Hi mate, belive me this project is not scam they are more than scam, I understand Sharia norms, I had studied shariah, this project want to make lundery money, they , they need to hide their money and lunder it.
As you said many times here that they are not applying Sharia! You are right, they are ERC20 and ethereum is POS which is Haram not halal because of the interest that people is getting from stacking is forbidden in Shariah.
I'm sure Muslims who is already in crypto market will not invest in this project because they don't consider others exchanges like Binance and Kucoin as forbidden.
One more thing , the team is real but they don't have any experience in crypto currency, when this exchange go live they will be hacked because they are not professional in this field.
I like this post. Thank you.
Yes they do not have any real crypto experience, it seems to be a rag-tag team huddled together to widen the appeal and input to forcefully make a "team". The problem is nobody in that "team" is qualified on any aspect of Islamic jurisprudence in any Islamic denomination.
It is doomed to fail.