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Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 71. (Read 87052 times)

jr. member
Activity: 238
Merit: 1

There are many common cryptocurrency exchanges on the market, but the ADAB team developed the first exchange with a big difference. Therefore, strongly competitors will not interfere.
What are the main advantages of the future ADAB platform? Than this exchange will be better?
member
Activity: 434
Merit: 10
SESSIA
Today, there is a very big and tough competition in the field of crypto exchanges. The ADAB project really needs a lot of work to gain popularity among investors.
There are a lot of competitors now in the young market, even more than necessary. But the team must cope in order to continue to be an excellent exchanger for its people.

There are many common cryptocurrency exchanges on the market, but the ADAB team developed the first exchange with a big difference. Therefore, strongly competitors will not interfere.
Yes, here is a big difference. It is first time I face such exchange, so it is good that fresh ideas are being realised in crypto, but at the same time I don't know what to expect.
legendary
Activity: 2534
Merit: 1713
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I have a question regrading this Islamic exchange system how you will monitor the source of income of any person. Maybe you post this answer before but hard to browse the whole thread. Only Muslim people will be able to trade there or invest in this project?

Thank you for your question. It is very nice and refreshing to finally read a post from somebody other than a multiple alias user that floods this thread.

With so many pages it stands to reason you would not be able to find what you are looking for especially with multiple aliases flooding this thread.

I asked this question some time back and clearly made a distinction between the two aspects. Well there are two steps regarding this project as mentioned in the link and your question is clearly an appropriate one to ask:
https://bitcointalksearch.org/topic/m.47019859

One being the actual process of anybody sending their funds to an existing exchange, either to trade for other coins or to ask for the funds to be invested. The other being people sending money at the ICO stage to participate in the creation of the exchange. On both counts it would not be an issue for this process to happen on every single exchange out there but when it happens in a Shariah or religious based project then various cautions and precautions (for vetting and monitoring sources of income) are paramount.

I look forward to the team members giving you a response.
member
Activity: 434
Merit: 11
Today, there is a very big and tough competition in the field of crypto exchanges. The ADAB project really needs a lot of work to gain popularity among investors.
There are a lot of competitors now in the young market, even more than necessary. But the team must cope in order to continue to be an excellent exchanger for its people.

There are many common cryptocurrency exchanges on the market, but the ADAB team developed the first exchange with a big difference. Therefore, strongly competitors will not interfere.
legendary
Activity: 2534
Merit: 1713
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I think I started to believe what you said, because the team did not give an answer or response to the statement you said. if this project is not a Scamm, the team should respond to your statement, but there is no firm response here

Hello. If you read this thread more carefully, you will see that we have already answered all of his statements.

This man worked with us. He took the money, but didn't do the work. We fired him. Now he is trying to revenge. But he will fail. He has no real evidence. Only theory.
Answers to 90% of his questions can be found in White Paper. What is there to talk about? The man didn't even open the white paper, the financial forecast ...

We decided not to pay attention to this abnormal anymore.

Thank you for your question.
with best regards
I would like to show everybody the reason why JollyGood is posting here. Here is an explanation. So just don't pay attention to this fired emloyee
Now everything is clear. I had 2 options, that he was either just a religious fanatic or a former employee of the project, who for some reason had left and was now embittered at the team.


I was never fired by them because I never worked for them. I was never asked to work for them. I never received any money from. I did not and will not participate in their web design, team advisor, ICO, bounty, community development or anything else.

I am not a religious fanatic.

Both of your options are wrong. I am waiting for an explanation from the OP whitetoo as to why he made that false allegation against me and I am waiting for him to apolgise. He has alluded that the information was provided from above from the "team" and that he relayed the message but I dispute that. I think the OP whitetoo got carried away and made an allegation in anger and that he cannot substantiate it with evidence (because he lied).
jr. member
Activity: 140
Merit: 2
Today, there is a very big and tough competition in the field of crypto exchanges. The ADAB project really needs a lot of work to gain popularity among investors.
Everything will depend on the marketing plan and further work of the exchange itself.
legendary
Activity: 1876
Merit: 1003
I have a question regrading this Islamic exchange system how you will monitor the source of income of any person. Maybe you post this answer before but hard to browse the whole thread. Only Muslim people will be able to trade there or invest in this project?
jr. member
Activity: 104
Merit: 1
I hope that investors will support the project. Because fans of Islam need their own cryptocurrency exchange. Just the ADAB  team developed it.
In the chat, people speak very positively about ADAB. Muslims support the project.
member
Activity: 322
Merit: 10

But there are not many tokens which are breaking sheriat rules. Only gambling, alcoholic and adult video projects.
It seems to me that the matter is not in the field in which ICO is conducted, but where did it come from (in what way) earn money that was invested in ICO. Only I do not understand how you can check the origin of money?
No, you aren't right. Adab CEO explained position about origin of money.
They don't care about it, because being an exchange they focused on listing process and this is the only what they care about.

ADAB CEO says right things. In cryptocurrency exchanges have not to care about the origin of the money.
That's it, but speaking about Adab some haters claim that if adab doesn't care about origin of money,then it is non-shariah. I just wanted to stress the fact : in discussed business FICE is shariah complient ONLY in terms of LISTING shariah complient tokens
full member
Activity: 532
Merit: 100

But there are not many tokens which are breaking sheriat rules. Only gambling, alcoholic and adult video projects.
It seems to me that the matter is not in the field in which ICO is conducted, but where did it come from (in what way) earn money that was invested in ICO. Only I do not understand how you can check the origin of money?
No, you aren't right. Adab CEO explained position about origin of money.
They don't care about it, because being an exchange they focused on listing process and this is the only what they care about.

ADAB CEO says right things. In cryptocurrency exchanges have not to care about the origin of the money.
legendary
Activity: 2534
Merit: 1713
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It has been over 24hrs since the questions were posted and over 24hrs since my last post.

I waited for the OP whitetoo to post but he has not answered the 3 questions specific to him.

man i'm busy too. Wink And the whole world does not revolve around you. Smiley My answers are below.
The rest answers I expect from the team and write to you as soon as I get them.


Q1: You refer to Adab Solutions as "we". You wrote earlier "We are developing a beta version and submit it in January. Just wait and see everything. It will certainly differ significantly from the MVP." What is your position and what is your work within Adab Solutions? You answered several posts highlighting Shariah so are you Muslim? Do you follow Shariah?
When I used the word "we" I meant the project. In most cases I just give the answer of the team to your questions and write them here. That is all that concerns the Shariah is the answer of the leaders. That is as you understand I just relay them.
As for my position in the project: I manage the bounty in the project. I am not a Muslim and don't follow the laws of Shariah, but I respect Islam and Sharia!!! If you say that I have no right to work in a Muslim project, I will tell you this: A huge number of non-Muslims work in Islamic banks all over the world. The point is full compliance with the principles of Islamic finance. My work is also approved by the mufti.

Q3: The multiple aliases flooding this thread - who is the owner and what gain is in it for the flooders?
Honestly, I don't know who the owner is. I think these are real people who support the project. After all, we are conducting a large-scale advertising campaign + a very powerful bounty on this forum. People are just interested in the project. These aren't my multiple accounts! I have no more accounts.

Q9: Please explain fully why you lied and said I took money from you and said that that I worked for you and was fired by you.
I want this information to remain within the team. Perhaps it was a mistake and I don't want to make a big problem out of it. I won't say that anymore and ask you to forget about it.



I never said the world revolves around me so stop being condescending.

This is what I understand from your post:

Re Q1:  You said are the bounty manager. You said you are not Muslim therefore you do not follow Shariah. You said respect Shariah.

Re Q3:  You said you are not using multiple accounts to flood this thread and you said you do not know who the multiple accounts belong to

Re Q9:  https://bitcointalksearch.org/topic/m.47148784

You made a false allegation against me and when you did not mention the "team" it was directly from you. You falsely stated I worked for you. You falsely stated you paid me. You falsely stated I took payment in advance for work that I did not complete but I never worked for you. I never was asked or invited to work for you. You owe me an apology.

You saying: "I want this information to remain within the team. Perhaps it was a mistake and I don't want to make a big problem out of it. I won't say that anymore and ask you to forget about it." is not good enough. You made the post falsely stating I worked for you and you falsely stated I took your money. You owe me an apology and saying you want that information to remain within the "team" is a way to try to save face.

I am waiting for an apology directly from you not from the "team". The fact you try to hide behind the "team" by alluding it was them that gave you false information is just for you to cover up by claiming you are innocent. I removed by signature and did not post here except once to reply to someone saying he will return to read your answers after 24 hrs. I mentioned I wanted honest and open answers but I did not receive it regarding the false allegation you made.

If this project is what it claims to be with regards to Shariah then I will champion the cause myself with a great signature and remove any posts that you or the team ask me to.

If your project is what it claims to be with regards to Shariah then I will not post here in this thread again.

As mentioned in the previous message, I will do not want anything from you or the team. No bounty, no money, no fees. I want nothing and will ask for nothing and I will champion your cause but I am not happy with your lack of honesty and regarding Q9.

I want a full explanation and a full apology. I know why you lied about me but I want you to state it clearly.

I also understand you are awaiting answers for the remaining 6 questions. I will wait for at least 3 days from when the original post was made (https://bitcointalksearch.org/topic/m.47202099) before asking for clarification unless of course they send their replies to you and you post them beforehand.

Thank you
member
Activity: 322
Merit: 10

But there are not many tokens which are breaking sheriat rules. Only gambling, alcoholic and adult video projects.
It seems to me that the matter is not in the field in which ICO is conducted, but where did it come from (in what way) earn money that was invested in ICO. Only I do not understand how you can check the origin of money?
No, you aren't right. Adab CEO explained position about origin of money.
They don't care about it, because being an exchange they focused on listing process and this is the only what they care about.
full member
Activity: 532
Merit: 100
For sure most of tokens will be traded on exchange, but I am trying to explain you the matter of Adab in general.
I am not sure that understand it correctly.

I think it is clear about tokens listing. They will trade only tokens which do not offend against sheriat laws.
member
Activity: 434
Merit: 10
SESSIA
Has anyone ever heard the position of the ADAB project team regarding which coins will be represented on the stock exchange? Maybe it's time to start the selection of candidates for the first free listing?
Firstly they should finish ICO and present beta version. You know, some exchanges are developing for a long time without any progress and listing of coins.
I hope Adab is another story
jr. member
Activity: 126
Merit: 1
Has anyone ever heard the position of the ADAB project team regarding which coins will be represented on the stock exchange? Maybe it's time to start the selection of candidates for the first free listing?
member
Activity: 476
Merit: 12
For sure most of tokens will be traded on exchange, but I am trying to explain you the matter of Adab in general.
I am not sure that understand it correctly.
jr. member
Activity: 126
Merit: 1

But there are not many tokens which are breaking sheriat rules. Only gambling, alcoholic and adult video projects.
It seems to me that the matter is not in the field in which ICO is conducted, but where did it come from (in what way) earn money that was invested in ICO. Only I do not understand how you can check the origin of money?
sr. member
Activity: 588
Merit: 251
It has been over 24hrs since the questions were posted and over 24hrs since my last post.

I waited for the OP whitetoo to post but he has not answered the 3 questions specific to him.

man i'm busy too. Wink And the whole world does not revolve around you. Smiley My answers are below.
The rest answers I expect from the team and write to you as soon as I get them.


Q1: You refer to Adab Solutions as "we". You wrote earlier "We are developing a beta version and submit it in January. Just wait and see everything. It will certainly differ significantly from the MVP." What is your position and what is your work within Adab Solutions? You answered several posts highlighting Shariah so are you Muslim? Do you follow Shariah?
When I used the word "we" I meant the project. In most cases I just give the answer of the team to your questions and write them here. That is all that concerns the Shariah is the answer of the leaders. That is as you understand I just relay them.
As for my position in the project: I manage the bounty in the project. I am not a Muslim and don't follow the laws of Shariah, but I respect Islam and Sharia!!! If you say that I have no right to work in a Muslim project, I will tell you this: A huge number of non-Muslims work in Islamic banks all over the world. The point is full compliance with the principles of Islamic finance. My work is also approved by the mufti.

Q3: The multiple aliases flooding this thread - who is the owner and what gain is in it for the flooders?
Honestly, I don't know who the owner is. I think these are real people who support the project. After all, we are conducting a large-scale advertising campaign + a very powerful bounty on this forum. People are just interested in the project. These aren't my multiple accounts! I have no more accounts.

Q9: Please explain fully why you lied and said I took money from you and said that that I worked for you and was fired by you.
I want this information to remain within the team. Perhaps it was a mistake and I don't want to make a big problem out of it. I won't say that anymore and ask you to forget about it.

full member
Activity: 504
Merit: 100
I am confused by the fact that the ADAB-exchange will trade only the main crypto-currencies. Perhaps by Shariah norms this is the right decision. But in order to attract as many people as possible, including non-Muslims, the exchange must trade various types of cryptocurrencies.
I fully agree with you, the more trading pairs on the exchange itself, the better.


Do you think ADAB will list only shariah coins ?)) Of course they will list all the coins.
Only if Sharia tokens, then the exchanger will specifically target one topic, it is not very profitable for marketing purposes.

Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Just make the right listing for customers and the question will be closed, there are rules everywhere and they need to be followed.
In any case, you need to add only good coins, because reputation is the most expensive thing that the project has

Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
Adab will not list scam coins and non shariah coins. It is told in their WP. I hope we can believe it. But let's see once exchange is launched

WIll not list shariah coins? I do not see it in the whitepaper, I hope they know what they do.
You didn't understand properly. Their primarly purpose is to do shariah compliant business and as a result they don't list everything braking shariah rules.

But there are not many tokens which are breaking sheriat rules. Only gambling, alcoholic and adult video projects.
Exactly and he is telling about Adab exchange. it was originally created to provide access for shariah followers and to make so they need to restrict listing of some tokens

Some tokens, but not all. I think many popular tokens will be traded on ADAB, and it will be popular exchange.
sr. member
Activity: 602
Merit: 252
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