Deposits for ADI are now open via the ETH-ERC20 network. The airdrop, totaling 250,000 ADI, aims to reward loyal KCS holders and incentivize new users to join the KuCoin ecosystem.
ADI Chain is an Ethereum Layer 2 blockchain built on ZKsync’s Atlas and Airbender stacks. It leverages GPU-accelerated zero-knowledge proofs to provide fast, secure, and low-cost transactions. This is a crucial feature for enterprise adoption, where speed and security are paramount.
The chain’s architecture supports modular Layer 3 solutions, enabling governments and enterprises to deploy compliant systems for various applications. These include payments, e-invoicing, land registries, and stablecoins, opening up a wide range of potential use cases.
According to the ADI Foundation, ADI Chain is positioned as the first institutional L2 blockchain in the MENA region. This focus is strategic, given the growing interest in blockchain technology within the region’s governments and financial institutions.
UAE’s Dirham-Backed Stablecoin
A key development for ADI Chain is its role in hosting the UAE’s dirham-backed stablecoin. This stablecoin is being developed in partnership with First Abu Dhabi Bank and IHC, and will be subject to regulatory oversight. The Deposits are open now.
This initiative underscores the growing acceptance of stablecoins as a viable alternative to traditional currencies, particularly in regions with volatile economies or limited access to banking services. The ADI Foundation aims to bring one billion people on-chain across emerging markets by 2030, a bold ambition fueled by such strategic partnerships.
To participate in the ADI airdrop, users must hold at least 20 KCS during the snapshot period. The airdrop pool is 250,000 ADI, distributed at 10:00 UTC directly to trading accounts.
Several bonuses are available to maximize rewards. Loyal KCS holders can receive up to 20%, new users registering and verifying their identities during the snapshot can earn up to 50%, and users engaging in futures trading are eligible for up to 20%. KuCoin is evidently serious about getting the ADI token into the hands of a broad user base.
To qualify, users must complete KYC or KYB verification in an eligible jurisdiction and have logged in to KuCoin after 16:00 UTC. Holders with more than 10,000 KCS will be capped at the hard cap limit for rewards calculation.
The listing of ADI Chain on KuCoin , coupled with the airdrop to KCS holders, represents a significant step towards institutional adoption of blockchain technology in the MENA region. The development of a UAE dirham-backed stablecoin on ADI Chain is a particularly noteworthy event, potentially paving the way for wider adoption of stablecoins and blockchain-based financial solutions in the region and beyond. Whether ADI can truly onboard a billion users by 2030 remains to be seen, but their strategy is certainly ambitious and well-aligned with current market trends.
