ADAB Solutions will create the world’s first Islamic crypto exchange

kingcobrabro (25)in #blockchain • 6 years ago

The ADAB Solutions project is developing the FICE - First Islamic Crypto Exchange, based on the Shariah norms. The purpose of the ADAB Solutions project is the creation of a cryptocurrency platform, exchange and services that comply with the norms of the Sharia and operate on the principles of Islam

What is the First Islamic Crypto Exchange?

FICE – 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.At FICE there will be no projects related to any of the following:GamblingUsuryImmoral ServiceProduction of Alcoholic beverages and tobacco productFinancial pyramidsAt 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 theappearance of low-quality assets on the exchange.

THE UNIQUENESS OF ADAB SOLUTIONS

The first exchange compliant with the norms of IslamToday, 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 normsThe 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 audienceIslamic 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 systemThe 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 safetyThe project is built on the highest security standards and unique technical software solutions in conjunction with safe and reliable jurisdictions.

ADAB TOKENS

This is the local token of the FICE. It is a token with a deflationary financial model. Curiously, the quantity of tokens is perpetually diminishing rather than different activities whereby the tokens may increment in number as and when the designers need it. This element of the ADAB token inclines to make it profoundly paramount.
It is adscititiously consequential that the token fills in as a methods for installment of commissions on the FICE and by expansion benefits on the stage.

Details of ICO
ADAB sign name
Total number of tokens – 500,000,000
The token price is 0.1 USD
Payment method – BTC, ETH
Soft Cap – 2,500,000 $
Hard Cap -17.290.000 $
Start – 25.07.2018 years
Finally on 15.11.2018
Minimum sales volume – 1000 ADAB
Road Map
Step 1

Beginning of the study of the cryptocurrency market in the Islamic community.

Terms: June 2017- September 2017.

Step 2

]Formation of goals and objectives to solve the problem of access of Muslim populationto the cryptocurrency market.

Terms: September 2017 – November 2017.

Step 3

The development of the philosophy and mechanics of the exchange, based on the principles ofthe Islamic financial model.

Terms: December 2017 – May 2018.

Step 4

ICO to finance and promote the Islamic cryptocurrency exchange.

Terms: September 2018 – November 2018.

Step 5

Development of the program mechanism of the First Islamic Crypto Exchange.

Terms: July 2018 – September 2018.

Step 6

Registration of the First Islamic Crypto Exchange. Start of work on AdabCrypto (News Portal & Forum) and Adab Charity.

Terms: October 2018 – December 2018.

Step 7

Alfa release of the First Islamic Crypto Exchange, functionality and security check.

Terms: December 2018 – February 2019.

Step 8

Launch a large-scale marketing campaign, in order to attract new users on a large scale.

Terms: December 2018 – December 2019.

Step 9

Beta release of the Islamic Exchange First Islamic Crypto Exchange with the support of cross-platform trading clients.

Terms: April 2019.

Step 10

Official launch of the First Islamic Crypto Exchange.

Terms: July 2019.

Step 11

Expansion of the functional content of the First Islamic Crypto Exchange.

Terms: June 2019 – December 2019.

Step 12

Run Adab Charity.Terms: August 2019.Step 13ormation, on the bases of ADAB Solutions platform and First Islamic Crypto Exchange, of a reliable and developed infrastructure based on the principles of Islamic finance.

Terms: December 2019 – July 2020

THE PROJECT TEAM
Timur Turzhan: CEO, Founder

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