Re: [ANN] ADAB - First Islamic Crypto Exchange, based on the Shariah norms
Thank you for your reply.
Following your answers -
1. There are discussions around the BitcoinTalk on you removing people
Just saying it is not only one guy...
2. Alright, I get it, but being transparent with Shariah norms means you should show everything as transparent as possible, but it is your decision, don't want to push you in the corner with that.
3. Sure It doesn't, but it may prevent you, because you stepped on thin ice by being First Islamic Exchange, It is not that easy to achieve.
4. Well... by telling that you about to get the license and you have it - are two different scenarios, think about it.
5. Noted
_____________
I have a few more questions:
Do you have the feedback of the 3rd Islamic party which is not interested in the project?
How will you benefit from the financial point of view?
What is the reason for a token to grow in the future?
What if smb perform forbidden strategies like the pump and dump on your exchange or use it for something "Bad"?
Following your answers -
1. There are discussions around the BitcoinTalk on you removing people
Just saying it is not only one guy...2. Alright, I get it, but being transparent with Shariah norms means you should show everything as transparent as possible, but it is your decision, don't want to push you in the corner with that.
3. Sure It doesn't, but it may prevent you, because you stepped on thin ice by being First Islamic Exchange, It is not that easy to achieve.
4. Well... by telling that you about to get the license and you have it - are two different scenarios, think about it.
5. Noted
_____________
I have a few more questions:
Do you have the feedback of the 3rd Islamic party which is not interested in the project?
How will you benefit from the financial point of view?
What is the reason for a token to grow in the future?
What if smb perform forbidden strategies like the pump and dump on your exchange or use it for something "Bad"?
Hello.
Thanks for your attention.
1. from one person. I am more than confident that the newbies who very professionally criticize are his multiple accounts.
2. how is the difference between Shariah or not Shariah? There are ICO rules. Private sale is classified information! It has always been the case and in all projects it is so! Or do you want to say, for example, if you come to the bank and ask them to show you someone's a bill, will they show you? Everywhere has its own rules. And no matter what religion the project or person adheres to.
3. Thank you for understanding. We will do everything in our power.
4. -
5. -
Do you have the feedback of the 3rd Islamic party which is not interested in the project?
- Not yet, but we have Muhamad Abu Bakar as an advisor, this is a person who was the first in the world to recognize Bitcoin halal, and he became interested in our project and became our advisor
How will you benefit from the financial point of view?
What is the reason for a token to grow in the future?
- I cannot answer these questions quickly and briefly.. Better read our financial forecast https://adabsolutions.com/docs/ff/en_ff.pdf. There are answers to your questions.
What if smb perform forbidden strategies like the pump and dump on your exchange or use it for something "Bad"?
- The members of the Shari'ah Council are influential and respected people in the world of Islamic finance. And they won't risk their reputation. At the moment the council has already been created! but we cannot announce it until FICE will be launched.
with best regards
Thanks... but you didnt answer
Quote
There are ICO rules
And ICO means - to be transparent, so why dont you then use banks in order not to be transparent? what is the point of ICO?Quote
Muhamad Abu Bakar as an advisor
Thanks for your answer, but still he is a part of your team.
Quote
How will you benefit from the financial point of view?
I do not see the answer there - how actually you are going to benefit financially? I mean why should smb buy your token now if he/she can buy it after ICO?
Quote
The members of the Shari'ah Council are influential and respected people in the world of Islamic finance.
It is easy to manipulate the price of given crypto instrument (if you have enough money to-do so). So my question - what happen if smb start performing pump and dump actions to the Shari'ah approved token?