Community-Based Project Funding Platform Adel Joins Ardor Ecosystem

Jelurida, the development company behind the Nxt and Ardor blockchains, and Adel Ecosystem Ltd., a cryptocurrency investing community, today announced their intention to cooperate to promote the Ardor platform.

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Adel will implement Jelurida’s newest Blockchain technology to improve the functionality of its platform, which aims to develop, support and fund innovative start-ups using blockchain technology. Adel will enable new assets and future tokens on the Ardor platform.

“After BitSwift last month, today we are very excited that Adel decided to join the growing Ardor ecosystem and we are confident that Ardor can provide a solid foundation for Adel’s projects and vision,” added Kristina Kalcheva, Managing Director of Jelurida. “Both Adel and Jelurida share the same goals of disruption and transformation within traditional industries and look forward to supporting each other.”

“We have been consistently impressed with Jelurida’s decentralized platform and development vision,” said Gabriel Dusil, co-founder of Adel. “Ardor’s robust security and comprehensive feature-set align well with our strategy. The Ardor platform provides an ideal environment for the Adel community to democratically vote and fund blockchain start-ups, that will disrupt traditional industries.”

Jelurida is responsible for developing Nxt and Ardor, whose tokens are currently trading at a combined market cap of $200 million. Adel raised over €1 million during its month long ICO in May using the Nxt decentralised platform.