A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, ADAB, the first cryptocurrency exchange corresponding to the norms of Shariah has arrived.
"The global surge of interest in bitcoin, ethereum and other cryptocurrencies extends into the Gulf and Southeast Asia, the main centres of Islamic finance. But because they are products of financial engineering and objects of speculation, cryptocurrencies sit uneasily with Islam. Islamic law principles, in addition to banning interest payments, emphasize real economic activity based on physical assets and frown on pure monetary speculation.
Halal or not halal The speculative nature of cryptocurrencies has triggered debate among Islamic scholars over whether cryptocurrencies are religiously permissible. Cryptocurrency companies are seeking to sway the debate by launching instruments based on physical assets and certified as valid by Islamic advisors. Each OneGram cryptocurrency unit is backed by at least a gram of physical gold stored in a vault. The idea is to limit speculation. Gold was among the first forms of money in Islamic societies, so this is appropriate. The Briton who founded the firm with other investors last year. “We are trying to prove rules and regulations from sharia are fully compatible with digital blockchain technology.”
With that being said, ADAB Solutions solves the problem of aligning crypto assets with the high moral and cultural values of Islam by creating a global cryptocurrency platform for both Muslims and the world at large.
But before we go any further, please check out this video presentation to get even more acquainted
What is exactly ADAB - the First Islamic Crypto Exchange?
As said earlier, ADAB is the first cryptocurrency exchange corresponding to the norms of Shariah. Many cryptocurrencies, due to their characteristics, are haram. Today no one can guarantee that the coins and projects listed on conventional cryptocurrency exchanges comply with norms of Islam.
In addition, ADAB Solutions - develops the FICE - Islamic Crypto Exchange First, based on Sharia norms. The daily volume projected at the First Islamic Crypto Exchange is $ 140 million and a monthly turnover of $ 4.2 billion in the first year and half of its stock operations. As a result, the implementation of the ADAB Solution project will create a global infrastructure, which manages the principles of Islamic finance, and the people who govern the development of the Islamic crypto economy. Manipulation solutions will solve halal cryptocurrency transaction problems, providing access to the cryptocurrency market for Muslims, which account for 22% of the world's population and managing Islamic financial assets with a projection of 3.8 trillion USD.
The Mission
The mission of the ADAB Solution project is to create conditions and services based on high moral and cultural values and provide access to all users of the crypto economy.
The main task of the ADAB Solution is to create a structure that will create new ethical standards for doing business in the industry. ADAB - standards of behavior determined by sharia norms, including good behavior, courtesy, courtesy, humanity standards. ADAB Solution Name is a great responsibility for project creators.
At ADAB(FICE) there will be no projects related to any of the following:
Gambling
Usury
Immoral Service
Production of Alcoholic beverages and tobacco product
Financial pyramids
At ADAB(FICE) there will be no speculative deals, margin trading or operations not corresponding to the norms of Shariah.
An additional listing requirement is the approval by the Shariah Advisory Board.
These restrictions are not enforced only for religious reasons, they also exclude the appearance of low-quality assets on the exchange.
The Problem
The ADAB solution will solve the problem of halal cryptocurrency operations.
ADAB solutions will resolve the excessive risk of cryptocurrency systems.
The ADAB solution will solve the problem of building Islamic cryptocurrency infrastructure.
The absence of crypto exchange, functioning according to the Shariah norm.
Lack of integrated position of Islamic society on cryptocurrency.
Muslim uncertainty about accepting work with cryptocurrency.
From an existing cryptic exchange, zakat is not paid.
Major Market Problems
Very low involvement of Muslims in the cryptocurrency market.
Lack of public trust in key cryptococcal tools.
Lack of new markets and investors.
Why ADAB Solutions Stands Out?
The first exchange compliant with the norms of Islam
Today, there is no one cryptocurrency exchange, that would guarantee the activity based on the principals of Shariah. Adab Solutions will be the first project that will allow cryptocurrency transactions in accordance with the principles of Islamic finance and on the basis of Shariah norms
The Shariah Advisory Board, acting on an ongoing basis, will conduct in depth and systematic study of the cryptocurrency market and its elements for compliance with Shariah law.
Intended for a huge audience
Islamic Ummah covers more than 120 countries in Europe, Western, Central, South and South-East Asia and North Africa. In 35 of these Muslims are in the majority of the population. In 28 countries, including Egypt, Saudi Arabia, Morocco, Kuwait, Iran, Pakistan and others, Islam is a state religion.
Forming a new market system
The project applies to crypto-economy values based on the norms of the Shariah and the principles of Islamic finance. These values will become the basis for self-regulation of the crypto market and will increase the level of confidence in key cryptocurrency instruments.
Project design and safety
The project is built on the highest security standards and unique technical software solutions in conjunction with safe and reliable jurisdictions.
Token and ICO Details
Token - ADAB
Platform - Ethereum
Type - ERC20
PreICO - price 1 ADAB = 0.1 USD
Price in ICO 1 ADAB = 0.1 USD
BONUS
Private sale: - 25%
Pre ICO: - 15%
ICO 1st week: - 12%
ICO 3nd week: - 7%
End of ICO: - 5%
Tokens for sale 345,600,000
Investment Details
Min. investment - 100 USD
Accepting - ETH, BTC
Distributed in ICO - 72%
Soft cap - 2,500,000 USD
Hard cap - 18,700,000 USD
Token Distribution
The first Islamic crypto platform.
Adab Solutions makes it possible to perform cryptocurrency transactions in accordance with the principles of Islamic finance on the basis of Shariah norms and we are the first company that solves this problem.
Development of new markets.
Adab Solutions - will attract millions of users who have not previously invested in crypto assets and this will benefit the entire crypto-economy that will increase with new participants, who previously just watched its development from the sidelines.
The lowest price for ICO.
The initially issued number of tokens is the maximum and the final. Further the number of tokens will decrease, and the price will rise.
High potential of growth of the value of token.
The expected growth in the client base and the volume of transactions on FICE is the direct driver of the price of the ADAB token, the only crypto currency, which can be used to pay for commission and services within the project.
Contribution to the development of the Islamic financial system.
By purchasing ADAB tokens now and participating in a project designed for a large community, you not only share with us the benefits of entering the new fast-growing market of Islamic crypto-economics, but also contribute to the development of a new areas of application of the Islamic financial system.
Ensuring compliance with the principles of Islamic finance
Islamic Management Model
ADAB Solutions will be managed in accordance with the requirements of the Islamic system of corporate governance developed on the basis of the standards of AAOIFI and IFSB.
Shariah Advisory Board
Compliance with the norms of Islam in FICE activities will be provided by an independent body comprising authoritative experts in the field of Islamic law and finance and experts in the field of the cryptocurrency market.
Charitable Foundation ADAB Charity
Quarterly, 5% of net income and 2.5% of the annual net profit of the project will form the basis of the Adab Charity fund and everyone can contribute to this fund.
Independent certification
Adab Solutions will pass an independent certification of all regulatory and legal documents and procedures.
Annual audit
Adab Solutions will carry out the annual audit for compliance with the principles of Islamic finance by independent and reputable companies.
RoadMap
Rustam Turzhan: COO, co-founder
Maxat Salpyn: Deputy CEO of Islamic Finance
Aleksander Mamasidikov: Director of Marketing
Dmitriy Rovenskikh: Director of project promotion
Asset Barakbayev: СТО
Pavel Krayev: Head of development Department
Didar Bidam: Senior IT advisor
Khalil Ben sassi: Graphic designer
Mamoun Jamaladdin: Community Manager (Arabic)
Abeer Mousa: Community development manager
Advisors
Gaurav Areng Chakraverti: Marketing ICO Advisor
Jorge Rodriguez: Security Advisor
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: http://adabsolutions.com/
Whitepaper: https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
Telegram: https://t.me/Adabsolutions
Facebook: https://www.facebook.com/adabsolutions
Twitter: https://twitter.com/AdabSolutions
Medium: https://medium.com/@adabsolutions
Reddit: https://www.reddit.com/r/adabsolutions/
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
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