Bringing the blockchain to Islamic finance. - page 4.

spinnycat

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Quote from: semaforo on October 18, 2017, 11:51:55 PM

UPDATE

We now have a twitter account, please follow us!

@UmmatiProject

And a telegram channel

@ummatiplatform

t.me/ummatiplatform

Please subscribe!

Also, after extensive debate on which blockchain to use, we may have arrived at a breakthrough solution, which is to create a new consensus protocol on a native blockchain. For more details join our slack or telegram groups.

Spread the word- the value of a blockchain is in the community that uses it!

Thanks Semaforo and good work on the whitepaper ! Still following this and will be sure to invest in the first release.

semaforo

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Activity: 728

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UPDATE

We now have a twitter account, please follow us!

@UmmatiProject

And a telegram channel

@ummatiplatform

t.me/ummatiplatform

Please subscribe!

Also, after extensive debate on which blockchain to use, we may have arrived at a breakthrough solution, which is to create a new consensus protocol on a native blockchain. For more details join our slack or telegram groups.

Spread the word- the value of a blockchain is in the community that uses it!

semaforo

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Activity: 728

Merit: 500

Quote from: elelegzet on October 15, 2017, 01:31:27 PM

Nice. Keep us updated. I think the very chance that an animator would be interested in this project at this stage is extremely low, I wouldn't expect this possibility. some crowdfunding and commercial order might work out for this aim.

Thanks for the advice. Any suggestions on how to go about crowdfunding at this stage? ICO is more of a long term project, also we're still debating whether to issue a token on etc or eth, or start our own blockchain.

elelegzet

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🌟 COMSA ICO: 10/02/17 🌟

Nice. Keep us updated. I think the very chance that an animator would be interested in this project at this stage is extremely low, I wouldn't expect this possibility. some crowdfunding and commercial order might work out for this aim.

semaforo

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Update:

White paper is nearing completion, but it is so long, few people would probably be willing to read all of it. Ideal would be to make a really excellent animated explainer video that can explain with eye catching colors what the core innovation is under 2 minutes. To do this right is going to cost some money, unless any animators are interested in helping prepare for an ICO?

Also we've obtained the url ummati.io. Logo design is underway.

semaforo

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Just an update, the initial patent is filed for the ummati platform concept, now we need help figuring out exactly what kind of blockchain we are going to need to build it on!

If anyone wants a copy of the pdf of the patent, feel free to message me!

semaforo

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eye4bd, thanks for helping with that image? Any opinions on this symbol as a logo for ummati?

Spinnycat, kutangerterbang, and eye4bd, thank you all for your support and encouragement!

spinnycat

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Activity: 70

Merit: 10

Quote from: semaforo on September 02, 2017, 04:21:14 AM

Quote from: franss on September 02, 2017, 03:16:50 AM

Is this the same project with halal coin

No, what we are going for here is more a platform than a coin.

Really interesting project Semaforo, and as someone who travels to SE Asia alot, can see potential for the market there especially with mobile payments, with Indo and Malaysia. Wishing you the best, Indonesian is my second language, so there are better forum members for the translating to assist, but if I can help in some other small way give me a shout.

eye4bd

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Quote from: semaforo on September 03, 2017, 01:54:57 AM

Hi
Fascinating debates
going on! I'm really impressed with community interest
about initial concept of UMMATI. And of course your story for building
something. All the best!
My first contribution for make sure
the image get visible!

Thanks!

semaforo

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UPDATE

We have a slack group, anyone interested in collaborating PM me.

kutangterbang

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good project, Muslims always have a very good way of managing finances, and if it's applied in crytocurrency, that would be a very good thing, I'm very interested in this project, I hope this project is successful

spinnycat

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Anyone else watching the market live?

BTC last 15 mins

semaforo

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Quote from: bitrain on September 08, 2017, 04:25:20 PM

No updates for a week ? You might need a community manager and some telegram, slack and forum buzz to be succesfull Wink

   Thanks for the advice. I was hoping we would find more people who would be as excited about the idea and would want to collaborate, but so far it's been little interest.

   Right now the question is whether and to what extent to go centralized vs. decentralized. The issue is due to securing patents. It will be easier in the future to do equity fundraising if the patents belong to a corporation, however this is contrary to the open source spirit of decentralization.

   Any thoughts?

bitrain

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No updates for a week ? You might need a community manager and some telegram, slack and forum buzz to be succesfull Wink

bozton

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after reading your concept I am interested in your project with Muslim theme and your project is not just coin but platform, I will follow further information about your project good luck.

semaforo

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*UPDATE*

I modified the title and original post slightly due to the repeated questions about whether the project is only for Muslims.

semaforo

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Quote from: Ardhi on September 03, 2017, 09:29:11 AM

this project has a very good concept, and of course very beneficial to the Muslim user, but the basic question that will surely exist is, is this project only for Muslims?

This project is definitely for everyone. The tech and the concept alone are unique right now, but competition may exist in the future. By attempting to secure a niche in the Muslim community, we can protect ourselves against competitors who may try to imitate the concept but may have more funding. Muslims simply want to have investment options where they don't have to worry about funding prostitution, alcohol, interest, gambling and other things that we believe to be harmful.

The more people who want to follow these guidelines, the better, so by all means, all are welcome!

Ardhi

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this project has a very good concept, and of course very beneficial to the Muslim user, but the basic question that will surely exist is, is this project only for Muslims?

semaforo

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Here is the initial list of offers for help who will be first priority for future giveaways/access to pre-ICO proportional to the fair market value of contribution.

auroboros - translation to Indonesian

btcltcdigger - translation to Croatian, block explorer publishing and hosting

Bitrain - translation to Russian.

semaforo

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Quote from: MercuryProtocol on September 03, 2017, 03:03:42 AM

Is there somewhere I can contribute my ethereum to? Or does this not even have an ICO yet?

We were hoping there would be people here willing to volunteer time in exchange for equity/tokens, but there has been little interest so far from engineers, developers, and designers.

This should be open to anyone who wants to collaborate from day 1, so I would propose a pre-ICO funding round lasting 100 days starting on September 9th with the aim of raising 10 BTC for team building, subcontracting algorithm and smart contract concept development, blockchain research, whitepaper drafting, and branding concept development.

If pre-ICO is successful, we should aim for a low key ICO launch by February. ICO structure is a matter of discussion, any input is welcome.

For now, I would suggest 10,000,000 tokens at 1 satoshi each, representing 5% of total equity. I don't thinl this valuation is unreasonable considering that Kevin and I are going to spend at least 3 years on this living with basically no luxury- but that's for the market to decide.

Thoughts or opinions?

Topic: Bringing the blockchain to Islamic finance. - page 4. (Read 3315 times)