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Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 6. (Read 87084 times)

legendary
Activity: 1876
Merit: 1003

Hello! How is your project going? What in terms of legislation? I hope you are doing well? I really liked the idea of ​​your exchange. I am pleased to take part in the auction on it! Good luck!

No active team behind this project so you are wasting your time by chasing them. This is not a realistic idea when somebody use the religion as weapon and collect money with emotional blackmailing. I don't think this will work in long term.
jr. member
Activity: 196
Merit: 2

Hello! How is your project going? What in terms of legislation? I hope you are doing well? I really liked the idea of ​​your exchange. I am pleased to take part in the auction on it! Good luck!
copper member
Activity: 74
Merit: 0
How much achievement has ADAB been at the ICO so far? on the website does not contain achievements, maybe someone can help me?
because this is important for me to participate in ADAB


In October 2018, we reached a soft cap (2 500 000 $)
Now about 3.8 million $
we will publish the exact amount of the collected investment upon completion of the pre sales.

sr. member
Activity: 1190
Merit: 250
COMBONetwork
How much achievement has ADAB been at the ICO so far? on the website does not contain achievements, maybe someone can help me?
because this is important for me to participate in ADAB
legendary
Activity: 2534
Merit: 1713
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Look at the email they have been sending out.

There is nothing religious or Shariah about celebrating "New Year" that makes it a reason to have another "sale".

Pathetic scammers pretending to be "religious".






The scammers are going all out with unbelievable ICO discount offer since day one. The "discounts" keep going on and on in order to fool newbies and gullible investors

Since they started their pre-sale ICO scam in August 2018 they have given up to 150% discount !

Their pre-sale ICO last for 6 MONTHS from August 2018 to February 2019

Then their ICO will last from February 2019 to August 2019

These scammers will run a 1 year ICO in order to scam as many newbies and gullible investors as they can

The longest ICO in history just so they can scam as many people as possible....

Nothing religious or Shariah about this pathetic scam  Roll Eyes


newbie
Activity: 13
Merit: 0
Is this a joke? the Committee of scholars issued a fatwa for you?  which one? If this is really  according to religion, then there must be a fatwa. SCAMMERS!
P.s. A beard doesn't make a man a mufti!
legendary
Activity: 2534
Merit: 1713
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This is a scam "project".

Everybody beware !
copper member
Activity: 74
Merit: 0
legendary
Activity: 2534
Merit: 1713
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Abeer Mousa the Community Development Manager should answer how many flooder sock-puppets thread pumpers do the Russian bounty team have here?

The Russian/Ukrainian bounty scammer and the OP "whitetoo" has been banned.

What is the relationship between Adab Haraam exchange and all these sock-puppet accounts that flood this thread?

copper member
Activity: 74
Merit: 0
copper member
Activity: 74
Merit: 0
Proofs, please!
Provide me the open source smart contract! Show me all those money they received!

No they will never show any proof because Adab Haraam exchange are scammers.

They are running a 6 month "pre-sales ICO" and then will run a 6 month "ICO".

Sometimes they give 150% binus and sometimes 40% bonus. What a bunch of scammers.

They are a bunch of scammers that talk about having $3 million investment from pre-sales ICO but refuse to give the smart contract details because they are Kazakh/Russian/Ukrainian scammers.

They are running a 12 month ICO  Grin Grin Grin Grin



We never gave a 150% bonus and will never give such a bonus.
The ICO project will not last 12 months
legendary
Activity: 2534
Merit: 1713
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Proofs, please!
Provide me the open source smart contract! Show me all those money they received!

No they will never show any proof because Adab Haraam exchange are scammers.

They are running a 6 month "pre-sales ICO" and then will run a 6 month "ICO".

Sometimes they give 150% binus and sometimes 40% bonus. What a bunch of scammers.

They are a bunch of scammers that talk about having $3 million investment from pre-sales ICO but refuse to give the smart contract details because they are Kazakh/Russian/Ukrainian scammers.

They are running a 12 month ICO  Grin Grin Grin Grin
copper member
Activity: 74
Merit: 0
Hello guys! If you have doubts in the project, then read this post.


I recommend to anyone who doubts the project to watch this video.

For those who do not know: Mufti is the highest spiritual figure among Muslims. Giving the right to make decisions on religious and legal issues, to give explanations on the application of Shariah.
VIDEO MESSAGE from Mufti Faraz Adam:




If it is hard to perceive by ear, then I have an approximate text. You can read:

Shariah Pronouncement – Adab Token
By Mufti Faraz Adam and Mufti Muhammad Abu Bakar


Adab Token is a Utility Token which is based on the ERC20 standard and is subject to automatic executing upon the occurrence of pre-specified conditions. It is structured and based on the following criterion of Shariah and Islamic law.

There are various types of crypto-assets such as coins, equity tokens, utility tokens, commodity tokens etc. The Shariah treatment varies depending on the nature and features of the particular crypto-asset. Since the Adab token is regarded as a utility token, our review focuses on utility tokens. Before delving on the particulars of the Adab token as a utility token, it is imperative to appreciate that tokens qualify as lawful property from an
Islamic commercial law perspective.

There is a difference of opinion among scholars with regard to the definition of Mal (wealth / property). This is primarily due to the Holy Qur’an and the Sunnah of the Prophet (peace be upon him) being silent on the matter. Hence, as per the dictates of Islamic law, Urf or customary practice is considered an important source in determining something as Mal. Scholar have opined that anything which has the following attributes can be considered as Mal:
a) It has commercial value according to customary practice or naturally desirable,
b) It is capable of being stored for the time of necessity,
c) It is capable of being possessed and owned.

In order to use something as Mal, it is also necessary after fulfilling this basic criterion that it should be Mutaqawwim. Mutaqawwim refers to something which is lawful in Shariah and has permissible uses. For instance, alcohol fulfills the basic criterion of Mal, but it is not classified as Mutaqawwim as it is not permissible according to Islamic law.

Taking into consideration this criteria of Mal Mutaqawwim, we are of the view that the Adab token fulfills this criteria. The Adab token has commercial value as each token is backed by permissible services and products offered on Islamic Cryptocurrency Exchange. Further, these tokens can be possessed through digital wallets. The Adab token is Mutaqawwim as it provides access to only Shariah complaint
services and products.

Since the Adab token is a utility token, it is of benefitto discuss utility tokens. Utility tokens are crypto-assets which derive their value from future utility. Such tokens are commonly used to raise funds for a particular project. The tokens promise certain benefits, services or rights to token holders. The Adab token functions as a utility token. It will be issued through an ICO to raise funds for the development and scaling of the Islamic Crypto Exchange. The token will be the property of its owner (token-holder) and hence token holders will be entitled to get access to the products and services of the Islamic Crypto Exchange.

Underlying Platform:

The Adab tokens give access to permissible services and products on Islamic Cryptocurrency Exchange (FICE). The proposed structure of Islamic Cryptocurrency Exchange does not allow any Shariah non-compliant securities to be traded such as conventional bonds, derivatives etc. Likewise, any Shariah non-compliant investment strategy or contract such as short-selling, margin trading and roll-over etc are also strictly profited on the platform. To ensure Shariah compliance of each facility on Adab FICE, there will be an ongoing review and audit of Adab by Shariah Supervisory Board in conjunction with the Internal Shariah Compliance Officer, Mufti Faraz Adam.

To best of our knowledge on the basis of above justification, we are of the view that participation in Adab ICO and its secondary trading is permissible.

Allah (swt) knows best.

Mufti Faraz Adam and Mufti Muhammad Abu Bakar

Shariah Advisors at Adab Solutions

legendary
Activity: 2534
Merit: 1713
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Well, first of all, they have a 90% of bots and airdropers in the community.

Second, they invite people without permission in their community channels.

They have a bunch of people pumping this thread.

And LAST they are not transparent - is that what you call Shariah norms?


----- WARNING -----


----- SCAM ALERT -----


You are right, it is clear there are a "bunch" of people pumping the thread but what you might now know is that the Kazakh "owners" of this scam are collaborating with Russian/Ukrainian bounty scammer Vitali Chebotarov who uses many sock-puppets to pump threads including this one.

Thankfully the OP sock-puppet account got permanently banned. Just look at the same fake accounts that have been pumping this thread from the first page until now - all operated by Russian/Ukrainian bounty scammer Vitali Chebotarov





legendary
Activity: 2534
Merit: 1713
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Hello Abeer Mousa from Egypt

The Community Development Manager should answer all questions

Where is proof of the $3 million investment being reached?
member
Activity: 476
Merit: 10
A Blockchain Mobile Operator With Token Rewards
I think scammer Vitali Chebotarov from Ukraine will need psychological as he probably gets lost and confused when using his sock-puppet accounts and when sending messages to each other just to pump the thread and to try to give it a fake sense of it being genuine but it is a scam.




This is what happens if a good project launches, many people are unhappy, moreover other projects that are like the ADAB, we will see what the ADAB project will be like, the journey is still very far
member
Activity: 168
Merit: 10
What an approach! I think these reputable members of Council will make right decisions and haters won't be involved in this discussions anymore. If members of islamic finance, really professional guys check Adab and approve it , then there won't be any problems with haters
Part of the dispute will subside when a smart contract is granted. Many here are waiting for this.


smart contract will be launched during the crowdsale.


What a bullshit, man. I don't even know who is alex milton, the only thing I know is that he is someone from adab team.
By the way his English seems better than mine.


Yes, I am a member of the ADAB Solutions team.
You can ask any questions here.


Yes, WP should be studied properly to make right investment decisions. How can you avoid it ?
I also didn't properly studied WP, but I am not going to invest in this ICO. I have another approach, I prefer to buy tokens on exchange with a huge discount


During pre-sales, we give the best conditions for our customers: up to 40% bonus. Have time to purchase during this stage.


Proofs, please!
Provide me the open source smart contract! Show me all those money they received!

No they will never show any proof because Adab Haraam exchange are scammers.

They are running a 6 month "pre-sales ICO" and then will run a 6 month "ICO".

Sometimes they give 150% binus and sometimes 40% bonus. What a bunch of scammers.

They are a bunch of scammers that talk about having $3 million investment from pre-sales ICO but refuse to give the smart contract details because they are Kazakh/Russian/Ukrainian scammers.

They are running a 12 month ICO  Grin Grin Grin Grin


We never gave a 150% bonus. Now the bonus is 40% and is given only during pre-sales.
smart contract will be available during the crowdsale (pre-ico and ico).


Well, i don't mean that I am sceptical. On a first sight it seems weird, and  my thought was just LOL on the whole idea, but looking at raised soft cap I see that someone has invested.

Raising 2-3 millions today is tough. i don't know how they will base on shariah norms, I am far from it, but it is not typical ICO anyway


They never provided any evidence of their soft cap. Everybody knows they are lying, they never reached $2m or $3m otherwise they would present their wallet address and smart contract.

You are right this is not a typical ICO, these scammers are running a 6 month "pre-ICO" followed by the actual "ICO" which will last another 6 months.

12 months for an ICO? Unheard of but this is what scammers do.
 
Still the scammer Vitali Chebotarov from Ukraine and his sock-puppet accounts continue to send messages to each other. Seeing "minttop " send a thank you message to "AlexMilton" was very funny because both accounts are operated by Vitali Chebotarov who is pumping the thread along with all these sock-puppet accounts:



whitetoo (the OP of this thread has been permanently banned)
520bit
Mari Royalteam
RoyalTeam
vitalii_invest
12assa34
AdamNelson
Aleksandra 81
AlexMilton
assasin21rus
ARTiShock2008
bazar111
berkoch
Bigjackpot
bmw_e46
buttnonslet
Charisma359
Crypton2018
D1jay
daly896
Den1ska
Departament11
Dezlife
DonProton
draka_na_dne
drrekkty
Enchantment99
evgenii17
fgp5
FORTUNA88
Freddy63
gansbit
gennadyg
Genrix
GOSPOD1N
Garahain
Guardsman
Hanna_Money
lkjhg
luongdk
kl1nkagg
kmntrci
miner_boy
minttop
mo1.drug11
MoLoKo789
NedStrex
nerttor
paxswerr
perovsergey24
Phileste
Pline
pogi23
psp_
Redded8888
Ring8523
rolik2001
SergeyZ
SerjiGrey
sofaflesh
trobbert
Tryam93
ZloiRediska



..The OP is permanently banned

..The Russian/Ukrainian bounty scammers have flooded this scam project to pump threads

..They are happy to accept ICO funding from pimps, prostitutes and drug dealers yet they call themselves a religious project

..The "team" behind this project have been exposed as having extremely shady backgrounds:
https://medium.com/@douglaslyons/adab-solutions-exchange-major-red-flags-found-76a86d02e01b?fbclid=IwAR07tXklAZfXCbQcdsAGBmT7ZY0oZ0knBkatMIjy0rdILpgUOgfiDbfwHuI

Please be very careful and DO NOT INVEST in Adab Haraam exchange



Our ICO project will not last 12 months!


member
Activity: 168
Merit: 10
Hello, I would like to see some progress in collection progress. Any updates about it? Are you ok to collect funds on this market?


Yes, we are fine.
MVP (alpha version) you can see the link: mvp.adabsolutions.com/exchange/
The exchange will function on July 31.


So good responses, I see high level of customer support here.
Basicly team members from other ICOs aren't that responsive and Adab team level up their service!


Thank you very much! We do everything possible and work hard to provide you with a good product.


Man, just tell me, what is the reason for you to blame on each ICO you see? Is it your life goal to fight against shady ICOs you don't like? I've decided to post here every day just to express my opinion about this ICO and after you accused me despite fact that I've never wrote in that threads you mentioned, I've decided to fight against you here.
In fact, this person provokes  by his messages so that people write more and more. When it was blocked, I didn’t have a special desire to write in this thread.


I think this person provokes projects to score to the rank. Or it is a person who takes money for it.
Do not get fooled by any provocations.


Yes, there is a kind of manipulation here we have. I think he tries to get money for black mailing. Probably it is his way to survive.


agree with you


There is no information from the Kazakh scammers that are the owners of this "project"

The scammer OP "whitetoo" has been banned

All of the sock-puppet scam accounts operated by Russian/Ukrainian bounty scammer Vitali Chebotarov rotate and post to pump the thread

This scam has been exposed and is dead


Our project is not dead, and to your regret, the project is becoming more successful.


I can't agree that project is dead. Market is tough, but Adab keeps going and they have attended important forum devoted to islamic banking recently.
I think we should concentrate more on what team is doing at the moment and product should be main priority


I totally agree with you. At a time when the market is going through a bad period, we don’t give up and do our best to meet your expectations.


Round and round we go, Russian/Ukrainian bounty scammer Vitali Chebotarov uses sock-puppet after sock-puppet account to post mostly incoherent messages here again and again trying to show they are different
people but Russian/Ukrainian bounty scammer Vitali Chebotarov is pulling the strings for so many fake accounts: https://bitcointalksearch.org/topic/russian-scammers-whitetoo-520bit-royalteam-vitaliiinvest-mari-royalteam-5077842

Pumping this thread will not work in fooling newbies and gullible investors to take part in the 12 month long scam ICO

Nothing Shariah or religious about this scam






You confidently write that we do not have sharia.
Do you know anything about Islamic finance and Sharia law?
Maybe you yourself write what do you mean the norms of Sharia?


Well, how about official representatives of Adab? I think they have a working plan and don't shift dates in launching product. Only tokensale was extended due to bad market


the extension of the pre-sale stage does not affect the roadmap of the ICO project.


Thank you Alexmilton for responses. I appreciate your feedback.
 I hope you will struggle with market conditions and suceed to deliver best product!


Ask all your questions, happy to answer.


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