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

[drrekkty]

Wow this thread is all messed up I wonder if they are doing good in their sales, they should answer all these accusations but their channel is doing great a lot of updates here, despite all of these they manage to attract support, following this thread for more update of they will succeed or not.

I haven't follow this thread for a period of time and it seems like a progress for adab collections.
Their community has a growth, some positive news, but market is hard at the moment...

Now the market is rapidly flying down. During this period, investors are not willing to risk their assets. Therefore, all young projects are going through hard times.

And what about you? Are you ready to risk your assets during this bloodbath? What are your favourite assets to invest?

[Enchantment99]

In any case, this situation is unlikely to last long. Soon it will become clear whether the market is moving further down or is turning up.

All small customers of the cryptocurrency market can only be patient and wait farther. No one knows in which direction the market will turn and when it will happen. Therefore it is necessary to keep abreast of events.

I still refrain, in principle, from the market. My savings is in fiat. I am waiting for the entry point. It is better to earn less than lose what I have.

Not all market customers managed to exit cryptocurrency before the market collapse. They have to either wait for the growth of the market or sell the coins at a loss.

[whitetoo]

"1.8 Billon people are Muslims", "What is the prupose of this ico"... Your bank doesn't seem to care about typos.

hello. tell me please where did you find these typos? We'll correct it as soon as possible.

[Freddy63]

I've seen this guy writing the same negative post in some ann , I don't what motivates him, probably he wants money to stop his activity. May be he is a blackmailer

[ningrum]

In any case, this situation is unlikely to last long. Soon it will become clear whether the market is moving further down or is turning up.

All small customers of the cryptocurrency market can only be patient and wait farther. No one knows in which direction the market will turn and when it will happen. Therefore it is necessary to keep abreast of events.

I still refrain, in principle, from the market. My savings is in fiat. I am waiting for the entry point. It is better to earn less than lose what I have.

Not all market customers managed to exit cryptocurrency before the market collapse. They have to either wait for the growth of the market or sell the coins at a loss.

For me, it is better to wait for the growth of the market because if we sell it now with the market conditions that are going down, of course it will not provide benefits but it will provide a definite loss, but somehow it depends on your own decision

[whitetoo]

I've seen this guy writing the same negative post in some ann , I don't what motivates him, probably he wants money to stop his activity. May be he is a blackmailer

yes, probably you are right

[JollyGood]

For me, it is better to wait for the growth of the market because if we sell it now with the market conditions that are going down, of course it will not provide benefits but it will provide a definite loss, but somehow it depends on your own decision

ADAB HARAAM EXCHANGE = SCAM SO PLEASE BEWARE !!







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



ADAB Solutions Exchange- MAJOR RED FLAGS FOUND

I recently evaluated the ADAB Solutions project (First Islamic Exchange).

After looking at the comments and scoring given by other “experts”, I was shocked given what I found (or couldnt find).

First and foremost; both the CEO and COO have 0 verifiable work experience. I communicated directly with the CMO and was provided a link to a website for Vangaurd (http://vanguardconsulting.kz/) and told that this is an example of the “experience” of the CEO. After reviewing said website, nothing was found to indicate any involvement of the CEO, and even if there was, this particular business wouldnt qualify anyone in my opinion.

Based on the fact that not only is there 0 verifiable work experience, I am shocked that this project would be given any type of positive evaluation given the fact that as is the intent of the project (crypto exchange) you would think that a serious background in both finance and business would be required, given the potential funds at stake

ADAB Solutions sincerely believes that by following the norms of Sharia, we will be able to perform the moral and socially acceptable behavior, by exclusing all the possibilities of manipulations or speculations within business operations”.

based on this statement taken from the project information, it is my belief that the assertion here is that; because they intend to follow “Islamic Law”, that investors/clients can be assured of security and without the fear of “immoral” behaviour. This to me is nothing more than a marketing ploy, meant to decieve investors into thinking that some type of “moral standard” exists here that is not practiced elsewhere. It is also my understanding that the CEO/COO and Deputy CEO are not even Muslim.

Regardless of one’s own religious beliefs, I can’t think of anything much more cynical than adopting the principles of a religion that is not your own in order to deceive its followers.

Here is an example of a similar ploy perpetrated under the guise of being Shariah “compliant”:
https://www.cbc.ca/news/canada/toronto/2-men-defrauded-shariah-compliant-mortgage-holders-of-millions-of-dollars-crown-tells-trial-1.4867083

[MoLoKo789]

For me, it is better to wait for the growth of the market because if we sell it now with the market conditions that are going down, of course it will not provide benefits but it will provide a definite loss, but somehow it depends on your own decision

I also do not trade now, but just waiting for the orders for sale to work. To my great joy, one warrant worked today. I hope that the rest will work soon.

[JollyGood]

Haha what a pathetic cheap plugin website using freebie cms  

These "team" have zero money of their own. They will use the ICO money to build this exchange from scratch and they have no programmer to design the website and exchange on their Team page. for now they have a $5 website template along with freebie tradingview.com plugins, which is there to entice investors but the truth is it looks like a 20 year old trashy website.

There is nothing Islamic or Shariah or religious about the ICO fundraising part of the exchange.

The people behind this scam are happy to accept ICO funding from the illegal and illicit and immoral sources such as from pimps and prostitutes so how can they be claiming to comply with Shariah when they are not following Shariah themselves?

Adab Haraam exchange scammers are hilarious.

They are using Russian bounty scammers including whitetoo, 520bit, RoyalTeam, vitalii_invest, Mari Royalteam and others to flood threads to create fake hype and fake buzz using so many alt-names and sock-puppet accounts.

[spawn4ever]

Good to know positive news on this dropping market!
And this interview above is something positive explaining more on Adab exchange!

its doesnt matter until they show us process of their private sale

[buttnonslet]

In any case, this situation is unlikely to last long. Soon it will become clear whether the market is moving further down or is turning up.

All small customers of the cryptocurrency market can only be patient and wait farther. No one knows in which direction the market will turn and when it will happen. Therefore it is necessary to keep abreast of events.

I still refrain, in principle, from the market. My savings is in fiat. I am waiting for the entry point. It is better to earn less than lose what I have.

Not all market customers managed to exit cryptocurrency before the market collapse. They have to either wait for the growth of the market or sell the coins at a loss.

I do not sell now. I did not dare to sell a month ago and now regret this decision.

[JollyGood]

Great news!

We have reached the Soft cap!

https://medium.com/adab-solutions/soft-cap-is-reached-8bebc9221750

 

Where is smart contract link to show the $2.5 million soft cap target being reached?

[FORTUNA88]

In any case, this situation is unlikely to last long. Soon it will become clear whether the market is moving further down or is turning up.

All small customers of the cryptocurrency market can only be patient and wait farther. No one knows in which direction the market will turn and when it will happen. Therefore it is necessary to keep abreast of events.

I still refrain, in principle, from the market. My savings is in fiat. I am waiting for the entry point. It is better to earn less than lose what I have.

Not all market customers managed to exit cryptocurrency before the market collapse. They have to either wait for the growth of the market or sell the coins at a loss.

I do not sell now. I did not dare to sell a month ago and now regret this decision.

I also wanted to immediately start selling coins when the cryptocurrency market began to fall. But then I changed my mind. Because to sell and get a loss, I always have time. I'd rather wait for the market to grow.

[JollyGood]

Good to know positive news on this dropping market!
And this interview above is something positive explaining more on Adab exchange!

its doesnt matter until they show us process of their private sale

Great news!

We have reached the Soft cap!

https://medium.com/adab-solutions/soft-cap-is-reached-8bebc9221750

 

This is a blatant scam by Adab Haraam exchange.

Where is proof of the $2.5 million soft cap target being reached?

The Adab haraam exchange have used their Russian bounty sock-puppet scammers whitetoo, 520bit, RoyalTeam, vitalii_invest, Mari Royalteam and others to spread propaganda using multiple accounts posting incoherent messages to try to create fake buzz and fake hype

[Charisma359]

In any case, this situation is unlikely to last long. Soon it will become clear whether the market is moving further down or is turning up.

All small customers of the cryptocurrency market can only be patient and wait farther. No one knows in which direction the market will turn and when it will happen. Therefore it is necessary to keep abreast of events.

I still refrain, in principle, from the market. My savings is in fiat. I am waiting for the entry point. It is better to earn less than lose what I have.

Not all market customers managed to exit cryptocurrency before the market collapse. They have to either wait for the growth of the market or sell the coins at a loss.

I do not sell now. I did not dare to sell a month ago and now regret this decision.

Former BTCC Exchange CEO Bobby Lee claims in one of his interviews that
bear market will last another 18 months! And what do you think?

[JollyGood]

Well, i don't mean that I am sceptical. On a first sight it seems weird, and  my thought was just LOL on the whole idea, but looking at raised soft cap I see that someone has invested.
Raising 2-3 millions today is tough. i don't know how they will base on shariah norms, I am far from it, but it is not typical ICO anyway

Yes, but you dont know for sure   They just announced it and that's all, you never know it for sure without checking the smart contract?

You are right, I don't know it for sure. I've just noticed news about soft cap and thought that it is true, I wasn't interested in checking smart contract and making so deep analysis.

You have to make a deep analysis because when it comes to this scam project.

The Adab haraam exchange team and their Russian bounty scammers whitetoo, 520bit, RoyalTeam, vitalii_invest, Mari Royalteam and all their sock-puppet accounts that pump this thread are compulsive liars.

Where is proof of the $2.5 million soft cap target being reached?

[Genrix]

Former BTCC Exchange CEO Bobby Lee claims in one of his interviews that
bear market will last another 18 months! And what do you think?

These experts predicted bull run previously and BTC for 50k, so you have to make a conclusion,that experts can be wrong.
Do your own research!

[drrekkty]

Not all market customers managed to exit cryptocurrency before the market collapse. They have to either wait for the growth of the market or sell the coins at a loss.

that's right! Did you manage to sell crypto or still hold? I was in a big loss, but now I started all over again and try to increase my portfolio again

[JollyGood]

where i can find terms and conditions of your pre-sale?

It is a scam, there are no T/Cs available for pre-sale.

The project is a scam designed to fool investors.

[trobbert]

Usually ICOs don't prove of funds at the pre-sale stage.
Probably they've raised money via fiat investments, that's it! There is nothing strange for me at the moment. At least Adab has unique vision.