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Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 19. (Read 87052 times)

member
Activity: 434
Merit: 10
SESSIA
Being first is difficult, but these efforts pay off. They can take up most of the market.
Probably there won't be competition at all! This is just a theory that people want to use Adab services and they have necessity, but reality can be different!
jr. member
Activity: 168
Merit: 1
Yes, some investors prefer to buy that way. And then selling tokens at a higher price.
And what do you prefer? Are you going to buy adab tokens? Personally I stay away from investing in ICO, so my strategy is buying tokens after listing on exchanges

Many investors buy tokens before adding them to the stock exchange, because you can also get bonus coins. It is very profitable.
member
Activity: 434
Merit: 11
The Adab team received many ratings from various ICO resources:
9.3/10 ICOmarks
 5.0/5.0 TrackICO
 9.9/10 ICObirds
 5.0/5.0 FindICO


I've just noticed it. Previously I knew about ICObench rating and here is a new information for me. Ratings are too high by the way!

Yes, the project Adab received good ratings. I think a lot of users paid attention to these ratings, who visit these resources, and bought project tokens.
hero member
Activity: 1232
Merit: 503
Sorry, but I didn't find the answer to my question.

1) Is it a problem to use exchanges like binance for myslim Huh
I do not think that this question is relevant in this thread. This is a branch of the project, and not the problems of Muslims using the Binans exchange.
it's relevant because this exchange must cover the problem and I try to understand "if this project is the solution to this problem? "
full member
Activity: 686
Merit: 102
Sorry, but I didn't find the answer to my question.

1) Is it a problem to use exchanges like binance for myslim Huh
I do not think that this question is relevant in this thread. This is a branch of the project, and not the problems of Muslims using the Binans exchange.
It is absolutely relevant question. I can't get point as well, because Adab suggest muslims to use their exchange and there are some problems in this space
jr. member
Activity: 238
Merit: 1
Sorry, but I didn't find the answer to my question.

1) Is it a problem to use exchanges like binance for myslim Huh
I do not think that this question is relevant in this thread. This is a branch of the project, and not the problems of Muslims using the Binans exchange.
member
Activity: 574
Merit: 10
Yes, some investors prefer to buy that way. And then selling tokens at a higher price.
And what do you prefer? Are you going to buy adab tokens? Personally I stay away from investing in ICO, so my strategy is buying tokens after listing on exchanges
jr. member
Activity: 62
Merit: 1
Yes, this is the first such product, but I think that is not the last. similar projects will appear after they see it being popular
Yes, from this point of view Adab has advantage, they have like a year to prove their assumption regarding demand of islamic crypto exchange
Year or more, it is not so important. More importantly, such big bonuses can greatly lower the price of the token in the future.
Yes, there is probability of such decrease. Huge bonuses always affect price in a negative way.
Nevertheless most of investors prefer to buy on pre-sale to gain bonuses
Yes, some investors prefer to buy that way. And then selling tokens at a higher price.
full member
Activity: 448
Merit: 100
If a project token is added to other exchanges, people can earn money in the way that the Shari'ah rules prohibit and change it to a project token. Is this not a violation of the rules of Sharia?
Frankly speaking I don't know , you'd better ask founders, they have more clear answers rather than me, but I think there is no violation. Their business aimed to list only special tokens according to rules, but as for their original token I don't think there are restrictions. That is my opinion
member
Activity: 462
Merit: 10
I have seen FICE MVP Adab solution, and it seems that it is not much different from the existing exchange, then what about "The First Islamic Crypto Exchange Functioning in accordance with the principles of Islamic finance"?
For me it is the same, now it looks typical. The real difference will be once exchange is working. They will list only shariah compliant projects.
sr. member
Activity: 588
Merit: 251
There are around 30.000.000 unique cryptocurrency users all over the world, that is less than 1% of the world’s population (Statista, 2018). In the Islamic world much fewer people involved in the crypto industry. ADAB Solutions plans to attract 0.1% of Muslims to use its services within 4 years.
here is true. target audience seems to be too small. Don't you think that all of these people are far away from crypto currency? I am sure most of them don't even know what is crypto currency.
But let's see for couple of months, maybe something special will happen with Adab exchange and their customers
Yes, this target audience is small, but they are not limited to this audience only. Everyone will be able to use the exchange.



FICE is a platform not only for Muslims and Islamic blockchain startups, it is an open marketplace for anyone who wants to build an honest and technological business. The First Islamic Crypto Exchange will be a universal solution for the involvement of Muslims and users of Muslim finance in the cryptocurrency market. The exchange will operate according to the principles of Islam, but is open absolutely to all users, of course, regardless of religion.

It should also be understood that Islamic finance is not a purely religious phenomenon. In some countries, Islamic banking products are also popular among non-Muslims.


member
Activity: 378
Merit: 10
I have seen FICE MVP Adab solution, and it seems that it is not much different from the existing exchange, then what about "The First Islamic Crypto Exchange Functioning in accordance with the principles of Islamic finance"?
member
Activity: 462
Merit: 10
First of all, I also pay attention to exchange projects. They are the most profitable lately.
Yes, exchange ICO can give you more ROI in long run. Recently I've seen good exchange ABCC, and Adab is another project in this field
member
Activity: 630
Merit: 10
As long as I remember, prices of tokens depend on the community's demand not on how much bonuses they were offered in Initial Coin Offerings and Token Sales right? If nobody wants to buy the token, you'll see bulk buy orders of who believe in the project and wants to hold the tokens.
I hope you are right and the price will not fall. Now I see sad statistics on many projects.
Yes, that's right. But no one knows future and results of listing can be unpredictable. Just wait for the end of tokensale and that's it!
member
Activity: 574
Merit: 10
The Adab team received many ratings from various ICO resources:
9.3/10 ICOmarks
 5.0/5.0 TrackICO
 9.9/10 ICObirds
 5.0/5.0 FindICO


I've just noticed it. Previously I knew about ICObench rating and here is a new information for me. Ratings are too high by the way!
jr. member
Activity: 245
Merit: 1
According to the roadmap, the alpha release of the exchange is scheduled for 2019
Ok, thank you for sharing this info, I will be waiting for this release. You know, I 've seen spreadsheet with ROI of different projects and among all of them exchange ICos resulted highest return , so that's why I am waiting to test this exchange. Probably it is another game changer!
First of all, I also pay attention to exchange projects. They are the most profitable lately.
jr. member
Activity: 62
Merit: 1
Yes, this is the first such product, but I think that is not the last. similar projects will appear after they see it being popular
Yes, from this point of view Adab has advantage, they have like a year to prove their assumption regarding demand of islamic crypto exchange
Year or more, it is not so important. More importantly, such big bonuses can greatly lower the price of the token in the future.

As long as I remember, prices of tokens depend on the community's demand not on how much bonuses they were offered in Initial Coin Offerings and Token Sales right? If nobody wants to buy the token, you'll see bulk buy orders of who believe in the project and wants to hold the tokens.
I hope you are right and the price will not fall. Now I see sad statistics on many projects.
jr. member
Activity: 238
Merit: 1
The Adab team received many ratings from various ICO resources:
9.3/10 ICOmarks
 5.0/5.0 TrackICO
 9.9/10 ICObirds
 5.0/5.0 FindICO



High ratings received project ADAB. It is good that the team sends information to other resources for obtaining ratings of independent ratings.
jr. member
Activity: 168
Merit: 1
 The Adab team received many ratings from various ICO resources:
9.3/10 ICOmarks
 5.0/5.0 TrackICO
 9.9/10 ICObirds
 5.0/5.0 FindICO

jr. member
Activity: 238
Merit: 1
It turns out that the ADAB team will add the token only to its trading platform?
You have to distinct Adab token and other tokens listed on its platform. The goal of their business is making deals according to shariah rules, so all tokens willing to be listed on Adab, should have compliant business.
As for native token, i believe it will be traded on several exchange, but lets ask devs again

If a project token is added to other exchanges, people can earn money in the way that the Shari'ah rules prohibit and change it to a project token. Is this not a violation of the rules of Sharia?

Oh, this is a question that is very difficult to answer. I think that the team over him, too, thought and knows how to act correctly.
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