What is Aidos Kuneen?

What is Aidos Kuneen(ADK)?

RYO
RYO
Hello, I am RYO

DON
DON
Hello

I am Ricardo Badoer

Everyone calls me “Don” or “DonRico”.

RYO
RYO
Please tell me about your business career.

DON
DON
I’ve worked for financial institutions, including offshore banking, for over 16 years. 

I also have experience in the real estate and construction industries.

RYO
RYO
When did you decide to work on Aidos Kuneen’s project?

DON
DON
I always used digital currency at work, but I discovered that there was a technology like BTC around 2010

And I started wanting to use it in my banking business for my customers.

I like the decentralized idea of ​​cryptocurrency.

And I looked for a coder and started the ADK currency creation and project

RYO
RYO
I see.

You thought that cryptocurrency technology was great, so you wanted to use it for banking

What does ADK (Aidos Kuneen) mean

And what is that helmet??

DON
DON
That helmet is called the Hades helmet of invisibility, and disappears when you wear it.

Protecting the customer’s privacy is an important goal and we’ve made it a name and symbol.

That also applies to those who believe in and invest in us. 

RYO
RYO
The name ADK had such a great meaning!

By the way, what is the total circulation of the ADK and how does it perform as a currency?

DON
DON
  • Total supply: 25 million ADK
  • Developer holding: 5 million ADK
  • Aidos Foundation holding: 9.8 million ADK
  • ADK on the market: 10.2 million ADK
  • Adoption of DAG technology
  • Excellent scaling and can handle many transactions
  • Remittance fee 0
  • High anonymity
  • Non Mining & Non Miner

It looks like this.

With the adoption of DAG technology, 25 million ADK have been created at a time, so there is no increase or decrease.

RYO
RYO
Among them, it is amazing that there is no commission when remittance!

Even if you want to transfer a small amount, you can use it without worrying!  I hate cryptocurrency remittance fees.

What is Mr.Ricardo’s vision using ADK ?

DON
DON
Acquire banks in non-AEOI countries and build online banking.

It is the safest online banking, like the European level, which does not yet exist in Africa.

It will also provide remote banking to people without access to banks and microfinance and loans to African farmers.

To do this, we use the ADK network (trustless) in parallel with our bank (trustbased) in our business.

Down the road, we’re going to continue to acquire smaller banks, consolidate them, and eventually make them the biggest offshore banks ever

RYO
RYO
A cross-border project… what a great vision

By the way, what is the name of the bank you currently own ?

DON
DON
Kenya’s “Sumac Microfinance Bank”.

Tanzania’s “Mwanga Hakika Bank”.

And the next bank in Africa is looking at Uganda.

The European bank is in Lithuania and will be called “Payrico”.

I’m also looking for it in the UAE, though it’s a long way off.

RYO
RYO
So the bank located in Africa among these is a non-AEOI country!

But don’t you have to worry about those countries joining the AEOI in the future ?

DON
DON
Well,

it will be more than 10 years later if I join the AEOI.  The reason is that some African countries do not get foreign currency from the EU or other countries.

Also, Kenya and Tanzania are not blacklisted countries and are respected banking countries in the financial world.

RYO
RYO
I see… No problem if it is more than 10 years away.

I’m relieved to hear that!

So, how do we actually use ADK ?

DON
DON
Even if a country joins the AEOI, it will just find another way to do it.

As for the use of ADK…I use it first as a fee for opening an online banking account.

For personal accounts, we plan to spend around $ 350 – $ 400.

Business accounts range from $ 900 – $ 1200. 

In both cases, you need to pay for the ADK.

Buy and pay for it yourself, or if you don’t buy it yourself, ask a company with an offshore agent and pay in a Fiat and the agent is working to do it for you!

If you have your own account, you can have it in Euros, you can hold it in ADK, or of course you can have it all in FIAT.

ADKFiat can be used seamlessly by linking the bank and Aidos Market.

RYO
RYO
With an offshore agent, we can open an account even if you are not familiar with cryptocurrencies!

Do you have a bank deposit interest rate or account maintenance fee

DON
DON
For deposits via ADK, the company plans to pay an annual interest rate of 10% to 11% with a one-year lock denominated in euros.

That interest will go into your account every quarter.

The account maintenance fee is under consideration at the moment, and I’m thinking about a plan where the maintenance fee is free if you hold it in ADK.

RYO
RYO
A 10% annual interest rate on deposits is amazing !

DON
DON
In Africa, there is a €2 billion demand for one-month short-term loans (Salary loans). 
RYO
RYO
Do you think ADK can be used for other purposes than opening an account ?

DON
DON
I’m thinking of using it in sports projects, in football, in hotels and stadiums.

It is also the first cryptocurrency-based ETF

RYO
RYO
OMG

ETF!?But is it really feasible

Even BTC has not realized ETF.

DON
DON
Well,

There’s an amazing person backing the ADK ETF.

First, in Kenya, the Vice President, Mr. Willam Ruto.

Mr.Joe Mucheru, the Cabinet Secretary for Information.

And the people from the Nairobi Stock Exchange.

Also in Uganda, Mr.Hirander Misra, CEO of GMEX, which owns 25% of the shares of the ALTX East Africa Stock Exchange.

About GMEXgroup.     ALTX Website.

And Mr.Joseph, CEO of the ALTX East Africa Stock Exchange.

As far as ALTX is concerned, I plan to become an officer of the stock exchange.

RYO
RYO
GreatCan’t believe these Pawerful parson are backing us

What’s more, he’s going to be an officer of the stock exchange!?

It’s great to be directly involved in ETF.

If that happens, where can I buy that ADK ETF

DON
DON
It will be available on the Nairobi Stock Exchange, the corresponding brokerage firms, and the ALTX stock exchange.

We are already registered as an ETF company in Kenya with the “Badoer Group ADK ETF Ltd”.

If the ADK is listed on a stock exchange as an ETF, the ADK will become a legal tender.

This is because the company has passed the strict examination of the CMA (Capital Markets Authority of Kenya) and was approved by them.

CMA is Institutions like the SEC.

The company is also looking at listing on the Johannesburg Stock Exchange and the London Stock Exchange in the future.

RYO
RYO
I see.

It’s a world first in many ways

The fact that ETF are linked to the cryptocurrency ADK means that they lock up the ADK on the stock exchange, right

DON
DON
Oh yes, that’s right.

Lock up to the wallet of the Nairobi Stock Exchange.

The plan is to lock in 300,000 ADK for sale and 2 million ADK in reserve.

RYO
RYO
What will happen to the first cryptocurrency ETF……I’m pretty excited

How do you plan to promote ADK and ADK ETF in the future ?

DON
DON
Soon there will be more news from Sumac Bank and Mwanga Hakika Bank about online banking and much more.

I also have a football team that I own that will be a billboard.

The names of those teams are Wazito.F.C from Kenya and C.D URSARIA from Spain.

The Kenyan football team and the bank will sponsor the stadium they are about to build.

We’ll be broadcasting all the Wazito.F.C games and we’ll be sponsoring those broadcasts.

For the time being, Wazito is going for the African Champions League!

This is what the stadium looks like.

But now we are planning to make six smaller stadiums than a big one.

Now I’m talking about the Kenyan Football Federation President Nick and the Uganda and Burundi Football Federations about own Super League.

I’ll talk to them and I’ll report back to you if decide.

Anyway,This is what the Wazito.FC uniform looks like!

I think I look the bestHahaha

RYO
RYO
Aidos Kuneen’s name is on the front of the uniform this firmly!

And you get to see the ADK name in such a big stadium!

DON
DON
Oh yeah

It’s fun, isn’t it

That’s why we already own Mad GoatTV, a media outlet that broadcasts sports, as well as Business Today.

As for Mad GoatTV, we’ve also got a TV license to go terrestrial as of January 24, 2020 !

MGTV’s content will now be available to 50 million Kenyans, as well as some parts of Uganda and Tanzania !

RYO
RYO
When you own the media, you can do quite a bit of promotion!
And then there’s the terrestrial broadcast…
DON
DON
The ownership companies “Badoer Investments” and “Aidos Kuneen” will be the main sponsors!

And Mad GoatTV and Badoer Investments have signed a five-year broadcast deal with the Kenya Basketball Federation

You think I’m just an uncle who likes football

Well, I love it.

In live football, it’s like this

It’s already been proven that spreading it slowly is better for brand awareness.

RYO
RYO
ADK’s invisible helmet is firmly in place!

This is going to have a subliminal effect on the viewers!

And even a basketball game… more than I could have imagined !

DON
DON
And that’s not all !

We are planning to set up a football youth academy as we have planned from the beginning.

Take a look at this video.It’s my current vision !

 

RYO
RYO
But… Why are you putting so much effort into football ?
DON
DON
The reason we are also focusing on football is that Kenyans are very capable. But it’s a shame that we don’t have an environment that allows us to take advantage of that and become good players.

We want to turn them into European players and if we can get them to play in such an environment from a young age, we could see a lot of star players like Mr.Messi and Mr.Ronaldo coming out of Kenya.

To do that, I’m going to make connections with European club teams and bring in coaches too!

RYO
RYO
That’s great!There could be a hell of a lot of players coming out of Kenya

On a different note… is cryptocurrency not a problem for money laundering and such

DON
DON
Both of our banks comply with the Central Bank’s requirements and the AML Act.

That way, the government can figure it out.

And we do KYC when we open an account, and we don’t accept customers from some countries.(Iran, North Korea, Iraq, Syria, Afghanistan).

We’re going to stick to the international financial laws that are in place.

In ADK ETFs, the trading company does the KYC for the customer, so the AML method that Sandbox uses is also followed.

Watch the video of our Sumac Bank CEO’s interview.

RYO
RYO
If the bank that deals with ADK complies with the law and the bank makes such an announcement, it is a relief.

This is a specific question, but what kind of people are the prospective customers who will open an account with the bank?

DON
DON
In percentage terms, that’s what we’re aiming for.

30% People trading cryptocurrency (including exchanges)

The rest.

30% offshore customers.

40% Local customers (Kenya, Tanzania, Uganda)

RYO
RYO
Recently, there has been a lot of news about cryptocurrency related companies not being able to open a bank account.

So, how much do local and offshore customers actually deposit or transfer?

DON
DON
What we’ve been saying for some time now is starting to happen.

As for money transfers.

At the moment, the average amount of deposits for customers opening accounts with Sumac Bank is between $300 and $500.

As I mentioned at the beginning, as far as Hakika Bank is concerned, it has already acquired Mwanga community Bank and will operate as a commercial bank.

It’s mainly companies and organizations that we’re dealing with.

Also we already have offshore customers.

Let me tell you something from my experience in Panama.

On average, customers with offshore accounts transfer between $2,000 – $3,000 per month into their accounts.

And they’re usually transferring large amounts of about $200000-$250000 once or twice a year.

Right?

RYO
RYO
Such a great amount will be remitted via ADK!

But is there a risk of volatility?

DON
DON
Oh!

This is why I keep saying that I don’t care about Crypto World.

As far as volatility is concerned, it can’t be helped for now.

However, ADK has a variety of plans that will allow them to continue to use the money in the long term, and the wealthy people who transfer large amounts of money are the ones who are willing to pay the 20% to 30% fee for transferring funds between countries.

In addition to the risk of tax rates rising from 20% to 45% in their home countries, there are also income and wealth taxes.

If it’s a small amount, I can send it in a few seconds, and I’ve built a system that allows me to change from ADK to Fiat in no time, so it’s not a problem.

RYO
RYO
Surely if its fees and tax rates, volatility seems cute!

Moreover, if we think only of the cryptocurrency market, it seems to me that the price is being manipulated.

DON
DON
I’m sick and tired of the high fees and fake price hikes on the exchanges.

The market we are targeting is the $ 32 trillion offshore market.

And through ETF in Africa, we are targeting ETF in the USA, Europe and Asia in the future.That’s a $12 trillion market.

What I’m doing now is getting ADK to go through various regulations and putting the infrastructure in place to get it working in the real marketplace!

RYO
RYO
A very big market!  I look forward to it!

DON
DON
Well, ADK should think for the long term.

I know that a lot of people still don’t understand the full scope of the project!

And why I’m not pushing the word ADK yet…..

We’re just about to find out.And all is well that’s going on.

From now on, ADK is going to be the best thing ever!

RYO
RYO
So here’s my last question.

What is Ricardo’s last goal?

DON
DON
First, I would like to thank politicians Mr,Moses Kuria and Vice President Mr,William Ruto, as well as GMEX CEO Mr,Hirander Misra, for their support of the bank and the ETF.

The Kenyan people are very open-minded and I think they will develop quite a bit in the future, and I want to be a part of that.

The goal is to continue to acquire and consolidate small banks and build the best banking network to start in Africa.

Eventually, I’d like to do big things in business, including ADK, and have a life that I can tell my kids about!

Hehehe!

*This article is subject to change due to the fact that it still contains unconfirmed information.

RYO
RYO
Thank you very much for reading the article! 

I’m glad if I get a tip for my activity. 

Please send the tip to the address below.

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BTC  tip  Address

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