Adel, a technology incubator for blockchain startups has announced their first official project called iFin.io, a crypto financing platform.
This will be a FinTech project that runs on the Ethereum blockchain, utilizing smart contracts. The project has been created by the Adel R&D team, and will be shortly released for idea incubation to the community.
The project abstract follows:
Cryptocurrency platforms have recently seen an impressive growth both in value and in investment opportunities. This has expanded the community, attracting many new investors, entrepreneurs and developers, and has also encouraged people to hold cryptocurrency tokens for the long term. This project aims to offer a blockchain-based application that can provide liquidity to investors and returns for passive holders, in the form of cryptocurrency loans with other cryptocurrencies as collateral.
Adel is a global cryptocurrency community that is self-sustained, and offers its own economic ecosystem with the Adelphoi (ADL) coin. The community focuses on creating, developing, and implementing use cases involving blockchain technology that covers a wide range of digital and physical industries. Projects are chosen by the community and successful ventures are either re-invested in for further growth, or issued as rewards to Adel stakeholders.
Adel completed an ICO back in May, raising 430 BTC from over 500 contributors. It choose to use Nxt’s Blockchain-as-a-Service (BaaS) platform to issue the ADL coin.
Adel welcomes projects that use any blockchain. If you have an interesting project that uses an alternate blockchain platform, you can pitch Adel by filling out a project form on their website. Watch the video below for more information.