Adab Solutions ICO Review
White paper: https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
The development of the project will be based on the entrepreneurial efforts of the organizers and their work. According to the norms of Islamic ethics, it is right that the source of wealth is own labor inputs and the entrepreneurial efforts.
First Islamic Crypto Exchange will completely exclude the possibility of speculative transactions, margin trading and operations that do not correspond to Shariah. This will exclude the Gharar and Maisir and Riba from the work of the Exchange.
FICE platform able to handle 3 million requests per second, making FICE the one of the fastest crypto exchanges. Users of FICE will be guaranteed that their applications will never be suspended due to congestion of the platform.
ADAB Solutions is founded to create a platform for halal projects, to work in a full compliance with the norms of Islam and Islamic finance. Our task is to help Muslims and the community of crypto-investors to understand what in the market the cryptocurrencies is compliant with the Shariah rules and what does not.
ADAB Solutions proceeds from the fact that this project will generally benefit the market, since halal projects in their essence have utility and value, and their definition will contribute to the development of useful ideas and a decrease in the number of projects in the market, which are haram in its essence.
What does ADAB Solutions Do and How does it Solve the Present Problems?
Below we have listed some of the problems holding many people back from getting involved in the crypto industry.
Cultural Difference and Current Market Structure
The first thing this service aims to accomplish is to align the crypto assets to the sound cultural values of Islam thereby creating a moral based platform for both the muslims and the world. For the first time cryptocurrency market is going to be implemented with Shariah Advisory Board which makes a reliable platform for launching Halal(Muslim law) projects.
The way the present market is structured is suitable for many people but due to the ethical uncertainty of Muslims regarding the admissibility of work on the crypto market is making them to stay away from getting involved and as a result non-involvement is there.
ADAB Solutions will solve this problem and enable a staggering population of 1.8 billion people to take part in this new segment. By giving access to many people the money flow into this sector will increase and thereby makes the way for bullish economy.
Trust and Solutions
Since the present markets have a lot of fake schemes perpetuated under the name of investments, it is very hard to new investors to find a legitimate solution to begin with. When this project gets implemented Shariah can serve as a new benchmark and standard of honesty which the current structure desperately needs.
- ADAB Solutions has no analogue in the world. This is the first platform, which guarantees the company operations to be compliant with Sharia norms.
- ADAB Solutions will be the first project, which will allow crypto transactions to be totally compatible with Islamic management model and Sharia norms as well.
- Project is focusing on the broad audience. There are 1.8 billion Muslims in the world, who would be a potential users of ADAB services.
- The project guarantees the transparency of business operations, by eliminating all the speculations/manipulations within business operations
- Particular percentage of annual income will be directed to charity organization, which is being arranged on the behalf of ADAB Solutions
UAE-based ADAB Solutions Introduces First Islamic Crypto Exchange
UAE-based Adab Solutions has introduced the First Islamic Crypto Exchange (FICE). The exchange will have an initial coin offering (ICO) in September of this year. The crypto exchange will be operating under the standards put in place by the Shariah Advisory Board. The launch of FICE will streamline the whole Islamic world’s perception of the cryptocurrency market.
In a report published on Sunday by news outlet Trade Arabia, what makes the launch of the FICE distinct is that it is the first Shariah-compliant crypto exchange. In a blog postpublished by the company last week, the FICE will develop a “global infrastructure, that operates on the principles of Islamic finance, and the community that regulates the development of Islamic crypto-economics.”
Aside from providing an entry into the market space for the Muslim Ummah, the company is convinced that the new cryptocurrency exchange will solve the problem of halal cryptocurrency transactions. The Muslim Ummah comprises over 22 percent of the world’s population and controls Islamic financial assets amounting to over $3.8 trillion.
FICE, the first Islamic crypto exchange in the world, is devoted to “adhering to the high moral requirements set forth by the Shariah community.” Because of this, the platform will integrate an in-house Shariah Advisory Board in order to “ensure that Islam is finally included in the global cryptocurrency market.” An independent body composed of internationally recognized Shariah experts, the SAB is set to provide input and guidance on all Shariah matters within the company.
Based on the Shariah principles with which it was built, the FICE is expected to only list projects that are deemed “halal” or permissible by the advisory board. Projects considered as “haram” or forbidden will not be listed on the exchange. Tokens that will be permitted to but are not limited to the exchange are those related to gambling, usury, immoral services, production of alcoholic beverages and tobacco products, and financial pyramids.
Adab Solutions is expected to launch its own ICO next month for the platform’s native token dubbed as the ADAB. The tokens can be utilized as a “key” to provide users access to the various features on the exchange. In addition, commissions paid out on the platform can be paid in ADAB as well.
ADAB work at Global ECO system for the Muslims
The potential volume of the market > $ 2,000,000,000,000
For the projects approved by Shariah Advisory Board a single eco-system will be created and projects, before listing on an exchange, will have to go through the following stages:
Deep analysis of the project will give an opportunity to use the tools of Islamic finance for all users, regardless of the race and religion.
The system provides protection for projects from pumps, dumps, margin trading and market manipulation.
Token Price: 0.1 USD
Token for sale: 345,000,000 ADAB (72%)
Token supply: 480,000,000 ADAB
Soft cap: 2,500,000 USD
Hard cap: 18,700,000 USD
Accepting: ETH, BTC, LTC, DASH, XRP
Restricted countries: United States of America
STEP 1 — COMPLETED
Terms: June 2017- September 2017
Beginning of the study of the cryptocurrency market in the Islamic community.
STEP 2 — COMPLETED
Terms: 2017 — November 2017
Formation of goals and objectives to solve the problem of access of Muslim population to the cryptocurrency market.
STEP 3 — COMPLETED
Terms: December 2017 — May 2018
The development of the philosophy and mechanics of the exchange, based on the principles of the Islamic financial model.
STEP 4 — COMPLETED
Terms: September 2018 — November 2018
ICO to finance and promote the Islamic cryptocurrency exchange.
SOFT CAP ROADMAP — COMPLETED$ 2 500 000
STEP 5 — COMPLETED
Terms: July 2018 — September 2018
Development of the program mechanism of the First Islamic Crypto Exchange.
STEP 6 — COMPLETED
Terms: October 2018 — December 2018
Registration of the First Islamic Crypto Exchange. Start of work on AdabCrypto (News Portal & Forum) and Adab Charity.
Terms: December 2018 — February 2019
Alfa release of the First Islamic Crypto Exchange, functionality and security check.
Terms: December 2018 — December 2019
Launch a large-scale marketing campaign, in order to attract new users on a large scale.
Terms: April 2019
Beta release of the Islamic Exchange First Islamic Crypto Exchange with the support of cross-platform trading clients.
Terms: July 2019
Official launch of the First Islamic Crypto Exchange.
Terms: June 2019 — December 2019
Expansion of the functional content of the First Islamic Crypto Exchange.
Terms: August 2019
Run Adab Charity.
Terms: December 2019 — July 2020
Formation, on the bases of ADAB Solutions platform and First Islamic Crypto Exchange, of a reliable and developed infrastructure based on the principles of Islamic finance.
Bitcointalk username: sujon3424
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2394878
ETH Address: 0xf0Eacb332c30dC129FB091BD2743faE37c16bDeE