Re: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms
Come on, they will release beta version after ICO!
I have not seen any ICO released beta version before the end of ICO, only MVP and alpha version in some cases!
Come on, just open your eyes and do your investigation about it, find the below post from the scam accusation ( https://bitcointalk.org/index.php?topic=5043659.msg46738880#msg46738880) , no need to resist the logic.I have not seen any ICO released beta version before the end of ICO, only MVP and alpha version in some cases!
This is an old review from ICObench ICO expert
https://icobench.com/ico/adab-solutions
"
Quote
1. would like to see what other experts see consider a weak team. For me, this one is so-so. Local (to Kazakhstan), no experience in exchange business (at least key executives), and their main market should be in Arab world.
2. Exchange business is highly competitive, they have to do much better then just claiming the Islamic card
3. There is no product, nor did they start working on it.
Overall - very risky.
Update in response to the team member:
Your key Executives are in Kazakhstan. ICO advisors usually don't do much and it does not matter for me where they are or who they are. What you call MVP is a static web site with BTC at $700 and something my team can put together in 2 days. Certainly not a Viable product, very very far from it. The expertise of the team members is mostly in Agriculture business, nothing to do with trading, exchanges, or technology of exchanges, which is clearly visible in your "MVP"
Update to the team member response: Please read my comments, you answered imaginary questions. MVP stands for Minimum VIABLE Product, and you claim it's live. What I saw is a static page where price of Bitcoin is $700 and similar things, which indicated it was something done in a couple of days by a Designer who doesn't know what he's drawing. There is certainly nothing working in there. For responses you provided I usually reduce the rating, since it demonstrates clearly the hype rather then real work and real professionalism."
2. Exchange business is highly competitive, they have to do much better then just claiming the Islamic card
3. There is no product, nor did they start working on it.
Overall - very risky.
Update in response to the team member:
Your key Executives are in Kazakhstan. ICO advisors usually don't do much and it does not matter for me where they are or who they are. What you call MVP is a static web site with BTC at $700 and something my team can put together in 2 days. Certainly not a Viable product, very very far from it. The expertise of the team members is mostly in Agriculture business, nothing to do with trading, exchanges, or technology of exchanges, which is clearly visible in your "MVP"
Update to the team member response: Please read my comments, you answered imaginary questions. MVP stands for Minimum VIABLE Product, and you claim it's live. What I saw is a static page where price of Bitcoin is $700 and similar things, which indicated it was something done in a couple of days by a Designer who doesn't know what he's drawing. There is certainly nothing working in there. For responses you provided I usually reduce the rating, since it demonstrates clearly the hype rather then real work and real professionalism."
So these fools have zero money of their own?
So they will use the ICO money to build this exchange from scratch?
They have no programmer to design the website and exchange on their Team page
There is nothing Islamic or Shariah about the ICO fundraising part of the exchange because they are happy to accept funding from prostitutes and pimps
The KAZAKH trio behind the team are nothing but dreamers selling a religious project to the uninitiated but in reality this is just a Haraam business because they are willing to accept ICO funding from all illicit, illegal and immoral sources
The trio from KAZAKHSTAN are "non-denominational Muslims" so how can they know what Shariah is and how can they preach its principles to anybody else?
Wiki (https://en.wikipedia.org/wiki/Kazakhstan#Religion): "Some figures show that non-denominational Muslims form the majority"