ADAB - The First Islamic Crypto Exchange...

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. The projected volume of daily commercialism on the primary Muslim Crypto Exchange is $140 million and a monthly turnover of $4.2 billion throughout the primary one and a [*fr1] years of operation of the exchange. As a result, the implementation of the ADAB Solutions project can produce a worldwide infrastructure, that operates on the principles of Muslim finance, and therefore the community that regulates the event of Muslim crypto-economics. The Islamic economic model today is one of the most dynamic areas of the modern economy, which is actively moving beyond the Muslim countries.

They will consummate and pass Muslim knowledgeable assessment on compliance with shariah. They will organizes the sharia higher-up board underneath the primary Muslim crpto exchange. They will adhere to documents and procedures, ready on the substrate of a seroius analyis that regulates the corporate work with crypto assets in accordance with the norms of shariah. Their level of interest won’t exceeds that of law established by SAC. Paramountcy of investment during this platform. The main dominion of investment during this platform as a result of its can. First Islamic Crypto Exchange will completely exclude the possibility of speculative transactions, margin trading and Sharia-compatible transactions. This will delete Gharar and Maisir and Riba from Exchange work.

The FICE platform is capable of handling 3 million requests per second, making FICE one of the fastest cryptographic exchanges. FICE users will be guaranteed that their application will not be suspended due to platform restrictions. 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. Only Muslims will be part of the Council team; non-Muslims will not be part of the Council, even if they possess necessary knowledge in the areas of Shariah and Islamic Finance. A candidate applying for the Shariah Council will require relevant economic and/or legal education.

The absence of exchange of cryptography, operating according to the Sharia standard. Lack of integrated position of Islamic society in cryptoMuslim uncertainty about accepting cryptomedical work. From an existing cryptic exchange, zakat is not paid.Kriptocurrency Market Problems:. Very low involvement of Muslims in the Cryptomannan marketLack of keeping the demand of people for large economic cryptographic toolsLack of new markets and investors. Each OneGram cryptocurrency unit is backed by a minimum of a gram of physical gold keep in a very vault. the concept is to limit speculation.“Gold was among the primary kinds of cash in Muslim societies, thus this is often acceptable,” aforementioned Ibrahim prophet, the Briton UN agency based the firm with alternative investors last year.

ADAB Solutions aim to bring norms, which often are forgotten when money is involved, like humanity, courtesy and good manners back into the industry and create new ethical standards. Thus, on FICE there will be no projects related to gambling, usury, immoral services, production of alcoholic beverages and tobacco products, nor financial pyramid systems available. Tens of variant greenbacks value of the currency has been issued to date. regarding sixty p.c of the planned variety of coins remains to be sold; OneGram hopes to issue all before listing them on exchanges round thefinish of could.OneGram obtained a ruling that its cryptocurrency conforms with Muslim principles from Dubai-based Al Maali Consulting.It is one in all dozens of consultative companies round the world that supply their opinion on whether or not monetary instruments meet Islamic law standards.

ICO- details :

Symbol: ADAB
Token type: ETH (ERC20)
ICO Price: 1 ADAB = 0.1 USD
Min purchase: 100 USD
Total supply: 480.000.000 ADAB
Available supply: 345.000.000 ADAB
Soft cap: 2 500 000 USD
Hard cap: 18 700 000 USD
ICO Start date: 6th of September 2018