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Although being muslim and afraid to show identity is a bit of poor excuse, but very well, there's a middle way. You're a group of 20, 16 were in US, I'll assume the other 4 were in UEA, then? And they should have no worry of being discriminted and threatened, given they're living in a more muslim friendly country, so they can show identity. And then, from the 16 that lives in USA, only 9 were muslim, so the other 7 were not on a danger to show themselves. There are a total of 11 people you can give a detailed background as a token of security and a guarantee that you're not a scam. Well?
Poor Excuse? Are you a US citizen? Why don't you show us your identity and we will Put your name on our website not as team member of course because you did not involved in our project you are just an spammer to us. So let us put yours real identity as Toilet cleaner at Islamic Digital Finance. Then you will Practically know how does it actually feels working for a Company which deals in cryptocurrencies, and name starts as ISLAMIC even if you are not a Muslim.
And if you are not living in US then you did not know anything about what is happening there so stop spamming. We cannot name our non muslim Members also until they reached here in UAE.
Spam explained by Oxford Dictionary:
spam somebody/something to send the same message to large numbers of internet users who have not requested the information
Some companies will keep spamming you until you change your email address.
Some idiot has been spamming my blog with comments.
You have not answered our Question which actually an accusation made by you on us that we are running a token sale so where is the token sale link?
We shared with you the Code of our IDF SWAP smart contract if you did not understand it search google and you will find many developers who will tell you that the company itself cannot withdraw ETH from Smart contract. So how can it be a Scam project?
Poor Excuse? Are you a US citizen? Why don't you show us your identity and we will Put your name on our website not as team member of course because you did not involved in our project you are just an spammer to us. So let us put yours real identity as Toilet cleaner at Islamic Digital Finance. Then you will Practically know how does it actually feels working for a Company which deals in cryptocurrencies, and name starts as ISLAMIC even if you are not a Muslim.
And if you are not living in US then you did not know anything about what is happening there so stop spamming. We cannot name our non muslim Members also until they reached here in UAE.
Spam explained by Oxford Dictionary:
spam somebody/something to send the same message to large numbers of internet users who have not requested the information
Some companies will keep spamming you until you change your email address.
Some idiot has been spamming my blog with comments.
You have not answered our Question which actually an accusation made by you on us that we are running a token sale so where is the token sale link?
We shared with you the Code of our IDF SWAP smart contract if you did not understand it search google and you will find many developers who will tell you that the company itself cannot withdraw ETH from Smart contract. So how can it be a Scam project?
I am afraid because your previous question was completely ignored by him, this one will also be ignored. I started to think that either he didn't know how to answer it or didn't want to respond at all. To be knowed for @OP, however the question must be answered, it will become a serious problem.
Point 1 legit Question which we failed to answer? He is spamming from the day 1. No company will share sensitive information on the demand of spammer/Scammers.
Point 1 legit Question which we failed to answer? He is spamming from the day 1. No company will share sensitive information on the demand of spammer/Scammers.
Hello there holydarkness
Answering Your Queries Hope you will understand.
Islamic Digital Finance was a team of Total 20 peoples. 16 of them was based in USA. 9 of them are Muslims.
They invested in equities and Cryptocurrencies and Started their Project "Islamic Digital Finance" but the Agencies were after them just because of the name "ISLAMIC".
Read this https://en.wikipedia.org/wiki/Islam_in_the_United_States
or
Search Google " American Muslim life after the September 11 attacks "
That was the reason they were not publishing any member name on their website. We are adding members as they are arriving here in UAE.
They bought an Office and equipment in UAE and was shifting their team members to UAE when we Bought Islamic Digital Finance.
Where is the Token Sale ? Share the link
IDF Swap Contract is made in a way that the
Liquidity for redemption of IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
https://github.com/omanriyal/Islamic-Digital-Finance/blob/main/src/contracts/IDFSWAP.sol
https://app.islamicdigital.finance
Although You are not an investor in IDF or a share holder but we are ready to answer your further questions but no company will share there sensitive information on a demand from spammer/scammers etc. We will share all the details when we see that it will be beneficial for our Company.
We are not forcing you or anyone else to invest in our products. So Avoid Spamming here.
Ask your Further questions here https://t.me/IDFfinance so you can get a quick reply of all your queries.
Answering Your Queries Hope you will understand.
Islamic Digital Finance was a team of Total 20 peoples. 16 of them was based in USA. 9 of them are Muslims.
They invested in equities and Cryptocurrencies and Started their Project "Islamic Digital Finance" but the Agencies were after them just because of the name "ISLAMIC".
Read this https://en.wikipedia.org/wiki/Islam_in_the_United_States
or
Search Google " American Muslim life after the September 11 attacks "
That was the reason they were not publishing any member name on their website. We are adding members as they are arriving here in UAE.
They bought an Office and equipment in UAE and was shifting their team members to UAE when we Bought Islamic Digital Finance.
Where is the Token Sale ? Share the link
IDF Swap Contract is made in a way that the
Liquidity for redemption of IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
https://github.com/omanriyal/Islamic-Digital-Finance/blob/main/src/contracts/IDFSWAP.sol
https://app.islamicdigital.finance
Although You are not an investor in IDF or a share holder but we are ready to answer your further questions but no company will share there sensitive information on a demand from spammer/scammers etc. We will share all the details when we see that it will be beneficial for our Company.
We are not forcing you or anyone else to invest in our products. So Avoid Spamming here.
Ask your Further questions here https://t.me/IDFfinance so you can get a quick reply of all your queries.
https://app.islamicdigital.finance
Islamic Digital Finance ( IDF ) is a basket/pool of
Stock/Shares, Commodities and cryptocurrencies
Managed by the Experienced Fund managers.
Total Supply of IDF is 2400000 out of which
1500000 can be bought or sold through IDF Swap
App at app.islamicdigital.finance. Remaining IDF
will be used to list on centralized cryptocurrency
exchanges like binance.com and desentralized
cryptocurrency exchanges like Uniswap.
(a) IDF are purchased at the Offer Price and can be
redeemed at the Same Price at any time from
app.islamicdigital.finance.
(b) IDF are issued immediately using IDF Swap at
app.islamicdigital.finance.
(c) During the distribution of profit period on 1st and
2nd of every month the IDF Swap will be closed, the
18 ISLAMIC DIGITAL FINANCE Whitepaper 1.1
sale, redemption and conversion of IDF will be
suspended.
(d) The price of IDF and its redemption will remain
same at app.islamicdigital.finance for complete 1
month. Any outside exchange centralized like
binanse.com or decentralized like Uniswap.exchange
will not effect the rate of purchase and redemption at
app.islamicdigital.finance.
(f) If any IDF holders wants to convert his/her IDF
into FIAT the investor will need to go through the
KYC process established by the company.
(g) IDF Swap Contract is made in a way that the
Liquidity for redemption for IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
Procedure for Purchase of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also buy IDF from Centralized and
decentralized exchanges.
Procedure for Redemption of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also Redeemed IDF from Centralized
and decentralized exchanges. But it will/can include
a heavy exchange fee on both centralized and
specially on a decentralized exchange where you
first need to approve the sell then you will need to
pay a very high exchange, liquidity providers, and
GAS fee to complete a transaction
[/b]Islamic Digital Finance ( IDF ) is a basket/pool of
Stock/Shares, Commodities and cryptocurrencies
Managed by the Experienced Fund managers.
Total Supply of IDF is 2400000 out of which
1500000 can be bought or sold through IDF Swap
App at app.islamicdigital.finance. Remaining IDF
will be used to list on centralized cryptocurrency
exchanges like binance.com and desentralized
cryptocurrency exchanges like Uniswap.
(a) IDF are purchased at the Offer Price and can be
redeemed at the Same Price at any time from
app.islamicdigital.finance.
(b) IDF are issued immediately using IDF Swap at
app.islamicdigital.finance.
(c) During the distribution of profit period on 1st and
2nd of every month the IDF Swap will be closed, the
18 ISLAMIC DIGITAL FINANCE Whitepaper 1.1
sale, redemption and conversion of IDF will be
suspended.
(d) The price of IDF and its redemption will remain
same at app.islamicdigital.finance for complete 1
month. Any outside exchange centralized like
binanse.com or decentralized like Uniswap.exchange
will not effect the rate of purchase and redemption at
app.islamicdigital.finance.
(f) If any IDF holders wants to convert his/her IDF
into FIAT the investor will need to go through the
KYC process established by the company.
(g) IDF Swap Contract is made in a way that the
Liquidity for redemption for IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
Procedure for Purchase of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also buy IDF from Centralized and
decentralized exchanges.
Procedure for Redemption of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also Redeemed IDF from Centralized
and decentralized exchanges. But it will/can include
a heavy exchange fee on both centralized and
specially on a decentralized exchange where you
first need to approve the sell then you will need to
pay a very high exchange, liquidity providers, and
GAS fee to complete a transaction
[/b]
Islamic Digital Finance ( IDF ) is a basket/pool of
Stock/Shares, Commodities and cryptocurrencies
Managed by the Experienced Fund managers.
Total Supply of IDF is 2400000 out of which
1500000 can be bought or sold through IDF Swap
App at app.islamicdigital.finance. Remaining IDF
will be used to list on centralized cryptocurrency
exchanges like binance.com and desentralized
cryptocurrency exchanges like Uniswap.
(a) IDF are purchased at the Offer Price and can be
redeemed at the Same Price at any time from
app.islamicdigital.finance.
(b) IDF are issued immediately using IDF Swap at
app.islamicdigital.finance.
(c) During the distribution of profit period on 1st and
2nd of every month the IDF Swap will be closed, the
18 ISLAMIC DIGITAL FINANCE Whitepaper 1.1
sale, redemption and conversion of IDF will be
suspended.
(d) The price of IDF and its redemption will remain
same at app.islamicdigital.finance for complete 1
month. Any outside exchange centralized like
binanse.com or decentralized like Uniswap.exchange
will not effect the rate of purchase and redemption at
app.islamicdigital.finance.
(f) If any IDF holders wants to convert his/her IDF
into FIAT the investor will need to go through the
KYC process established by the company.
(g) IDF Swap Contract is made in a way that the
Liquidity for redemption for IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
Procedure for Purchase of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also buy IDF from Centralized and
decentralized exchanges.
Procedure for Redemption of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also Redeemed IDF from Centralized
and decentralized exchanges. But it will/can include
a heavy exchange fee on both centralized and
specially on a decentralized exchange where you
first need to approve the sell then you will need to
pay a very high exchange, liquidity providers, and
GAS fee to complete a transaction
Stock/Shares, Commodities and cryptocurrencies
Managed by the Experienced Fund managers.
Total Supply of IDF is 2400000 out of which
1500000 can be bought or sold through IDF Swap
App at app.islamicdigital.finance. Remaining IDF
will be used to list on centralized cryptocurrency
exchanges like binance.com and desentralized
cryptocurrency exchanges like Uniswap.
(a) IDF are purchased at the Offer Price and can be
redeemed at the Same Price at any time from
app.islamicdigital.finance.
(b) IDF are issued immediately using IDF Swap at
app.islamicdigital.finance.
(c) During the distribution of profit period on 1st and
2nd of every month the IDF Swap will be closed, the
18 ISLAMIC DIGITAL FINANCE Whitepaper 1.1
sale, redemption and conversion of IDF will be
suspended.
(d) The price of IDF and its redemption will remain
same at app.islamicdigital.finance for complete 1
month. Any outside exchange centralized like
binanse.com or decentralized like Uniswap.exchange
will not effect the rate of purchase and redemption at
app.islamicdigital.finance.
(f) If any IDF holders wants to convert his/her IDF
into FIAT the investor will need to go through the
KYC process established by the company.
(g) IDF Swap Contract is made in a way that the
Liquidity for redemption for IDF will always be
available in it. The company cannot withdraw
Ethereum from IDF Swap smart contract. Only the
investors can buy and sale his IDF through IDF
Swap Smart contract.
Procedure for Purchase of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also buy IDF from Centralized and
decentralized exchanges.
Procedure for Redemption of IDF
The simplest method is to use our IDF Swap App at
app.islamicdigital.finance. We recommend to use
Metamask.io with your computer for this purpose.
Investors can also Redeemed IDF from Centralized
and decentralized exchanges. But it will/can include
a heavy exchange fee on both centralized and
specially on a decentralized exchange where you
first need to approve the sell then you will need to
pay a very high exchange, liquidity providers, and
GAS fee to complete a transaction
JOB ALERT
Looking for 2 Front end developers.
Important skills to have-
- HTML/ HTML5
- jQuery
- JavaScript
-React/ React Native
Location: Remote
Ideal candidate would have a great design eye, problem solver and pixel perfect delivery. Must have experience on Github.
Contact: admin@islamicdigital.finance
ANNOUNCEMENT
There is no better day to Release the Whitepaper this day the day THE BITCOIN Whitepaper was Released
There is a lot of work to be done in This Whitepaper but everyone will get the feel what IDF is all About.
Please Check out the New website at https://islamicdigital.finance.
Well no, that was me being kind by giving you a chance to gracefully and professionally admit you made error in composing your proposal. It was much better than what will come next. But it seems you prefer to proceed by attacking personally. I'm bored playjng words with you, so let's proceed straightforward with the issue:
I am sure you understand what I tried to point out, which mistake you made, and how could it be a mistake. Whoever follows and read this thread can. If you still can't, then it speaks a lot about your project. People need to take note on this.
It was a small issue, really, but it became rather crucial because that was an opening to the main issue: staking. Right next to it, you state that you discourage staking, where your project itself is a staking activity. I'll give you another chance, with all the facts that I've pointed out, explain how does your project different than a staking program?
The obvious answer will be: no, there is no difference. Because your project itself is a staking program. It either shows how you contradict yourself or says that you have little to no effort to do a research for the field you're trying to offer. And how could someone offered a business with barely any knowledge about it? Well, that's obviously because they didn't take it seriously because they know it won't last long enough to worth their time, in other word, they know it'll only last for a short period of time. i.e. scam is on the horizon.
Name 1 project? Really? Easy: Moozicore.
Now, as I already said the big word, it's time to add another topic for you to answer: team. You want to prove that you're not a scam project? Show me your team details. Taking up from where we left them, you conveniently missed how I asked you to reveal these "two PhD in finance."
You did not provide anything. You are just talking like a non serious person. and we are thinking now to deal with people like you we should hire a primary teacher.
and about "moozicore" we did not found anything like our project on this site https://tokensale.moozicore.com/ You are just promoting some of yours **** which we dont allow again.
If you again try to promote anything of yours in this thread we will report to the moderators.
I am sure you understand what I tried to point out, which mistake you made, and how could it be a mistake. Whoever follows and read this thread can. If you still can't, then it speaks a lot about your project. People need to take note on this.
It was a small issue, really, but it became rather crucial because that was an opening to the main issue: staking. Right next to it, you state that you discourage staking, where your project itself is a staking activity. I'll give you another chance, with all the facts that I've pointed out, explain how does your project different than a staking program?
The obvious answer will be: no, there is no difference. Because your project itself is a staking program. It either shows how you contradict yourself or says that you have little to no effort to do a research for the field you're trying to offer. And how could someone offered a business with barely any knowledge about it? Well, that's obviously because they didn't take it seriously because they know it won't last long enough to worth their time, in other word, they know it'll only last for a short period of time. i.e. scam is on the horizon.
Name 1 project? Really? Easy: Moozicore.
Now, as I already said the big word, it's time to add another topic for you to answer: team. You want to prove that you're not a scam project? Show me your team details. Taking up from where we left them, you conveniently missed how I asked you to reveal these "two PhD in finance."
You did not provide anything. You are just talking like a non serious person. and we are thinking now to deal with people like you we should hire a primary teacher.
and about "moozicore" we did not found anything like our project on this site https://tokensale.moozicore.com/ You are just promoting some of yours **** which we dont allow again.
If you again try to promote anything of yours in this thread we will report to the moderators.
And filing a lawsuit for case of default, whereas, the case of default itself can be considered as a risk faced by the lender, is not an effort? Here is a nice definition of effort by Cambridge dictionary.
At this point, I would suggest you to just admit you made a poor wordings for your proposal introduction as there still lots of pressing matters to be discussed.
I think you finally understood it and now it is just your ego which is trying hard to push it forward.
Read definition of cold staking. Here's a yet another nice one from Binance as well as from Stratis
There are several projects that "reward" their holder for simply holding their tokens in MEW, not necessarily on their native platform. Alongside with these project, there are several exchanges and wallets that offers same benefit; namely members only have to hold token on their wallet. Ironically, it seems that the definition that you offered to us was taken from Coinbase; which also offers same service. In fact, right below the text you quoted, they explain their cold staking procedure.
There are several projects that "reward" their holder for simply holding their tokens in MEW.
Name 1 Project please
At this point, I would suggest you to just admit you made a poor wordings for your proposal introduction as there still lots of pressing matters to be discussed.
I think you finally understood it and now it is just your ego which is trying hard to push it forward.
Read definition of cold staking. Here's a yet another nice one from Binance as well as from Stratis
There are several projects that "reward" their holder for simply holding their tokens in MEW, not necessarily on their native platform. Alongside with these project, there are several exchanges and wallets that offers same benefit; namely members only have to hold token on their wallet. Ironically, it seems that the definition that you offered to us was taken from Coinbase; which also offers same service. In fact, right below the text you quoted, they explain their cold staking procedure.
There are several projects that "reward" their holder for simply holding their tokens in MEW.
Name 1 Project please
1. What is the basis of your claim that lending activity is without effort and risk, while clearly they poses risk of loan default and have to take effort on seizing collateral on such case? If I may add, on the very least, they still have to do a background check on the borrower. That counts as an effort.
As we told you earlier that in case of default lender can invoke the law.. There are terms and condition which already been signed by the lending and borrowing party. For Example if you want to get a loan from bank will they gave it to you without any collateral?
and we want to ask you will you give your money to a beggar if he is promising you to will give your money after 1 year. You may give him as donation but not to get your money back with interest after some time.
2. What's the difference between your project and a staking program? If there's any, kindly give a breakdown. If there were none (i.e. they're the same) there is a conflict of interest that you offered a program that you strongly oppose.
This is what Staking means in Crypto please read carefully.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
While in case of IDF you dont need to be a Validator or stake your IDF on our website/Platform.
As we told you earlier that in case of default lender can invoke the law.. There are terms and condition which already been signed by the lending and borrowing party. For Example if you want to get a loan from bank will they gave it to you without any collateral?
and we want to ask you will you give your money to a beggar if he is promising you to will give your money after 1 year. You may give him as donation but not to get your money back with interest after some time.
2. What's the difference between your project and a staking program? If there's any, kindly give a breakdown. If there were none (i.e. they're the same) there is a conflict of interest that you offered a program that you strongly oppose.
This is what Staking means in Crypto please read carefully.
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
While in case of IDF you dont need to be a Validator or stake your IDF on our website/Platform.
Thank You for Your interest In our Project: necromastery
You can take it just as a name for a interest free Financial system. In every country there are banks who are offering Islamic banking. You can read more about it from here >https://en.wikipedia.org/wiki/Islamic_banking_and_finance
Whitepaper and the details of our team members will be released on our website on 1st January 2021 with IDF Investment Project. People will need to go through for KYC also for that particular project.
Thank You for Your interest In our Project: holydarkness
In regards to lenders, borrowers, and default, yes, lenders can take a lawsuit which would initiate law enforcement to seize the collaterals (if priorly agreed, otherwise, not). But these collateral will need time to be liquidated, not to mention bills occured to file the lawsuit. Bottomline: a risk. And above all, filing lawsuit and seizing collateral is definitely an effort. Thus, your claim that "owner of wealth" gets return without any effort is a true misconception. Either they poses a risk of loss by default, or taking a huge effort of lawsuit to cover the amount lent on collateral.
This is why we made IDF to discourage the interest based investments which includes lending, borrowing, staking and farming and it is clearly mentioned in the very first paragraph of About section above.
About Staking this exactly what we told you in our last reply to you that staking means that you are holding your coins in a third party wallet or you are running a node in case of IDF you can hold it in hardware wallet and still be able to receive distribution amount.
1. Price goes lower than ICO. This is a cutloss for them, they have to sell at a lower price, they suffered loss. How is this a peace of mind?
Can you please explain ho is that possible?
2. Price goes higher than ICO. With what exactly do you plan to perform buyback if you spent more amount of money to buy them than the total amount you earned?
Please read the Tokenomics Again. only 24000 IDF will be minted weekly. and company will buyback 200 ETH worth of IDF on every month. lets suppose if price of 1 IDF reached to 100 ETH and you have only 100 USD worth of IDF will you sell it to US or keep it in your wallet so you can receive 2 IDF on weekly?
in the end we would like to know how much and from where you studied so we will appoint a right person to answer your queries.
Regards
In regards to lenders, borrowers, and default, yes, lenders can take a lawsuit which would initiate law enforcement to seize the collaterals (if priorly agreed, otherwise, not). But these collateral will need time to be liquidated, not to mention bills occured to file the lawsuit. Bottomline: a risk. And above all, filing lawsuit and seizing collateral is definitely an effort. Thus, your claim that "owner of wealth" gets return without any effort is a true misconception. Either they poses a risk of loss by default, or taking a huge effort of lawsuit to cover the amount lent on collateral.
This is why we made IDF to discourage the interest based investments which includes lending, borrowing, staking and farming and it is clearly mentioned in the very first paragraph of About section above.
About Staking this exactly what we told you in our last reply to you that staking means that you are holding your coins in a third party wallet or you are running a node in case of IDF you can hold it in hardware wallet and still be able to receive distribution amount.
1. Price goes lower than ICO. This is a cutloss for them, they have to sell at a lower price, they suffered loss. How is this a peace of mind?
Can you please explain ho is that possible?
2. Price goes higher than ICO. With what exactly do you plan to perform buyback if you spent more amount of money to buy them than the total amount you earned?
Please read the Tokenomics Again. only 24000 IDF will be minted weekly. and company will buyback 200 ETH worth of IDF on every month. lets suppose if price of 1 IDF reached to 100 ETH and you have only 100 USD worth of IDF will you sell it to US or keep it in your wallet so you can receive 2 IDF on weekly?
in the end we would like to know how much and from where you studied so we will appoint a right person to answer your queries.
Regards
Thank You for Your interest In our Project: sukoyomi
We won't maintain the price it will be maintained by the public. If you can read above the total supply of IDF is 2400000 and maximum 24000 will be minted every week after sending 2 IDF to every holder of 100 USD worth of IDF remaining IDF will be on sale that week.
You may ask again if anything about our Finance you still didn't understand.
Regards
Initial price is 5 USD and that was until got listed on CMC, oh you love to smell money huh 
I wonder how you'll maintain the price after the sale end, you can't control people in the exchange.
I see 90% from supply will be distributed to the public, what kind of distribution? how much for sale?
I wonder how you'll maintain the price after the sale end, you can't control people in the exchange.I see 90% from supply will be distributed to the public, what kind of distribution? how much for sale?
We won't maintain the price it will be maintained by the public. If you can read above the total supply of IDF is 2400000 and maximum 24000 will be minted every week after sending 2 IDF to every holder of 100 USD worth of IDF remaining IDF will be on sale that week.
You may ask again if anything about our Finance you still didn't understand.
Regards
Thank You for Your interest In our Project: maria_nna
Please read the Benefits Above.
It is a little strange for me that company will buy back IDF at the market rate available on coinmarketcap and coingecko on 1st of every month. Don't understand why they will do it
Please read the Benefits Above.
Thank You for Your interest In our Project: holydarkness
In case of default there are laws that lenders can invoke. Banks Sieze Hundreds of properties on daily basis just because borrower has'nt able to pay back.
How is this different from staking?
In staking You stake your coins to other platforms or running a node. You can Hold IDF even on hardware wallet and will be eligible for distribution.
Let me get this straight, assuming that IDF price reached $10,000 one day, anybody owned 0.01IDF, which an equal to $100, will receive $20,000?
Yes that is 100 % Correct.
Also, for your point of buyback, where does the profit to perform buyback generated from? As far as I get, you didn't offer any products or services or anything that can generate team any spare fund to perform buyback, so with what will you pay the buyback?
Selling of IDF itself Generate Enough For the Company to buy back and Company will offer products in the near future. We have a Professional Team to Manage finance of our Company 2 of our members are phd in Finance we know what we are doing.
In case of default there are laws that lenders can invoke. Banks Sieze Hundreds of properties on daily basis just because borrower has'nt able to pay back.
How is this different from staking?
In staking You stake your coins to other platforms or running a node. You can Hold IDF even on hardware wallet and will be eligible for distribution.
Let me get this straight, assuming that IDF price reached $10,000 one day, anybody owned 0.01IDF, which an equal to $100, will receive $20,000?
Yes that is 100 % Correct.
Also, for your point of buyback, where does the profit to perform buyback generated from? As far as I get, you didn't offer any products or services or anything that can generate team any spare fund to perform buyback, so with what will you pay the buyback?
Selling of IDF itself Generate Enough For the Company to buy back and Company will offer products in the near future. We have a Professional Team to Manage finance of our Company 2 of our members are phd in Finance we know what we are doing.
Thank You for Your interest In our Project: domni , gob7i9ne
Although IDF is Totally a Different project and will not bound legally to any other project. but we needed to create a mechanism so when the 100 % of IDF will be in the hands of public and Company's account holds 0 IDF at that point distribution of IDF will stop. So we will launch a Product on 1st of January 2021 the amount we raised through the selling of IDF will be invested In the Stock market spot Trading and the dividends we will receive will be distributed to IDF holders.
Specific Types of contracts means that the projects offered by the Company won't involve any interest based income and holders of IDF will get more returns than they may get through staking or farming this make IDF Special.
What will be the Investment Project you have mentioned in your Roadmap?
Although IDF is Totally a Different project and will not bound legally to any other project. but we needed to create a mechanism so when the 100 % of IDF will be in the hands of public and Company's account holds 0 IDF at that point distribution of IDF will stop. So we will launch a Product on 1st of January 2021 the amount we raised through the selling of IDF will be invested In the Stock market spot Trading and the dividends we will receive will be distributed to IDF holders.
I read that your project will be based on specific types of contracts. Can you tell more about this types and what makes them so special?
Specific Types of contracts means that the projects offered by the Company won't involve any interest based income and holders of IDF will get more returns than they may get through staking or farming this make IDF Special.
[ANNOUNCEMENT] ISLAMIC DIGITAL FINANCE {Not Interested in Interest}
About:
[/color]Islamic digital finance system is first of its kind in Decentralized Economy that is truly interest free financial solution for everyone. It made for the discouragement of interest based investments and will make truly interest free decentralized economy.
Islamic Digital Finance is based on core concepts of balance, which help ensure that the motives and objectives driving the finance industry are beneficial to society. in an interest based transaction, the owner of the wealth gets return without making any effort, and the borrower carries all the risk.
Islamic Digital finance products will be based on specific types of contracts. These contracts will support productive economic activities without betraying key principles.
Benefits:
[/color]1: The ERC-20 tokens which anybody is holding and not borrowing, lending, Staking, Farming or not putting in other kind of interest based system and just holding in his/hers wallet will generate income.
2: When more and more people will starts tokens in their wallets demand will increase in the market and holding their ERC20 supply will decrease and price of Tokens will multiply.
3: Holders of IDF will be saved from scammed projects who adds 100 % of their tokens with ETH on Decentralized Exchanges and then removes both ETH and their Tokens after some Tokens they managed to sell.
4: Most importantly holders of IDF will have peace of mind with their investment because company will buy back IDF at the market rate available on coinmarketcap.com and coingecko.com on 1st of every month.
How it will work:
[/color]Anybody holds 100 USD worth of any ERC-20 Token including Ethereum and 100 USD worth of IDF for 1 complete week from UTC 00:01 Monday to UTC 00:59 Sunday will receive 2 IDF in his/hers ETH wallet.
Price data of ERC-20 Tokens for the purpose of distribution of IDF will be taken from coimarketcap.com and coingecko.com on Sunday every week.
Initial price of 1 IDF will be 5 USD until it listed on coinmaketcap.com or coingecko.com. after listing IDF price data will also be collected from coin marketcap.com and coingecko.com.
2 IDF will be distributed every week to every wallet who holds the 100 USD worth of IDF and any ERC-20 no matter how high price will reach. As an example if ever 1 IDF reached to 10000 USD the holder of 0.01 IDF = 100 USD and 100 USD any ERC-20 will be eligible for the same distribution amount which is 2 IDF per week.
If anybody holds 10000 USD worth of any ERC-20 and 10000 USD worth of IDF will get 200 IDF in their ETH wallets.
Initial supply of IDF is 24000 more IDF will be minted as and if the demand increased.
the total supply of IDF is 2.4 Million. 90 % 2160000 distributed amongs the public remaining 10 % 240000 will be distributed to the Team.
Tokenomics:
[/color]Total supply: 2400000
Initially minted: 24000
24000 IDF will be minted on every Sunday till the supply reached to 90 %.
Holders of IDF and ERC-20 will get their rewards from the same on every Monday remaining will be available on Islamicdigital.finance.
Out of 24000 IDF minted on every week 140 IDF will be reserved for supply of 20 IDF daily on Uniswap just for the purpose of fulfilling the requirement for listing on coingecko.com and coinmarketcap.com
A buy back event will happen on the 1st of every month IDF as a company will buy IDF back using 200 ETH from Company’s Account from holders at the market rate available on coinmarketcap.com and coingecko.com.
Rules for IDF (As a Company) :
[/color]IDF will never be listed on any conventional exchange.
Although anyone can use decentralized exchange for trading of IDF but Only 20 IDF per day will be supplied to uniswap by the company. So, adding and removing liquidity and price of IDF will completely remain in the hands of Public.
Etherscan will be used by the company to check the balances of IDF holders for the distribution purpose.
Rules for public:
Do not use IDF on any gambling betting farming or staking website. any account found involved in these activities will be blacklisted for distribution of IDF and also buying IDF through company’s website islamicdigital.finance.Adding liquidity of IDF on Uniswap or any other dex for a single minute in complete week will remove your account from distribution on that week.
Exchanging of IDF on uniswap or any other dex will remove your account from that week’s distribution of IDF.
Every account needs to hold minimum 100 USD worth of IDF and 100 USD worth of any other ERC-20 for complete week to be eligible for 2 IDF at least.
Official Addresses of the company:
[/color]Website: islamicdigital.finance
[/color]Official ETH wallet address: Contract Deployment: Buy back, selling and distribution all the company’s official IDF related transactions will happen from this address: 0xc67ffc0e4c8faf08a311d43eb1b732a470c4b28e
IDF Contract Address: https://etherscan.io/address/0xfd3e7ccd8071a119c2393aec075bb1f5dcd54ee1
Official Twitter: https://twitter.com/FinanceIDF
Official discord: https://discord.gg/TUXYqa3
Official Medium: https://medium.com/@islamicdigital.finance
Official Telegram: https://t.me/IDFfinance