ADAB Solutions is developing the FICE – First Islamic Crypto Exchange, based on the norms of Shariah. As a result, the implementation of the ADAB Solutions project will create a global infrastructure, that operates on the principles of Islamic finance, and the community that regulates the development of Islamic crypto-economics. ADAB Solutions will solve the problem of halal cryptocurrency transactions, providing access to the cryptocurrency market for the Muslim Ummah , which accounts for 22% of the world's population and manages Islamic financial assets with a projected volume of 3.8 trillion USD.
The development of the project will be based on the entrepreneurial efforts of the organizers and their work. According to the norms of Islamic ethics, it is right that the source of wealth is own labor inputs and the entrepreneurial efforts.
First Islamic Crypto Exchange will completely exclude the possibility of speculative transactions, margin trading and operations that do not correspond to Shariah. This will exclude the Gharar and Maisir and Riba from the work of the Exchange.
FICE platform able to handle 3 million requests per second, making FICE the one of the fastest crypto exchanges. Users of FICE will be guaranteed that their applications will never be suspended due to congestion of the platform.
Solving the main problems - 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.
Objectives and mission of the project - We solve the problem of aligning crypto assets with the high moral and cultural values of Islam by creating a global cryptocurrency platform for both Muslims and the world at large.
For the first time in the cryptocurrency market, ADAB SOLUTIONS will implement the Shariah Advisory Board within its structure creating a reliable platform for launching halal projects
Challenges for the Muslim world posed by the advent of blockchain and crypto currency technology
- There is no crypto exchange, functioning in accordance with Shariah law
The absence of a cryptocurrency platform that would be guaranteed to work in accordance with the norms of the Shariah, keeps a significant number of Muslim investors from entering the cryptocurrency markets. - The absence of a unified position of the Muslim community on the cryptocurrency
Creation of cryptocurrency platform of ADAB Solutions, First Islamic Crypto Exchange and introducing the Shariah Advisory Board will allow the formation of an interested community, which will formalize the work of cryptology based on Shariah norms in a systemic way - Uncertainty of Muslims regarding the admissibility of working with crypto-currencies
Ethical uncertainty of Muslims regarding the admissibility of work on the crypto market leads to distancing and, as a consequence, to non-involvement of almost a quarter of the world's population in the technologically innovative financial sector
In the world there are at least 50 million users of crypto currency, and among them only a small part is represented by 1.8 billion Muslims living on the planet.
Islamic finance is, in fact, a partnership between a client and a financial institution that promotes honest, transparent and reliable business relationships based on the culture, ethics and principles of Islam.
Blockchain technology is also based on ensuring honesty and transparency - a very necessary function for the modern world, but, unfortunately, the rapid development of the industry led to a paradox: the crypto-currency market attracted a huge number of fraudsters and instead of cleanliness and transparency, market participants got a deception and a shadow market.
Of course, on the other hand, talented and decent people received incredible opportunities to translate their ideas, and their efforts inspire further development of the market. This development was determined not only by regulation, accumulation of experience and the beginning of mass commercial use of the technologies being developed, but also by establishing high moral and ethical standards of doing business in this industry.
We solve the problems of the Muslim community, such as:
- ADAB Solutions will solve the problem of halal cryptocurrency operations
- ADAB Solutions will solve the problem of excessive risks of cryptocurrency systems
- ADAB Solutions will solve the problem of developing Islamic cryptocurrency infrastructure
- Absence of a crypto exchange, functioning in accordance with the norms of Shariah
- The lack of a unified position of the Muslim community regarding the cryptocurrency
- Uncertainty of Muslims regarding the admissibility of working with cryptocurrencies
- From the turnover of existing crypto exchanges, zakat is not paid.
- The problem of the cryptocurrency market:
- The extremely low involvement of Muslims in the cryptocurrency market
- Lack of community trust in the key tools of crypto economics
- Lack of a new markets and investors
The Adab Solutions project is aimed to a huge audience of 1.8 billion potential Muslim users of the cryptocurrency market.
Projectibility of the project. The Adab Solutions project is designed in accordance with the highest security standards and has unique technical features of key software solutions. The Adab Solutions project forms a system of values based on Shariah norms and principles of Islamic finance, which will become the basis for self-regulation of the cryptocurrency market and will increase the level of confidence in a key cryptocurrency instruments.
ICO Details
Name of the token ADAB
Total number of tokens – 500.000.000
The price of the token is 0.1 USD
Method of payment - BTC, ETH
Soft Cap – 2.500.000 $
Hard Cap -17.290.000 $
Start - 25.07.2018 year
The end is on 15.11.2018
Minimum volume of sales - 1000 ADAB
Links to the project:
Website: http://adabsolutions.com/paperpaper
Whitepaper: https://adabsolutions.com/pdf/WhitePaper_of_ADAB_Solutions.pdf
Facebook : https://www.facebook.com/adabsolutions
Twitter: https: // twitter.com/AdabSolutions
Telegram: https://t.me/adabannouncement
Reddit: https://www.reddit.com/r/adabsolutions
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