Republic Crypto to Provide Advisory Services for Shariah-Compliant Islamic Coin
Islamic Coin, a groundbreaking Shariah-compliant digital currency, has announced a strategic partnership with Republic Crypto, a web3 advisory group within Republic, a global digital finance leader. This collaboration marks a significant step for Islamic Coin, as it seeks to enhance its go-to-market strategy and expand its reach in the crypto space.
The partnership encompasses various facets of support, including white-glove assistance in promoting Islamic Coin's market strategy. Republic Crypto will also provide valuable advisory services related to tokenomics, DAO governance, and long-term economic utility value. Additionally, Republic Crypto will assist Islamic Coin in engaging with potential strategic partners, exchanges, and market makers.
One of the key areas of focus for Republic Crypto in this partnership is fine-tuning Islamic Coin's value proposition. This involves advising on the creation of fair and Shariah-compliant allocation options, distribution mechanisms, and other sustainability features within the ecosystem.
Separately, Islamic Coin has exciting plans for a Reg D public token offering, scheduled to take place in September 2023. This offering will be facilitated by OpenDeal Broker on Republic's retail investment platform. Upon its public launch, Islamic Coin's international community will gain several advantages, including opportunities to provide liquidity, stake their holdings, and participate in the liquidity mining stage to earn tokens.
The Advisory Board of Islamic Coin boasts prominent members, including individuals from the ruling families of the UAE. Notable figures include Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan, the grandson of the UAE founder; Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, the country's Navy Chief; and Sheikh Khalifa Bin Mohammed bin Khalid Al Nahyan, among others. Their presence on the Advisory Board reflects the coin's commitment to strong leadership and governance.
The Executive Board of Islamic Coin comprises experts from both traditional and Islamic finance sectors. Hussein Al Meeza, an award-winning banker with over four and a half decades of experience, is one of the co-founders and a prominent member of the board. Al Meeza played a pivotal role in establishing the Dubai Islamic Bank, one of the first fully operational Islamic Banks. The board is further strengthened by Khamis Buharoon AI Shamsi, the former Assistant Director of the Finance Division, and Assistant Director of the Internal Audit Division of the Central Bank of the UAE, along with Greg Gigliotti, CEO, Chief Investment Officer, and Founding Partner of Xtellus Advisors, who brings a wealth of experience from global financial institutions, including Goldman Sachs.
The Reg D token offering, slated for September 2023, represents a significant opportunity for both Islamic Coin and the crypto community at large. With the support of Republic Crypto and its robust team, Islamic Coin is poised to make a lasting impact in the world of Shariah-compliant digital finance.
As the crypto landscape continues to evolve, Islamic Coin's collaboration with Republic Crypto signifies a notable stride towards innovation and inclusivity within the blockchain and cryptocurrency space. The upcoming token sale in September 2023 holds the promise of a bright future for Islamic Coin and its dedicated community of supporters.
