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

[trobbert]

I think there is an opportunity to gain money due to high bonuses. How do you think, is it possible to gain on Adab coin in a short term or it is a long term investment?

[Freddy63]

Hello friends. I want to inform you that @JollyGood is a clown and probably a paid puppet.

I told him 3 times and denied his statements, but he doesn't respond!

1. https://bitcointalk.org/index.php?topic=4720775.msg48223449#msg48223449
2. https://bitcointalk.org/index.php?topic=4720775.msg48215153#msg48215153
3. https://bitcointalk.org/index.php?topic=4720775.msg48182957#msg48182957

So make a conclusion. This person know nothing about the project and only writes the same negative messages. I don't know why the moderators still have not banned him. Let's help them pay attention to this inadequate. Just click "Report to moderator" on his posts.

Exactly! he received answers for all of his concerns but keeps thinking negatively about Adab. I don't know what is his final goal.

[Bigjackpot]

Wow, I didn't even know that PRIVATE sale is not to be disclosed.
It is a new information for me and now I realised why don't you show this info of collected funds.

You have a little misunderstood. Private sale will be disclosed, but after its completion.

[JollyGood]

Well, first of all, they have a 90% of bots and airdropers in the community.

Second, they invite people without permission in their community channels. They have a bunch of people pumping this thread.

And LAST they are not transparent - is that what you call Shariah norms?

Well 99% of the posts in this thread are from the Russian bounty scammers including the OP called whitetoo and his scammer alliance consisting of 520bit, RoyalTeam, vitalii_invest, Mari Royalteam and several other sock-puppet accounts that flood threads with sock-puppets for posting propaganda and used to generate fake hype and fake buzz


Nothing about Shariah norms here

This project is a scam

The ICO is a scam

[SergeyZ]

In subsequent developments for unsold tokens(ADAB), will it be burned or destroyed later to boost the value of tokens on the market?

Yes, it is planned to burn some of the tokens, as far as I know. But for a start the ICO should end.

How many tokens will be burned and when? They will be burned all at once or in several stages?

Usually the remaining tokens are burned after token sale and it's not ended yet. I guess they will burn all the remaining tokens once not in stages and it will be done few days after the end of ICO.

I'm interested in hearing the official answer to this question. You can assume anything.

[whitetoo]

OFFICIAL BOUNTY THREAD

hello guys. Look. We redesigned our ANN thread

[FORTUNA88]

I think there is an opportunity to gain money due to high bonuses. How do you think, is it possible to gain on Adab coin in a short term or it is a long term investment?

The period of investing in the Adab token will directly depend on the further development of the market. If the market stops falling and starts to grow, it will be a short-term investment. If the market falls for a certain period without growth, then this will already be a long-term investment.

[whitetoo]

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.

Hello guys. We want to suggest you to read this F.A.Q.

with best regards

[Charisma359]

- 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.

In this case, I fully support you. Because I also see no point in showing personal smart contracts when the tore platform is just being developed and ready for work.

[JollyGood]

Adab Haraam exchange say it is state of the art custom coded software but just look at it.

This is a $5 cms template

They are using freebie graph plugins from tradingview.com.

They think it will take on Binance

Russian bounty scammers alliance consisting of 520bit, RoyalTeam, vitalii_invest, Mari Royalteam and several other sock-puppet accounts have flooded this thread to generate fake buzz and fake hype









ADAB HARAAM EXCHANGE = SCAM !!

The Kazakh trio of scammer owners behind this "project" will take the ICO funds and scam investors !!!

[MoLoKo789]

I think there is an opportunity to gain money due to high bonuses. How do you think, is it possible to gain on Adab coin in a short term or it is a long term investment?

The period of investing in the Adab token will directly depend on the further development of the market. If the market stops falling and starts to grow, it will be a short-term investment. If the market falls for a certain period without growth, then this will already be a long-term investment.

You're right. We will not even be able to test in practice the smart contracts of the project, since this requires a ready-made trading platform in working condition. When the test version of the exchange is ready, then we will be able to check smart contracts.

[Enchantment99]

I think there is an opportunity to gain money due to high bonuses. How do you think, is it possible to gain on Adab coin in a short term or it is a long term investment?

The period of investing in the Adab token will directly depend on the further development of the market. If the market stops falling and starts to grow, it will be a short-term investment. If the market falls for a certain period without growth, then this will already be a long-term investment.

Perhaps the purchase of ADAB tokens will be a mid-term investment, because today the market has begun to revive. Hopefully, its growth will start from today.

[JollyGood]

Is it true that the "team" will remain in Kazakhstan and Uzbekistan because they are scared of getting arrested if they enter UAE?

[buttnonslet]

I see that concerns about MVP also have been answered,so let's pray the next beta version will be more attractive in terms of UI and everybody like it, even Jolly

Before the release of the beta version is still a lot of time, unfortunately. Long wait, but I hope it can be tested for everyone.

[JollyGood]

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?

Adab Haraam exchange = scam devil exchange


These scammers will not investigate the source of income of any investor therefore it is not a religious exchange.

Even pimps, prostitutes and drug dealers can invest because they will not be vetted.

Adab Haraam exchange are scammers who will run away with your funds after the ICO.

They had over 90 days Private and Pre-Sale and now they are having another 75 days to the Pre-Sale AGAIN....

They are having all this "pre-sale" to maximise their scam before they run-off with investor funds

How many more days will be added to pre-sale? This is longest pre-sale in history of all ICOs !!!

SCAM SCAM SCAM !!

[Ring8523]

hello guys. Look. We redesigned our ANN thread

Do you have a new member in your team? Did I see the updates correctly?

[JollyGood]

This is a scam project.

Hi there! Is there any chance we can look at the private sale smart contract? (wallet?)

They have refused every request made in the thread regarding the wallet. They do not want to give that information. Usually it is scammers that do that...

I find it strange Adab Haraam exchange will accept money for the ICO from pimps and prostitutes but will not reveal all details regarding their alleged smart contract

They had over 90 days Private and Pre-Sale and now they are having another 75 days to the Pre-Sale AGAIN....

These scammers are pathetic 

[Genrix]

Come on, they are not obligated to show proofs of collected funds during private sale!
That's why it is called "PRIVATE"

[trobbert]

I definitely like new design of Ann, looks fresh.
Also I see major changes in transparency, you answer haters questions and it is good.

[Freddy63]

Yeah, new design is better.
I hope you will renew your appha version of exchange as well, because some guys don't like how it looks like.