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

[JollyGood]

I'm wondering how they will manage this exchange without security audits and technical aspects!
As they stated in WP that ADAB will execute at 3 mln transaction/second, How?

Sorry to break it to you but they removed that promise of 3 million transactions per second claim from their website a long time ago after I exposed their MVP scam.

Just look at their MVP it is disgusting. It is a $5 template using freebie plugins from tradingview.com and these Kazakh/Russian/Ukrainian scammers think they will use it to fool newbies and gullible people in to investing in the ICO.

They changed their earlier $5 template cartoon exchange to the present one but it looks even worse. They are so obviously scammers.

The scam ICO will last 6 months from August 2018 to February 2019 then they will run off with investor funds





Watch for the flood coming in the next few minutes from these sock-puppet fake accounts operated by the Kazakh/Russian/Ukrainian scammers to generate fake hype and fake buzz:

SergeyZ
buttnonslet
MoLoKo789
Aleksandra 81
drrekkty
Pline
Genrix
Ring8523
Charisma359
AlexMilton




More can be found here: https://bitcointalk.org/index.php?topic=5077842.0

[drrekkty]

Come on, I am supporter and just wanna get some updates about this Adab ICO! This is what I wanna get from this topic.

[Freddy63]

If a new project has to work with the observance of Sharia law, it means that someone must check the work of the project and notify the clients of the platform that everything is in order and there are no violations.

I am not sure if there is a special entity checking out and verifying work of projects related to islamic banking. Do you have information about it?

[Pline]

Lol, how can it be a free template? Do you think they raised 3 million of dollars and just used free template? I can't believe, because they communicate with investors and show them proofs, so with free template nobody would give them money. I think they work hard to create this FICE

[JollyGood]

This thread was supposed to be used as a tool to scam newbies and gullible investors.

It is so funny when SergeyZ has a post replied to by buttnonslet who then replies to MoLoKo789 who decides to reply to Aleksandra 81 who posts to drrekkty who posts a reply to Pline who receives a reply from Genrix who asks a question directed at Ring8523 before posting a message to Charisma359 then it is answered by AlexMilton...

.. all those sock-puppet accounts and more are operated by a single scammer Russian/Ukrainian bounty scammer alliance so effectively they are posting to each other to pump the thread hoping to create fake buzz and fake hype yet it is all by one person: https://bitcointalk.org/index.php?topic=5077842.0

[JollyGood]

In case of ADAB exchange get hacked , how do they treat the hackers? Based on Sharia they must cut their hands.

Yes you are right. According to the Shariah they pretend to preach these scammers have lots of questions to answer but they never answer any questions.

They Kazakh/Russian/Ukrainian scammers keep using various sock-puppet flood threading fake accounts to spread propaganda here using so many fake accounts including these and more:

12assa34
AdamNelson
AlexMilton
assasin21rus
ARTiShock2008
bazar111
berkoch
Bigjackpot
bmw_e46
buttnonslet
Charisma359
Crypton2018
D1jay
daly896
Den1ska
Departament11
Dezlife
DonProton
draka_na_dne
drrekkty
Enchantment99
evgenii17
fgp5
FORTUNA88
Freddy63
gansbit
gennadyg
Genrix
GOSPOD1N
Garahain
Guardsman
Hanna_Money
lkjhg
kl1nkagg
kmntrci
miner_boy
minttop
mo1.drug11
MoLoKo789
NedStrex
nerttor
paxswerr
perovsergey24
Pline
pogi23
psp_
Redded8888
Ring8523
rolik2001
trobbert
SergeyZ
SerjiGrey
ZloiRediska

Thankfully many of their sock-puppet accounts have got permanently banned including the scammer account called "whitetoo" that started this Adab Haraam thread to scam investors for the duration of the 6 months ICO between August 2018 and February 2019.

It is the longest ICO ever. It is intended to steal maximum amounts of ICO funds before they vanish with your funds  

[minttop]

How would you estimate a potential of adab coin in let's say 3 years?
Do you have any plans to boost token price ?

[JollyGood]

What a lot of trash. It was only a matter of time before minttop and daly896 sock-puppet logins were used to by the Kazakh/Russian/Ukrainian sock-puppet fraudsters in order to pump.

More posts from the Kazakh/Russian/Ukrainian sock-puppet fraudsters will follow soon to keep this thread pumped.

A list of their scammer propaganda spreading sock-puppet accounts can be found here: https://bitcointalk.org/index.php?topic=5077842.0)

The pre-sale started on August 15th 2018 and was supposed to end on 5th September 2018.

It was extended two more times after that and now the pre-sale will end on February 15th 2019.

That means the "pre-sale ICO" is going to be 6 months long !!

Then the "ICO" will start on February 15th 2019 and will end in August 2019 !!

A whole year full 12 months of scamming by these Kazakh/Russian/Ukrainian sock-puppet fraudsters pretending to provide a religious product but have a $5 template from the year 2001 for their MVP and want to scam newbies along with gullible investors.

Adab Haraam exchange will steal your funds -  BEWARE !!

[Pline]

Hello again. Why do you consider this isn't normal to extend pre-sale?
This isn't something strange in crypto community. A lot of projects extend pre-ico, pre-sale and main stage of ICO, no one predicted market dump of 80% in several months, so this situation should be considered from other point of view.

[JollyGood]

Look at the Kazakh/Russian/Ukrainian sock-puppet fraudster using his Pline account to post here to pump the thread with trash statement again 

A comprehensive list of propaganda spreading Kazakh/Russian/Ukrainian controlled sock-puppet fake accounts can be found here: https://bitcointalk.org/index.php?topic=5077842.0

[drrekkty]

How is going your pre-sale round? Any news on collection progress? Do you collect money in fiat or crypto?

[minttop]

I am sure, 3 year is a good time range to realise Adab potential, so let's wait for team answers.
As for me there is a potential of 100 bln market cap.

[luongdk]

hey, how do you think about popularity of this exchange in other countries? Will there be a demand somewhere besides UAE?

[AlexMilton]

ADAB Solutions & Annual Global Islamic FinTech Summit 2018.

Details here: https://medium.com/adab-solutions/adab-solutions-annual-global-islamic-fintech-summit-2018-d48bcbbc4c47

[JollyGood]

I forgot to add luongdk to the Kazakh/Russian/Ukrainian controlled sock-puppet fake account list here: https://bitcointalk.org/index.php?topic=5077842

The list has been updated.

[drrekkty]

ADAB Solutions & Annual Global Islamic FinTech Summit 2018.

Details here: https://medium.com/adab-solutions/adab-solutions-annual-global-islamic-fintech-summit-2018-d48bcbbc4c47

Great! Such fintech summits will increase popularity of Adab and help to create network in islamic environment.

[JollyGood]

Look at this page. Several posts by Kazakh/Russian/Ukrainian controlled sock-puppet fake accounts trying to create fake hype and fake buzz

Multiple scammers posts by the following in this page alone:

drrekkty
AlexMilton
minttop
Pline
daly896
Freddy63
Charisma359

The Kazakh/Russian/Ukrainian scammer alliance is sending messages to himself and replying to his own posts in order to pump the dead thread

[AlexMilton]

I wanna add some points to be improved in exchange. First of all I want it to have some difference with other exchanges, any competitive advantage besides being islamic exchange.
Another point to consider is liquidity. I would add trading bots to maintain volume.

There is a question about bots. Does the use of trading bots not violate Sharia rules?

Trading bots are speculating. This is prohibited by Sharia law.

I wanna add some points to be improved in exchange. First of all I want it to have some difference with other exchanges, any competitive advantage besides being islamic exchange.
Another point to consider is liquidity. I would add trading bots to maintain volume.

There is a question about bots. Does the use of trading bots not violate Sharia rules?

Man, I am not a specialist in islamic banking and I don't know enough about Shariah Rules, although reading this thread I've got some expertise. To my mind there isn't violation at all. By the way rules are tricky.
Anyway I would better wait for official answer.

Trading bots are speculating. This is prohibited by Sharia law.

With a longer period of time I bet islamic exchange will perform better results. As a start up it needs more time to make development.

Thanks for the positive feedback! We are working hard to create an exchange.
You can already see the MVP (alpha version) of the FICE. Now we are checking for functionality and security.

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ADAB Solutions

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First Islamic Crypto Exchange     ✔ Github ✔ Ann Thread ✔Medium ✔ Reddit ✔ Linkedin

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Ok, thanks for being responsive. I've checked MVP several times and I wish you would make it better in terms of UI. Beta version should be level up

We are working hard on the exchange.

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.

Extending presales does not affect the roadmap.

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

Thank you for your post.

Yes no doubt this a major scam, you are absolutely right.

Just look at their "new" and "updated" MVP 

It looks like something from a $5 template with freebie plugins from tradingview.com

These scammers are trying to fool newbies and gullible investors







These Kazakh scammer team leaders along with their Russian/Ukrainian bounty scammers and sock-puppet user accounts that pump this thread in the hope of creating fake buzz and fake hype will steal all of your investment.

Please avoid this scam ICO !

This is our own development. But this is not a purchased plugin. 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.

The whole project is a scam because it is based on a lie. This is not a religious project of two main reasons:

1) these scammers from Kazakhstan follow a non-denominational form of Islam therefore are not following Shariah themselves

2) they are happy to accept ICO funding from pimps, prostitutes and drug dealers

There is nothing religious about Adab Haraam exchange, it cannot have anything to do with any religion.


MUST AVOID - DO NOT INVEST IN ADAB HARAAM EXCHANGE SCAM

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.  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.

Stop arguing guys. This ICO have perspectives and I don't want to see this attitude with accusations.
They do their best to release Adab exchange!

Thanks for the positive feedback! We work hard and do our best.

[JollyGood]

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?

They are scam. This thread is being propped up by regular posting by sock-puppet fake accounts run by Kazakh/Russian/Ukrainian bounty manager scammers trying to create fake hype and fake buzz. I have all the  Kazakh/Russian/Ukrainian sock-puppet scammer accounts on IGNORE because they are pathetic fools sending posts to each others to pump the thread.

They are having a "pre-sale ICO" for 6 months which started in August 2018 and will end in February 2019. Then they will have an "ICO" between February 2019 and August 2019.

They stated they will give scam 150% bonus with their offers !

Adab Haraam exchange = major scam

[AlexMilton]

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.

Yes that's right. We have extended presale, but This does not affect the roadmap. For the bounty of the company has also been increased.

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

We have extended presale, but This does not affect the roadmap.

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.

Yes, I agree with you. Now is a very difficult period for cryptocurrency. But now is the best time to invest. Soon the cryptomarket will grow again.

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

We have reached a soft-cap. The amount set as a soft cap was $2.5 mln, and reaching that amount represents the beliefs of investors in the successful future of the digital product. We have raised $3.5 million so far and we are not stopping there. We have been working hard to hit the numbers, and we would never be able to do that without a tremendous support we got from our community

Why do you need a exchange that complies with Sharia rules? This is the most ridiculous thing in the world.

Many Muslims are not informed or mistaken about the compliance of cryptocurrencies with Sharia norms. Therefore, they avoid investing in any cryptocurrency assets. One of the most important distinguishing features of our project is the management of the company in accordance with the Islamic management model, which complements the generally accepted standards of business management.