Topic: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms - page 76. (Read 87070 times)
October 24, 2018, 04:33:20 AM
Hey, how about updating supportes with recent news? personally I rarely use something besides bitcointalk to find information about news, announcements
October 24, 2018, 04:09:46 AM
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.
Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
WIll not list shariah coins? I do not see it in the whitepaper, I hope they know what they do.
October 24, 2018, 04:02:51 AM
Exactly they list popular crypto currencies, but will avoid listing shady projects, this is the main goal, to prevent listing of tokens created to deliver alcohol, gambling and so on
I even do not think about this. Indeed there many tokens which are making alcohol, gambling, private videos and etc, and they are all out of laws of sheriat.
October 24, 2018, 03:48:41 AM
In fact, if you look at all the information on the site, the team really prepared everything very well, the most important thing is that everything is at the highest level of preparation, it will all give investors confidence that by investing money here they will have their own good interest
Yeah, level of preparation is important,but you will have to realise that development isn't a simple process and it can't be done for a short period of time. October 24, 2018, 03:36:23 AM
Exactly they list popular crypto currencies, but will avoid listing shady projects, this is the main goal, to prevent listing of tokens created to deliver alcohol, gambling and so on
October 24, 2018, 03:30:16 AM
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.
Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
WIll not list shariah coins? I do not see it in the whitepaper, I hope they know what they do.
Maybe it is logically if it is Muslim exchange . But I think popular coins such as ETH,DASH,NEO and etc will be there , too.
October 24, 2018, 03:23:15 AM
We will show the beta version. Also very soon you will see the FACTS and the EVIDENCE that the project relates to Muslims and will work according to the laws of Shariah.
regards.
I will be pleased to test your beta version.regards.
October 23, 2018, 03:17:46 PM
Of course, creating just another exchange is not a very effective solution. But they decided to focus on Muslim countries. Not let us make any forecast but perhaps have project that any tickles.
October 24, 2018, 03:16:18 AM
@ whitetoo
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?
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?
Q3: The multiple aliases flooding this thread - who is the owner and what gain is in it for the flooders?
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?
Q5: Will any/all investors that participate in the ICO have to send ID for KYC/AML? If so, why?
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?
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?
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.
If KYC is being done at ICO an pre-ICO stage then why not ask specifically for an annual tax return and letter of employment with salaries stated? Add to that the checking of all available information about the investor such as FB, Twitter, Insta etc to check to see if they are being honest. This might make investment slightly harder by putting investors off but it will filter out those people that should never invest in a Shariah project.
If any project is a standard non-Shariah project then there would be no need to take extra precaution. If a project is based around Shariah then extra precautions must be taken.
Please note, the question is specifically about ICO and pre-ICO stage investment when there is no live business or working product (it is not about anybody using services a live exchange provides). I have read what Maxat Salypn wrote in a generic sense but I need to ask for a specific reply: https://bitcointalksearch.org/topic/m.46790691
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 have many questions but have narrowed them down and limited them just to the above.
I understand and appreciate some of the questions will take time to answer because you will put them forward to the relevant parties and must wait for their replies. Thank you.
I appreciate the false accusations of theft made against me were not from the Team members. It was made by you and an alias (and I am waiting for an explanation why you did it as per Q9). Having said that if Adab Solutions are following Shariah and the answers satisfy, I will gladly remove any posts they ask me to.
Furthermore I will gladly put a pro-Adab Solutions signature until their ICO is over. I do not participate in bounties and airdrops so will do it for free providing I receive specific non-generic answers to my questions with Q8 being the most important one.
Q1, Q3 & Q9 are specific to you so please reply within 24hrs otherwise post here stating your position. Thank you
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?
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?
Q3: The multiple aliases flooding this thread - who is the owner and what gain is in it for the flooders?
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?
Q5: Will any/all investors that participate in the ICO have to send ID for KYC/AML? If so, why?
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?
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?
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.
If KYC is being done at ICO an pre-ICO stage then why not ask specifically for an annual tax return and letter of employment with salaries stated? Add to that the checking of all available information about the investor such as FB, Twitter, Insta etc to check to see if they are being honest. This might make investment slightly harder by putting investors off but it will filter out those people that should never invest in a Shariah project.
If any project is a standard non-Shariah project then there would be no need to take extra precaution. If a project is based around Shariah then extra precautions must be taken.
Please note, the question is specifically about ICO and pre-ICO stage investment when there is no live business or working product (it is not about anybody using services a live exchange provides). I have read what Maxat Salypn wrote in a generic sense but I need to ask for a specific reply: https://bitcointalksearch.org/topic/m.46790691
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 have many questions but have narrowed them down and limited them just to the above.
I understand and appreciate some of the questions will take time to answer because you will put them forward to the relevant parties and must wait for their replies. Thank you.
I appreciate the false accusations of theft made against me were not from the Team members. It was made by you and an alias (and I am waiting for an explanation why you did it as per Q9). Having said that if Adab Solutions are following Shariah and the answers satisfy, I will gladly remove any posts they ask me to.
Furthermore I will gladly put a pro-Adab Solutions signature until their ICO is over. I do not participate in bounties and airdrops so will do it for free providing I receive specific non-generic answers to my questions with Q8 being the most important one.
Q1, Q3 & Q9 are specific to you so please reply within 24hrs otherwise post here stating your position. Thank you
Thank you for changing the tone of communication.
Give me 1-2 days. I will answer your questions here and notify you by the PM that the answers is ready.
Q1, Q3 & Q9 are specific to you so please reply within 24hrs otherwise post here stating your position. Thank you
ok. Will answer ASAP
October 24, 2018, 03:08:55 AM
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.
Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
WIll not list shariah coins? I do not see it in the whitepaper, I hope they know what they do.
If that's the case, I wonder how many coins will be in this exchange. I believe it's subjective categorizing a certain coin as shariah and non shariah. The exchange will not be prosperous if they will ever implement such kind of distinction.
October 24, 2018, 03:07:28 AM
I've checked their MVP and it is ok for me. I don't need special features of trading terminal, the simpler it be the better for me, because I don't need a lot of features.
The main point should be released is Shariah compliency.
The main point should be released is Shariah compliency.
October 24, 2018, 03:02:18 AM
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.
Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
WIll not list shariah coins? I do not see it in the whitepaper, I hope they know what they do.
October 24, 2018, 02:58:32 AM
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.
Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
October 24, 2018, 02:49:37 AM
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.
Of course it will be not clever decision to list only sharia tokens. They just need not to list scam coins.
Of course, any exchange which values their reputation will not list scam coins. I think ADAB understand this.
October 23, 2018, 03:01:56 PM
Of course, creating just another exchange is not a very effective solution. But they decided to focus on Muslim countries. Not let us make any forecast but perhaps have project that any tickles.
October 24, 2018, 02:48:31 AM
LOL, just read a reply of Jolly Good asking several questions. I find funny that he suggests asking twitter and fb profiles during KYC procedure. Look, KYC is a tough process and any kind of additional info can just freak inverstors!
October 24, 2018, 02:35:34 AM
We will show the beta version. Also very soon you will see the FACTS and the EVIDENCE that the project relates to Muslims and will work according to the laws of Shariah.
regards.
I will be pleased to test your beta version.regards.
I think they should run something like bug bounty to improve their product
October 24, 2018, 02:22:45 AM
Now is a very difficult time to launch new crypto projects. Almost all projects collect negligible amounts, since crypto investors are depressed.
Therefore, they need to be sure that their exchange will be popular in the future. Otherwise, the ICO-campaign will give nothing.Of course, every project needs good marketing, especially crypto exchanges. Of course ADAB knows what they do.
October 24, 2018, 02:14:42 AM
We will show the beta version. Also very soon you will see the FACTS and the EVIDENCE that the project relates to Muslims and will work according to the laws of Shariah.
regards.
I will be pleased to test your beta version.regards.
I have a certain experience with exchanges and want to compare it
October 24, 2018, 02:04:41 AM
As far as I see your exchange has MVP and I feel positive about it.
Not every project has MVP at the moment of tokensale, so you coped with it.
Not every project has MVP at the moment of tokensale, so you coped with it.
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