The First Crypto Money Exchange

In this article, we are looking at the ADAB platform which aims to establish a b halal ”crypto stock exchange.

1. INTRODUCTION

Digital assets and crypto coins have been increasingly popular in recent years. In fact, the past is not a very long-lasting, although a rapidly growing sector of a growing moment in the world has turned the projection into this field. In January 2009, the first bitcoin transfer was carried out on a blockchain network, but none of us were aware of the incident. We couldn't predict the point in which we could come in such a short time. Although it has been following a group of technology-loving minority groups since then, it has become more popular to spread to a wider base.
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As of 2016, with the emergence of new projects that were built on different projects such as Ethereum besides Bitcoin, many crypto coins were produced with different names. ICOs started to mark this period. After 2016, many new projects including bitcoin and crypto coins were able to attract the attention of investors all over the world in such a way that their value could be expressed in 10 layers. 2017 was a complete boom in ICOs. At the beginning of 2018, bitcoin saw $ 20,000 with a record of all time, while Ethereum came to $ 1300 from $ 10 in a year.
This crazy growth led people to view the crypto world as an investment tool and direct their assets to this sector. Thus, a market with a market value of about $ 700 billion has emerged. In addition, the supply-demand balance that is valid in every age in economics has also emerged here, and the increasing demand has brought together about 1,500 different crypto money projects.
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Although the core of the system, such as blockchain technology, transparency, fraudulent structure, credibility, and the majority of investors are interested in profit rates, we probably do not misunderstood. However, in this sector, financial mobilities that do not serve speculative and illegal areas exceeding ethical principles are not experienced. For example, some projects deal with officially porn-based projects, projects that serve the gambling industry, ICOs that promise to be a pay tool for betting games, cryptocurrency coins, which are used as a means of payment.
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2. WHAT IS PROBLEMS?

Today there are more than 250 crypto money exchanges and are used by investors. However, there is not a crypto money exchange or investment vehicle suitable for the beliefs and sensitivities of the 1.8 billion Muslim population spread in 120 countries and their 2 trillion dollar financial assets. Specifically, the Islamic financial potential of this scale cannot be transferred to the crypto-money world because of the speculative movements in the stock exchanges and the inclusion of the projects that serve the illegal areas without being sorted out. Most Muslims, especially gambling, drinks, drugs, interest and speculative financial transactions are against the Islamic and Shari'a rules, so many Muslims are avoiding investment.
General problems are;
• Lack of crypto currency exchanges compatible with Sharia rules. 
• The lack of ethical and Islamic sensitivities due to the absence of a Muslim community's presence in the crypto-money sector. 
• Uneasiness in the Muslim world due to the uncertainty about whether or not the crypto money transaction is in accordance with Islamic rules. 
• No zakat from the income of the existing crypto money exchanges. Although one of the basic pillars of Islam is zakat, it is not yet taken into consideration. 
• The irrelevance of the Islamic world to the sector consisting of approximately 1.8 billion people. 
• Insecurity in the crypto money sector due to lack of attention to principles such as security, transparency and honesty.
• The lack of financial mobility due to the new market and the failure of new investors to come to the sector.
The ADAB Project, which has emerged as a solution to all these issues, aims at attracting the attention of the Islamic world and its investors with a platform designed in accordance with the rules of the Shari'a.
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3. WHAT IS THE SOLUTIONS? WHICH SOLUTIONS OFFER?

ADAB Solutions is the world's first Islamic crypto money exchange, based on UAE, promising to offer ethical and halal earnings based on Islamic rules, Qur'an and Sunnah.
The Islamic world stands apart from the crypto money world for the reasons we have mentioned above and has a great potential. The Islamic financial sector is growing at around 12% per annum and has a $ 2 trillion asset. This figure is expected to reach $ 3.78 trillion in 2022. Islamic crypto investments will grow by 270% on an annual basis. In global crypto markets, the monthly trading volume is $ 600 billion and the monthly earnings of the exchanges is around $ 2 billion. Islamic crypto assets are below $ 1 billion and the potential is estimated at $ 15 billion.
The main purpose of the ADAB Project is to establish the at World's First Islamic Crypto Exchange kur FICE-First Islamic Crypto Exchange in accordance with Shariah rules. This will be done through the Sharia Advisory Board, which will be established within its own structure.
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Advisory Board

A ”Shariah Advisory Board“ will be established by FICE. Only Muslims can take part in this board. The reason for this is the formation of a delegation capable of applying Sharia rules.
In order to be able to provide solutions to financial problems, those who will be members of this committee should have an economic and financial education.
Board members must know Arabic. The reason for this is that the system will operate in accordance with the rules of Shariah and Islam, so that it can examine Quran, Sunnah and Islamic sources.
Finally, board members should have experience in the Islamic finance sector.

Aims and Functions of the Project

• All work and transactions within FICE will be fully in accordance with Islamic rules and will operate within the framework of Sharia. Within this scope, all audits and problems will be solved by the “Sharia Advisory Board Bu. 
• All moral and cultural values ​​of the Islamic religion will be prioritized in crypto processes. 
• It will not only address the Islamic world, but also an alternative to the unethical system in the sector. 
• Projects that serve sectors such as gambling, usury, interest, non-moral areas, alcohol and tobacco products will not be traded under FICE. 
• No speculative margin transactions involving investment risk will be allowed. ADAB will prevent such transactions.
• In order to establish social peace and social justice in accordance with Islam, ADAB will deliver 5% of net income and 2.5% of annual net income to ADAR Charity in every quarter of the year. 
• The project is structured within the framework of the UAE due to its investments and financial opportunities. In addition, there will be additional legal support in Switzerland.
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Technical Details of the Project

• FICE will be one of the fastest crypto exchanges with its technical infrastructure supporting up to 3,000,000 applications per second. The basic features of all other exchanges will be found.
• Unlimited shooting will be supported.
• All projects in accordance with the Islamic rules approved by the board, especially BTC and ETH, will be on the platform.
• Web, Android, IOS and Mobile HTML5 Client support will be available.
• Arabic, English, Russian, Chinese, Malaysian and Indonesian languages ​​will be supported.
• A fee of 0.05% to 0.2% per transfer will be charged.
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4.ADAB ICO PROCESS AND TOKEN ECONOMICS

A total of 480,000,000 ADAB token will be produced. 345,000,000 ADAB token will be available. The soft cap is USD 2,500,000 and the hard cap is set at 18,700,000 USD. 1 ADAB = 0.1 USD. Those who want to invest will be able to purchase using ETH and BTC.
There will be publicly available Pre-Sale between 18.10.2018-08.11.2018.
There will be a public ICO sales process between 18.11.2018-28.12.2018.
55% to 85% bonus token will be given to investors according to their investment period.
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5.TAKIM

The team is composed of a team with international financial experience. The team members have more than 16 years of experience in the Islamic finance industry and have more than 18 years of financial careers. In the crypto projects field they have been interested for more than 18 years. Looking at the technical report in detail, their careers and experience support the project.
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It is not an investment recommendation.
You can check the links below for more information:

Author by: thomas_sugiarto

https://bitcointalk.org/index.php?action=profile;u=1350842

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