Serving as the core layer of Islamic Coin's Sharia-compliant financial ecosystem, the HAQQ blockchain operates on a Proof-of-Stake (PoS) consensus mechanism. This blockchain not only has the ability to interoperate with Cosmos-based networks or Ethereum, but has also seen the creation of over 2.5 million mainnet accounts, highlighting its growing user base and activity.
HAQQ Wallet is a leading non-custodial digital wallet that offers users a user-friendly platform to manage $ISLM assets and interact with HAQQ projects. With over 500,000 downloads and an impressive average rating of 4.6 out of 5 on Google Play, the app is available on mobile and desktop devices, including the App Store.
To ensure user security and compliance with Islamic principles, the blockchain includes a halal certification registry known as Sharia Oracle. This unique feature allows only interacting with smart contracts and decentralized applications (dApps) through the HAQQ Wallet, ensuring that they are certified as halal. This certification process involves a two-step authentication procedure in which the community participates at the first level to whitelist applications. Full Sharia compliance is ensured through evaluation by the Sharia Board.
The Islamic Coin team plans to expand the ecosystem with innovative solutions in line with the road map. This includes the development of a HAQQ marketplace created through collaboration with UAE banks, a $ISLM-backed Mastercard, crypto-fiat processing services and a gold-pegged stablecoin. Additionally, the project plans to establish HAQQPad and HAQQLabs to support the growth of ethical projects and offer a $40 million grant program to developers.
Islamic Coin has also established key partnerships with key organizations such as Holiday Swap, the world's largest home exchange platform, DDCAP Group, a coalition of more than 300 global banks, and 25 additional partners within the ecosystem.
Despite the ongoing crypto winter and a predominantly bearish market, Islamic Coin remains committed to creating a financial environment centered on ethics and philanthropy. With significant funding of over $400 million and the recent launch of $ISLM on KuCoin, the project is well positioned to realize its mission. The future looks very promising as the team continues to move forward on its roadmap.
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