cards that can be used worldwide

Currently, the offshore market is said to have 30trilion USD.
In the case of a normal offshore bank, it is usually impossible to open an account without going to the local. Furthermore, the demerits are conspicuous now that the account opening itself can no longer be done in the first place, the account management fee is high, or if the account is not used, it will be frozen.

Meanwhile, non-AEOI member countries, and even online banking can open accounts remotely, anonymity is high and untrackable, manage assets safely, and I think we can expect considerable demand if the interest rate is high at 10% .

myako
myako
The wealthy are using a bank where they can have their assets safe and secure. And ADK is trying to make the strongest offshore bank.
neokichi
neokichi
Yeah! ADK offshore banks are likely to be in high demand.