Nice to communicate with adequate educated people.
Thanks... but you didnt answer
Ask a question again please. maybe I missed something
And ICO means - to be transparent, so why dont you then use banks in order not to be transparent? what is the point of ICO?
I already answered you. Of course, ICO is a transparent process. But there is a stage of a closed private sale. At this stage we cannot provide evidence. I think to solve this problem, you should wait until the end of Private Sale and the start of Presale. Then everything will become transparent. That's all I can tell you now...
Thanks for your answer, but still he is a part of your team.
No. Maybe you confuse
Muhammad Abu Bakar(advisor) with
Mufti Faraz Adam(Internal Shariah Compliance Officer).
how actually you are going to benefit financially?
The profit for the project team will be just like the profit of any other exchange. The commission from the transaction, the rise in the price of business, the rise in the price of tokens, listings of other coins...
I mean why should smb buy your token now if he/she can buy it after ICO?
Participants of the second stage of the Private sale are able to receive a bonus up to 50%. a few weeks ago this bonus was up to 80%. When the token will be listed on exchange and will be liquid, then it is easy to calculate the profit.
It is easy to manipulate the price of given crypto instrument (if you have enough money to-do so). So my question - what happen if smb start performing pump and dump actions to the Shari'ah approved token?
I don't know if there will be any sanctions for this. My answer is:
We are working on such a question - how to prevent artificial control of the price of assets. We are actively working on the procedures for the exchange. Including this will be due to regulatory requirements. From this will also follow what sanctions will be applied for such attempts. But the fact that we will follow this carefully is certain, because otherwise we will be punished. And the matter is not so much in compliance with the rules of Islamic finance, as in compliance with the laws. Any manipulation of the market is illegal.
with best regards
@zugvogel21 He is answering your posts very reluctantly. I guess he does understand the logic of your asking about being transparent and independently having things checked by non-members of the team but he keeps giving answers that reflect on the whole project.
After all this
whitetoo fool is the same one who accused me of stealing money from this scam Adab Haraam exchange (just because I asked questions whitetoo and his paymasters from Kazakhstan could not answer otherwise they would be exposed as frauds) so why believe anything he says?
Please ask him about the actual religious background of the Kazakh trio team members. Ar they Shia, Sunni, Druze, Alawite, Qaidiani or other. And if he managed to answer you please make sure you ask specific denomination.