Aidos Kuneen (ADK) cryptocurrency owned by Dubai-based businessman Ricardo Badoer has been listed by Changelly, the non-custodial instant cryptocurrency exchange.
Changelly, has expanded its vast catalog of assets with ADK, a unique Tangle-based coin with a novel approach to scaling and fee-free transactions. ADK can now be traded for the more than 160 cryptocurrencies already listed on the platform.
Privacy and scalability
Being an instant non-custodial exchange means that no user funds are held by the service. Changelly acts as an intermediary between crypto exchanges and users, offering access to 150+ cryptocurrencies.
ADK is a non-blockchain Tangle-based coin that has limited supply and zero-fee transactions. It was created by an open-source project called Aidos Kuneen that focuses on privacy, scalability, and decentralization. While the coin isn’t built on a blockchain, it is definitely a new step in the evolution of cryptocurrency.
ADK gets rid of scalability issues and has increased transaction processing speed. The listing on Changelly will give ADK more liquidity and access to a wider audience.
Ricardo Badoer, CEO of ADK, was very bullish on this latest collaboration.
“We are pleased to be part of one of the leaders of instant exchanges Changelly,” Badoer, who is also the President of Wazito FC in Kenya said. “We value convenience and speed, which is important for our community. Thanks to our new partner Changelly, purchasing or converting ADKs has become even easier and more convenient. Great things await us.”
ADK coin is now available for swaps with other assets from Changelly’s catalog of 160+ cryptocurrencies. To prevent possible unexpected losses, Changelly lets users exchange crypto at a fixed rate, allowing them to minimize the risk of losing funds due to volatility.
Users can also choose to swap at a floating rate, receiving a slightly different (higher or lower) amount of crypto than is displayed at the start of the transaction. Besides, ADK is now available for fiat purchases (USD, EUR, or GBP).
Changelly CEO Eric Benz was equally as excited about the new possibilities the partnership between Changelly and Aidos Kuneen can create. “We are glad to welcome another promising asset to the Changelly family,” Benz said. “ADK is a big and innovative project that has a lot to offer to its users, and we are glad to be involved. With this partnership and Changelly’s customers and partners, we believe that ADK will reach its fullest potential.”
Founded in 2016, Aidos Kuneen is a company that seeks to renovate cryptocurrency with a rather novel approach. Instead of using a traditional blockchain model, it builds its economical ecosystem around a quantum network. It is fully scalable, anonymous, decentralized, and features zero fees. Similar to blockchains, it is supported by the number of users, but it becomes more stable and secure the more people participate.
ADK’s main points of interest for investors are that it can be considered as a fully anonymous network, allows its users to quickly transact their assets (both crypto and fiat ones), and its lack of scalability issues.
In addition, Aidos Kuneen has ambitious plans for opening a crypto-friendly bank network comprising of banks from the EU and Africa. Currently, the negotiations are progressing, with two banks in Africa approving of the deal and EU banks considering it. This, and the further plans of making PoW transactions last less than three minutes, make ADK interesting for any crypto investor.