Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 38. (Read 87052 times)

If you are a smart person, hopefully it will be useful for your intelligence and you don't need to say anything rude to me because of your own intelligence.

In mid september I had raised some serious doubt on the legitimacy of this project, I see that my suspicions have been most likely confirmed. Red flags everywhere.

It all depends on the popularity of the project, the higher the popularity, the higher the demand for the token, the higher the token price.

The OP is a rude, aggressive fool who does not know how to communicate in a professional manner with people.

The OP is Russian, he is using an account he scammed from the original owner called whitetoo and uses another login called 520bit which he also scammed.

He is in cahoots with Russian RoyalTeam and all their aliases which claim to be bounty managers.

What they do is flood threads for two main reasons. One is to impress the project owners in order to receive more 'bounty'. The other is to generate fake buzz and fake hype using their sock-puppet accounts to pump threads with ridiculous incoherent messages. They also use their sock-puppets to attack anybody asking questions about their projects and those that disagree with them.

In the case of some other projects they are not bounty managers but actively use their sock-puppets fake accounts to promote projects with propaganda because they are either hiding that they are owners or they have some deal with the owners (coinsbit)

In mid september I had raised some serious doubt on the legitimacy of this project, I see that my suspicions have been most likely confirmed.

Red flags everywhere.

Everyone? hmm... 1 stupid guy. As I already said he is a paid puppet. Look at his posts and make a conclusion. He writes so persistently only in our project. So, its messages are bought by our competitors.

if you are an intelligent, educated person, then just ask all your questions. I will answer. The project must be studied! And don't believe good or bad reviews.

A very respected man - Maxat Salpyn asked me to answer you.

I think there are all the answers. And you will change the view that I and the ADAB team are scammers.

and I hope all the same that common sense will win and you will understand that these accounts are not mine! go to any thread and see. Everywhere many people write many times! And what do you want to say? are my accounts too? haha... drivel...


Q2: The 3 Team members that the owners from Kazakhstan - what is their full religious denomination? If Sunni which branch? If Shia' which branch? If anything else, which branch?

All three Kazakh members of the project are Muslims and belong to Hanafi (Sunni) school of thoughts as the majority of Kazakh people.

As for the Shariah Advisory Board of FICE, I would like to mention that the Islamic finance industry is heavily dependent on religious scholars for validation of its products and services. Each Islamic financial institution has a Shariah board to validate its operation. The scholars in our Shariah Board will represent different schools of thought within the Sunni sect of Islam. Sunnis are in majority and they follow one of the four schools of thought of Sunny Islam. The differences among them are very minor. Furthermore, a scholar who may otherwise belong to a particular school of though does refer to the opinion of the past or present scholars of a different school of thought in making a decision on the validity of a product or service.


Q4: Why did the Team decide to register in Umm Al Quwain rather than Dubai or Abu Dhabi? Why choose UAE over their native Kazakhstan or Uzbekistan?

We have registered in Umm Al Quwain, because that was an easiest and fastest way for that time to get license and resister company. Now we are considering to move to ADGM or DIFC, as we want to have well regulated jurisdiction. Early next year UAE plans to introduce comprehensive regulation on ICOs an blockchain. FICE by itself is under the process of registration in the UK, which has safe and transparent regulation for the crypto exchange and well as confidence all over the world.

Q5: Will any/all investors that participate in the ICO have to send ID for KYC/AML? If so, why?
Investor doesn’t need to send ID for KYC to participate in the ICO.

Q6: KYC is a sensitive issue for many. If the exchange is active and users sign-up and send KYC ID then which precautions are taken to ensure the ID will not be misused?

We guarantee that the data of our customers will be used only as intended. Data security will be provided at the highest level with the partnership with the best company in the world.

Q7: Both Md Mofassair Hossain and Kazi Sohel Alom have been removed from the whitepaper and the Team section of the website. What were real full reasons for their removal?

 Md Mofassair Hossain and Kazi Sohel Alom were an integral part of our company for the last several months. Their contributions will always be valued and remembered. Their hard work, commitment, and dedication are worthy of admiration. We are discussing their future career objectives and, anyway, we wish them the best of luck.


Q8: At present there is no exchange, the business is just a company on paper. Adab Solutions are seeking investment. At the ICO and pre-ICO stage they are unable to fully vet investors therefore they might be getting people sending in funds from illicit, illegal and immoral sources such as prostitution.

You are not right in this sentence. ADAB Solutions is already known globally and has a recognized brand name.  We already in the process of developing and registering the FICE. MVP is ready and our team of Development team is hardly working on the technical side of the FICE and Alfa version of FICE will be presented in January and final Beta version in February. We already developed Shariah screening procedures of the FICE and in a few days will present Shariah conclusion on ADAB token by Mufti Faraz Adam.

take a look at this trashy sheet:

https://docs.google.com/spreadsheets/d/1YbqiRebLMVPe5_qnURtog0eQBtJzvtmtvQ2Z8njEi4M/edit#gid=2130562689

Of course, investing in ADAB need only for a long time, quick profit here will not work, 6-9 month minimum.

Everyone has said this is a real and undeniable scam. Almost all posts say this project is a scam.

You're right. I've seen ICOs protect their sales details. However, when their integrity is not only at stake, but is being openly questioned, the very least they can do is to find some credible and neutral third-party, bind them to an NDA and disclose the information to them. The third-party will in turn assure the community about their claims. If Tether wasn't too big to fall, what makes ADAB any different?