I will be discussing the significant potential Islamic Coin #Airdrop today. This project has received close to $400 million in funding. And a real fly in the ointment. HAQQ, an Islamic coin airdrop. The impact of an airdrop might be enormous.

Based on Cosmos SDK, HAQQ is a chain that is equivalent to an EVM. Any smart contract established on another EVM chain can be put onto the new network without any modifications thanks to the technology behind HAQQ. To build a more equitable and sustainable financial system, HAQQ is balancing a Shariah-compliant ideology with cutting-edge technology. Change was fueled by Muslims and ESG, and HAQQ is in charge of it. Muslim Coin Drop HAQQ.

What’s Islamic Coin?

#Islamic coin is the default currency of HAQQ, a community-run network committed to enabling a Shariah-compliant financial environment that prioritizes ethics. The overall quantity of Islamic Coin is limited, and 10% of each issuance is automatically set aside for charitable causes.

– Blockchain: HaqqNetwork 

– Native Coin: Islamic Coin 

– Total Funding: $400M 

– Launch: September

Step by Step to Claim ISLM Airdrop

 

1) Follow them on Twitter

Haqq Network 

Islamic coin

2) Join their Telegram

3) Join their Discord

4) How to get Wallet

- Available on both Apple iOS & Android store

- Search “Haqq Wallet” & download

5) How to set it up?

After download

Click create account.

Set up Passcode

Back up your seedphrase

Done

6) Earn on App by staking

Claim “ISLM Gas” on the app

Go to “Earn” on the app

Click on “Monthly Raffle”

Click staking 

Select a Validator

Click on delegate

Confirm delegate

7) Testnet Guide.

Connect Wallet (Metamask)

Connect your Github account

Request token from testedge2. haqq. network

8)    Select a Validator

Click on Delegate

Confirm

9) Complete the Tasks on Guild

10) Complete the Tasks on Galxe

#IslamicCoin #HAQQWallet #crypto #DeFi #Web3

A market valuation of 375 billion dollars is created by just 25 million Bitcoin users. On the internet, there are more than 1 billion Muslims. What would a currency supported by as little as 3% of them be capitalized as? almost twice as much as Bitcoin.

But why does this query even come up at all? In other words, why aren’t religious Muslims able to make online purchases using Bitcoin? History has the key to the solution. The severe prohibitions of Islam have for centuries restricted the growth of finance in the areas where the bulk of the population is Muslim.

In other words, practically every principle of conventional finance does not fit the requirements of halal investment since Shariah law forbids collecting interest, betting on ambiguity, and selling risk in the form of a risk premium. Cryptocurrency is no exception, which has resulted in the exclusion of a sizable market segment from the industry (the Global Islamic Economy Report projects that the Islamic financial sector would reach $3.69 trillion in annual revenue by 2024).

It was just a matter of time after the development of blockchain technology before the first blockchain-based financial ecosystem that complied with Shariah emerged. In this essay, I’ll discuss the process of developing Haqq, a global ledger designed to aid Muslims worldwide, provide them with modern financial tools, and promote inclusion.

Technical Fixes and the Method for Consensus

An application-specific blockchain called Haqq, which is Arabic for “truth,” was created using the Cosmos SDK, an open-source platform for creating multi-asset public blockchains. The Cosmos SDK offers a number of advantages, including instant finality, which renders transactions irreversible immediately following block inclusion, inter-blockchain communication (IBC), which allows the network to communicate with other chains that support IBC, and energy-efficient Proof of Stake consensus.

Due to its integration with EVM, the Haqq network can use existing Ethereum smart contracts and toolkits. Any smart contract created for Ethereum or another EVM-compatible network can be deployed on the Haqq network without altering a single line of code. Additionally, the Haqq network is interoperable with native wallets for both Ethereum and Cosmos, such as Metamask and Keplr.

The BNB Beacon Chain (formerly known as Binance Chain) and the Haqq blockchain both use the Tendermint Core consensus algorithm. With this Proof of Stake Byzantine Fault Tolerant protocol, transactions can be completed quickly and with immediate finality. The selection of the validators is left up to the user in Tendermint Core.

How a Blockchain Can Be Congruent with Religious Norms: Ethics Come First

Islamic finance is a method of investing that emphasizes social responsibility and community building by fostering inclusivity. The Evergreen DAO, a value-driven fund for investments in Muslim non-profits or ESG initiatives, receives a 10% automatic deposit of every Islamic coin created on Haqq. Haqq was created prior to the Merge, therefore picking Cosmos SDK and Tendermint’s Proof of Stake over Ethereum was a conscious act of environmental conservatism.

The executive board of Haqq views the blockchain as an infrastructure-level solution for moral initiatives, including those that are religious in nature as well as edutainment-related, non-profit dApps, charity fundraising, and many others.

With the help of this goal statement and its PoS carbon neutrality, Haqq was able to accomplish a noteworthy accomplishment that Bloomberg referred to as “a major breakthrough.” The world’s top Muslim authorities granted Haqq and Islamic Coin a Fatwa, or legal judgement, on a matter of Islamic law, in June 2022. As a result, they were recognized as the first blockchain and cryptocurrency to comply with Shariah.

Fostering Neighborhood Values

A clear illustration of how application-specific blockchains and Web3 in general may support the ideals of a religious or ethnic group is the Haqq blockchain and its native Islamic Coin.

Given the project’s strong technological foundation, widespread adoption of Haqq among the online Muslim community may result from adherence to the Shariah financial laws and the Fatwa of religious authorities.

The Islamic Coin team forecasts quick growth in nations with sizable unbanked populations (like Nigeria, where 60% of the population lacks access to a bank account, or Indonesia, where more than 50% do). Thanks to blockchain technology, the team is collaborating with institutional finance institutions to provide financial services to those who have never had access to them before. By accomplishing this, #Islamic coin adopts the original aim of Bitcoin, which was to provide financial services to the unbanked, do away with pointless middlemen, and assure inclusivity of both providers and consumers worldwide.

#crypto #IslamicCoin #Web3 #blockchain #HAQQWallet