[ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms

[minttop]

And why US citizens can not take part in the project, it is all because of the rules of Sharia?

According to the laws of the United States, citizens and residents of this country can not participate in ICO. Read more on the Internet.

it is a big mistake not to allow citizens to participate. they'll change their minds soon.

But now projects accepting investment from US citizens can be punished by SEC. Especially if there is a scam exit.

I know that US citizens can’t take part in most ICOs. Often you go to the site and it is written there except for residents of the United States. I thought it was some kind of legal restrictions.

What about accredited investors? as far as I know those can participate in ICOs,but not in all.
I don't know what is the point of such restriction.

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[trobbert]

Chat is a good way to get news about the project. However, I like the forum more! Perhaps this is a matter of habit! )))

Each person has their own preferences. The forum is easier to find information)

Tip of the day, it’s best to get information on various blogging projects, there you can read more about everything for yourself

Who is reading blogs today? I think it is in a past, messengers is a future.
I guess I will start using telegram more frequently because I want to catch this trend.

[sword024]

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.

So you have time to evaluate it, because if you want to support this ICO or invest something, then you should learn main principles. Are you agree?

[bazar111]

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.

[paxswerr]

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

[520Bit]

 

[bazar111]

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.

[whitetoo]

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. And the whole world does not revolve around you. 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.

[Discovery2017]

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?

[paxswerr]

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.

[DiscoMan]

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?

[Freddy63]

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

[SSend3r]

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.

[kkerrex]

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.

[JollyGood]

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. And the whole world does not revolve around you. 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://bitcointalk.org/index.php?topic=4720775.msg47148784#msg47148784

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://bitcointalk.org/index.php?topic=4720775.msg47202099#msg47202099) before asking for clarification unless of course they send their replies to you and you post them beforehand.

Thank you

[SSend3r]

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.

[kkerrex]

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

[TeraBite]

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?

[NedStrex]

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.

[JollyGood]

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).