The firm is planning an ICO (initial coin offering) to support the development of its upcoming exchange and its pre-sale is already live, with about a month left, at time of writing.
How will VICE comply with the principles of Shariah law?
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What ADAB Solutions says
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.
ADAB Solutions is developing the FICE - First Islamic Crypto Exchange , based on the norms of Shariah. Creation of the cryptocurrency platform, exchange and services that are Shariah compliant and based on the principles of Islam.
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.
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.