There are a huge number of cryptocurrencies currently(1737 as officially listed on coinmarket.com at the time of writing) with more coming up. These require exchanges to enable their liquidity as well as to allow potential users in any part of the world to be able to buy and own them.
In the past few years we have seen a lot of issues affecting such exchanges ranging from massive hacks to crackdowns by regulatory bodies etc. These call for a new generation of exchanges which are compliant with regulations as well reach out to the people they serve.
It is for this reason that Adab solutions has set out to create the first Shariah-compliant cryptocurrency exchange which will despite being an Islamic exchange still reach out to non-muslims.
ADAB SOLUTIONS AT A GLANCE
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Adab is developing the First Islamic Cryptocurrency Exchange(FICE) which has at its heart the norms of Shariah. It is imperative to note that due to the nature of islam which preaches and holds holiness in high esteem,certain cryptocurrencies and for that matter cryptocurrency exchanges are haram. This limits and prevents devout muslims from joining the cryptocurrency revolution.
FICE weeds out such projects which are linked with immoral activities such as gambling, porn, production of alcoholic beverages, tobacco products etc. Besides, all cryptocurrency trading activities which are non-compliant with shariah norms such as speculative deals, margin trading and many more are prevented from being part part of the ecosystem so as to hold the highest level of sanity in it.
FEATURES OF THE FICE
SHARIAH-COMPLIANT: As mentioned earlier, the FICE is shariah-compliant which makes it very unique. This is to ensure that a global infrastructure that has at its core Islamic finance is created. There is a Shariah Advisory Board which researches and ensures that the elements part of the exchange’s ecosystem are all compliant with shariah law thus promoting the development of Islamic crypto-economics.
HUGE AUDIENCE INCLUDING NON-MUSLIMS: Despite being built on shariah principles, this exchange is not limited to muslims only, although it targets the over 120 country countries part of the Islamic Ummah. Again, this is to ensure that Muslims with a very strict sense of esteem for Islamic virtues can have and trade cryptocurrencies at their doorstep.
A NEW MARKET ALTOGETHER
Whilst, applying and consolidating the norms of shariah as well as the principles of Islamic finance, a new market is created altogether. This market obviously will have the highest level of regulation to ensure the crypto instruments found within are up to standard.
HOW SHARIAH-COMPLIANCE IS ENSURED
Shariah Advisory Board: This is an independent body composed of experts in Islamic law and finance as well as experts in cryptocurrency joining hands to ensure that activities on the FICE are indeed shariah compliant.
Islamic management model: this will be done in accordance with the Islamic system of cooperate governance developed on the basis of the standards of the Accounting and Auditing Organization for Islamic Financial Institutions(AAOIFI) and the Islamic Financial Services Board (IFSB)
Charitable foundation(ADAB Charity): There will be the ADAB charity in which a 5% quarterly of net income and 2.5% of the annual net profit of the project goes into.
Independent certification: ADAB solutions will pass an independent certification of all regulatory and legal documents and procedures.
ADAB TOKENS
This is the native token of the FICE. It is a token with a deflationary economic model. Interestingly, the number of tokens is continuously decreasing as opposed to other projects whereby the tokens may increase in number as and when the developers want it. This feature of the ADAB token has the tendency to make it highly valuable.
It is also worth noting that the token serves as a means of payment of commissions on the FICE and by extension services on the platform.
WHY INVEST IN THE FICE?
If you are reading this, you definitely must invest in this project. If you need reasons to do so,then here are a few of them:
· This is the first Islamic cryptoplatform and come to think of it muslims are very good at business and once this platform is shariah-compliant,it will draw more muslims aboard and in a few years time,you will be glad you invested.
· There is a high potential for the growth of the value of the token given the fact that it has a deflationary economic model.
· If you are a muslim or even a non-muslim but wants to contribute to the multitrillion dollar Islamic financial system then this is your chance. Make it count!
TOKENSALE DETAILS
09.30.2018–11.23.2018
Technical limit for the emission of tokens 480 000 000*
Volume of sale of tokens up to 345 000 000
Soft Cap $ 2 500 000
Hard Cap $ 18 700 000
The amount of charges on closed and preliminary sales 5 610 000 $
Volumes of fees at the crowdsale 13 090 000 $
Price of the token in USD 0.1 $
Acceptable form of payment: ETH, BTC
Start date of closed pre-sale 15.07.2018
Closing date of close pre-sale 05.09.2018
Start date of public pre-sale 06.09.2018
End date of public pre-sale 29.09.2018
Start date of the crowdsale 30.09.2018
End date of the crowdsale 15.11.2018
Date of issue of the token 30.11.2018
Starting a smart contract 30.11.2018
Exchange listing 31.12.2018
The minimum volume of redemption of ADAB tokens 1000 ADAB
In conclusion, investing in ADAB solutions is the best decision you can make right now given the fact that the projected volume of daily trading on the First Islamic Crypto Exchange is $146 million and a monthly turnover of $4.4 billion during the first one and a half years of operation of the exchange in addition to its robust economic model to give you a good return on your investment
FOR MORE INFO:
Website: http://adabsolutions.com/
Whitepaper: https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
Telegram: https://t.me/Adabsolutions
Facebook: https://www.facebook.com/adabsolutions
Twitter: https://twitter.com/AdabSolutions
Medium: https://medium.com/@adabsolutions
Reddit: https://www.reddit.com/r/adabsolutions/
My Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=1376073
