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Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 204. (Read 87067 times)

member
Activity: 504
Merit: 16
Press about ADAB Solutions: Salaam Gateway, on the behalf of Thomson Reuters and DIEDC


Salaam Gateway-the leading source of information on Halal industries, Islamic finances & Islamic lifestyle. Up-to-date news about new companies in the field, press releases, insights, and so much more. ... Read more

jr. member
Activity: 182
Merit: 2
As per the postponing of public presale and ICO, the project will change the road map and this may lead to delay the project as whole?
Well, what we have done is extend the private pre-sale, the roadmap will not change, the launch of exchange  platform will launch on the same time  ( may 2019).
Please refer to this article :https://medium.com/adab-solutions/how-to-purchase-adab-tokens-what-are-the-terms-7dbcf1ef7e14
May 2019, Don't think the launching date is very far?Why take long time?
The roadmap have been settled carefully and without any exaggeration, ADAB team study the market and they are commit to execute the roadmap, we will not what many others projects have done in to their roadmap and they are not follow it , We need to transparent from the beginning we do not want to lie and promise you with something fictitious.
Yep, I agree with you, last month I heard about some projects which cannot go on with their roadmap due to short in the funds.
member
Activity: 504
Merit: 16
As per the postponing of public presale and ICO, the project will change the road map and this may lead to delay the project as whole?
Well, what we have done is extend the private pre-sale, the roadmap will not change, the launch of exchange  platform will launch on the same time  ( may 2019).
Please refer to this article :https://medium.com/adab-solutions/how-to-purchase-adab-tokens-what-are-the-terms-7dbcf1ef7e14
May 2019, Don't think the launching date is very far?Why it take so long time?
I think investors will wait long time
The roadmap have been settled carefully and without any exaggeration, ADAB team study the market and they are commit to execute the roadmap, we will not what many others projects have done in to their roadmap and they are not follow it , We need to transparent from the beginning we do not want to lie and promise you with something fictitious.
sr. member
Activity: 756
Merit: 269
jr. member
Activity: 182
Merit: 2
As per the postponing of public presale and ICO, the project will change the road map and this may lead to delay the project as whole?
Well, what we have done is extend the private pre-sale, the roadmap will not change, the launch of exchange  platform will launch on the same time  ( may 2019).
Please refer to this article :https://medium.com/adab-solutions/how-to-purchase-adab-tokens-what-are-the-terms-7dbcf1ef7e14
May 2019, Don't think the launching date is very far?Why it take so long time?
I think investors will wait long time
member
Activity: 504
Merit: 16
As per the postponing of public presale and ICO, the project will change the road map and this may lead to delay the project as whole?
Well, what we have done is extend the private pre-sale, the roadmap will not change, the launch of exchange  platform will launch on the same time  ( may 2019).
Please refer to this article : https://medium.com/adab-solutions/how-to-purchase-adab-tokens-what-are-the-terms-7dbcf1ef7e14
jr. member
Activity: 182
Merit: 2
As per the postponing of public presale and ICO, the project will change the road map and this may lead to delay the project as whole?
member
Activity: 504
Merit: 16
Incorporating blockchain technology allows the platform to perform a multitude of functions. The team also has a spectrum of capabilities from technology to marketing and business development.
Thank you for your positive feedback, Our team are professionals and they are working really hard to achieve the best results. Thank you for being with ADAB Solutions project.
sr. member
Activity: 602
Merit: 252
Hi admin. why is the ICO postponed?
what reasons?
already know how much money has already been collected?
copper member
Activity: 51
Merit: 0
Incorporating blockchain technology allows the platform to perform a multitude of functions. The team also has a spectrum of capabilities from technology to marketing and business development.
member
Activity: 504
Merit: 16
Recently, I have heard about the etheruim network where the POS protocol will be applied, and as I know that this may be not compliant with Sharia norms?
As in the POS algorithm some people believe that the distribution of coins by stacking based on POS is not compliant with Shariah norms, the returns from stacking by POS algorithm is not conflict with the principles of Islamic finance because these stacking wallet serves important function of securing the network and fulfilling the specification of the coin and there's a penalty in case breaking the rules and the return is based on the weight of hodling coins, so this is perceived as fees not as interest, soon the clear statement is coming from the SAB .
jr. member
Activity: 182
Merit: 2
Recently, I have heard about the etheruim network where the POS protocol will be applied, and as I know that this may be not compliant with Sharia norms?
member
Activity: 504
Merit: 16
How to purchase ADAB tokens? What are the terms?


One of the most asked questions is-“What ADAB tokens are used for?”
As any other token, ADAB tokens will be used to access the ADAB account and will be the form of payment for all ADAB products and services.

Total of 480 000 000 tokens will be issued, this is the technical ... Read more

member
Activity: 504
Merit: 16
Do you have referral systems so we can use it to get extra bounces?
There is no referral system, but in case you have an issue about investment you can contact ADAB's admin in chatting group in telegram ,they are helpful. Wink Wink
Telegram: https://t.me/Adabsolutions
jr. member
Activity: 182
Merit: 2
Do you have referral systems so we can use it to get extra bounces?
member
Activity: 504
Merit: 16
The countdown to the Global Islamic Fintech Summit 2018

Only 9 days left till the Global Islamic Fintech Summit, which will be held in Kuala Lumpur, on 18th and 19th of September ... Read More

member
Activity: 504
Merit: 16
Hi admin. why is the ICO postponed?
what reasons?
already know how much money has already been collected?
Hi , You are still able to participate in closed presale , to know more please read the below announcement


DEAR ADAB COMMUNITY!!!                                                                                                                                                

Today, due to the requests from the participants of the white list and in relation to the need to complete our road show, all our Advisors unanimously advised me to postpone the ICO.  

After long discussions with our ADAB Solutions team and our partners, advisers and, most importantly, taking into account the opinions of people interested to participate in our project, we decided to postpone the date of our ICO and set up a new PRE-ICO period on 18/10/2018-08/11/2018, and the ICO itself on 18/11/2018 - 28/12/2018. Having received a positive response, it was decided to change the dates that will give us more time to conduct a large PR and improve the quality of the project.

We also believe that the shifting of dates will allow us to better prepare for the ICO and will contribute positively to the interests of all potential participants of our project.

In a short time we received tremendous support from professionals, including people who had never participated in ICO projects before. We are very pleased with this interest and did not expect that there will be so many of them.

During the last campaign, about 700 users registered on our website and only 10% of them made payments. This means that the remaining 90% did not have time to buy the company tokens. Therefore, we want to grant participants more time to understand the industry, and help them to get prepare for the upcoming official launch of sales.

During the last business meetings a considerable number of major players showed interest in our project, many of them requested for extra time to have a detailed understanding of the project and response to their inquiries. Additional time will be used by ADAB Solutions team to work actively in all directions.

We plan to spend our time on productive and deep communication with stakeholders and expand the geography of the road shows. We want to assure the community that we are doing our best to ensure that our ICO fully takes into accounts all relevant provisions and norms of Shariah law.

Moreover, we want to note that the postponement of dates will not affect our plans to launch an exchange based on the principles of Islamic finance. We are working on the project in the normal mode.

Official website: www.adabsolutions.com
Private sale: ico.adabsolutions.com
Telegram Group: https://t.me/Adabsolutions

member
Activity: 504
Merit: 16
Hello there, I would like to inquire about your ICO whether it's support trustless ICO pool or not?
Hello, the main needs for ICO pool is to get access to the ICO as early birds when the minimum purchase is huge for the investors and the second reason is to get the biggest bounces when investors participate in ICO pool so they receive their token in proportion to their initial investment, but due to the current circumstance of the Crypto Market as whole and the conditions of ADAB ICO codes trust-less ICO pool is useless , anyway if you or any other are willing to invest to get a huge bounce then you can join ADAB official group in telegram and communicate with admin and they will help you in participation.
jr. member
Activity: 182
Merit: 2
Hello there, I would like to inquire about your ICO whether it's support trustless ICO pool or not?
member
Activity: 504
Merit: 16
As far as I know, does is permitted to conduct transactions with crypto in the Islamic world is not that category haram? because this crypto is decentralized? if it based on the shariah norms so the transaction will not use any fee or tax, right? hmmm still confused with the islam rules (depend the country), for me that isn't effect but i just need some more valid information. thanks
Backed by Islamic finance and based on its principals FICE will provide the transparency of financial actions, excluding all the possibilities of manipulatitive actions- all followed by the principles of Sharia Law.At FICE there will be no projects related to any of the following:Gambling,usury,immoral services,production of alcoholic,beverages and tobaco products, and financial pyramid.
In addition there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
you can get more info on this article
https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
https://medium.com/adab-solutions/more-insights-about-the-first-islamic-cryptocurrency-exchange-8d62b15fd063
Actually , It is crucial to understand that Islamic finance is not religious notion. There are many non-Islamic countries following the ethics of Islamic finances as well.
Regarding to the fees, There will be fees for trading transactions (0.05%-0.2%), you may need to refer to the revenue model article.
https://medium.com/adab-solutions/the-revenue-model-of-adab-solutions-c78cc313259c
ADAB Exchange revenue model is based on the First Islamic Crypto Exchange where the revenue will come from sources as the table below.

OK understand, it seems very legit after read that article (got some knowledge) but there is still has some problem that is about decentralized if ADAB can keep the price stable like USDT,DAI or XRP i guess ADAB will be the best ever project in this years. talking about the Shariah norms its mean that you will use centralized system, right? I got the words from https://medium.com/adab-solutions/what-principles-of-islamic-finances-adab-solutions-company-adopts-47d5f75bd4ad
Islamic financial principles:
· Government, as a regulating and controlling Board

if you seriously can realization that point to becomes a reality, I will really like it. it means this project is not just using the word shariah norm. very interesting project, i will keep focus my eyes to this project. Shocked
I guess the government should be involved to monitor activities to eliminate any potential of shady activities and manipulation, the government that give jurisdiction to the exchange should protect their citizens and others not to caught up in shady money grabbing companies.
The article is about the principles of Islamic finance in general which include comprehensive financial services ,the point you've mentioned will not affect the decentralized feature which represents one of the most important characteristic in blockchain,I can say it's related to Islamic banking , in addition , ADAB is engaged in the registration of FICE in Malta.  
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