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

[ufolly]

The success of the project is not determined by the value of the coin after the ICO is completed. Some projects take years to become really successful and popular.

[bmw_e46]

The success of the project is not determined by the value of the coin after the ICO is completed. Some projects take years to become really successful and popular.

The development process is really very long, it’s not very much and not two, but over the years they have been moving towards their goal

[Genrix]

Without volatility this market wouldn't be so interesting for me, that's for sure!

Although many now began to talk about the fact that with the arrival of the capital market from the stock market on crypto, the volatility of cryptocurrencies will greatly decrease.

I heard about it as well. But we are far away from this. market volatility will decrease once we will grow let's say like 20-30x. In % ratio volatility will be lower, but in absolute numbers current marketcap of 200 bln probably will be future daily movement

[berkoch]

All new projects that are being created now will be difficult to achieve success comparable to existing successful projects.

[Crypton2018]

The rate of any cryptocurrency can fall, but it can grow. It is very difficult to predict. Only in very successful projects the rate of the coin is growing or remains stable.

I thought so too. But the fall of the market in 2018 proved the opposite. look at Dash. It was one of the most famous and promising projects in the crypto industry. The price fell from $ 1,500 per coin to $ 150.

[ZloiRediska]

due to such crazy volatility of the crypto market, it turns out to be able to earn. Therefore, the number of crypto exchanges is growing. as more and more people invest in cryptocurrency.

[paxswerr]

All people, including Muslims, want to earn money. ADAB provides such an opportunity but makes no guarantees. Each investor should assess the risks himself. No one can be forced to take part in the project.

[JollyGood]

Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from:

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


Adab Haraam exchange = scam because they are lying in order to seek invest via the ICO

[paxswerr]

Now not 2017 when so many projects gave participants a good profit. Everybody should understand that participation in any project involves a possible risk, especially in a falling market.

[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?

 

The scammers bots and airdrop seekers keep pumping up the thread just as you stated they are doing

[Power22]

Now not 2017 when so many projects gave participants a good profit. Everybody should understand that participation in any project involves a possible risk, especially in a falling market.

Now there is a risk everywhere, in any case there will be some result in the future.

[rumax]

Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from:

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


Adab Haraam exchange = scam because they are lying in order to seek invest via the ICO

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

[JooBra]

Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from:

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


Adab Haraam exchange = scam because they are lying in order to seek invest via the ICO

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

I think having a verification process like leu pay where they speak with every person via skype is a good way to keep the project clean. Also work documents etc help.

[gennadyg]

Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from:

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


Adab Haraam exchange = scam because they are lying in order to seek invest via the ICO

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

I think having a verification process like leu pay where they speak with every person via skype is a good way to keep the project clean. Also work documents etc help.

The Manager that runs the project on the forum had such a practice the procedure.All were satisfied.

[JollyGood]

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

Thank you for your post. I appreciate your comments and views.

Considering the importance of the word "Shariah" added alongside the name of this project, I think they should be extra careful and remain within the boundaries of those rules.

From what I can see they will ask for KYC regardless when seeking ICO individual investors (but not for corporate investors).

What you proposed about the idea of returning funds to investors might work but it is not necessary if because they could easily have an online checklist that the prospective investor would need to complete before even being allowed to participate in the ICO. That should include questions about their employment and salary and make sending a tax return with their KYC mandatory simply because they chose to add the word "Shariah" for this exchange, nobody forced them to.

In the end if the Adab Haraam exchange scammers cannot or will not filter investors then they cannot call themselves "Shariah" compliant. If they continue to do so they are liars. Simple.

[Power22]

Any and all projects cannot be Halal or Shariah compliant if they are willing to take ICO funding from:

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


Adab Haraam exchange = scam because they are lying in order to seek invest via the ICO

Maybe at the sales stages, they cannot filter all participants according to their affiliation, but after careful verification they will weed out those people who do not meet Sharia norms and return all invested funds to them. Something like that I observed in some projects that, after holding the fees, sifted out participants from certain countries and returned the money to them! What will you say in this case?

I think having a verification process like leu pay where they speak with every person via skype is a good way to keep the project clean. Also work documents etc help.

Why not, there are a lot of companies working through Skype, you can show documents there and discuss all the nuances

[M1ster.tw1ster]

the procedure is not as scary as you think.Who works long accustomed to this.

Verification is needed for any project, thus higher security measures for new users.

[gennadyg]

the procedure is not as scary as you think.Who works long accustomed to this.

Verification is needed for any project, thus higher security measures for new users.

you should get used to it.checks will be

[M1ster.tw1ster]

the procedure is not as scary as you think.Who works long accustomed to this.

Verification is needed for any project, thus higher security measures for new users.

you should get used to it.checks will be

I hold the opinion that it is everyone who chooses whether to pass a verification or not

[tw1sterQQ]

the procedure is not as scary as you think.Who works long accustomed to this.

Verification is needed for any project, thus higher security measures for new users.

you should get used to it.checks will be

Most of the people are already accustomed to this procedure, to hide, if there is no person, then he is not afraid