Islamiccoin's relationship with Evergreen DAO
IslamicCoin (ISLM) and the Evergreen DAO have a close and symbiotic relationship. The Evergreen DAO is a non-profit organization that is responsible for overseeing the development and growth of the IslamicCoin ecosystem. It is also responsible for managing the ISLM treasury, which is used to fund various initiatives that benefit the Muslim community.
One of the key ways in which the Evergreen DAO supports IslamicCoin is by receiving 10% of all newly minted ISLM coins. This allocation is used to fund a variety of projects, such as:
Providing financial assistance to Muslim-owned businesses
Investing in Islamic fintech initiatives
Supporting Islamic educational programs
Funding charitable projects that benefit the Muslim community
The Evergreen DAO also plays an important role in governing the IslamicCoin ecosystem. It does this by:
Voting on proposed changes to the IslamicCoin protocol
Electing members of the IslamicCoin Foundation
Providing feedback to the IslamicCoin development team
