How do you estimate potential of adab token? Which exchanges are going to list your token?
I know that is prohibited to disclose listing, but just tell us your potential exchanges.
I can say the next. Since this is an ERC-20 token, then it will be 100% available for trading at the etherdelta exchange. Why? Are all new ERC-20 tokens added to this trading platform? He mentioned etherdelta,not Adab exchange, so if you read rules,there is a point that bad projects won't be listed on adab exchange |
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How long will it take to release exchange? Will you list projects for free or will get a listing fee?
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Well , it seems for me Adab has a progress.
Let's see how will look like their beta version of exchange, but it seems to me it will be much better than alpha
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Hey, how about your competitors? Do you have any? I don't remember any CRM related altcoin, maybe i've never faced them
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Come on, they are not obligated to show proofs of collected funds during private sale!
That's why it is called "PRIVATE"
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Now you can mining or investing in our website.
Listing will be available from 02/2019
Good, probably i will buy some coins closer to listing. 3 months is too much for me, I stick to buy coins prior to listing or already listed coins. |
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Hello friends!
We want to post answers to frequently asked questions.
- When can we show a smart contract?
The smart contract address will be published during the crowdsale. Since it will begin public sales. Now we don't have the right to show a smart contract and any evidence. Now there is a stage "private sale." At this stage, the amount of funds raised is not disclosed and facts are not shown. We did so stupid because we told you that we collected soft cap. Because of this, as you see, we have small problems, but everything will be fine.
- Evidence that we have already collected soft cap. Any documents, contracts or something else like that.
We do not have the right to show the collected soft cap at this stage. all funds were received during private sale and most of the funds were received in the form of fiat funds. Private sale is called "PRIVATE" because it is NOT public sales and NOT public information. Most of the funds were received from private investors. All projects that have a PRIVATE SALE stage DON'T show a smart contract and other evidence during this stage! We are not alone! We are not the first and We are not the last to do it! Don't confuse "PRIVATE SALE" with "PRESALE".
- Regarding each team member who is represented on the site. What religion do we follow? And whether this or that person has any qualification in the field of Islamic finance.
All three Kazakh members (Rustam Turzhan, Timur Turzhan and Maxat Salpyn) are Muslims and belong to Hanafi (Sunni) school of thoughts as the majority of Kazakh people.
As for the Shariah Advisory Board of FICE, I would like to mention that the Islamic finance industry is heavily dependent on religious scholars for validation of its products and services. Each Islamic financial institution has a Shariah board to validate its operation. The scholars in our Shariah Board will represent different schools of thought within the Sunni sect of Islam. Sunnis are in majority and they follow one of the four schools of thought of Sunny Islam. The differences among them are very minor. Furthermore, a scholar who may otherwise belong to a particular school of though does refer to the opinion of the past or present scholars of a different school of thought in making a decision on the validity of a product or service.
Most of the team are Muslim by religion and adhere to the Sunni trend.
Confirmation is the recognition that there is no God except Allah and Muhammad is his prophet! Maxat Salpyn, Mufti Faraz Adam and Mufti Abu Bakar have qualifications in the field of Islamic finance.
- Concerning the beta version. When will the beta version of the exchange?
The dev team is working hard to create an exchange.
In the current version is ready the main engine exchange. You can check the correctness of his work yourself by sending different orders. You can check the correctness of the order match book, balance tests and market indicators. All this is our original design. At this stage, we are working hard on interaction protocols, system scaling, implementation of business logic of all orders to be launched, deployment of infrastructure blockchain, security and new design, technical analysis elements. I hope you will appreciate our achievements in these areas soon. We will try to update our system more often. Beta version will be ready by February.
- Concerning the MVP. @JollyGood writes that the MVP is a plugin bought for $ 20. What can we answer?
The answer will be short. This is our own development. Honestly, we don't know how to prove it. But this is not a purchased plugin. If you have any idea how to prove it, then suggest us.
- some arguments or evidence that this exchange and this token are halal and comply with Shariah law.
Mufti Faraz Adam issued a conclusion that the ICO and ADAB token comply with the principles of Islamic finance, based on Shariah law. https://bitcointalk.org/index.php?topic=4720775.msg48182957#msg48182957
The work of the exchange will be based on procedures developed by the internal Shariah Department and approved by the Shariah Council. Great,fiinally you've managed to release answers! It is a great deal. Now people don't have doubts regarding ICO. Thank you so much |
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Guys, would you mind thinking about some of your investors? They wants funds to be proven, so I suggest you to disclose in the middle or in the end of tokensale.
But transparecny will bring you new investors!
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Former BTCC Exchange CEO Bobby Lee claims in one of his interviews that
bear market will last another 18 months! And what do you think?
These experts predicted bull run previously and BTC for 50k, so you have to make a conclusion,that experts can be wrong. Do your own research! |
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so, if you offer this will you refund early participants of your pre-sale? it is odd. It is a sale due to black friday and previous participants aren't connected with this sale. Have you been pre-sale participant? |
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Look at the above clown talking to himself using sock-puppet accounts just to give the impression there is hype and buzz in the Adab haraam scammer exchange  You are the main clown here writing negative stuff here. Adab is transparent team, I am not a master of islamic banking, but I see how they attend meet ups, I saw video by their team members explaining his work. These guys don't hide their faces! |
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Miners are looking for profitable coins in terms of dumping market. BTC and ETH mining is no longer profitable at the moment. |
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I would like draw attention to one fact about UAE's strict laws without caring what they are selling or not. I was watching this thread for long time and timely read what is going on here. Based on ground realities I don't think they will take risk using UAE's name to deceive people as there is no forgiveness for such activities in local laws. I will let this comment here and based on this to judge the project.
thanks for your reply. We appreciate your opinion and attention. I just received a 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 SolutionsThank you for this interview. I have been waiting for something like it. Please,make more similar content |
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Можно чуть поподробнее узнать об опыте основателей?
Все-таки в таком деле опыт играет роль. Вы вообще ИСО собираетесь проводить?
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As I see not only in shops black friday is working,but also in crypto! Nice discount!
I bet it will attract more people today!
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Кроме юсдт и аналогов достойных нет. Допустим есть пара стейбл коинов,но у них просто не хватает ликвидности для крупных игроков и в стрессовые моменты получается сильная просадка,чего не должно быть в стейбл коине
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Now the market is rapidly flying down. During this period, investors are not willing to risk their assets. Therefore, all young projects are going through hard times.
I don't even know who is investing now. The market is sad. But I hope that the situation will change soon. I think it is time to invest. Probably ICOs isn't a good idea, but major crypto currencies have an attractive price, so you can start to grow portfolio |
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Don't worry mates, market is down,that's why that guy Jolly is nervous. He need psychological help. This bearish trend affects everybody
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There is a fight between both crypto currencies, but ripple just taken 2nd place and it is so big war between both giants!
It might be a strong dump of eth by XRP
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the market is currently flushing, because of the bitcoin civil war, I know ADAB is a good project,
but if the market with a situation like this certainly ICO will not develop well
I am fully agree with you. Market is going down and it affects Adab as well. At the same time I hope Adab has private fiat investors,because shariah muslims don't usually invest in crypto |
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