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

[drrekkty]

Come on, this guy has no mind, it is clear,that market is hard ,it is dropping,that's why Adab continues ICO stage.

[Genrix]

It sounds weird, blaming team ob extending of tokensale just because of market conditions.
For me it is not a reason of blaming on.

[Pline]

I am agree, that team has prolong pre-sale and I don't really like it. At the same time I wanna say that market conditions changed significantly, so they didn't have other choices rather than extend pre-sale and shift dates. Not only Adab did that, but other ICOs as well.

I see a tendency that many projects do not simply prolong ICO, but completely stop it or pause it.

That's right. And point is that Adab has funds for development, so they just extend it for a while. Also as far as I know they increased bounty pool, so this won't hurt bounty participants. For bountists it is even better to work with bigger pool of tokens. So everything is ok at the moment.

[ningrum]

I am agree, that team has prolong pre-sale and I don't really like it. At the same time I wanna say that market conditions changed significantly, so they didn't have other choices rather than extend pre-sale and shift dates. Not only Adab did that, but other ICOs as well.

I see a tendency that many projects do not simply prolong ICO, but completely stop it or pause it.

That's right. And point is that Adab has funds for development, so they just extend it for a while. Also as far as I know they increased bounty pool, so this won't hurt bounty participants. For bountists it is even better to work with bigger pool of tokens. So everything is ok at the moment.

there is no problem if ADAB extends the ICO, but this can make ADAB exposed to FUD,
the team must be really strong to face the FUD later

[JollyGood]

You can easily define whether it is a scam or not - just ask their smart contract. If they reach the soft-cap, they have to show the collected funds, this is how ICO works, transparency should be in the first place.

Did you ask the team to provide data? What did they answer? I really would not want this project to be a fraud. I really like the idea of popularizing cryptocurrency in the East in Islamic countries.

Also, you can check:
- GitHub: Do they update it regularly?
- Do they have good use cases?
- Does the platform have a game-changer technology?

If it all YES, you shouldn't fear anything.

Right now I see only a bunch of Russians, who want to get money from the Muslim sector.

Can you prove me wrong? Can they show the smart contract? Can they prove(by a third party) that the project is following Shariah norms?

Thank you for your post.

They do not update their Github at all because Adab Haraam exchange are scammers.

They do not have good case uses at all because Adab Haraam exchange are scammers.

They do not have game change technology instead they use $5 template to show as their MVP because Adab Haraam exchange are scammers.

These fools are having a 6 month ICO in the hope newbies and gullible people will fall for their pathetic scam.

What you wrote is correct. I also see only a bunch of Kazakh, Russian and Ukrainian scammers who want to get money from the Muslim sector.

Thankfully several of the sock-puppet accounts controlled by Russian/Ukrainian scammer Vitali Chebotarov from Ukraine has been banned from this forum including the OP "whitetoo", "assasin21rus", "bmw_e46", "GOSPOD1N" and "Redded8888". More will be listed later:
https://bitcointalk.org/index.php?topic=5077842.0

You posted on October 10th 2018 asking for proof they "follow Shariah norms" but they have not given any.

You posted on October 10th 2018 asking for proof of "smart contract" but they have not given any.

[drrekkty]

there is no problem if ADAB extends the ICO, but this can make ADAB exposed to FUD,
the team must be really strong to face the FUD later

yeah, FUD is gonna happen, people don't like changing dates of ICO and here we see exactly changing dates.
Hope there will not be fudders

[JollyGood]

I don't think it is scam, they have open profiles in Linked in, they operate according to shariah norms and they are legit at all.
Today they have a lot of contests in telegram and they are giving out ethereum as well!

DUDE! for real? do you think having an open account will change anything? Following your words, everyone who has no idea in religion can Make an ICO and collect money for own goods. They will never say where did they collect fiat money, They will never show you the smart contract (Just because it is freaking wallet), They sell tokens with 150% bonus, OMG come on!

DO you really think it is the legit project?

This project is definitely NOT legitimate. It is a major scam running an ICO for 6 months to maximise their scam before they vanish leaving investors high and dry.

The scammer bounty manager OP "whitetoo" has been banned from this forum along with several others that flooded this thread because they are part of the Russian/Ukrainian bounty scammer group that uses sock-puppets to flood threads in the hope of creating fake buzz and fake hype.

The "owners" of this Adab Haraam exchange project are Kazakh scammers who have hooked up with Russian/Ukrainian bounty scammer Vitali Chebotarov from Ukraine who uses various sock-puppet accounts to flood threads. This is part of the article on Medium about the Adab Haraam exchange being a scam:

https://medium.com/@douglaslyons/adab-solutions-exchange-major-red-flags-found-76a86d02e01b?fbclid=IwAR07tXklAZfXCbQcdsAGBmT7ZY0oZ0knBkatMIjy0rdILpgUOgfiDbfwHuI

Beware of Adab Haraam exchange because it is a major scam

[Aleksandra 81]

I am agree, that team has prolong pre-sale and I don't really like it. At the same time I wanna say that market conditions changed significantly, so they didn't have other choices rather than extend pre-sale and shift dates. Not only Adab did that, but other ICOs as well.

I see a tendency that many projects do not simply prolong ICO, but completely stop it or pause it.

Those teams that have money in stock stop the sale of tokens and start working without investors. Then they will have time to prepare the application until the moment when the market rises.

[JollyGood]

If there was no permission from Islam to introduce crypto currency, then about any launch of crypto projects in the Emirates could not be a speech!

You say about banal things. Everyone knows about it. But it's good that Islam in criptocurrency

yeah, it`s good step to populazing cryptocurrency in Arabian, and nice opportunity to help investors to earn money.

It is well known that rich  Arabian countries  have many investors who are able to invest large amounts of money in a worthwhile project. I think the fact that the project is Arabic, gives confidence to many of the members of ADAB community.

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?

Yes you are right. Their Russian/Ukrainian sock-puppet accounts are flooding the thread.

You are also correct because they ban anybody on their Telegram channel that raises questions and concerns about their shady business practices or their anti-religious functionality.

I agree they are definitely not transparent at all, there is nothing religious or Shariah about this scam especially if they are happy to accept ICO funding from pimps and prostitutes and drug dealers. Nothing about Shariah norms going on here.

I updated the Vitali Chebotarov Russian/Ukrainian scammer list: https://bitcointalk.org/index.php?topic=5077842.msg48536030#msg48536030

[MoLoKo789]

I am agree, that team has prolong pre-sale and I don't really like it. At the same time I wanna say that market conditions changed significantly, so they didn't have other choices rather than extend pre-sale and shift dates. Not only Adab did that, but other ICOs as well.

I see a tendency that many projects do not simply prolong ICO, but completely stop it or pause it.

That's right. And point is that Adab has funds for development, so they just extend it for a while. Also as far as I know they increased bounty pool, so this won't hurt bounty participants. For bountists it is even better to work with bigger pool of tokens. So everything is ok at the moment.

there is no problem if ADAB extends the ICO, but this can make ADAB exposed to FUD,
the team must be really strong to face the FUD later

We can only hope that the ADAB team understands this and is ready for the difficulties it will have to face in the future.

[JollyGood]

These are the flooders on this page alone:

MoLoKo789
Aleksandra 81
drrekkty
Pline
Genrix

They are part of the Russian/Ukrainian scammer alliance flooding this thread trying to create fake buzz and fake hype  

The are added on the scam list: https://bitcointalk.org/index.php?topic=5077842

Adab Haraam exchange is a major scam - BEWARE

[Aleksandra 81]

In such difficult times, which came on the cryptocurrency market, it is very difficult to stick to the usual working plan. Teams have to make adjustments to it.

[JollyGood]

LOL, never thought to meet Islamic exchange. Is it for real? It is not a prank? If it is for real, then muslims might admire this ICO.

Forget about this "project". It is a scam.

They will run their ICO for 6 months (ending in February 2019) and run-off with investor funds.

[Charisma359]

In such difficult times, which came on the cryptocurrency market, it is very difficult to stick to the usual working plan. Teams have to make adjustments to it.

All teams that have appeared on the cryptocurrency market have consultants with extensive experience. Together they can come up with a new work plan and launch a project.

[MoLoKo789]

In such difficult times, which came on the cryptocurrency market, it is very difficult to stick to the usual working plan. Teams have to make adjustments to it.

All teams that have appeared on the cryptocurrency market have consultants with extensive experience. Together they can come up with a new work plan and launch a project.

Right. After all, advisers are responsible for the effective development of the new project. For this purpose, they are invited by new teams to their teams.

[JollyGood]

Adab Haraam exchange = scam

The Kazakhstan trio behind this scam have not declared if they are Muslim and if so of which denomination so this cannot be Shariah compliant or Halal

This project will not be successful long term because the team behind it are inexperienced and out of their depth otherwise they would never have lied about it being Shariah compliant.

Timur Turzhan - CEO, Founder

Rustam Turzhan - COO, co-founder

Maxat Salpyn - Deputy CEO of Islamic Finance

You three are from Kazakhstan so are you all Muslim?

It is important to ask this question because you are main protagonists behind this scam called Adab Haraam exchange.

Which sect or interpretation of Shariah or Islam do you claim follow?

If you are Muslims are you Sunni?

If you are Muslims clarify are you Hanafi?

If you are Muslims clarify are you non-denominational Muslims?

We await your answers to find out how much you follow Shariah

Wiki (https://en.wikipedia.org/wiki/Kazakhstan#Religion):
"Some figures show that non-denominational Muslims form the majority, while others indicate that most Muslims in the country are Sunnis following the Hanafi school."

Why do you think you can accept investment from the following and it can still be Shariah? :

pimps
prostitutes
porn actors
those currently behind bars in prison serving prison sentences
those that sell drugs/narcotics
those that manufacture, test and sell weapons
those that own publications online/print media cursing Muslims and those that have anti-Muslim agenda
those that own, transport or sells alcohol
those that own breweries and manufacture alcohol

This is a scam ICO and scam project. Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from the above list and more.

if this is really a scam, this is very terrible for ADAB, is this information highly trusted? we cannot accuse directly if ADAB is a fraud,
we just wait for valid information about this

now I start to hate this argument all
I do not know for what reason he continues to do this, yes it is very good to judge a project but now I just see him as just racist about a religion
I know that this is a project that has bakround about Muslims, but I don't think they should all have a Muslim team right ?

The reason is - he wants to know the truth, I know that his arguments look tough, but so is Islam.
I have been watching this thread for quite a while and during this 50 pages "pump" no one answered his question. In addition to that, there are a lot of smart questions around, still being ignored. Plus, it is not the secret, that they use bots/pump accounts here, a lot of identical accounts keep posting the same positive information over and over again. They made so for you, who see only the top of the iceberg.

Don't want to say anything negative, but just because they hiding smth, doesn't make them investment attractive.

What I found so far -
1. They delete members who ask tough questions(about the team, project, and smart-contract) in the TG chat.
2. They claim that the reached the soft cap - where? where can we check this info? was it OTC deals?
3. As far as I know, there are a lot of laws and regulations in Islamic countries, but the government, as well as administrative authority, do not support cryptocurrency, but they say they are ok(they say, not someone else)
4. Do they have a license? - If it is offshore, I am done here.
5. and last but not least - MVP, I can personally make this for a few days, it is just a landing page with random quotes.

BUT If you want to invest go on, I am just a helpful fellow here  

Yes you are right. Your observations are the same as so many other people that have stopped posting here because of the flooding and pumping of this thread by the likes of the same fools that have been doing it so many pages back. It is the same Russian/Ukrainian bounty scammer group headed by Vitali Chebotarov from Ukraine https://bitcointalk.org/index.php?topic=5077842

The Adab Haraam exchange thread pumpers and flooders or the Kazakh owners are avoiding answering the very important questions they are being asked.

[Charisma359]

It is difficult to create and launch a trading platform in the cryptocurrency market that will comply with Sharia norms. Because before launching the stock exchange will be checked by the representatives of Sharia. Otherwise, Muslims will not trade on this exchange.

[buttnonslet]

I can't agree that current ICO isn't legit. Look at their team, why don't you like it? All of them have experience in crypto and banking.

As far as I know, members of the team have gone through the KYC procedure.

That's right. Absolutely. This is the reason why I am here.
I don't invest in ICOs without transparency and here they verified identities.

I'm still watching. I do not like the current market situation. Now investing money is a big risk.

[SergeyZ]

I am agree, that team has prolong pre-sale and I don't really like it. At the same time I wanna say that market conditions changed significantly, so they didn't have other choices rather than extend pre-sale and shift dates. Not only Adab did that, but other ICOs as well.

I see a tendency that many projects do not simply prolong ICO, but completely stop it or pause it.

In such a market is difficult to raise funds. I am waiting for ADAB to confirm the collected funds

[Ring8523]

Come on, this guy has no mind, it is clear,that market is hard ,it is dropping,that's why Adab continues ICO stage.

Change of ICO dates is a normal trend in the current market.