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Global Finance: HAQQ and Infinite8FZE Join Forces in Deeptech Partnership
In yet another partnership move, HAQQ has announced its strategic collaboration with Infinite8FZE, the trailblazing deep tech innovators based in the MENA region.
This powerful partnership is poised to:
> Unite Ethical Finance with Cutting-Edge Deeptech Expertise: HAQQ, a trailblazer in ethical finance, is teaming up with Infinite8FZE, a pioneer in AI, metaverse, web3, blockchain gaming, and AR/VR/MR technologies. This union promises to revolutionize the intersection of finance and technology.
> Pioneering the Future of Global Finance: Both HAQQ and Infinite8FZE share a vision for reshaping the landscape of global finance. With a seamless alignment of values and goals, this collaboration seeks to set new standards in the industry.
> A Future Where Finance and Technology Thrive in Harmony: The ultimate objective of this collaboration is to harmonize ethical finance principles with the forefront of deeptech advancements. Together, HAQQ and Infinite8FZE are steering towards a future where technology and finance not only coexist, but flourish. This endeavor is set to drive unprecedented transparency and foster a scaling innovation.
This exciting venture marks a pivotal moment in the evolution of global finance. HAQQ and Infinite8FZE are not only bridging the gap between ethical finance and deeptech, but they are also pioneering a future where innovation knows no bounds. Stay tuned for what promises to be a game-changing journey towards a more transparent and technologically advanced financial landscape. #HAQQ #Infinite8FZE #Binance #Layer2 #bullish
In yet another partnership move, HAQQ has announced its strategic collaboration with Infinite8FZE, the trailblazing deep tech innovators based in the MENA region.
This powerful partnership is poised to:
> Unite Ethical Finance with Cutting-Edge Deeptech Expertise: HAQQ, a trailblazer in ethical finance, is teaming up with Infinite8FZE, a pioneer in AI, metaverse, web3, blockchain gaming, and AR/VR/MR technologies. This union promises to revolutionize the intersection of finance and technology.
> Pioneering the Future of Global Finance: Both HAQQ and Infinite8FZE share a vision for reshaping the landscape of global finance. With a seamless alignment of values and goals, this collaboration seeks to set new standards in the industry.
> A Future Where Finance and Technology Thrive in Harmony: The ultimate objective of this collaboration is to harmonize ethical finance principles with the forefront of deeptech advancements. Together, HAQQ and Infinite8FZE are steering towards a future where technology and finance not only coexist, but flourish. This endeavor is set to drive unprecedented transparency and foster a scaling innovation.
This exciting venture marks a pivotal moment in the evolution of global finance. HAQQ and Infinite8FZE are not only bridging the gap between ethical finance and deeptech, but they are also pioneering a future where innovation knows no bounds. Stay tuned for what promises to be a game-changing journey towards a more transparent and technologically advanced financial landscape. #HAQQ #Infinite8FZE #Binance #Layer2 #bullish
🌙#IslamicCoin Community, your opinions matter!🌟
As part of our ongoing efforts to align with Islamic values and better serve our community, we invite you to share your thoughts and ideas. Take our community survey to help us develop in harmony with our Islamic principles.
Dear community, we strive for purity in bringing the principles of Islamic finance to the web3 space and each of your opinions will be considered by the team. We are backed by your strong support, which is also backed by $400 million in #investments , some of which you can count on by participating in the project's activities. Do not pass by and take part in the development of a powerful Muslim project
Your feedback is invaluable. It's a step towards improving our community's experience while ensuring we stay true to our faith and values.
Islamic Coin and #HAQQ Team💚
👉Form for accepting applications in the comments ⏬
#BinanceWish #Crypto2023
$SEI $MOVR $SOL
As part of our ongoing efforts to align with Islamic values and better serve our community, we invite you to share your thoughts and ideas. Take our community survey to help us develop in harmony with our Islamic principles.
Dear community, we strive for purity in bringing the principles of Islamic finance to the web3 space and each of your opinions will be considered by the team. We are backed by your strong support, which is also backed by $400 million in #investments , some of which you can count on by participating in the project's activities. Do not pass by and take part in the development of a powerful Muslim project
Your feedback is invaluable. It's a step towards improving our community's experience while ensuring we stay true to our faith and values.
Islamic Coin and #HAQQ Team💚
👉Form for accepting applications in the comments ⏬
#BinanceWish #Crypto2023
$SEI $MOVR $SOL
Glad to announce the seamless transfer of #USDC across Ethereum Mainnet, #HAQQ , and more than 50 other chains through Axelar Satellite. Our dedication revolves around harmonizing Shariah-compliant principles with state-of-the-art technology, aiming to create a fair and sustainable financial system. Axelar, our esteemed partner, facilitates secure cross-chain communication for #Web3🤝🥊🌐 , effortlessly linking dApp users to assets and applications on various chains with just one click.
Axelar's robust infrastructure establishes connections with 50+ blockchains, encompassing #Cosmos and EVM, accommodating diverse consensus methods. The significance of stablecoins like USDC in DeFi ecosystems cannot be overstated, boasting a market cap exceeding $24 billion. These stablecoins provide stability amid crypto market volatility, ensuring consistent trade, lending, and borrowing practices. Now, users within the HAQQ ecosystem can effortlessly navigate USDC across HAQQ and other chains supported by Axelar, potentially bolstering liquidity and advancing Shariah-compliant #DeFis use-cases.
Intriguingly, we're actively exploring the integration of Sharia-compliant gold-backed tokens. These tokens adhere to Islamic financial principles, presenting a stable and ethical investment option. By seamlessly integrating with Axelar, our goal is to enhance the accessibility of these gold-backed tokens, facilitating smoother cross-chain transactions and fostering broader DeFi adoption. This initiative paves the way for users seeking financial services in adherence to Sharia law, combining the stability of gold with the innovative prospects of decentralized finance.
In summary, our collaboration with Axelar empowers users to move USDC effortlessly across chains, thereby deepening liquidity within the HAQQ ecosystem. Additionally, our exploration of Sharia-compliant gold-backed tokens holds the promise of introducing ethical investment options and expanding DeFi opportunities for users following Sharia principles.
$ETH $USDC
Axelar's robust infrastructure establishes connections with 50+ blockchains, encompassing #Cosmos and EVM, accommodating diverse consensus methods. The significance of stablecoins like USDC in DeFi ecosystems cannot be overstated, boasting a market cap exceeding $24 billion. These stablecoins provide stability amid crypto market volatility, ensuring consistent trade, lending, and borrowing practices. Now, users within the HAQQ ecosystem can effortlessly navigate USDC across HAQQ and other chains supported by Axelar, potentially bolstering liquidity and advancing Shariah-compliant #DeFis use-cases.
Intriguingly, we're actively exploring the integration of Sharia-compliant gold-backed tokens. These tokens adhere to Islamic financial principles, presenting a stable and ethical investment option. By seamlessly integrating with Axelar, our goal is to enhance the accessibility of these gold-backed tokens, facilitating smoother cross-chain transactions and fostering broader DeFi adoption. This initiative paves the way for users seeking financial services in adherence to Sharia law, combining the stability of gold with the innovative prospects of decentralized finance.
In summary, our collaboration with Axelar empowers users to move USDC effortlessly across chains, thereby deepening liquidity within the HAQQ ecosystem. Additionally, our exploration of Sharia-compliant gold-backed tokens holds the promise of introducing ethical investment options and expanding DeFi opportunities for users following Sharia principles.
$ETH $USDC
🌙 $ISLM: Binance Square Announcement 🌐
Exciting News! Explore the world of Halal finance with $ISLM on Binance Square. 🚀
✅ No Riba, No Interest
💼 Trade-centric wealth creation
🤝 #HAQQ network & Proof-of-Stake
Join us for an innovative and ethical financial journey. Follow for updates and be part of the #IslamicCoin community! 🌐🌙 #BTC #ISLM5000 #BinanceSquare #etf $BTC $ETH $SOL
Exciting News! Explore the world of Halal finance with $ISLM on Binance Square. 🚀
✅ No Riba, No Interest
💼 Trade-centric wealth creation
🤝 #HAQQ network & Proof-of-Stake
Join us for an innovative and ethical financial journey. Follow for updates and be part of the #IslamicCoin community! 🌐🌙 #BTC #ISLM5000 #BinanceSquare #etf $BTC $ETH $SOL
#IslamicCoin , the currency of #HAQQ , a platform for creating a Shariah-compliant financial ecosystem, has entered into an agreement with #CoinDesk Indices. The cooperation is aimed at creating cryptocurrency indices for the Middle East and North Africa.
It will also allow CoinDesk Indices to be used in financial products. HAQQ will have access to the CoinDesk Indices API for its own digital exchange.
This collaboration promises to transform Shariah digital financial services in the context of a growing Islamic finance market projected to be worth over $3.69 trillion by 2024.
Mohammed AlKaff AlHashmi, founder of Islamic Coin, expressed enthusiasm: "This collaboration is shaping the landscape of Shariah digital financial services."
This initiative will facilitate the growth of blockchain financial services in the world of Islamic finance and supports the goals of financial inclusion in the region.
This collaboration between Islamic Coin and CoinDesk Indices has the potential to be a catalyst for the development of the decentralized Web3 in the region. It paves the way for the implementation of Shariah principles in digital assets and financial services, which could go a long way in supporting the adoption of blockchain technologies and cryptocurrencies in the Islamic financial sector.
Also, the development of Shariah-compliant cryptocurrency indices initiates the creation of new markets for trading and investment. This can increase liquidity and activity in the markets in the region and promote the development of cryptocurrency infrastructures.
#cryptoshark #Crypto2023
It will also allow CoinDesk Indices to be used in financial products. HAQQ will have access to the CoinDesk Indices API for its own digital exchange.
This collaboration promises to transform Shariah digital financial services in the context of a growing Islamic finance market projected to be worth over $3.69 trillion by 2024.
Mohammed AlKaff AlHashmi, founder of Islamic Coin, expressed enthusiasm: "This collaboration is shaping the landscape of Shariah digital financial services."
This initiative will facilitate the growth of blockchain financial services in the world of Islamic finance and supports the goals of financial inclusion in the region.
This collaboration between Islamic Coin and CoinDesk Indices has the potential to be a catalyst for the development of the decentralized Web3 in the region. It paves the way for the implementation of Shariah principles in digital assets and financial services, which could go a long way in supporting the adoption of blockchain technologies and cryptocurrencies in the Islamic financial sector.
Also, the development of Shariah-compliant cryptocurrency indices initiates the creation of new markets for trading and investment. This can increase liquidity and activity in the markets in the region and promote the development of cryptocurrency infrastructures.
#cryptoshark #Crypto2023
Let's look at the HAQQ network Ecosystem landscape
#HAQQ Ecosystem Update.
Haqq and Islamic Coin mission is to build an ethics-first, inclusive financial system, and we are thrilled by how much our tribe has grown.
From wallets to infrastructure and payment platforms, a sneak peek into what the partners/builders are cooking for our users.
✅Infrastructure:
🔷Back9 make it easy for leisure facilities to sell online, manage inventory and control rates through a modern.
🔷@tatum_io is the fastest way to build, test and run blockchain apps.
🔷@immunefi Review code. Prevent hacks. Build rep. Get paid.
🔷@P2Pvalidator P2P helps investors compound their cryptocurrency investments through non-custodial Staking with insurance and high-performance PoS Nodes with top-of-the-line infrastructure.
🔷@nefta_io access market leading tools for game development, publishing, and scaling.
🔷@gmo_coin GMO Coin, one of the oldest and largest crypto exchanges in, is set to become a HAQQ validator. HAQQ benefits in increased network security. GMO Coin can expand its presence in the ethical finance economy
✅Wallets:
🔷@safe – Previously Gnosis Safe – Crypto wallet, web3 account abstraction developer stack.
🔷@KeystoneWallet - The only hardware wallet integrated with MetaMask mobile.
DeFi:
🔷@SushiSwap an open, decentralized bridge that unlocks the power of interoperability & liquidity between blockchain ecosystems.
🔷@HaqqPad, the launchpad for ethical projects and startups. A vital part of the HAQQ ecosystem, HaqqPad will be the platform for innovative crypto projects to launch, grow and positively impact their communities.
✅Bridge:
🔷@axelarcore supports logic to automate complex interchain tasks, such as connecting new chains or managing interchain dApp deployments.
🔷@gravity_bridge an open, decentralized bridge that unlocks the power of interoperability & liquidity between blockchain ecosystems
✅Service:
🔷@HolidaySwapApp is the most affordable travel platform that allows you to book, host or swap homes anywhere in the world.
🔷@Thea helps both individuals and businesses manage and calculate carbon footprints. Eco-friendliness is a core aspect of HAQQ's ethics-first approach, and we are thrilled to have Thea build with us.
✅Institutional:
🔷DDCAP Group is a market intermediary and financial technology solutions provider connecting the global Islamic financial market.
🔷FAMBRAS HALAL - Сertifies Halal products in Latin America, following international standards.
✅Payments:
🔷@pyypl is a non-bank digital app that gives everyone access to the financial system through a smartphone.
#IslamicCoin #Binance #Ethereum #BTC
Haqq and Islamic Coin mission is to build an ethics-first, inclusive financial system, and we are thrilled by how much our tribe has grown.
From wallets to infrastructure and payment platforms, a sneak peek into what the partners/builders are cooking for our users.
✅Infrastructure:
🔷Back9 make it easy for leisure facilities to sell online, manage inventory and control rates through a modern.
🔷@tatum_io is the fastest way to build, test and run blockchain apps.
🔷@immunefi Review code. Prevent hacks. Build rep. Get paid.
🔷@P2Pvalidator P2P helps investors compound their cryptocurrency investments through non-custodial Staking with insurance and high-performance PoS Nodes with top-of-the-line infrastructure.
🔷@nefta_io access market leading tools for game development, publishing, and scaling.
🔷@gmo_coin GMO Coin, one of the oldest and largest crypto exchanges in, is set to become a HAQQ validator. HAQQ benefits in increased network security. GMO Coin can expand its presence in the ethical finance economy
✅Wallets:
🔷@safe – Previously Gnosis Safe – Crypto wallet, web3 account abstraction developer stack.
🔷@KeystoneWallet - The only hardware wallet integrated with MetaMask mobile.
DeFi:
🔷@SushiSwap an open, decentralized bridge that unlocks the power of interoperability & liquidity between blockchain ecosystems.
🔷@HaqqPad, the launchpad for ethical projects and startups. A vital part of the HAQQ ecosystem, HaqqPad will be the platform for innovative crypto projects to launch, grow and positively impact their communities.
✅Bridge:
🔷@axelarcore supports logic to automate complex interchain tasks, such as connecting new chains or managing interchain dApp deployments.
🔷@gravity_bridge an open, decentralized bridge that unlocks the power of interoperability & liquidity between blockchain ecosystems
✅Service:
🔷@HolidaySwapApp is the most affordable travel platform that allows you to book, host or swap homes anywhere in the world.
🔷@Thea helps both individuals and businesses manage and calculate carbon footprints. Eco-friendliness is a core aspect of HAQQ's ethics-first approach, and we are thrilled to have Thea build with us.
✅Institutional:
🔷DDCAP Group is a market intermediary and financial technology solutions provider connecting the global Islamic financial market.
🔷FAMBRAS HALAL - Сertifies Halal products in Latin America, following international standards.
✅Payments:
🔷@pyypl is a non-bank digital app that gives everyone access to the financial system through a smartphone.
#IslamicCoin #Binance #Ethereum #BTC
In the rapidly evolving world of finance, where digital currencies and blockchain technology are becoming the new norm, there's a groundbreaking initiative that seeks to merge finance and faith seamlessly. This initiative is known as #IslamicCoin , and it has the potential to revolutionize Islamic finance as we know it.
Traditional Finance vs. Islamic Finance
Traditional finance has long served as the backbone of the global economy, offering various financial services such as savings, loans, and investment opportunities. However, for the Muslim community, accessing these services has often been challenging due to the inclusion of interest (usury), which is forbidden in Islam.
Islamic finance emerged as a viable alternative to traditional finance, built on the principles of fairness, transparency, and ethical conduct. It offers a way for Muslims to engage in financial activities that align with their beliefs and values.
The primary goal of Islamic Coin is to give Muslim users access to halal assets, aligning with Islamic financial principles. The #HAQQ Network oversees the blockchain, prioritizing ethical and transparent financial transactions. The Shariah Board of Haqq serves as the custodian of Islamic Coin, ensuring its compliance with Sharia principles.
Innovative Features of Islamic Coin
One of the unique features of Islamic Coin is its Sharia oracle algorithm, which whitelists all halal smart contracts. This algorithm enhances user security, providing peace of mind to investors. Moreover, a percentage of all issued Islamic Coins automatically goes into an #evergreenDAO , which supports ESG ventures and non-profit organizations.
Conclusion
Islamic Coin represents a revolutionary bridge between Islamic values and modern finance. As we continue to embrace the digital age, innovations like Islamic Coin demonstrate that financial inclusivity and ethics can go hand in hand. This project deserves our attention and support as it has the potential to reshape the landscape of Islamic finance in the digital era.
Traditional Finance vs. Islamic Finance
Traditional finance has long served as the backbone of the global economy, offering various financial services such as savings, loans, and investment opportunities. However, for the Muslim community, accessing these services has often been challenging due to the inclusion of interest (usury), which is forbidden in Islam.
Islamic finance emerged as a viable alternative to traditional finance, built on the principles of fairness, transparency, and ethical conduct. It offers a way for Muslims to engage in financial activities that align with their beliefs and values.
The primary goal of Islamic Coin is to give Muslim users access to halal assets, aligning with Islamic financial principles. The #HAQQ Network oversees the blockchain, prioritizing ethical and transparent financial transactions. The Shariah Board of Haqq serves as the custodian of Islamic Coin, ensuring its compliance with Sharia principles.
Innovative Features of Islamic Coin
One of the unique features of Islamic Coin is its Sharia oracle algorithm, which whitelists all halal smart contracts. This algorithm enhances user security, providing peace of mind to investors. Moreover, a percentage of all issued Islamic Coins automatically goes into an #evergreenDAO , which supports ESG ventures and non-profit organizations.
Conclusion
Islamic Coin represents a revolutionary bridge between Islamic values and modern finance. As we continue to embrace the digital age, innovations like Islamic Coin demonstrate that financial inclusivity and ethics can go hand in hand. This project deserves our attention and support as it has the potential to reshape the landscape of Islamic finance in the digital era.
Hey fellow blockchain enthusiasts! I recently came across the HAQQ Explorer, and I've got to say, it's a game-changer for anyone interested in the world of blockchain. 🚀
What's HAQQ Explorer, you ask? Well, it's like the Google of blockchains.It lets you dig deep into the HAQQ blockchain, with some impressive stats to back it up:
📊 Over 10 million transactions
👛 2.5 million+ wallet addresses
🔗 130,000+ blocks
With HAQQ Explorer, you can:
🔍 Monitor transactions in real-time
📊 Check wallet balances
📜 Verify smart contract details
Transparency is the name of the game here. Whether you want to confirm a transaction, check a wallet balance, or inspect a smart contract, HAQQ Explorer has your back.
Why is this important? Because in the world of blockchain, trust but verify is key. You can easily verify activities in smart contracts, see when they were deployed, and so much more.
HAQQ recently hit a huge milestone with 2.5 million wallet addresses, and they're adding new blocks to their network every 5.7 seconds. Impressive, right? ⏱️
If you want to dive into the world of HAQQ Explorer, check it out at explorer.haqq.network. It's a fascinating journey into the heart of the blockchain! 💎
#IslamicCoin #HAQQ #xrp #etf #trading
What's HAQQ Explorer, you ask? Well, it's like the Google of blockchains.It lets you dig deep into the HAQQ blockchain, with some impressive stats to back it up:
📊 Over 10 million transactions
👛 2.5 million+ wallet addresses
🔗 130,000+ blocks
With HAQQ Explorer, you can:
🔍 Monitor transactions in real-time
📊 Check wallet balances
📜 Verify smart contract details
Transparency is the name of the game here. Whether you want to confirm a transaction, check a wallet balance, or inspect a smart contract, HAQQ Explorer has your back.
Why is this important? Because in the world of blockchain, trust but verify is key. You can easily verify activities in smart contracts, see when they were deployed, and so much more.
HAQQ recently hit a huge milestone with 2.5 million wallet addresses, and they're adding new blocks to their network every 5.7 seconds. Impressive, right? ⏱️
If you want to dive into the world of HAQQ Explorer, check it out at explorer.haqq.network. It's a fascinating journey into the heart of the blockchain! 💎
#IslamicCoin #HAQQ #xrp #etf #trading
#HAQQ and Infinite8 have joined forces to advance ethical finance in the web3 framework, including the metaverse and blockchain gaming. They plan to employ deep tech and AI to cater to the global Muslim population's interest in emerging technologies and ethical finance, integrating ethics into new tech developments.
HAQQ is partnering with Infinite8, a company with 22 years of IT and operations experience across 65 countries. Infinite8 specializes in AI, metaverse, web3, and blockchain gaming, aligning with HAQQ's ethical finance mission. They aim to merge tech advancements with financial ethics.
One significant aspect of their partnership is developing customized blockchain solutions adhering to ethical finance principles. These platforms will provide real-time financial insights by combining Infinite8's AI analytics with web3 tech, ensuring Shariah-compliant standards.
Their collaboration goes beyond technology to create a balanced and sustainable financial ecosystem, serving 1.9 billion Muslims worldwide. The MENA region, with its 600 million population and emerging tech and financial hubs, is an ideal starting point for these initiatives.
The partnership aims to develop technologies with ethics at their core, not as an add-on. This represents a pivotal phase in HAQQ's evolution, aligning its focus on ethical finance with Infinite8's technological capabilities. It's a shared commitment to efficient and ethically sound financial systems, aligning with HAQQ's core values and vision.
HAQQ is partnering with Infinite8, a company with 22 years of IT and operations experience across 65 countries. Infinite8 specializes in AI, metaverse, web3, and blockchain gaming, aligning with HAQQ's ethical finance mission. They aim to merge tech advancements with financial ethics.
One significant aspect of their partnership is developing customized blockchain solutions adhering to ethical finance principles. These platforms will provide real-time financial insights by combining Infinite8's AI analytics with web3 tech, ensuring Shariah-compliant standards.
Their collaboration goes beyond technology to create a balanced and sustainable financial ecosystem, serving 1.9 billion Muslims worldwide. The MENA region, with its 600 million population and emerging tech and financial hubs, is an ideal starting point for these initiatives.
The partnership aims to develop technologies with ethics at their core, not as an add-on. This represents a pivotal phase in HAQQ's evolution, aligning its focus on ethical finance with Infinite8's technological capabilities. It's a shared commitment to efficient and ethically sound financial systems, aligning with HAQQ's core values and vision.
ISLM cryptocurrency is introduced at the state level
Zug, Switzerland, is where Islamic Coin, a Sharia-compliant cryptocurrency and blockchain platform, Haqq, was founded. They recently signed four important memorandums of understanding. These agreements are aimed at establishing partnerships with leading private and public services in the United Arab Emirates ( #UAE ), creating ties in the areas of immigration, medical and healthcare services, and travel.
Four organizations have joined the Islamic Coin - Haqq partner network
MBM Specialty Medical Center: This medical center offers specialized services for clients from all over the world.
24 Seven Government Transactions Center: A government service center that deals with various government transactions.
IV Wellness Lounge Clinic: A wellness clinic known for its innovative treatments and services.
Middle East Holiday: A well-known player in the travel industry, serving millions of customers around the world.
The main goal of this collaboration is to improve customer experience and integrate advanced technologies by leveraging the innovative capabilities of the #HAQQ blockchain and #IslamicCoin . The signing ceremony took place at the office of Sheikh Mohammed bin Maktoum bin Juma Al Maktoum and marks the beginning of some international initiatives.
Founder Mohammed Al Kaff Al Hashmi expressed his great satisfaction with these new partnerships. He emphasized the importance of expanding Islamic Coin's presence in sectors that play a vital role in people's lives, from healthcare to travel.
Islamic Coin and Haqq Network have previously partnered with London-based DDCAP Group. This partnership aims to facilitate the seamless integration of Haqq Network with more than 300 global Islamic banks. The collaboration is aimed at developing various solutions for Islamic finance, including a Shariah-compliant alternative to SWIFT - Web3, a digital asset platform, central bank digital currencies (CBDCs), tokenization, and other innovative initiatives.
This initiative opens the door for crypto products in one of the world's most powerful economies. I would like to remind you that the Advisory Board of the project includes members of the ruling families of Abu Dhabi and Dubai, who provide valuable experience and oversee the project. The Executive Board consists of prominent representatives of both conventional and Islamic finance, including figures with extensive experience in Islamic banking and global finance, so it is worth paying close attention to this project and following it, this is my advice to you.
This partnership and expansion of the network is indicative of a broader trend where blockchain and cryptocurrencies are increasingly being integrated into various sectors and industries around the world, including those that adhere to ethical and Shariah principles.
#crypto2024 #Crypto2023
$BTC $ETH $SOL
Four organizations have joined the Islamic Coin - Haqq partner network
MBM Specialty Medical Center: This medical center offers specialized services for clients from all over the world.
24 Seven Government Transactions Center: A government service center that deals with various government transactions.
IV Wellness Lounge Clinic: A wellness clinic known for its innovative treatments and services.
Middle East Holiday: A well-known player in the travel industry, serving millions of customers around the world.
The main goal of this collaboration is to improve customer experience and integrate advanced technologies by leveraging the innovative capabilities of the #HAQQ blockchain and #IslamicCoin . The signing ceremony took place at the office of Sheikh Mohammed bin Maktoum bin Juma Al Maktoum and marks the beginning of some international initiatives.
Founder Mohammed Al Kaff Al Hashmi expressed his great satisfaction with these new partnerships. He emphasized the importance of expanding Islamic Coin's presence in sectors that play a vital role in people's lives, from healthcare to travel.
Islamic Coin and Haqq Network have previously partnered with London-based DDCAP Group. This partnership aims to facilitate the seamless integration of Haqq Network with more than 300 global Islamic banks. The collaboration is aimed at developing various solutions for Islamic finance, including a Shariah-compliant alternative to SWIFT - Web3, a digital asset platform, central bank digital currencies (CBDCs), tokenization, and other innovative initiatives.
This initiative opens the door for crypto products in one of the world's most powerful economies. I would like to remind you that the Advisory Board of the project includes members of the ruling families of Abu Dhabi and Dubai, who provide valuable experience and oversee the project. The Executive Board consists of prominent representatives of both conventional and Islamic finance, including figures with extensive experience in Islamic banking and global finance, so it is worth paying close attention to this project and following it, this is my advice to you.
This partnership and expansion of the network is indicative of a broader trend where blockchain and cryptocurrencies are increasingly being integrated into various sectors and industries around the world, including those that adhere to ethical and Shariah principles.
#crypto2024 #Crypto2023
$BTC $ETH $SOL
Islamic Coin - Pioneering Shariah-Compliant Crypto
I'm thrilled to introduce you to Islamic Coin,a digital asset meticulously engineered to be in perfect alignment with Islamic financial principles. Here's why it's making waves in the world of blockchain and finance:
✅ Foundationally Halal: Islamic Coin isn't just designed to be Halal; it's inherently Halal at its core. From its inception,it's built to comply with Islamic law.
🛡️Shariah Oracle: This innovative mechanism plays a pivotal role,ensuring real-time compliance with Shariah principles for every transaction conducted through the HAQQ Wallet.It's all about strict adherence to Islamic law.
📜Fatwa Affirmation: An esteemed Shariah board,consisting of distinguished Islamic scholars and financial experts,has issued a Fatwa confirming the Halal status of Islamic Coin.It's a gold standard for the ecosystem.
💡Digital Asset Dynamics: Like any digital asset,Islamic Coin's Halal status can vary based on its use.The involvement of experienced Shariah scholars reinforces its compliance.
🚀Future Vision: Islamic Coin's vision extends beyond the present,aiming to empower Shariah scholars further with cutting-edge blockchain and AI tools for navigating the evolving landscape of digital finance.
🔍Transparency Matters: In the intersection of faith and finance,clarity and transparency are paramount.Islamic Coin is committed to upholding the highest standards of Islamic compliance.
Mark your calendars for October 10th,when ISLM officially launches on the selected exchanges.Get ready to trade,invest and be a part of something meaningful. 🚀
Visit Official Website of Islamic Coin 👉 https://islamiccoin.net
#crypto2023 #islamiccoin #HAQQ #BTC #crypto
I'm thrilled to introduce you to Islamic Coin,a digital asset meticulously engineered to be in perfect alignment with Islamic financial principles. Here's why it's making waves in the world of blockchain and finance:
✅ Foundationally Halal: Islamic Coin isn't just designed to be Halal; it's inherently Halal at its core. From its inception,it's built to comply with Islamic law.
🛡️Shariah Oracle: This innovative mechanism plays a pivotal role,ensuring real-time compliance with Shariah principles for every transaction conducted through the HAQQ Wallet.It's all about strict adherence to Islamic law.
📜Fatwa Affirmation: An esteemed Shariah board,consisting of distinguished Islamic scholars and financial experts,has issued a Fatwa confirming the Halal status of Islamic Coin.It's a gold standard for the ecosystem.
💡Digital Asset Dynamics: Like any digital asset,Islamic Coin's Halal status can vary based on its use.The involvement of experienced Shariah scholars reinforces its compliance.
🚀Future Vision: Islamic Coin's vision extends beyond the present,aiming to empower Shariah scholars further with cutting-edge blockchain and AI tools for navigating the evolving landscape of digital finance.
🔍Transparency Matters: In the intersection of faith and finance,clarity and transparency are paramount.Islamic Coin is committed to upholding the highest standards of Islamic compliance.
Mark your calendars for October 10th,when ISLM officially launches on the selected exchanges.Get ready to trade,invest and be a part of something meaningful. 🚀
Visit Official Website of Islamic Coin 👉 https://islamiccoin.net
#crypto2023 #islamiccoin #HAQQ #BTC #crypto
What We Need To Know About Shariah-Oracle.
The Shariah Oracle serves as an on-chain registry of Halal Certificates that provides smart contract developers and web2 businesses a way to prove their ethical relevance for Muslim users by listing their products/services on the Haqq Wallet ( HAQQ Network ).
The Shariah Oracle integrated with Haqq Wallet ( To be ) will ensure that only whitelisted, Sharia-compliant dApps can be accessed by users. This feature, approved by the community and Shariah Board, will guarantee that all smart contracts interacting with the HAQQ Wallet adhere to Islamic principles and ethics. It will offer a transparent, secure, and Shariah-compliant environment for investment, protecting against unethical activity and potential security threats. By using Soulbound tokens, other smart contracts like Decentralized Exchanges (DEXes) can also quickly verify the Shariah compliance of ERC-20 tokens, promoting increased compliance and security within the HAQQ ecosystem.
In essence, the Shariah Oracle acts as a gatekeeper for ensuring that all interactions within the ecosystem align with Shariah principles and ethical investment practices, benefiting Muslims and ESG-driven investors who prioritize ethical investing.
To read in detail, visit HAQQ Network whitepaper.
#islamiccoin #HAQQ
The Shariah Oracle serves as an on-chain registry of Halal Certificates that provides smart contract developers and web2 businesses a way to prove their ethical relevance for Muslim users by listing their products/services on the Haqq Wallet ( HAQQ Network ).
The Shariah Oracle integrated with Haqq Wallet ( To be ) will ensure that only whitelisted, Sharia-compliant dApps can be accessed by users. This feature, approved by the community and Shariah Board, will guarantee that all smart contracts interacting with the HAQQ Wallet adhere to Islamic principles and ethics. It will offer a transparent, secure, and Shariah-compliant environment for investment, protecting against unethical activity and potential security threats. By using Soulbound tokens, other smart contracts like Decentralized Exchanges (DEXes) can also quickly verify the Shariah compliance of ERC-20 tokens, promoting increased compliance and security within the HAQQ ecosystem.
In essence, the Shariah Oracle acts as a gatekeeper for ensuring that all interactions within the ecosystem align with Shariah principles and ethical investment practices, benefiting Muslims and ESG-driven investors who prioritize ethical investing.
To read in detail, visit HAQQ Network whitepaper.
#islamiccoin #HAQQ
Istanbul Blockchain Week: Connecting Tradition and Innovation through HAQQ and Islamic Coin
The vibrant city of Istanbul was abuzz with excitement during the highly anticipated Istanbul Blockchain Week, held from August 22nd to 23rd. Taking the spotlight as the title sponsor, HAQQ and its native token, #IslamicCoin , took center stage at the intersection of tradition and modernity, gathering DeFi enthusiasts and crypto pioneers.
Istanbul, renowned for its rich history and strategic significance, has always been a hub of innovation. Turkey's progressive approach to #DeFi and its significant adoption of cryptocurrencies are not passing trends but rather a reflection of its forward-looking mindset.
HAQQ's prominent presence at this event reaffirmed its dedication to ethical finance. Beyond being a mere blockchain, #HAQQ embodies a vision and commitment: to seamlessly weave ethical finance principles into state-of-the-art decentralized technology. At the core of this vision lies Islamic Coin, a shining example of Shariah-compliant digital currency tailored to contemporary needs.
Engaging with the dynamic Turkish community during the event, the enthusiasm was palpable. This occasion wasn't just about showcasing achievements; it was a platform for meaningful dialogue, collaboration, and the opportunity to foster impactful partnerships.
The hackathon we announced during the event perfectly encapsulated this ethos. Beyond technical prowess, our focus was on cultivating solutions that are not only innovative but also rooted in strong ethical foundations, especially those resonating with the global Muslim population of 1.8 billion.
As we navigated through the Istanbul Blockchain Week, the future of DeFi in Turkey appeared promising. With HAQQ and Islamic Coin steering the course, we are eager to shape a future that's both decentralized and ethically grounded.
#crypto2024 #Crypto2023
The vibrant city of Istanbul was abuzz with excitement during the highly anticipated Istanbul Blockchain Week, held from August 22nd to 23rd. Taking the spotlight as the title sponsor, HAQQ and its native token, #IslamicCoin , took center stage at the intersection of tradition and modernity, gathering DeFi enthusiasts and crypto pioneers.
Istanbul, renowned for its rich history and strategic significance, has always been a hub of innovation. Turkey's progressive approach to #DeFi and its significant adoption of cryptocurrencies are not passing trends but rather a reflection of its forward-looking mindset.
HAQQ's prominent presence at this event reaffirmed its dedication to ethical finance. Beyond being a mere blockchain, #HAQQ embodies a vision and commitment: to seamlessly weave ethical finance principles into state-of-the-art decentralized technology. At the core of this vision lies Islamic Coin, a shining example of Shariah-compliant digital currency tailored to contemporary needs.
Engaging with the dynamic Turkish community during the event, the enthusiasm was palpable. This occasion wasn't just about showcasing achievements; it was a platform for meaningful dialogue, collaboration, and the opportunity to foster impactful partnerships.
The hackathon we announced during the event perfectly encapsulated this ethos. Beyond technical prowess, our focus was on cultivating solutions that are not only innovative but also rooted in strong ethical foundations, especially those resonating with the global Muslim population of 1.8 billion.
As we navigated through the Istanbul Blockchain Week, the future of DeFi in Turkey appeared promising. With HAQQ and Islamic Coin steering the course, we are eager to shape a future that's both decentralized and ethically grounded.
#crypto2024 #Crypto2023
Empowering DeFi: Seamless USDC Transfers between Ethereum and HAQQ via Satellite
The world of decentralized finance (DeFi) is evolving, and a groundbreaking development has caught the attention of supporters and enthusiasts alike.The integration of Satellite, powered by Axelar Network,now allows for seamless USDC transfers between Ethereum and HAQQ,marking a significant stride in the path towards a more inclusive and diverse decentralized financial ecosystem.Section 1: The Rise of Cross-Chain TransfersIn recent times,the importance of cross-chain interoperability has become increasingly evident.Satellite.money provides a bridge between Ethereum and HAQQ,opening up new possibilities for supporters of decentralized finance. This integration facilitates smooth and secure USDC transfers,eliminating the barriers that once hindered seamless transitions between blockchains.Section 2: To embark on this transformative journey, supporters can follow a simple step-by-step guide.Begin by visiting satellite.money and selecting 'Ethereum' as the starting chain and 'HAQQ' as the destination.Connecting and unlocking your MetaMask or compatible wallet ensures a secure transaction process.Input the desired USDC amount, witness the magic of transformation into axlUSDC on HAQQ with your Keplr Wallet, and verify the generated deposit address for a successful transfer.Section 3: Celebrating Success: A Shariah-Compliant DeFi ExperienceUpon completion of the transfer,supporters join a community championing Shariah-compliant decentralized finance.This marks the beginning of a new era in which financial transactions align with ethical principles.Congratulations are in order as supporters actively contribute to this paradigm shift,promoting financial inclusion and diversity within the crypto space.Section 4: The Swift Journey: Anticipating Arrival in 20 MinutesOne of the remarkable features of this integration is the speed at which funds arrive. With a quick and easy process, supporters can expect their funds to be securely transferred from Ethereum to HAQQ in about 20 minutes. This efficiency underscores the commitment to delivering a seamless and user-friendly experience.#Blockchain #HAQQ #Ethereum #Satellite #IslamicCoin
HAQQ Shell and #Keplr Wallet: A Synergy for Ethical #DeFi on #Cosmos 🌌
The recent collaboration between HAQQ Shell and Keplr Wallet marks a significant step forward in the realm of ethical decentralized finance (DeFi). This partnership brings together the user-friendly features of Keplr Wallet and HAQQ Shell's Shariah-compliant framework, providing users with a unique opportunity to engage with blockchain technology while adhering to their values.
The integration of Keplr Wallet into #HAQQ Shell's blockchain platform is a testament to the growing demand for ethical financial solutions within the cryptocurrency space. By combining Keplr Wallet's intuitive interface with HAQQ Shell's commitment to ethical principles, users can now navigate the complex world of DeFi with confidence.
This collaboration not only streamlines crypto management within the Cosmos interchain ecosystem but also underscores the shared commitment to security and inclusivity. It bridges the gap between traditional ethical finance principles and the innovative possibilities of blockchain technology.
#cryptonews
The integration empowers users to participate in decentralized finance while maintaining their ethical beliefs. With features like multichain support, staking capabilities, and hardware wallet security, Keplr Wallet complements HAQQ Shell's scalable and Shariah-compliant framework, ensuring an inclusive environment for users.
Furthermore, this partnership is more than just a technological integration – it embodies the spirit of decentralized ethical finance. It emphasizes values such as transparency, trust, and community, aligning with the core principles of both HAQQ Shell and Keplr Wallet. As blockchain technology continues to evolve, collaborations like this pave the way for a more secure, accessible, and ethical financial future.
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The recent collaboration between HAQQ Shell and Keplr Wallet marks a significant step forward in the realm of ethical decentralized finance (DeFi). This partnership brings together the user-friendly features of Keplr Wallet and HAQQ Shell's Shariah-compliant framework, providing users with a unique opportunity to engage with blockchain technology while adhering to their values.
The integration of Keplr Wallet into #HAQQ Shell's blockchain platform is a testament to the growing demand for ethical financial solutions within the cryptocurrency space. By combining Keplr Wallet's intuitive interface with HAQQ Shell's commitment to ethical principles, users can now navigate the complex world of DeFi with confidence.
This collaboration not only streamlines crypto management within the Cosmos interchain ecosystem but also underscores the shared commitment to security and inclusivity. It bridges the gap between traditional ethical finance principles and the innovative possibilities of blockchain technology.
#cryptonews
The integration empowers users to participate in decentralized finance while maintaining their ethical beliefs. With features like multichain support, staking capabilities, and hardware wallet security, Keplr Wallet complements HAQQ Shell's scalable and Shariah-compliant framework, ensuring an inclusive environment for users.
Furthermore, this partnership is more than just a technological integration – it embodies the spirit of decentralized ethical finance. It emphasizes values such as transparency, trust, and community, aligning with the core principles of both HAQQ Shell and Keplr Wallet. As blockchain technology continues to evolve, collaborations like this pave the way for a more secure, accessible, and ethical financial future.
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ZetaChain and BYTE CITY Forge Partnership to Revolutionize the Multiverse
Introduction: In a transformative alliance, ZetaChain and BYTE CITY have joined forces to pioneer the creation of the first interoperable metaverse. This collaboration signifies a major leap in the evolution of the digital landscape, offering a truly open metaverse where brands can cultivate communities and engage with their audience. ZetaChain's integration into BYTE CITY promises full interoperability, providing a platform for seamless cross-chain functionality and the introduction of native cross-chain NFTs and payments.
Key Partnership Highlights:
Cross-Chain Functionality in the First Open Metaverse: BYTE CITY, a social entertainment platform, integrates ZetaChain's testnet to propel the development of the inaugural interoperable metaverse. This partnership seeks to eliminate the challenges of cross-platform support that have persisted in both traditional and web3 gaming.BYTE CITY's Unique Approach to Web2.5 Metaverse: BYTE CITY operates as a social entertainment platform, often referred to as web2.5, offering an immersive space where diverse communities, including the official Bruce Lee Family Company, fashion brands, and consumer packaged goods (CPGs), converge. This metaverse introduces a fusion of digital NFT collectibles and crypto primitives in a casual social and gaming environment.Native Cross-Chain NFTs and Payments: ZetaChain's integration into BYTE CITY facilitates full interoperability within the metaverse. Brands leveraging BYTE CITY can build communities across multiple blockchain networks without limitations. ZetaChain enables cross-chain agnostic NFTs, allowing users to make purchases and send payments in any token. This extends to the flexibility of even receiving payments in native BTC on the Bitcoin network, fostering a fluid and adaptable crypto ecosystem.Launch of ZetaNite Avatar Skins: To commemorate the ZetaChain X BYTE CITY partnership, an exclusive campaign has been unveiled on ZetaChain's testnet – the ZetaNite Avatar Skins. These 20,000 free NFTs are available for minting on the testnet, serving as digital alter-egos in BYTE CITY. ZetaNite avatars offer users entry into immersive experiences, events, and games within the metaverse.
About BYTE CITY: BYTE CITY stands as a revolutionary social network, emphasizing digital collectibles, immersive gaming, and social experiences. Co-founded by Cordell Broadus, BYTE CITY is reshaping the digital landscape by providing a versatile platform that empowers users, nurtures communities, and fosters a vibrant digital culture.
About ZetaChain: ZetaChain distinguishes itself as the world's first and only decentralized EVM-compatible L1 blockchain, featuring built-in cross-chain interoperability. Its Omnichain toolkit empowers developers to create true omnichain dApps from a centralized logic point, granting users secure access to assets, data, and liquidity in a unified and secure environment.
Connect with ZetaChain: Follow ZetaChain on Twitter @zetablockchain and actively participate in discussions on Discord and Telegram. Developers building on ZetaChain can direct inquiries and collaboration proposals to partnerships@zetachain.com.
Conclusion: The ZetaChain and BYTE CITY partnership marks a significant stride towards shaping the future of the metaverse. By embracing interoperability, native cross-chain NFTs, and payments, this collaboration sets the stage for a dynamic and inclusive digital environment where creativity and community thrive. The introduction of ZetaNite Avatar Skins further cements the commitment to immersive experiences within the metaverse, inviting users to embark on a new era of digital exploration.
Key Partnership Highlights:
Cross-Chain Functionality in the First Open Metaverse: BYTE CITY, a social entertainment platform, integrates ZetaChain's testnet to propel the development of the inaugural interoperable metaverse. This partnership seeks to eliminate the challenges of cross-platform support that have persisted in both traditional and web3 gaming.BYTE CITY's Unique Approach to Web2.5 Metaverse: BYTE CITY operates as a social entertainment platform, often referred to as web2.5, offering an immersive space where diverse communities, including the official Bruce Lee Family Company, fashion brands, and consumer packaged goods (CPGs), converge. This metaverse introduces a fusion of digital NFT collectibles and crypto primitives in a casual social and gaming environment.Native Cross-Chain NFTs and Payments: ZetaChain's integration into BYTE CITY facilitates full interoperability within the metaverse. Brands leveraging BYTE CITY can build communities across multiple blockchain networks without limitations. ZetaChain enables cross-chain agnostic NFTs, allowing users to make purchases and send payments in any token. This extends to the flexibility of even receiving payments in native BTC on the Bitcoin network, fostering a fluid and adaptable crypto ecosystem.Launch of ZetaNite Avatar Skins: To commemorate the ZetaChain X BYTE CITY partnership, an exclusive campaign has been unveiled on ZetaChain's testnet – the ZetaNite Avatar Skins. These 20,000 free NFTs are available for minting on the testnet, serving as digital alter-egos in BYTE CITY. ZetaNite avatars offer users entry into immersive experiences, events, and games within the metaverse.
About BYTE CITY: BYTE CITY stands as a revolutionary social network, emphasizing digital collectibles, immersive gaming, and social experiences. Co-founded by Cordell Broadus, BYTE CITY is reshaping the digital landscape by providing a versatile platform that empowers users, nurtures communities, and fosters a vibrant digital culture.
About ZetaChain: ZetaChain distinguishes itself as the world's first and only decentralized EVM-compatible L1 blockchain, featuring built-in cross-chain interoperability. Its Omnichain toolkit empowers developers to create true omnichain dApps from a centralized logic point, granting users secure access to assets, data, and liquidity in a unified and secure environment.
Connect with ZetaChain: Follow ZetaChain on Twitter @zetablockchain and actively participate in discussions on Discord and Telegram. Developers building on ZetaChain can direct inquiries and collaboration proposals to partnerships@zetachain.com.
Conclusion: The ZetaChain and BYTE CITY partnership marks a significant stride towards shaping the future of the metaverse. By embracing interoperability, native cross-chain NFTs, and payments, this collaboration sets the stage for a dynamic and inclusive digital environment where creativity and community thrive. The introduction of ZetaNite Avatar Skins further cements the commitment to immersive experiences within the metaverse, inviting users to embark on a new era of digital exploration.
Understanding Soulbound Tokens(SBTs)
Soulbound Tokens (SBTs) — are digital identity tokens that represent the certificates, features, and achievements that make up a person or entity represented by wallet/address. SBTs are issued and represent blockchain accounts or wallets and cannot be transferred but possibly revocable by the issuer.
SBTs can be considered as a specific type of non-fungible token (NFT) that imposes restrictions on transfer rights and owner management. This ensures that the rightful owner of the token is its original recipient and did not buy it from another. An analogous example can be drawn with certificates issued to specific individuals.
Embracing the application of SBTs opens up exciting possibilities, allowing these tokens to function as verifiable certifications or irrefutable evidence of trust bestowed by the token issuer. To delve deeper into the intricacies of SBTs and their potential impact, we invite you to explore this article. Uncover how SBTs can revolutionize digital identity and foster trust in blockchain ecosystems.
Concept
The main idea behind SBT is the use of non-transferable certificates to establish trust, origin, and reputation. While there is no limit to the number of SBTs that can be stored in a single wallet, it is possible for new SBTs to be issued by different organizations and hold different meanings.
Non-transferability of tokens is a requirement at the basic level, but it is important to consider this feature at the application level. For example, it is acceptable to transfer an approved loan with proper authorization. However, if the sender wants to show that they are a guarantor for the recipient, this transfer can also be made. Restrictive transfer functions mainly relate to bypassing the issuing platform, which means that tokens cannot be transferred from the user's perspective.
Nevertheless, their transfer is possible if implemented by the platform. However, in most cases, such transfers are unnecessary and may even have negative consequences. Let’s now explore a few theoretical applications:
SBT can function as a variant of self-subscribed decentralized identifiers (DIDs). The true power of this mechanism emerges when SBTs held by one individual can be issued or attested to by other individuals who have reciprocal relationships. I will tell delve more into decentralized identification (DIDs) in my subsequent articles.
The soul, which represents the digital signature of an artist, can exist at a level of abstraction beyond the wallet address. In this case, SBT can serve as a social connection, providing support and recognition for artists.
Interactions between souls can mimic surety in real-world relationships.
Soul-based lending refers to the utilization of SBT tokens within a wallet as a pivotal factor in determining credit ratings. The calculation of the credit rating may be influenced by an individual’s life achievements and interests. Additionally, SBTs from reputable authors can serve as evidence of loans taken, allowing for an assessment of an individual’s current debt load by verifying the presence of such SBTs.
In particular, SBTS could become the basis for Islamic lending; in those conditions when it is unacceptable to take % because of religion, SBTS would become the basis for the practice of lending to communities, similar to those that were first introduced by Muhammad Yunus and Grameen Bank, when social network participants agree to support each other’s obligations.
P.S. Studying the history and the Grameen Bank way is highly recommended
SBT is a resume issued by an authoritative source confirming certain skills.
SBT as an alternative to trusted wallets (oracles) for social renewal — or a new approach to wallets with social restoration. Recall that SBT can represent membership in various communities. And the restoration of the wallet may be the decision of the circle of persons with whom he interacted.
SBTs in the DAO are also a proposed alternative for voting decentralized autonomous organizations (DAOs). Instead of the current management model, which is based on the number of tokens a member owns, DAOs can issue SBTs that assign voting rights based on user interaction with the community. This model will prioritize voting for the most dedicated users with a strong reputation. In addition to creating a reputation-based voting system, SBTs can improve the integrity of DAO voting, namely protection against Sybil attacks. But not completely; in the context of Sybil, DAO participants can now sell not tokens but access to wallets with SBT. This will increase the complexity of the attack many times and will not make it impossible. An additional complication may be checking correlations between SBTs that support a certain vote and applying a lower vote weight to voters with a high correlation.
There is an almost unlimited number of applications for SBT. Still, the essential thing that SBT raises as a critical issue for the development of WEB3 is the implementation of mechanisms for restricting rights, including ownership or access rights. Creating a flexible tool for the possibility of rights and management will allow you to implement the fullness of interaction from the real world in #WEB3
Implementations of SBTs
#Binance Account Bound Token
A token on the Binance SmartChain network confirming the passage of KYC by Binance, the main application for AirDrop and DAO.
NEAR — I-am-human
In partnership with Fractal, NEAR is releasing a USB token to confirm your humanity by photo/video. Unlike Baby, KYC is not required, and a basic SBT approach is planned so that many different SBT tokens are formed on one account.
SBT implementations on #HAQQ
As part of the Sharjah Oracle project on the HAQQ, we are developing a new SBT implementation. This implementation will issue certificates approved by the community and the Sharia board, verifying the halal status of interactions with the corresponding smart contracts.
Our team is working on establishing a solution enabling voting on the network at the #Cosmos layer and issuing SBT tokens to smart contracts at the EVM layer. In upcoming articles, we will delve deeper into the implementation details of this mechanism and provide further insights.
SBTs can be considered as a specific type of non-fungible token (NFT) that imposes restrictions on transfer rights and owner management. This ensures that the rightful owner of the token is its original recipient and did not buy it from another. An analogous example can be drawn with certificates issued to specific individuals.
Embracing the application of SBTs opens up exciting possibilities, allowing these tokens to function as verifiable certifications or irrefutable evidence of trust bestowed by the token issuer. To delve deeper into the intricacies of SBTs and their potential impact, we invite you to explore this article. Uncover how SBTs can revolutionize digital identity and foster trust in blockchain ecosystems.
Concept
The main idea behind SBT is the use of non-transferable certificates to establish trust, origin, and reputation. While there is no limit to the number of SBTs that can be stored in a single wallet, it is possible for new SBTs to be issued by different organizations and hold different meanings.
Non-transferability of tokens is a requirement at the basic level, but it is important to consider this feature at the application level. For example, it is acceptable to transfer an approved loan with proper authorization. However, if the sender wants to show that they are a guarantor for the recipient, this transfer can also be made. Restrictive transfer functions mainly relate to bypassing the issuing platform, which means that tokens cannot be transferred from the user's perspective.
Nevertheless, their transfer is possible if implemented by the platform. However, in most cases, such transfers are unnecessary and may even have negative consequences. Let’s now explore a few theoretical applications:
SBT can function as a variant of self-subscribed decentralized identifiers (DIDs). The true power of this mechanism emerges when SBTs held by one individual can be issued or attested to by other individuals who have reciprocal relationships. I will tell delve more into decentralized identification (DIDs) in my subsequent articles.
The soul, which represents the digital signature of an artist, can exist at a level of abstraction beyond the wallet address. In this case, SBT can serve as a social connection, providing support and recognition for artists.
Interactions between souls can mimic surety in real-world relationships.
Soul-based lending refers to the utilization of SBT tokens within a wallet as a pivotal factor in determining credit ratings. The calculation of the credit rating may be influenced by an individual’s life achievements and interests. Additionally, SBTs from reputable authors can serve as evidence of loans taken, allowing for an assessment of an individual’s current debt load by verifying the presence of such SBTs.
In particular, SBTS could become the basis for Islamic lending; in those conditions when it is unacceptable to take % because of religion, SBTS would become the basis for the practice of lending to communities, similar to those that were first introduced by Muhammad Yunus and Grameen Bank, when social network participants agree to support each other’s obligations.
P.S. Studying the history and the Grameen Bank way is highly recommended
SBT is a resume issued by an authoritative source confirming certain skills.
SBT as an alternative to trusted wallets (oracles) for social renewal — or a new approach to wallets with social restoration. Recall that SBT can represent membership in various communities. And the restoration of the wallet may be the decision of the circle of persons with whom he interacted.
SBTs in the DAO are also a proposed alternative for voting decentralized autonomous organizations (DAOs). Instead of the current management model, which is based on the number of tokens a member owns, DAOs can issue SBTs that assign voting rights based on user interaction with the community. This model will prioritize voting for the most dedicated users with a strong reputation. In addition to creating a reputation-based voting system, SBTs can improve the integrity of DAO voting, namely protection against Sybil attacks. But not completely; in the context of Sybil, DAO participants can now sell not tokens but access to wallets with SBT. This will increase the complexity of the attack many times and will not make it impossible. An additional complication may be checking correlations between SBTs that support a certain vote and applying a lower vote weight to voters with a high correlation.
There is an almost unlimited number of applications for SBT. Still, the essential thing that SBT raises as a critical issue for the development of WEB3 is the implementation of mechanisms for restricting rights, including ownership or access rights. Creating a flexible tool for the possibility of rights and management will allow you to implement the fullness of interaction from the real world in #WEB3
Implementations of SBTs
#Binance Account Bound Token
A token on the Binance SmartChain network confirming the passage of KYC by Binance, the main application for AirDrop and DAO.
NEAR — I-am-human
In partnership with Fractal, NEAR is releasing a USB token to confirm your humanity by photo/video. Unlike Baby, KYC is not required, and a basic SBT approach is planned so that many different SBT tokens are formed on one account.
SBT implementations on #HAQQ
As part of the Sharjah Oracle project on the HAQQ, we are developing a new SBT implementation. This implementation will issue certificates approved by the community and the Sharia board, verifying the halal status of interactions with the corresponding smart contracts.
Our team is working on establishing a solution enabling voting on the network at the #Cosmos layer and issuing SBT tokens to smart contracts at the EVM layer. In upcoming articles, we will delve deeper into the implementation details of this mechanism and provide further insights.
Islamic Coin will be the driving force behind the large-scale adoption of web3 in the Middle East
ISLM
Hello, everyone!
I don't know about you, but this is good news for me! The digital currency, which was still in the private sales stage, recently received significant support from venture capital funds and financial institutions ahead of its official public launch.
This was a long-awaited announcement that coincided with the good news that the Islamic Coin project has raised another $200 million in new funding! Institutional investors, including ABO Digital from Alpha Blue Ocean, as well as private investors, have contributed to the success of this project.
The total amount of funding for the #IslamicCoin project now exceeds $400 million, which puts it among the largest cryptocurrencies in history. This is a truly impressive achievement!
The partnership with the Sushi DeFi exchange also proved to be a key step in the project's path to a stock exchange listing. This cooperation provides it with access to liquidity, and investment in various assets, and also ensures the earning of tokens at the stage of liquidity mining. This will allow it to support the global community of this project and create innovative financial products that comply with Shariah principles.
This increased capital will be used to expand the project's ecosystem and develop the #HAQQ blockchain. Part of it will be used to launch global charitable initiatives through the #EvergreenDAO, as well as to create a global financial infrastructure based on Shariah principles and ethics.
These additions will strengthen the position of the Islamic Coin project as a global leader in #cryptocurrencies and #blockchain technologies based on Islamic principles. I invite you to join the community of this project and become part of this exciting journey into the world of Islamic cryptocurrencies!
Hello, everyone!
I don't know about you, but this is good news for me! The digital currency, which was still in the private sales stage, recently received significant support from venture capital funds and financial institutions ahead of its official public launch.
This was a long-awaited announcement that coincided with the good news that the Islamic Coin project has raised another $200 million in new funding! Institutional investors, including ABO Digital from Alpha Blue Ocean, as well as private investors, have contributed to the success of this project.
The total amount of funding for the #IslamicCoin project now exceeds $400 million, which puts it among the largest cryptocurrencies in history. This is a truly impressive achievement!
The partnership with the Sushi DeFi exchange also proved to be a key step in the project's path to a stock exchange listing. This cooperation provides it with access to liquidity, and investment in various assets, and also ensures the earning of tokens at the stage of liquidity mining. This will allow it to support the global community of this project and create innovative financial products that comply with Shariah principles.
This increased capital will be used to expand the project's ecosystem and develop the #HAQQ blockchain. Part of it will be used to launch global charitable initiatives through the #EvergreenDAO, as well as to create a global financial infrastructure based on Shariah principles and ethics.
These additions will strengthen the position of the Islamic Coin project as a global leader in #cryptocurrencies and #blockchain technologies based on Islamic principles. I invite you to join the community of this project and become part of this exciting journey into the world of Islamic cryptocurrencies!
#HAQQ and #P2P.org : A Dynamic Fusion for Decentralized Trading Empowerment 💥
The blockchain realm is witnessing an exciting fusion as HAQQ joins forces with P2P.org. A partnership that promises to redefine decentralized trading, this collaboration introduces an advanced Graph service that will elevate the SushiSwap integration on HAQQ.
The synergy between HAQQ and P2P.org signifies a leap towards a new horizon. The creation of an advanced Graph service, tailored for seamless querying of blockchains like #Ethereum and HAQQ, marks a monumental step. This service isn't just about data storage; it serves as a robust bridge between applications and the blockchain.
The implications of this alliance extend beyond the immediate impact. With a cutting-edge Graph service and enhanced SushiSwap integration, the path towards decentralized trading gains momentum. A journey that enriches user experiences and opens doors to innovative solutions.
This partnership isn't just a collaboration; it's a catalyst. Developers crafting decentralized applications within the HAQQ ecosystem will find a powerhouse in the Graph service. Access to well-organized blockchain data empowers these developers to innovate, redefine, and create transformative solutions.
In this ever-evolving landscape, the HAQQ and P2P.org partnership emerges as a beacon of change, inspiring the blockchain community to chart new territories. Stay tuned for the ripple effects! 🌍🔗
#Crypto2023 #blockchain
The blockchain realm is witnessing an exciting fusion as HAQQ joins forces with P2P.org. A partnership that promises to redefine decentralized trading, this collaboration introduces an advanced Graph service that will elevate the SushiSwap integration on HAQQ.
The synergy between HAQQ and P2P.org signifies a leap towards a new horizon. The creation of an advanced Graph service, tailored for seamless querying of blockchains like #Ethereum and HAQQ, marks a monumental step. This service isn't just about data storage; it serves as a robust bridge between applications and the blockchain.
The implications of this alliance extend beyond the immediate impact. With a cutting-edge Graph service and enhanced SushiSwap integration, the path towards decentralized trading gains momentum. A journey that enriches user experiences and opens doors to innovative solutions.
This partnership isn't just a collaboration; it's a catalyst. Developers crafting decentralized applications within the HAQQ ecosystem will find a powerhouse in the Graph service. Access to well-organized blockchain data empowers these developers to innovate, redefine, and create transformative solutions.
In this ever-evolving landscape, the HAQQ and P2P.org partnership emerges as a beacon of change, inspiring the blockchain community to chart new territories. Stay tuned for the ripple effects! 🌍🔗
#Crypto2023 #blockchain
Understanding Governance and Reward Mechanisms on HAQQ Network
The HAQQ Network,a revolutionary blockchain platform designed to adhere to Islamic financial principles,is gaining traction within the global Muslim community and beyond.One of the key features that sets HAQQ apart is its innovative governance and reward mechanisms,which ensure a decentralized and inclusive decision-making process while providing incentives for active participation.In this article,we delve into the core principles of HAQQ's governance and rewards,shedding light on how they contribute to the platform's sustainability,growth and community empowerment.
Governance: A Community-Driven Approach:
HAQQ Network's governance structure is firmly rooted in the principles of decentralization and community participation.Rather than relying on a centralized authority,HAQQ's governance empowers its users,including validators and delegators,to actively contribute to the platform's development and decision-making.The process involves three key elements:
1. Validators and Delegators: Validators play a pivotal role in maintaining the HAQQ Network's integrity and security.They are responsible for proposing and validating transactions and their actions are subject to community scrutiny.Delegators,on the other hand,have the opportunity to stake $ISLM coins and delegate voting power to validators.This combined effort forms the backbone of HAQQ's consensus mechanism.
2. Voting and Proposal System: HAQQ's governance enables participants to propose and vote on important protocol upgrades,changes and improvements.The process is transparent and open to all network participants.Validators,delegators and even token holders have the right to voice their opinions and influence the direction of the platform.
3. Decentralized Decision-Making: Key decisions are made by a council comprising the top validators of the HAQQ blockchain.This approach ensures that the network remains secure,while also preventing a single entity from wielding excessive power.The council's composition ensures representation from different stakeholders,fostering a balanced and fair decision-making process.
Reward Mechanism: Incentivizing Active Participation:
HAQQ's reward mechanisms are designed to encourage active engagement and contribution,ensuring the platform's ongoing success and growth.Here's how the reward system functions:
1. Staking Rewards: Staking ISLM coins by bonding them to validators grants participants the right to earn rewards.Validators and their delegators share a portion of the newly minted ISLM coins and gas fees generated by transactions.This rewards participants for their commitment to the network's security and stability.
2. Evergreen DAO Allocation: A unique aspect of HAQQ's rewards is the allocation of 10% of newly minted $ISLM coins to the Evergreen DAO.This DAO serves as a crypto endowment,funding Islamic projects and charities.This not only aligns with Islamic financial principles but also contributes to the growth of the global Muslim community.
3. Validators and Delegators: Validators and their delegators receive a portion of the newly minted coins and gas fees,proportionate to their contribution to the network.This encourages both validators and delegators to actively participate in maintaining the network and its integrity.
Conclusion:
The HAQQ Network's governance and reward mechanisms reflect a forward-thinking approach to blockchain technology,rooted in Islamic financial principles and community empowerment.By giving users a voice in decision-making,incentivizing participation and supporting philanthropic initiatives,HAQQ aims to create a lasting impact on the global Muslim community and beyond.As the network continues to evolve,its unique approach to governance and rewards positions it as a promising player in the world of blockchain innovation.
For more information visit HAQQ Network website : https://haqq.network
#blockchain #crypto #IslamicCoin #HAQQ #crypto2023
Governance: A Community-Driven Approach:
HAQQ Network's governance structure is firmly rooted in the principles of decentralization and community participation.Rather than relying on a centralized authority,HAQQ's governance empowers its users,including validators and delegators,to actively contribute to the platform's development and decision-making.The process involves three key elements:
1. Validators and Delegators: Validators play a pivotal role in maintaining the HAQQ Network's integrity and security.They are responsible for proposing and validating transactions and their actions are subject to community scrutiny.Delegators,on the other hand,have the opportunity to stake $ISLM coins and delegate voting power to validators.This combined effort forms the backbone of HAQQ's consensus mechanism.
2. Voting and Proposal System: HAQQ's governance enables participants to propose and vote on important protocol upgrades,changes and improvements.The process is transparent and open to all network participants.Validators,delegators and even token holders have the right to voice their opinions and influence the direction of the platform.
3. Decentralized Decision-Making: Key decisions are made by a council comprising the top validators of the HAQQ blockchain.This approach ensures that the network remains secure,while also preventing a single entity from wielding excessive power.The council's composition ensures representation from different stakeholders,fostering a balanced and fair decision-making process.
Reward Mechanism: Incentivizing Active Participation:
HAQQ's reward mechanisms are designed to encourage active engagement and contribution,ensuring the platform's ongoing success and growth.Here's how the reward system functions:
1. Staking Rewards: Staking ISLM coins by bonding them to validators grants participants the right to earn rewards.Validators and their delegators share a portion of the newly minted ISLM coins and gas fees generated by transactions.This rewards participants for their commitment to the network's security and stability.
2. Evergreen DAO Allocation: A unique aspect of HAQQ's rewards is the allocation of 10% of newly minted $ISLM coins to the Evergreen DAO.This DAO serves as a crypto endowment,funding Islamic projects and charities.This not only aligns with Islamic financial principles but also contributes to the growth of the global Muslim community.
3. Validators and Delegators: Validators and their delegators receive a portion of the newly minted coins and gas fees,proportionate to their contribution to the network.This encourages both validators and delegators to actively participate in maintaining the network and its integrity.
Conclusion:
The HAQQ Network's governance and reward mechanisms reflect a forward-thinking approach to blockchain technology,rooted in Islamic financial principles and community empowerment.By giving users a voice in decision-making,incentivizing participation and supporting philanthropic initiatives,HAQQ aims to create a lasting impact on the global Muslim community and beyond.As the network continues to evolve,its unique approach to governance and rewards positions it as a promising player in the world of blockchain innovation.
For more information visit HAQQ Network website : https://haqq.network
#blockchain #crypto #IslamicCoin #HAQQ #crypto2023
