IslamicCoin: Pioneering Ethical Finance in the Digital Age
IslamicCoin,a revolutionary cryptocurrency, is at the forefront of ethical finance,catering to the global Muslim population.Serving as the native currency of the HAQQ blockchain,it aligns seamlessly with the principles of Islam, providing a Sharia-compliant financial ecosystem.Here's a brief overview of IslamicCoin:
Promoting Ethical Finance: IslamicCoin is designed to eliminate the charging of interest (Riba),aligning with the core values of Islam and the teachings of the Quran.It offers a community-first approach,protecting individuals in financially vulnerable positions.
Use Cases: Holders of IslamicCoin ($ISLM) can use it for various purposes.It can be used to settle payments, participate in community governance,cover transaction fees on the HAQQ blockchain,and generate passive income through staking.Additionally,it introduces decentralized versions of Sukuk, the Islamic equivalent of bonds,and other traditional Islamic finance instruments.
Philanthropy: IslamicCoin emphasizes giving back to the community.10% of each $ISLM issuance is automatically allocated to the Evergreen DAO,supporting Muslim charity donations and investments in Islam-related ventures.
HAQQ Blockchain: The project is built on the HAQQ blockchain,a Layer 1 blockchain with a Proof-of-Stake (PoS) consensus mechanism. It's compatible with Cosmos-based networks and Ethereum.
Security and Compliance: IslamicCoin ensures user security and compliance with Islamic values through the Shariah Oracle, a registry of halal certificates that interacts with certified smart contracts and dApps.
Future Expansion: The roadmap includes plans for a marketplace, an $ISLM-backed Mastercard, crypto-fiat processing services, and a gold-pegged stablecoin. The project also aims to support developers with a generous grant program.
Key Partnerships: IslamicCoin has secured strategic partnerships with Holiday Swap,DDCAP Group,and 25 additional partners,fostering its presence in the ecosystem.
