ADAB SOLUTIONS - The First Islamic Crypto Exchange Functioning in accordance with the principles of Islamic finance

brainerdpaul (-2)(1)in #ico • 6 years ago (edited)

The creation of cryptocurrencies has led to the introduction of so many exchanges in this present time. Though cryptocurrecies has high tendencies to increase in value than fiat money, majority of people are still skeptical to key into it because of some challenges that accompanies most crypto exchanges. This has in a way, led to the slow adoption of cryptocurrencies today.

Prospective investors are uncertain about the security of their funds, some who are new to exchanges struggle with its complexity and because of this, make a lot of mistakes because they are not provided any sort of guidance to use them. This can be discouraging especially to new comers. There as been a lot of issues affecting crypto exchanges ranging from massive hacks to crackdowns by regulatory bodies and so on. These call for a new generation of exchanges which are compliant with regulations as well reach out to the people they serve. And ADAB has developed 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.

CHALLENGES ADAB SEEK TO PROVIDE SOLUTIONS TO

Ethical uncertainty of Muslims regarding the admissibility of work on the crypto market leads to distancing, and as a result to non-involvement of the Muslim community in the technologically innovative financial sector, ADAB Solutions will solve this problem
The extremely low involvement of Muslims in the cryptocurrency market;
1.8 billion people and their capital are insufficiently involved into crypto-economy and this prevents the further growth of the market
Problems of the crypto market today
The ADAB Solutions project can become both a conduit for Muslim audiences to the crypto market, as well as a site for launching many halal projects

Insecurity:
Most cryptocurrency exchange are vulnerable to attacks, hacks, theft and fraudulent activities as cryptocurrencies become the mainstream. The attacks from various hacking groups beginning in 2011 and afterwards, have brought about so many security concerns.
In 2017, $266 million dollars was lost by exchanges and $731 million dollars was lost in the first half of 2018. There have been predictions by security experts of larger scale of attacks, hacks, fraud and thefts as more people embrace cryptpcurrency.

Inadequate supervision in the system and lack of good customer support:
Most exchanges lack supervision and compliance system that can protect them from suspicious activities that could affect them negatively whether during pre-trade and post-trade. There is no form of analysis that could protect them neither is there a customer service they can run to when they want help/support, are affected or have fallen victim to some malicious activities which do not ensure safety or give them confidence when trading.
Also, traders are not always opportune to get a committed 24/7/365 live chat in different languages. This is also a discouraging factor for investors.

Scalability Limitations:
The massive influx of new traders and investors entering the cryptosystem has brought about an increase in transactions on a daily basis which leads to a slow down in registration and transaction processes.

Market Manipulation:
So many unfair and volatile activities like spoofing, wash-trading, momentum ignition to pump and dump takes place in the crypto-market which arises as a result of lack of regulations in the system.

The community no longer trusts the key tools of the crypto market
The cryptocurrency market needs new values and new ethical standards of business management. The principles Shariah can serve as a high benchmark and a guarantee of honesty and security

SOLUTIONS PROVIDED BY ADAB

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 is 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.

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.

Mission

The mission of the ADAB Solution project is to create conditions and services based on high moral and cultural values and provide access to all users of the crypto economy.

The main task of the ADAB Solution is to create a structure that will create new ethical standards for doing business in the industry. ADAB - standards of behavior determined by sharia norms, including good behavior, courtesy, courtesy, humanity standards. ADAB Solution Name is a great responsibility for project creators.

THE UNIQUENESS OF ADAB

The first exchange compliant with the norms of Islam
Today, 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 norms

The 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 audience
Islamic 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 system
The 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 safety
The project is built on the highest security standards and unique technical software solutions in conjunction with safe and reliable jurisdictions.

Token Details

Token - ADAB
Platform - Ethereum
Type - ERC20
PreICO - price 1 ADAB = 0.1 USD
Price in ICO 1 ADAB = 0.1 USD
Tokens for sale 345,600,000
Min. investment - 100 USD
Accepting - ETH, BTC
Distributed in ICO - 72%
Soft cap - 2,500,000 USD
Hard cap - 18,700,000 USD

BONUS

Private sale: - 25%
Pre ICO: - 15%
ICO 1st week: - 12%
ICO 3nd week: - 7%
End of ICO: - 5%

Token Distribution

Why You Should Choose ADAB?

The first Islamic crypto platform.

Adab Solutions makes it possible to perform cryptocurrency transactions in accordance with the principles of Islamic finance on the basis of Shariah norms and we are the first company that solves this problem.

Development of new markets.

Adab Solutions - will attract millions of users who have not previously invested in crypto assets and this will benefit the entire crypto-economy that will increase with new participants, who previously just watched its development from the sidelines.

The lowest price for ICO.

The initially issued number of tokens is the maximum and the final. Further the number of tokens will decrease, and the price will rise.

High potential of growth of the value of token.

The expected growth in the client base and the volume of transactions on FICE is the direct driver of the price of the ADAB token, the only crypto currency, which can be used to pay for commission and services within the project.

Contribution to the development of the Islamic financial system.

By purchasing ADAB tokens now and participating in a project designed for a large community, you not only share with us the benefits of entering the new fast-growing market of Islamic crypto-economics, but also contribute to the development of a new areas of application of the Islamic financial system.

Ensuring compliance with the principles of Islamic finance

Islamic Management Model

ADAB Solutions will be managed in accordance with the requirements of the Islamic system of corporate governance developed on the basis of the standards of AAOIFI and IFSB.

Shariah Advisory Board

Compliance with the norms of Islam in FICE activities will be provided by an independent body comprising authoritative experts in the field of Islamic law and finance and experts in the field of the cryptocurrency market.

Charitable Foundation ADAB Charity

Quarterly, 5% of net income and 2.5% of the annual net profit of the project will form the basis of the Adab Charity fund and everyone can contribute to this fund.

Independent certification

Adab Solutions will pass an independent certification of all regulatory and legal documents and procedures.

Annual audit

Adab Solutions will carry out the annual audit for compliance with the principles of Islamic finance by independent and reputable companies.

RoadMap