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Shaping a Halal Crypto Landscape: Islamic Coin's Role in Independent Financial Interaction
In a world where technology continually reshapes our financial landscapes,one cryptocurrency has emerged with a mission deeply rooted in faith and financial ethics – Islamic Coin (ISLM). Designed to cater to the unique needs of the Muslim community, Islamic Coin is more than just a digital currency; it's a testament to the power of financial innovation aligned with religious principles.
A Financial Revolution Built on Faith :
Islamic Coin,built on the HAQQ blockchain, aligns itself with the principles of Islamic finance.At its core,it's committed to providing a financial instrument that adheres to Shariah law. This commitment begins with a prohibition on paying or charging interest,a key tenet of Islamic finance.
This prohibition goes beyond mere rhetoric. Unlike traditional fiat currencies,Islamic Coin cannot be arbitrarily 'printed' or devalued by a central authority,as there is no interest rate within the system.Instead,its value is solely determined by market dynamics,ensuring fairness and compliance with Islamic finance principles.
Empowering the Community :
Islamic Coin operates on a decentralized model. It can only be minted by those who actively contribute to the HAQQ network through work and investment,such as validators and stakers.This approach not only aligns with the Islamic prohibition on interest but also ensures that the community has a say in the currency's creation and maintenance. What's truly groundbreaking is Islamic Coin's commitment to philanthropy. Every time a new ISLM coin is minted, 10% of the issued amount is deposited into a special Evergreen DAO. This DAO serves as a crypto endowment,focusing on long-term sustainability and community impact. It funds Islamic projects and charities,marking the first instance of a digital currency directly benefiting a community in this way.
A Vision for the Future :
Islamic Coin's mission is clear to empower the international Muslim community with a financial instrument that promotes independence while supporting innovation and philanthropy. The crypto asset has the potential to become one of the most important and valuable in the market,given its adherence to Islamic principles and the sheer size of the global Muslim population.
By achieving even a modest adoption rate within the Muslim online community,Islamic Coin could rival the scale and impact of cryptocurrencies like Bitcoin. This could translate to trillions of dollars in value for its holders and substantial funds for the Evergreen DAO to further its mission.
In conclusion, Islamic Coin isn't just another cryptocurrency; it's a beacon of hope for those seeking financial independence while staying true to their faith. It's a testament to how technology can be harnessed to create financial solutions that align with deeply held beliefs and it could very well shape a halal crypto landscape that benefits the global Muslim community for generations to come.
For more information visit https://islamiccoin.net
#crypto2023 #Binance #IslamicCoin #HaqqNetwork #ISLM
A Financial Revolution Built on Faith :
Islamic Coin,built on the HAQQ blockchain, aligns itself with the principles of Islamic finance.At its core,it's committed to providing a financial instrument that adheres to Shariah law. This commitment begins with a prohibition on paying or charging interest,a key tenet of Islamic finance.
This prohibition goes beyond mere rhetoric. Unlike traditional fiat currencies,Islamic Coin cannot be arbitrarily 'printed' or devalued by a central authority,as there is no interest rate within the system.Instead,its value is solely determined by market dynamics,ensuring fairness and compliance with Islamic finance principles.
Empowering the Community :
Islamic Coin operates on a decentralized model. It can only be minted by those who actively contribute to the HAQQ network through work and investment,such as validators and stakers.This approach not only aligns with the Islamic prohibition on interest but also ensures that the community has a say in the currency's creation and maintenance. What's truly groundbreaking is Islamic Coin's commitment to philanthropy. Every time a new ISLM coin is minted, 10% of the issued amount is deposited into a special Evergreen DAO. This DAO serves as a crypto endowment,focusing on long-term sustainability and community impact. It funds Islamic projects and charities,marking the first instance of a digital currency directly benefiting a community in this way.
A Vision for the Future :
Islamic Coin's mission is clear to empower the international Muslim community with a financial instrument that promotes independence while supporting innovation and philanthropy. The crypto asset has the potential to become one of the most important and valuable in the market,given its adherence to Islamic principles and the sheer size of the global Muslim population.
By achieving even a modest adoption rate within the Muslim online community,Islamic Coin could rival the scale and impact of cryptocurrencies like Bitcoin. This could translate to trillions of dollars in value for its holders and substantial funds for the Evergreen DAO to further its mission.
In conclusion, Islamic Coin isn't just another cryptocurrency; it's a beacon of hope for those seeking financial independence while staying true to their faith. It's a testament to how technology can be harnessed to create financial solutions that align with deeply held beliefs and it could very well shape a halal crypto landscape that benefits the global Muslim community for generations to come.
For more information visit https://islamiccoin.net
#crypto2023 #Binance #IslamicCoin #HaqqNetwork #ISLM
HAQQEX Launch (beta testing)🔥💯
Exciting news!🌙 HAQQEX is launching its beta soon, and it's set to boost IslamicCoin prices. Join now, sign up, and hop on Discord for early access. Early supporters, get ready for some sweet rewards – it's bullish vibes all the way! 🚀 #Haqqex #HaqqexLaunch #EthicalExchange #Islamiccoin #HaqqNetwork
Exciting news!🌙 HAQQEX is launching its beta soon, and it's set to boost IslamicCoin prices. Join now, sign up, and hop on Discord for early access. Early supporters, get ready for some sweet rewards – it's bullish vibes all the way! 🚀 #Haqqex #HaqqexLaunch #EthicalExchange #Islamiccoin #HaqqNetwork
Islamic Coin (ISLM) is a Shariah-compliant digital asset built on the HAQQ blockchain,adhering to Islamic financial principles by prohibiting interest. Its deflationary nature and limited supply promote long-term sustainability, empowering the global Muslim community with an ethical financial system.Additionally, the Evergreen DAO funds philanthropic initiatives.
Islamic Coin will be listed on top-tier exchanges on 1st September, offering wider accessibility and potential growth for investors.
$BTC $ETH $BNB $ISLM
#BinanceTournament #IslamicCoin #HaqqNetwork #Pepe #1000x
Islamic Coin will be listed on top-tier exchanges on 1st September, offering wider accessibility and potential growth for investors.
$BTC $ETH $BNB $ISLM
#BinanceTournament #IslamicCoin #HaqqNetwork #Pepe #1000x
LIVEBlock Chainiac
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Islamic Coin ($ISLM): A Shariah-Compliant Digital Asset Empowering the Global Muslim Community
In the ever-evolving world of cryptocurrencies and blockchain technology, a novel digital asset has emerged that holds a unique appeal to the global Muslim community - Islamic Coin (ISLM). Build on the dedicated Islamic blockchain HAQQ Network.Islamic Coin strictly adheres to Islamic views and traditions on finance,offering a Shariah-compliant solution for Muslims seeking an independent and ethical financial system.
Understanding Islamic Coin's Shariah-Compliant Framework:
Islamic Coin is rooted in the principles of Islamic financial law or Shariah law,which forbids paying or charging interest.Unlike traditional financial systems,Islamic Coin operates on a decentralized network without a central bank,ensuring that the digital currency cannot be arbitrarily printed or devalued.Instead,the price of Islamic Coin is determined solely by market forces,promoting fairness and transparency in its value.
The Prohibition of Interest in Islam:
At the core of Islamic Coin's ideology lies the prohibition of interest,a fundamental principle in Islamic finance.Interest (Riba) is seen as exploitative and harmful,leading to wealth accumulation without actual economic productivity.By adhering to this prohibition,Islamic Coin seeks to offer an alternative financial instrument that aligns with the ethical values of the Muslim community.
The Deflationary Nature of Islamic Coin:
Islamic Coin's deflationary nature is comparable to the properties of precious metals like gold and silver,which are mentioned in the Quran as examples of the worldly pleasures.Unlike fiat currencies subject to inflation,Islamic Coin's emission rate decreases over time.Every Era (a two-year period),the emission rate is reduced by 5%,ensuring a limited supply of 100 billion coins.The emission will stop 100 years from the first Era,signifying a long-term approach to sustainability.
The Evergreen DAO and Philanthropy:
One of the pioneering aspects of Islamic Coin is the establishment of the Evergreen DAO,a non-profit virtual foundation dedicated to long-term sustainability and community impact.This DAO functions as a crypto endowment and is funded through the minting of new Islamic Coins.Each time a new coin is minted,10% of the issued amount is deposited into the Evergreen DAO,where funds are further invested in Islamic projects or directed towards Islamic charities.This innovative approach bridges the gap between blockchain technology and philanthropy,bringing direct economic value to the global Muslim community.
HAQQ Network and Staking:
Islamic Coin serves as the native currency of HAQQ Network,a dedicated Islamic blockchain. Validators maintain the HAQQ Network through a process called staking,where ISLM coins are locked and bonded to these validators.Stakers,who become delegators,delegate voting power to validators and earn rewards while participating in governance.This decentralized approach empowers the community and ensures the integrity of the HAQQ Network.
Empowering the Global Muslim Community:
Islamic Coin's unique features present an opportunity for the global Muslim community to embrace an independent and transparent financial system that aligns with their religious beliefs.By adhering to Shariah law and prohibiting interest,Islamic Coin empowers Muslims to conduct financial transactions with confidence, free from ethical dilemmas.
Furthermore,the Evergreen DAO's focus on philanthropy and funding Islamic projects showcases a commitment to supporting initiatives that benefit the Muslim community at large.This combination of blockchain technology and social responsibility marks a significant step towards creating economic value and promoting social welfare in the Islamic world.
A Path to Long-Term Sustainability:
Islamic Coin's deflationary model and limited supply play a crucial role in promoting long-term sustainability and value appreciation.With a gradual reduction in the emission rate over successive Eras,the coin's scarcity increases,potentially leading to a growth in its value over time.This deflationary mechanism aims to mitigate the risks associated with inflation and ensure that the economic interests of Islamic Coin holders are safeguarded.
Conclusion:
Islamic Coin (ISLM) represents a groundbreaking financial instrument that aligns with Islamic values and traditions,offering a Shariah-compliant alternative for the global Muslim community seeking independent financial interactions.With its deflationary nature,ethical framework and emphasis on philanthropy,Islamic Coin has the potential to become a valuable and empowering crypto asset for its holders.As the world embraces the transformative potential of blockchain technology,Islamic Coin stands out as a beacon of innovation,bridging the gap between the principles of Islam and the possibilities of the digital age.By fostering financial independence and promoting philanthropy,Islamic Coin paves the way for a more inclusive and sustainable future for the global Muslim community.
For more information visit official website of Islamic Coin :
https://islamiccoin.net
$BTC $ETH $ISLM
#IslamicCoin #Haqq #BTC #BNB #googleai
Understanding Islamic Coin's Shariah-Compliant Framework:
Islamic Coin is rooted in the principles of Islamic financial law or Shariah law,which forbids paying or charging interest.Unlike traditional financial systems,Islamic Coin operates on a decentralized network without a central bank,ensuring that the digital currency cannot be arbitrarily printed or devalued.Instead,the price of Islamic Coin is determined solely by market forces,promoting fairness and transparency in its value.
The Prohibition of Interest in Islam:
At the core of Islamic Coin's ideology lies the prohibition of interest,a fundamental principle in Islamic finance.Interest (Riba) is seen as exploitative and harmful,leading to wealth accumulation without actual economic productivity.By adhering to this prohibition,Islamic Coin seeks to offer an alternative financial instrument that aligns with the ethical values of the Muslim community.
The Deflationary Nature of Islamic Coin:
Islamic Coin's deflationary nature is comparable to the properties of precious metals like gold and silver,which are mentioned in the Quran as examples of the worldly pleasures.Unlike fiat currencies subject to inflation,Islamic Coin's emission rate decreases over time.Every Era (a two-year period),the emission rate is reduced by 5%,ensuring a limited supply of 100 billion coins.The emission will stop 100 years from the first Era,signifying a long-term approach to sustainability.
The Evergreen DAO and Philanthropy:
One of the pioneering aspects of Islamic Coin is the establishment of the Evergreen DAO,a non-profit virtual foundation dedicated to long-term sustainability and community impact.This DAO functions as a crypto endowment and is funded through the minting of new Islamic Coins.Each time a new coin is minted,10% of the issued amount is deposited into the Evergreen DAO,where funds are further invested in Islamic projects or directed towards Islamic charities.This innovative approach bridges the gap between blockchain technology and philanthropy,bringing direct economic value to the global Muslim community.
HAQQ Network and Staking:
Islamic Coin serves as the native currency of HAQQ Network,a dedicated Islamic blockchain. Validators maintain the HAQQ Network through a process called staking,where ISLM coins are locked and bonded to these validators.Stakers,who become delegators,delegate voting power to validators and earn rewards while participating in governance.This decentralized approach empowers the community and ensures the integrity of the HAQQ Network.
Empowering the Global Muslim Community:
Islamic Coin's unique features present an opportunity for the global Muslim community to embrace an independent and transparent financial system that aligns with their religious beliefs.By adhering to Shariah law and prohibiting interest,Islamic Coin empowers Muslims to conduct financial transactions with confidence, free from ethical dilemmas.
Furthermore,the Evergreen DAO's focus on philanthropy and funding Islamic projects showcases a commitment to supporting initiatives that benefit the Muslim community at large.This combination of blockchain technology and social responsibility marks a significant step towards creating economic value and promoting social welfare in the Islamic world.
A Path to Long-Term Sustainability:
Islamic Coin's deflationary model and limited supply play a crucial role in promoting long-term sustainability and value appreciation.With a gradual reduction in the emission rate over successive Eras,the coin's scarcity increases,potentially leading to a growth in its value over time.This deflationary mechanism aims to mitigate the risks associated with inflation and ensure that the economic interests of Islamic Coin holders are safeguarded.
Conclusion:
Islamic Coin (ISLM) represents a groundbreaking financial instrument that aligns with Islamic values and traditions,offering a Shariah-compliant alternative for the global Muslim community seeking independent financial interactions.With its deflationary nature,ethical framework and emphasis on philanthropy,Islamic Coin has the potential to become a valuable and empowering crypto asset for its holders.As the world embraces the transformative potential of blockchain technology,Islamic Coin stands out as a beacon of innovation,bridging the gap between the principles of Islam and the possibilities of the digital age.By fostering financial independence and promoting philanthropy,Islamic Coin paves the way for a more inclusive and sustainable future for the global Muslim community.
For more information visit official website of Islamic Coin :
https://islamiccoin.net
$BTC $ETH $ISLM
#IslamicCoin #Haqq #BTC #BNB #googleai
🌙 Islamic Coin: The Future of Cryptocurrency for the Global Muslim Population 🌙
Islamic Coin is a Shariah-compliant digital currency designed to create value for the global Muslim community.
Islamic Coin is built on the Haqq Blockchain, meaning "Truth" in Arabic, and strictly adheres to Islamic views and traditions on finance. This cryptocurrency embraces the principles of Islamic financial law, which include the prohibition of paying or charging interest. With no interest rates within the system, Islamic Coin's price is determined solely by the market,ensuring fairness in financial interactions.
Unlike traditional fiat currencies controlled by profit-driven banks,Islamic Coin operates with the community's interests at its core. It may only be minted by validators and stakers of the network, ensuring a fair and transparent issuance process. What's truly groundbreaking is that every time a new Islamic Coin is minted, 10% of the issued amount goes into a special Evergreen DAO for further investment into Islamic projects and charitable causes.This marks a significant step in bringing direct economic value to the community.
The mission of Islamic Coin is clear: to empower the international community of the followers of Islam with a robust and future-proof financial instrument. By allowing independent financial interaction,supporting innovation and philanthropy, Islamic Coin has the potential to become one of the most important and valuable crypto assets.
Imagine this: If 3-4% of the Muslim online community holds Islamic Coin, it could become a crypto asset on the scale of Bitcoin, generating a trillion dollars for its holders and $100 billion for the Evergreen DAO. This is not just about cryptocurrency; it's about creating a sustainable and impactful future for the Muslim population worldwide.
Stay tuned for more updates on the incredible journey of Islamic Coin as it paves the way for the future of cryptocurrency in the global Muslim community. 🌟
Visit https://islamiccoin.net for more information.
#BTC #xrp #etf #ISLM #HaqqNetwork
$BTC $BNB $XRP
Islamic Coin is a Shariah-compliant digital currency designed to create value for the global Muslim community.
Islamic Coin is built on the Haqq Blockchain, meaning "Truth" in Arabic, and strictly adheres to Islamic views and traditions on finance. This cryptocurrency embraces the principles of Islamic financial law, which include the prohibition of paying or charging interest. With no interest rates within the system, Islamic Coin's price is determined solely by the market,ensuring fairness in financial interactions.
Unlike traditional fiat currencies controlled by profit-driven banks,Islamic Coin operates with the community's interests at its core. It may only be minted by validators and stakers of the network, ensuring a fair and transparent issuance process. What's truly groundbreaking is that every time a new Islamic Coin is minted, 10% of the issued amount goes into a special Evergreen DAO for further investment into Islamic projects and charitable causes.This marks a significant step in bringing direct economic value to the community.
The mission of Islamic Coin is clear: to empower the international community of the followers of Islam with a robust and future-proof financial instrument. By allowing independent financial interaction,supporting innovation and philanthropy, Islamic Coin has the potential to become one of the most important and valuable crypto assets.
Imagine this: If 3-4% of the Muslim online community holds Islamic Coin, it could become a crypto asset on the scale of Bitcoin, generating a trillion dollars for its holders and $100 billion for the Evergreen DAO. This is not just about cryptocurrency; it's about creating a sustainable and impactful future for the Muslim population worldwide.
Stay tuned for more updates on the incredible journey of Islamic Coin as it paves the way for the future of cryptocurrency in the global Muslim community. 🌟
Visit https://islamiccoin.net for more information.
#BTC #xrp #etf #ISLM #HaqqNetwork
$BTC $BNB $XRP
Shariah Oracle: Pioneering Ethical Blockchain Governance for Halal Investments
In the ever-evolving landscape of blockchain and cryptocurrency, the concept of ethical investments is gaining significant traction. One notable initiative at the forefront of this movement is the Shariah Oracle,a groundbreaking development within the HAQQ Network.This innovative mechanism is set to reshape the way blockchain projects approach ethical compliance,particularly for Muslim investors and ESG-driven stakeholders.
Halal Certification and Its Relevance
At its core,the Shariah Oracle addresses the critical issue of Halal certification in the blockchain space.For Muslim users and investors,ensuring that their financial activities align with Islamic principles is of utmost importance.Similarly,Environmental, Social and Governance (ESG)-focused investors seek opportunities that adhere to ethical standards.The Shariah Oracle acts as a bridge between these two worlds,offering a robust framework for ensuring ethical relevance.
Community Oversight and Shariah Board Approval
A key feature of the Shariah Oracle is its dual-layer approval system.The first layer involves community approval,which is granted by ISLM stakers.This approval allows a project to be listed in the HAQQ Wallet Marketplace and users can interact with such a contract without warnings,provided they choose community approval as their preferred level.This not only empowers the community but also enhances the security of the HAQQ Network.
Guarding Against Front-end Attacks
One of the pivotal functions of the community approval process is the warning system it enables.Users engaging with non-community-approved contracts receive notifications, helping to prevent potential fraudulent activities.Recent incidents like the frontend attack on the stablecoin AMM exchange, Curve,underscore the significance of such a warning system.Users are alerted when interacting with potentially compromised code,reducing the risk of fund loss.
Shariah Board Approval foe Unwavering Compliance
The second layer of approval involves the Shariah Board,who provide Shariah-compliance approval for projects.This approval not only grants projects a Shariah-compliant label but also allows users to interact with them without warnings,regardless of their preferred level of approval.Projects must undergo a rigorous review process by the Shariah Board,which reserves the right to revoke endorsements if non-compliant behavior is detected.
Towards Decentralization and Inclusivity
To maintain decentralization and avoid bottlenecks,the HAQQ Network plans to introduce authorized Shariah auditors in the future.This strategic move aims to streamline compliance audits while fostering a more decentralized approach to maintaining ethical standards.
A Gateway to Financial Inclusion
In conclusion,the Shariah Oracle is more than just a mechanism; it represents a gateway to financial inclusion for Muslim users and a haven for ESG-driven investors. It offers a unique blend of community-driven governance and Shariah compliance,paving the way for a more ethical and sustainable financial system in the blockchain era.With the HAQQ Network's Shariah Oracle leading the charge,the future of ethical blockchain governance looks promising and inclusive.
For more information visit https://haqq.network
Visit official website of Islamic Coin https://islamiccoin.net
#crypto2023 #HaqqNetwork #IslamicCoin
Halal Certification and Its Relevance
At its core,the Shariah Oracle addresses the critical issue of Halal certification in the blockchain space.For Muslim users and investors,ensuring that their financial activities align with Islamic principles is of utmost importance.Similarly,Environmental, Social and Governance (ESG)-focused investors seek opportunities that adhere to ethical standards.The Shariah Oracle acts as a bridge between these two worlds,offering a robust framework for ensuring ethical relevance.
Community Oversight and Shariah Board Approval
A key feature of the Shariah Oracle is its dual-layer approval system.The first layer involves community approval,which is granted by ISLM stakers.This approval allows a project to be listed in the HAQQ Wallet Marketplace and users can interact with such a contract without warnings,provided they choose community approval as their preferred level.This not only empowers the community but also enhances the security of the HAQQ Network.
Guarding Against Front-end Attacks
One of the pivotal functions of the community approval process is the warning system it enables.Users engaging with non-community-approved contracts receive notifications, helping to prevent potential fraudulent activities.Recent incidents like the frontend attack on the stablecoin AMM exchange, Curve,underscore the significance of such a warning system.Users are alerted when interacting with potentially compromised code,reducing the risk of fund loss.
Shariah Board Approval foe Unwavering Compliance
The second layer of approval involves the Shariah Board,who provide Shariah-compliance approval for projects.This approval not only grants projects a Shariah-compliant label but also allows users to interact with them without warnings,regardless of their preferred level of approval.Projects must undergo a rigorous review process by the Shariah Board,which reserves the right to revoke endorsements if non-compliant behavior is detected.
Towards Decentralization and Inclusivity
To maintain decentralization and avoid bottlenecks,the HAQQ Network plans to introduce authorized Shariah auditors in the future.This strategic move aims to streamline compliance audits while fostering a more decentralized approach to maintaining ethical standards.
A Gateway to Financial Inclusion
In conclusion,the Shariah Oracle is more than just a mechanism; it represents a gateway to financial inclusion for Muslim users and a haven for ESG-driven investors. It offers a unique blend of community-driven governance and Shariah compliance,paving the way for a more ethical and sustainable financial system in the blockchain era.With the HAQQ Network's Shariah Oracle leading the charge,the future of ethical blockchain governance looks promising and inclusive.
For more information visit https://haqq.network
Visit official website of Islamic Coin https://islamiccoin.net
#crypto2023 #HaqqNetwork #IslamicCoin
Meet the new #blockchain based on the principles of Islamic finance. #HaqqNetwork is the L1 blockchain of the #IslamicCoin ecosystem.
I hope that its native token #ISLM will be listed on #binance on September 1
I hope that its native token #ISLM will be listed on #binance on September 1
HAQQ Staking Economy Update
In a stride towards refining the #ISLM staking economy, significant updates have been incorporated into the HAQQ Network's whitepaper. The removal of the previous 100-year limit for ISLM minting demonstrates the commitment to adaptability and responsiveness to market dynamics. The decision to revamp token inflation aligns with industry practices, allowing for adjustments based on market performance, particularly in bearish conditions. Despite these changes, ISLM's supply remains capped at 100 billion coins, with an initial annual inflation rate set at 7.78%. Governance empowers the community to modulate token inflation and staking incentives based on diverse factors.
Staking Economy Audit
A meticulous audit of the Staking Economy on the #HaqqNetwork is reaching its culmination. The finalized module has been implemented, and security partner, Halborn, is diligently conducting the security audit. Upon completion, the audit outcomes will be presented as a governance proposal, a crucial step towards fortifying the tokenomics in line with the HAQQ Network's ethical finance mission. HAQQ anticipate the audit to be concluded and proposed within the upcoming week.
Upcoming Governance Proposal
As HAQQ prepare to submit the governance proposal on token inflation, slated for the following week, HAQQ invite you to actively participate in the voting process. Your valuable insights will contribute to the refinement of the HAQQ Network's ecosystem and uphold the commitment to ethical finance.
Regulatory Disclosures
The updated whitepaper will feature comprehensive regulatory information, underscoring the HAQQ Network's unwavering dedication to the highest compliance standards and adherence to relevant regulations.
Dive into the details of the whitepaper update at https://haqq.network/wp. Let's collectively shape the future of ethical finance in the digital age. Stay tuned for further updates!
#crypto2023 #crypto2024 $ETH $SOL $INJ
In a stride towards refining the #ISLM staking economy, significant updates have been incorporated into the HAQQ Network's whitepaper. The removal of the previous 100-year limit for ISLM minting demonstrates the commitment to adaptability and responsiveness to market dynamics. The decision to revamp token inflation aligns with industry practices, allowing for adjustments based on market performance, particularly in bearish conditions. Despite these changes, ISLM's supply remains capped at 100 billion coins, with an initial annual inflation rate set at 7.78%. Governance empowers the community to modulate token inflation and staking incentives based on diverse factors.
Staking Economy Audit
A meticulous audit of the Staking Economy on the #HaqqNetwork is reaching its culmination. The finalized module has been implemented, and security partner, Halborn, is diligently conducting the security audit. Upon completion, the audit outcomes will be presented as a governance proposal, a crucial step towards fortifying the tokenomics in line with the HAQQ Network's ethical finance mission. HAQQ anticipate the audit to be concluded and proposed within the upcoming week.
Upcoming Governance Proposal
As HAQQ prepare to submit the governance proposal on token inflation, slated for the following week, HAQQ invite you to actively participate in the voting process. Your valuable insights will contribute to the refinement of the HAQQ Network's ecosystem and uphold the commitment to ethical finance.
Regulatory Disclosures
The updated whitepaper will feature comprehensive regulatory information, underscoring the HAQQ Network's unwavering dedication to the highest compliance standards and adherence to relevant regulations.
Dive into the details of the whitepaper update at https://haqq.network/wp. Let's collectively shape the future of ethical finance in the digital age. Stay tuned for further updates!
#crypto2023 #crypto2024 $ETH $SOL $INJ
IslamicCoin : Bridging the Gap Between Cryptocurrency and Shariah Compliance on the Haqq Blockchain
In the rapidly evolving landscape of cryptocurrencies,one project stands out for its unique blend of innovation and adherence to ethical principles – IslamicCoin (ISLM). This Shariah-compliant cryptocurrency operates on the Haqq Blockchain,an ethics-first L1 blockchain aiming to revolutionize sustainable finance. Here's a closer look at how IslamicCoin is forging a path that bridges the gap between the digital age and Shariah compliance.The Haqq Blockchain Advantage: Ethics-First ApproachHaqq Blockchain sets itself apart by prioritizing sustainability,bringing together developers, validators,open-source contributors and Muslim innovators in sustainable finance. Operating as an EVM-equivalent chain built on the Cosmos SDK,Haqq Blockchain seamlessly deploys smart contracts from other EVM chains,promoting interoperability and efficiency.Shariah-Compliant Philosophy: A Core Tenet of IslamicCoin (ISLM)One of the fundamental principles of Islamic financial law is the prohibition of paying or charging interest. IslamicCoin embraces this philosophy,offering a financial instrument for the digital age that aligns with Shariah principles. The project has garnered support from renowned Shariah scholars,including Sheikh Dr. Nizam Mohammed Saleh Yaquby,recognized as 'The Gatekeeper' of a $1 trillion market for Islamic financial products.Evergreen DAO: Fueling Charitable Giving with Blockchain TechnologyIslamicCoin goes beyond transactions by incorporating a unique feature – the Evergreen DAO. This non-profit endowment automatically receives 10% of each ISLM issuance, dedicating capital to solving real-world problems. The Evergreen DAO is governed by both the community and the Shariah board, ensuring transparency and alignment with Islamic values.Global Recognition and TractionIslamicCoin has gained significant traction, boasting a social media following of over 1 million users, endorsement from ruling families in the MENA region and recognition as the Most Promising ESG Crypto Project at the Middle East Blockchain Awards. Additionally, the project has secured pre-approval from the Indonesian Fatwa, making it one of the first crypto assets declared Shariah-compliant in the country with the world's largest Muslim population.The Future Potential: Empowering the Muslim CommunityWith a vision to empower the world's Muslim community, IslamicCoin has positioned itself as a financial instrument that enables seamless transactions and interactions while supporting innovation and philanthropy. The project's potential lies in leveraging the global influence of the Muslim world and if even a small percentage of the Muslim online community holds ISLM, it could generate substantial value for holders and contribute significantly to charitable causes through the Evergreen DAO.In conclusion, IslamicCoin's commitment to Shariah compliance, sustainability and innovation on the Haqq Blockchain makes it a noteworthy player in the cryptocurrency space. As the world looks towards more ethical and inclusive financial solutions, IslamicCoin's journey represents a compelling narrative of bridging the gap between traditional values and the transformative power of blockchain technology.If you want to learn more about HAQQ Network and Islamic Coin visit https://islamiccoin.net#BTC #ETH #etf #ISLM #HaqqNetwork $BTC $ETH
Islamic Coin's Reg D Offering: Bridging Finance and Faith
In the ever-evolving landscape of cryptocurrencies and digital finance,one project stands out for its commitment to ethics,inclusivity and sustainability. Islamic Coin,a pioneering Shariah-compliant digital currency is poised to make a significant impact on the world of decentralized finance (DeFi). In an exciting development,Islamic Coin has announced its upcoming Reg D public token offering,scheduled for September 2023. This initiative not only showcases their dedication to financial innovation but also their unwavering commitment to aligning their offerings with Islamic principles.
A Unique Collaboration with Republic Crypto
Islamic Coin's journey towards its Reg D offering has been marked by strategic collaborations that have elevated its mission to create a more ethical and inclusive financial ecosystem.One such partnership that has been making waves is their collaboration with Republic Crypto,the web3 advisory group within the global digital finance leader,Republic.
This partnership brings with it a wealth of expertise and support,aimed at promoting Islamic Coin's go-to-market strategy. Republic Crypto is providing advisory services focused on tokenomics,DAO governance and long-term economic utility value.Beyond this,they are actively engaged in connecting Islamic Coin with potential strategic partners,exchanges and market makers.This collaboration exemplifies Islamic Coin's commitment to building a robust and sustainable ecosystem.
A Focus on Shariah Compliance and Sustainability
One of the standout features of Islamic Coin is its commitment to Shariah compliance.Republic Crypto has played a pivotal role in fine-tuning Islamic Coin's value proposition,advising on creating fair and Shariah-compliant allocation options, distribution mechanisms and other sustainability features within the ecosystem. This dedication to adhering to Islamic principles sets Islamic Coin apart as a digital currency that can be embraced by a global community seeking ethical and faith-based financial solutions.
A Stellar Advisory Board and Executive Team
The strength of any project lies in the expertise and vision of its leadership. Islamic Coin boasts an impressive Advisory Board steered by members of ruling families of the UAE,including prominent figures like Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan and Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan,among others.Their guidance and insights ensure that Islamic Coin remains rooted in its ethical and cultural foundations.
The Executive Board of Islamic Coin is equally distinguished,with luminaries from both traditional and Islamic finance.Notably, Emaar’s Hussein Al Meeza, an award-winning banker with over four and a half decades of experience and Khamis Buharoon AI Shamsi, formerly of the Central Bank of the UAE, contribute their wealth of knowledge.The team is further fortified by Greg Gigliotti,CEO of Xtellus Advisors,who brings a rich background in global finance.
The Future of Islamic Coin
As we anticipate the Reg D offering in September 2023,the international community of Islamic Coin holders can look forward to a host of advantages. These include options to offer liquidity,stake their holdings and participate in token distribution during the liquidity mining stage. With its unwavering commitment to ethics,sustainability and Shariah compliance, Islamic Coin is poised to redefine the landscape of digital finance, offering a platform that resonates with a global audience seeking faith-based financial solutions.
In conclusion,Islamic Coin's Reg D offering is not just an opportunity for investors; it represents a significant milestone in the convergence of finance and faith. It's a testament to the project's dedication to creating a financial ecosystem that is not only innovative but also inclusive and ethical. As the world watches with anticipation,Islamic Coin stands ready to make a profound impact on the future of finance.
For more information visit https://islamiccoin.net
#crypto2023 #Binance #IslamicCoin #HaqqNetwork
A Unique Collaboration with Republic Crypto
Islamic Coin's journey towards its Reg D offering has been marked by strategic collaborations that have elevated its mission to create a more ethical and inclusive financial ecosystem.One such partnership that has been making waves is their collaboration with Republic Crypto,the web3 advisory group within the global digital finance leader,Republic.
This partnership brings with it a wealth of expertise and support,aimed at promoting Islamic Coin's go-to-market strategy. Republic Crypto is providing advisory services focused on tokenomics,DAO governance and long-term economic utility value.Beyond this,they are actively engaged in connecting Islamic Coin with potential strategic partners,exchanges and market makers.This collaboration exemplifies Islamic Coin's commitment to building a robust and sustainable ecosystem.
A Focus on Shariah Compliance and Sustainability
One of the standout features of Islamic Coin is its commitment to Shariah compliance.Republic Crypto has played a pivotal role in fine-tuning Islamic Coin's value proposition,advising on creating fair and Shariah-compliant allocation options, distribution mechanisms and other sustainability features within the ecosystem. This dedication to adhering to Islamic principles sets Islamic Coin apart as a digital currency that can be embraced by a global community seeking ethical and faith-based financial solutions.
A Stellar Advisory Board and Executive Team
The strength of any project lies in the expertise and vision of its leadership. Islamic Coin boasts an impressive Advisory Board steered by members of ruling families of the UAE,including prominent figures like Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan and Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan,among others.Their guidance and insights ensure that Islamic Coin remains rooted in its ethical and cultural foundations.
The Executive Board of Islamic Coin is equally distinguished,with luminaries from both traditional and Islamic finance.Notably, Emaar’s Hussein Al Meeza, an award-winning banker with over four and a half decades of experience and Khamis Buharoon AI Shamsi, formerly of the Central Bank of the UAE, contribute their wealth of knowledge.The team is further fortified by Greg Gigliotti,CEO of Xtellus Advisors,who brings a rich background in global finance.
The Future of Islamic Coin
As we anticipate the Reg D offering in September 2023,the international community of Islamic Coin holders can look forward to a host of advantages. These include options to offer liquidity,stake their holdings and participate in token distribution during the liquidity mining stage. With its unwavering commitment to ethics,sustainability and Shariah compliance, Islamic Coin is poised to redefine the landscape of digital finance, offering a platform that resonates with a global audience seeking faith-based financial solutions.
In conclusion,Islamic Coin's Reg D offering is not just an opportunity for investors; it represents a significant milestone in the convergence of finance and faith. It's a testament to the project's dedication to creating a financial ecosystem that is not only innovative but also inclusive and ethical. As the world watches with anticipation,Islamic Coin stands ready to make a profound impact on the future of finance.
For more information visit https://islamiccoin.net
#crypto2023 #Binance #IslamicCoin #HaqqNetwork
Everyone in the crypto industry will soon be talking about this #Islamiccoin project, so don't miss the opportunity to buy its #ISLM token on exchanges right now!
By the way, a very informative article explaining the staking process in the #HaqqNetwork
$SYS $SEI $USTC
By the way, a very informative article explaining the staking process in the #HaqqNetwork
$SYS $SEI $USTC
LIVEH00riyah
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Century Coinomics: Understanding ISLM and Staking on HAQQ Network
Assalamu allaikum and greetings fellow crypto enthusiasts and Islamic Coin Maxis! Today, we're diving into the dynamics of ISLM's supply, distribution, and the power of staking on HAQQ Network.
What is Staking?
Staking involves locking your ISLM coins by bonding them to validators. These validators maintain the HAQQ Network, and by bonding your coins, you delegate voting power to validators. This also turns you into a delegator, granting you the ability to earn rewards and participate in network governance through the Tendermint BFT consensus mechanism.
The Mainnet Launch and Minting
Upon HAQQ Mainnet launch, new coin minting is temporarily halted. This is part of a strategy called Proof of Authority consensus, where the Core Team controls a limited set of validators. This approach ensures proper testing of Century Coinomics and familiarizes the HAQQ community with staking and validator operation.
The HAQQ public Testnet, however, will be launched with Proof of Stake and minting enabled. After evaluation and stability confirmation, minting will be activated on the Mainnet. This expansion also involves transitioning from the Core Team's restricted validator set to an open set.
$ISLM Distribution and Supply
As minting resumes, every block generates new ISLM coins along with collected gas fees. These are distributed among validators, delegators, and the Evergreen DAO:
- 10% goes to Evergreen DAO
- 1% to 5% benefits a block proposer and its delegators
- The remainder is proportionally divided among bonded validators and their delegators.
Delegator rewards are based on the amount of their delegation relative to the total, including the validator's self-delegation.
ISLM Supply and Era
The supply of ISLM is capped at 100 billion coins. Each Era, which spans 2 years, sees a 5% reduction in emission rate. Emission stops 100 years from the first block of the first Era. The initial Era mints 4.33% of coins, followed by 4.12%, and the 9th Era sees 2.87% minted. Over 50% of the total supply is minted by the 9th Era's end, including the initial 20 billion supply. The 50th Era concludes with 100% (100 billion ISLM) minted.
Initial Supply Breakdown
The initial 20 billion supply breakdown:
- 2 billion for the Evergreen Foundation
- 5.5 billion for Partners (boards, initial supporters, promoters, market makers)
- 4 billion for Initial Private Sale to qualified investors
- 5.5 billion for Business reserve and ecosystem development fund
- 3 billion for Founders Reward
Coins dedicated to the Evergreen DAO remain
locked until deployment on Mainnet #BTC #USTC #cryto2023 #crytocurrency
What is Staking?
Staking involves locking your ISLM coins by bonding them to validators. These validators maintain the HAQQ Network, and by bonding your coins, you delegate voting power to validators. This also turns you into a delegator, granting you the ability to earn rewards and participate in network governance through the Tendermint BFT consensus mechanism.
The Mainnet Launch and Minting
Upon HAQQ Mainnet launch, new coin minting is temporarily halted. This is part of a strategy called Proof of Authority consensus, where the Core Team controls a limited set of validators. This approach ensures proper testing of Century Coinomics and familiarizes the HAQQ community with staking and validator operation.
The HAQQ public Testnet, however, will be launched with Proof of Stake and minting enabled. After evaluation and stability confirmation, minting will be activated on the Mainnet. This expansion also involves transitioning from the Core Team's restricted validator set to an open set.
$ISLM Distribution and Supply
As minting resumes, every block generates new ISLM coins along with collected gas fees. These are distributed among validators, delegators, and the Evergreen DAO:
- 10% goes to Evergreen DAO
- 1% to 5% benefits a block proposer and its delegators
- The remainder is proportionally divided among bonded validators and their delegators.
Delegator rewards are based on the amount of their delegation relative to the total, including the validator's self-delegation.
ISLM Supply and Era
The supply of ISLM is capped at 100 billion coins. Each Era, which spans 2 years, sees a 5% reduction in emission rate. Emission stops 100 years from the first block of the first Era. The initial Era mints 4.33% of coins, followed by 4.12%, and the 9th Era sees 2.87% minted. Over 50% of the total supply is minted by the 9th Era's end, including the initial 20 billion supply. The 50th Era concludes with 100% (100 billion ISLM) minted.
Initial Supply Breakdown
The initial 20 billion supply breakdown:
- 2 billion for the Evergreen Foundation
- 5.5 billion for Partners (boards, initial supporters, promoters, market makers)
- 4 billion for Initial Private Sale to qualified investors
- 5.5 billion for Business reserve and ecosystem development fund
- 3 billion for Founders Reward
Coins dedicated to the Evergreen DAO remain
locked until deployment on Mainnet #BTC #USTC #cryto2023 #crytocurrency
What you need to know about Islamic coin
Upcoming airdrop?... Launch date: September 1, 2023 😲😍
One of the most popular crypto projects created on the principles of Islamic financial laws is the Islamic coin #ISLM ($ISLM).
A lot of buzz in the air about it relative to an upcoming airdrop. You can check online. Read about the airdrop. And make your decision.
However, here are 🤟twelve things to know about this project:
1. Islamic Coin is the native asset of the #HaqqNetwork and serves various purposes, including payments, governance, gas fees, and staking.
2. The #Haqq Network is a Proof of Stake blockchain that operates the Islamic Coin, providing a fast and trusted platform compatible with Ethereum-based applications.
3. Century Coinomics is the tokenomic system used by the network, designed to complete token emissions over a 100-year period with a gradual reduction rate every two years.
4. The Evergreen DAO, funded by ISLM token emissions and network fees, supports innovative projects for the global Islamic 🕌community within the Haqq Network.
5. The IC Network, a privately financed tech firm founded by Andrey Kuznetsov, is the developer of the Shariah-compliant Haqq Blockchain and Islamic Coin.
6. The total supply of Islamic Coin (ISLM) is 100 billion tokens, emitted over a 100-year period with diminishing emission rates every two years.
7. Wallets that currently support the Haqq Network include hardware wallets like Ledger and Trezor, browser-based wallets like MetaMask, Keplr, and the Haqq Mobile App wallets.
8. ISLM staking allows holders to lock up their tokens and delegate voting power to validators 👨💻 to earn rewards in return.
9. Haqq Network offers grants to developers for Shariah-compliant projects, partnering with organizations like the United Nations Sustainable Development Goals and World Green Growth Organization.
10. The team behind Islamic Coin and Haqq Network consists of professionals from various fields, including Islamic banking, finance, computer science, and telecommunications.
11. The Haqq Network has a 🛣️ roadmap that includes transitioning from Proof of Authority to Proof of Stake, integrating ISLM as a payment method with major partners, and launching a Swiss payment card backed by Islamic Coin.
12. Islamic Coin aims to drive financial inclusion and empowerment based on Islamic finance principles, fostering prosperity and development for the Muslim community worldwide.
One more thing: by Q1 2024, they would be issuing Gold-pegged stablecoin with top UAE banks.
What do you see?
Money or ...?🥵
One of the most popular crypto projects created on the principles of Islamic financial laws is the Islamic coin #ISLM ($ISLM).
A lot of buzz in the air about it relative to an upcoming airdrop. You can check online. Read about the airdrop. And make your decision.
However, here are 🤟twelve things to know about this project:
1. Islamic Coin is the native asset of the #HaqqNetwork and serves various purposes, including payments, governance, gas fees, and staking.
2. The #Haqq Network is a Proof of Stake blockchain that operates the Islamic Coin, providing a fast and trusted platform compatible with Ethereum-based applications.
3. Century Coinomics is the tokenomic system used by the network, designed to complete token emissions over a 100-year period with a gradual reduction rate every two years.
4. The Evergreen DAO, funded by ISLM token emissions and network fees, supports innovative projects for the global Islamic 🕌community within the Haqq Network.
5. The IC Network, a privately financed tech firm founded by Andrey Kuznetsov, is the developer of the Shariah-compliant Haqq Blockchain and Islamic Coin.
6. The total supply of Islamic Coin (ISLM) is 100 billion tokens, emitted over a 100-year period with diminishing emission rates every two years.
7. Wallets that currently support the Haqq Network include hardware wallets like Ledger and Trezor, browser-based wallets like MetaMask, Keplr, and the Haqq Mobile App wallets.
8. ISLM staking allows holders to lock up their tokens and delegate voting power to validators 👨💻 to earn rewards in return.
9. Haqq Network offers grants to developers for Shariah-compliant projects, partnering with organizations like the United Nations Sustainable Development Goals and World Green Growth Organization.
10. The team behind Islamic Coin and Haqq Network consists of professionals from various fields, including Islamic banking, finance, computer science, and telecommunications.
11. The Haqq Network has a 🛣️ roadmap that includes transitioning from Proof of Authority to Proof of Stake, integrating ISLM as a payment method with major partners, and launching a Swiss payment card backed by Islamic Coin.
12. Islamic Coin aims to drive financial inclusion and empowerment based on Islamic finance principles, fostering prosperity and development for the Muslim community worldwide.
One more thing: by Q1 2024, they would be issuing Gold-pegged stablecoin with top UAE banks.
What do you see?
Money or ...?🥵
Unveiling IslamicCoin's Vision: Bridging Faith and Finance in the Digital Era
In the ever-evolving landscape of cryptocurrency, IslamicCoin stands as a pioneering project, dedicated to harmonizing the principles of Islamic finance with the dynamic world of blockchain technology. With a mission to onboard over 1.9 billion Muslims into the digital finance ecosystem without compromising their values, IslamicCoin is making waves as a groundbreaking cryptocurrency project.1. The Mission and Values:IslamicCoin's core mission revolves around creating a bridge between the rapidly expanding realm of cryptocurrencies and the principles deeply embedded in Islamic finance. With an unwavering commitment to onboarding the global Muslim community into the digital finance era, IslamicCoin is set to reshape the landscape of ethical finance.2. The Native Token - ISLM:At the heart of IslamicCoin's ecosystem lies its native token, ISLM. Designed to fuel innovation in Shariah-compliant and ethical financial applications, ISLM serves multiple utility functions, including staking, governance, payments, and facilitating Islamic Bonds, also known as Sukuk. This native token plays a pivotal role in establishing a Shariah-compliant ecosystem within the growing defisphere.3. Exchange Partnerships - Haqqex and Sushiswap:IslamicCoin strategically chooses exchange partnerships to align with its vision. Haqqex, a Shariah-compliant crypto exchange, reflects the commitment to ethical finance, providing Muslims worldwide with opportunities to participate in modern financial systems. Additionally, the collaboration with Sushiswap, a decentralized exchange (DEX), caters to the needs of DeFi natives, ensuring a diverse and inclusive user base.4. The Everything App - Connecting Lives with ISLM:IslamicCoin envisions a revolutionary "Everything App," a comprehensive solution for communication, spending, investment, and more. Centered around ISLM's versatile utilities, this app aims to simplify the lives of users, offering a one-stop-shop for various needs.5. Ethical NFT Marketplace:In a move to address challenges prevalent in the conventional NFT sector, IslamicCoin introduces an ethical NFT marketplace. Fueled by the Shariah Oracle, this marketplace ensures compliance within the HAQQ wallet, preventing unethical transaction practices and providing a model based on Islamic finance principles.6. Super Utility Single Token - ISLM's Role in Web3:IslamicCoin places a strong emphasis on the super utility of ISLM. Recognizing the importance of utility over token prices, IslamicCoin forges collaborations and partnerships across major sectors. The goal is to empower ISLM holders to actively participate in ethical Web3 initiatives, becoming a cornerstone asset not solely dependent on market trends.7. Transparent Governance and Inclusive Participation:IslamicCoin's commitment to transparent governance is reflected in the community-driven model of HAQQ, the underlying PoS blockchain. Inclusive and Shariah-compliant governance allows community members to propose, back, and vote on initiatives, ensuring a fair and ethical decision-making process.8. Interest-Free Trading and Ethical Financial Models:IslamicCoin pioneers interest-free trading, adhering to Shariah principles. Through unique financial frameworks like Mudarabah and Musharakah, IslamicCoin fosters a sustainable and fair financial system. The project actively promotes these models through hackathons and ecosystem funds, encouraging innovation within the community.9. Philanthropy and Evergreen DAO:Philanthropy is integral to IslamicCoin's ethos. The Evergreen DAO allocates a portion of each minted ISLM to charitable initiatives, aligning with Zakat, one of the five pillars of Islam. Governed by the HAQQ Community and HAQQ Shariah Board, Evergreen DAO ensures the transparent and principled allocation of funds.10. Future Developments and Collaborations:As IslamicCoin progresses, collaborations with CoinPayments and Axelar showcase the project's commitment to growth. Upcoming developments include a gold-backed stablecoin and advancements in HaqqPad and Haqq Labs, further positioning IslamicCoin as a narrative-agnostic force in the digital finance ecosystem.In conclusion, IslamicCoin's journey is not just about technological advancements but a conscious effort to create an ethical and inclusive financial future. With each strategic move, IslamicCoin solidifies its role as a transformative force, bringing faith and finance together in the digital era.#Islamiccoin #Haqqex #HaqqNetwork #BTC $BTC $ETH $ISLM
USDC integration: HAQQ paves the way for seamless transactions with 50+ chains
In a groundbreaking development, HAQQ proudly announces the integration of #usdc , opening up avenues for users to seamlessly bridge their USDC holdings between Ethereum Mainnet, 50+ chains, and the HAQQ ecosystem. Leveraging the cutting-edge Axelar Satellite, this integration marks a significant stride towards achieving HAQQ's vision of harmonizing Shariah-compliant principles with state-of-the-art technology, fostering a more equitable and sustainable financial system that encompasses the burgeoning decentralized finance (DeFi) landscape.
Axelar, esteemed partner in this venture, stands as a stalwart provider of secure cross-chain communication for Web3. Their robust infrastructure empowers users of decentralized applications (dApps) to effortlessly interact with any asset or application across multiple chains with a simple click. Connecting an extensive network of 50+ blockchains, including Cosmos and Ethereum Virtual Machine (EVM) chains, Axelar's cross-chain solution facilitates seamless interoperability.
Stablecoins, exemplified by the widely recognized USDC, play a pivotal role in DeFi ecosystems by providing a stable value amidst the often-volatile cryptocurrency market. With a substantial market capitalization exceeding $24 billion, USDC serves as a cornerstone for DeFi transactions, supporting consistent trading, lending, and borrowing practices. The stability it offers mitigates risks associated with crypto market fluctuations, fostering wider adoption. HAQQ ecosystem users can now effortlessly transact USDC between HAQQ and any other chain supported by Axelar's cross-chain solution. This initiative is designed to potentially enhance liquidity and stimulate the development of Shariah-compliant DeFi use-cases.
In addition to the USDC integration, HAQQ is actively exploring the incorporation of Sharia-compliant gold-backed tokens into its ecosystem. This move aligns with Islamic financial principles, offering a stable and ethical investment option. The collaboration with the Axelar network aims to enhance the accessibility of these gold-backed tokens, potentially facilitating smoother cross-chain transactions and encouraging broader adoption within the DeFi ecosystem. This initiative seeks to create new opportunities for users seeking financial services that adhere to Sharia law, blending the traditional stability of gold with the innovative prospects of decentralized finance.
For users eager to take advantage of this groundbreaking integration, the process is streamlined through Axelar's Satellite Money platform. Follow these steps to bridge your USDC from Ethereum to HAQQ:
Visit satellite.money, the web interface built on Axelar, facilitating asset transfers between EVM and Cosmos chains.Select 'Ethereum' as the origin chain and 'HAQQ' as the destination chain.Connect your Ethereum wallet (typically MetaMask), where your funds are stored for bridging.To receive USDC in the form of axlUSDC (Axelar-wrapped USDC pegged 1:1), download and connect your Keplr Wallet in the destination tab. Ensure the safety of your private keys.With both your Keplr Wallet and MetaMask connected, click the 'Generate Deposit Address' button at the bottom.Sign off on the transaction with your Ethereum wallet. Your USDC is en route!Allow approximately 20 minutes for the transaction to be confirmed. Congratulations, your USDC has been successfully bridged to HAQQ!
As we embark on this transformative journey, HAQQ is actively collaborating with partners and builders both within and outside our ecosystem to usher in an exciting era of Shariah-compliant DeFi on HAQQ. Stay tuned for more updates on this front.
#Islamiccoin #ISLM #HaqqNetwork #Polygon $SOL $XRP $BNB
Axelar, esteemed partner in this venture, stands as a stalwart provider of secure cross-chain communication for Web3. Their robust infrastructure empowers users of decentralized applications (dApps) to effortlessly interact with any asset or application across multiple chains with a simple click. Connecting an extensive network of 50+ blockchains, including Cosmos and Ethereum Virtual Machine (EVM) chains, Axelar's cross-chain solution facilitates seamless interoperability.
Stablecoins, exemplified by the widely recognized USDC, play a pivotal role in DeFi ecosystems by providing a stable value amidst the often-volatile cryptocurrency market. With a substantial market capitalization exceeding $24 billion, USDC serves as a cornerstone for DeFi transactions, supporting consistent trading, lending, and borrowing practices. The stability it offers mitigates risks associated with crypto market fluctuations, fostering wider adoption. HAQQ ecosystem users can now effortlessly transact USDC between HAQQ and any other chain supported by Axelar's cross-chain solution. This initiative is designed to potentially enhance liquidity and stimulate the development of Shariah-compliant DeFi use-cases.
In addition to the USDC integration, HAQQ is actively exploring the incorporation of Sharia-compliant gold-backed tokens into its ecosystem. This move aligns with Islamic financial principles, offering a stable and ethical investment option. The collaboration with the Axelar network aims to enhance the accessibility of these gold-backed tokens, potentially facilitating smoother cross-chain transactions and encouraging broader adoption within the DeFi ecosystem. This initiative seeks to create new opportunities for users seeking financial services that adhere to Sharia law, blending the traditional stability of gold with the innovative prospects of decentralized finance.
For users eager to take advantage of this groundbreaking integration, the process is streamlined through Axelar's Satellite Money platform. Follow these steps to bridge your USDC from Ethereum to HAQQ:
Visit satellite.money, the web interface built on Axelar, facilitating asset transfers between EVM and Cosmos chains.Select 'Ethereum' as the origin chain and 'HAQQ' as the destination chain.Connect your Ethereum wallet (typically MetaMask), where your funds are stored for bridging.To receive USDC in the form of axlUSDC (Axelar-wrapped USDC pegged 1:1), download and connect your Keplr Wallet in the destination tab. Ensure the safety of your private keys.With both your Keplr Wallet and MetaMask connected, click the 'Generate Deposit Address' button at the bottom.Sign off on the transaction with your Ethereum wallet. Your USDC is en route!Allow approximately 20 minutes for the transaction to be confirmed. Congratulations, your USDC has been successfully bridged to HAQQ!
As we embark on this transformative journey, HAQQ is actively collaborating with partners and builders both within and outside our ecosystem to usher in an exciting era of Shariah-compliant DeFi on HAQQ. Stay tuned for more updates on this front.
#Islamiccoin #ISLM #HaqqNetwork #Polygon $SOL $XRP $BNB
Islamic Coin: A Shariah-Compliant Digital Currency Transforming Finance
In the ever-evolving world of cryptocurrency, a unique digital currency is making waves by adhering to strict ethical and religious principles. Islamic Coin (ISLM) is not just another cryptocurrency; it's a groundbreaking digital currency designed to meet the financial needs of one of the largest global communities,the Muslim population.With a mission to deliver lasting,powerful impact for the Muslim community worldwide, Islamic Coin is founded on the principles of Shariah compliance. Shariah law is a religious law that guides many aspects of Muslims' lives,including their financial interactions. One of the core principles of Islamic financial law is the prohibition of paying or charging interest,which distinguishes it from conventional finance.Islamic Coin,being the first digital currency to provide economic and social benefits, supports innovation and ensures sustainable, long-term growth through a dedicated Evergreen DAO. The Evergreen DAO functions as a crypto endowment,focusing on long-term sustainability and community impact.What sets Islamic Coin apart from traditional financial systems is its alignment with Islamic principles.Unlike conventional banking systems, Islamic Coin does not operate on the basis of interest,which is considered haram (forbidden) in Islamic finance. Instead, it relies on a unique minting process. Validators and stakers of the network contribute work and investment to mint new coins at a predetermined rate,ensuring that the currency's value remains stable.One of the standout features of Islamic Coin is its commitment to philanthropy. Every time new Islamic Coin is minted, 10% of the issued amount is deposited into the Evergreen DAO, which is used for further investment into Islamic projects or donated to Islamic charities. This approach brings direct economic value to the Muslim community and aligns with the principles of charity (zakat) in Islam.The Shariah Oracle,another integral component of the Islamic Coin ecosystem, ensures that all smart contracts that interact with the HAQQ Wallet are Shariah-compliant. This feature is essential for Muslims and ESG-driven investors who prioritize ethical investing practices.The Shariah Oracle involves a two-level approval process: community approval and Shariah board approval,ensuring transparency and security.Islamic Coin is built on the HAQQ Network,a blockchain platform based on Cosmos Software Development Kit,offering high throughput with instant finality. This means that HAQQ is not limited to the realm of finance; it can support various applications, including social platforms,games and educational projects.As the world approaches mass adoption of cryptocurrencies, Islamic Coin is emerging as a unique and transformative force in the crypto industry. It stands as a testament to how a digital currency can be both sustainable and powerful,all while adhering to a set of ethical and religious principles that resonate with a global community.In an age where innovation and inclusivity are paramount,Islamic Coin paves the way for the integration of Islamic finance principles into the digital economy. It exemplifies the harmonious coexistence of blockchain technology and religious beliefs,opening new possibilities for the Muslim community and beyond. Islamic Coin is not just a digital currency; it's a bridge between modern finance and timeless traditions.For more information,visit official website of Islamic Coin 👉 https://islamiccoin.net#BTC #xrp #etf #ISLM #HaqqNetwork $BTC $MEME
The moment we've all been waiting for: the Islamic coin is gaining momentum, could it be the gem up to 100x in 2024? 🚀💎
Did you know that this game-changing coin has already rocked the market on one exchange?
Cryptocurrency enthusiasts are jumping on board, eager to get their hands on this crypto gem. #ISLM
Mark your calendars for 22/12/23, as the spectacle is about to get even more thrilling. Get ready for the grand launch of IslamicCoin ($ISLM) on another centralized exchange from the A-list! #Islamiccoin
The stage is set, the curtain is about to rise, and believe me, you won't want to miss this event! #BTC
The fusion of cutting-edge technology with Islamic financial principles is reshaping the landscape, and you're invited to be a part of it! 🌌✨ #HaqqNetwork
Don't miss your ticket to the moon - see you in the comments!
$BTC $SOL $BNB
Did you know that this game-changing coin has already rocked the market on one exchange?
Cryptocurrency enthusiasts are jumping on board, eager to get their hands on this crypto gem. #ISLM
Mark your calendars for 22/12/23, as the spectacle is about to get even more thrilling. Get ready for the grand launch of IslamicCoin ($ISLM) on another centralized exchange from the A-list! #Islamiccoin
The stage is set, the curtain is about to rise, and believe me, you won't want to miss this event! #BTC
The fusion of cutting-edge technology with Islamic financial principles is reshaping the landscape, and you're invited to be a part of it! 🌌✨ #HaqqNetwork
Don't miss your ticket to the moon - see you in the comments!
$BTC $SOL $BNB
Islamic Coin and VARA: Shaping a Compliant and Transparent Future
In the ever-evolving landscape of cryptocurrency, the convergence of blockchain technology with ethical and compliant financial systems is a notable development. Islamic Coin ( #ISLM ) stands at the forefront of this intersection, paving the way for a Shariah-compliant digital ecosystem. In recent news, the VARA inquiry has provided insights into the technical compliance status of Islamic Coin, signaling a commitment to transparency and regulatory standards.
Islamic Coin: Nurturing Shariah-Compliant Finance
Islamic Coin emerged as a pioneer in the world of Shariah-compliant digital currencies. Operating on the #HaqqNetwork blockchain, ISLM embodies the principles outlined in the Quran, offering a digital counterpart aligned with Islamic financial values. Its unique feature lies in the formal recognition of Shariah compliance through a Fatwa, emphasizing its adherence to Islamic financial principles.
Key Features of Islamic Coin:
Shariah Compliance: ISLM strictly adheres to Islamic financial laws, making it a trusted choice for users seeking ethical and compliant financial solutions.Financial Services: Beyond being a cryptocurrency, ISLM facilitates staking, trading, lending, and governance, catering to diverse financial needs.Philanthropy: Islamic Coin integrates philanthropy by allocating 10% of each ISLM issuance to the Evergreen DAO for charity donations and Islamic investments.
VARA Inquiry: A Step Towards Transparency
The VARA inquiry marks a significant development in #Islamiccoin 's journey, showcasing its commitment to transparency and regulatory compliance. The inquiry delves into areas of technical non-compliance, providing valuable insights that the ISLM team is actively addressing in collaboration with the regulatory body.
Highlights of the VARA Inquiry:
Technical Non-Compliance Insights: The inquiry has shed light on areas that require attention for technical compliance, fostering a proactive approach to resolve identified gaps.Commitment to Transparency: Islamic Coin reaffirms its dedication to transparency by actively working on resolving the identified issues, aligning with regulatory standards.Collaboration with VARA: The active collaboration with VARA demonstrates Islamic Coin's commitment to ensuring its activities in the Dubai market align with regulatory standards.
Looking Ahead: A Secure and Regulatory-Compliant Environment
The recent developments involving Islamic Coin and VARA underscore the ongoing efforts to create a secure, compliant, and trustworthy digital financial environment. As Islamic Coin navigates the intricacies of regulatory standards, its community can anticipate a future characterized by innovation, transparency, and the continued pursuit of excellence.
Conclusion
Islamic Coin's journey, coupled with the insights from the VARA inquiry, exemplifies the project's resilience and commitment to fostering Shariah-compliant finance within the decentralized digital landscape. These developments position Islamic Coin as a key player in the intersection of blockchain technology and ethical financial practices, shaping a future where compliance and transparency are paramount.
#crypto2023 #crypto2024 $SOL $BNB $XRP
Islamic Coin: Nurturing Shariah-Compliant Finance
Islamic Coin emerged as a pioneer in the world of Shariah-compliant digital currencies. Operating on the #HaqqNetwork blockchain, ISLM embodies the principles outlined in the Quran, offering a digital counterpart aligned with Islamic financial values. Its unique feature lies in the formal recognition of Shariah compliance through a Fatwa, emphasizing its adherence to Islamic financial principles.
Key Features of Islamic Coin:
Shariah Compliance: ISLM strictly adheres to Islamic financial laws, making it a trusted choice for users seeking ethical and compliant financial solutions.Financial Services: Beyond being a cryptocurrency, ISLM facilitates staking, trading, lending, and governance, catering to diverse financial needs.Philanthropy: Islamic Coin integrates philanthropy by allocating 10% of each ISLM issuance to the Evergreen DAO for charity donations and Islamic investments.
VARA Inquiry: A Step Towards Transparency
The VARA inquiry marks a significant development in #Islamiccoin 's journey, showcasing its commitment to transparency and regulatory compliance. The inquiry delves into areas of technical non-compliance, providing valuable insights that the ISLM team is actively addressing in collaboration with the regulatory body.
Highlights of the VARA Inquiry:
Technical Non-Compliance Insights: The inquiry has shed light on areas that require attention for technical compliance, fostering a proactive approach to resolve identified gaps.Commitment to Transparency: Islamic Coin reaffirms its dedication to transparency by actively working on resolving the identified issues, aligning with regulatory standards.Collaboration with VARA: The active collaboration with VARA demonstrates Islamic Coin's commitment to ensuring its activities in the Dubai market align with regulatory standards.
Looking Ahead: A Secure and Regulatory-Compliant Environment
The recent developments involving Islamic Coin and VARA underscore the ongoing efforts to create a secure, compliant, and trustworthy digital financial environment. As Islamic Coin navigates the intricacies of regulatory standards, its community can anticipate a future characterized by innovation, transparency, and the continued pursuit of excellence.
Conclusion
Islamic Coin's journey, coupled with the insights from the VARA inquiry, exemplifies the project's resilience and commitment to fostering Shariah-compliant finance within the decentralized digital landscape. These developments position Islamic Coin as a key player in the intersection of blockchain technology and ethical financial practices, shaping a future where compliance and transparency are paramount.
#crypto2023 #crypto2024 $SOL $BNB $XRP
🚀 Unveiling the Future of Blockchain: Explore HAQQ Network- Your Gateway to Innovation ! 🌐
Dive into the world of HAQQ,a groundbreaking Ethereum-compatible Proof of Stake network with instant finality. 🌟 Here's a glimpse of what sets HAQQ apart:
🤝 Ethereum Compatibility: Developers,rejoice ! HAQQ allows you to build applications seamlessly using the existing Ethereum codebase and toolset.No need to rewrite those smart contracts!
🌿 Evergreen DAO: Empowering the international Islamic community,HAQQ's Evergreen DAO is fueled by ISLM emissions and network fees. It's your ticket to supporting innovative projects.
💼 High Throughput & Instant Finality: HAQQ isn't just for finance – it's perfect for social platforms, games,educational projects and beyond. With high throughput and instant finality,experience a new era of efficiency.
💰 Proof of Stake Mechanism: Join the consensus ! HAQQ's Proof of Stake mechanism allows ISLM holders to participate in securing the network and earn rewards. Your stake,your power!
🌌 Built on Tendermint,Cosmos SDK and IBC: HAQQ leverages the robust Tendermint Core consensus engine,Cosmos SDK's modular framework and Inter-Blockchain Communication (IBC) compatibility. It's a technological marvel ensuring security,consistency and interoperability.
Ready to explore the future of blockchain ? Visit https://haqq.network
#Write2Earn #WLD #PIXEL #HaqqNetwork #ISLM
$SOL $DIA $ORN
Dive into the world of HAQQ,a groundbreaking Ethereum-compatible Proof of Stake network with instant finality. 🌟 Here's a glimpse of what sets HAQQ apart:
🤝 Ethereum Compatibility: Developers,rejoice ! HAQQ allows you to build applications seamlessly using the existing Ethereum codebase and toolset.No need to rewrite those smart contracts!
🌿 Evergreen DAO: Empowering the international Islamic community,HAQQ's Evergreen DAO is fueled by ISLM emissions and network fees. It's your ticket to supporting innovative projects.
💼 High Throughput & Instant Finality: HAQQ isn't just for finance – it's perfect for social platforms, games,educational projects and beyond. With high throughput and instant finality,experience a new era of efficiency.
💰 Proof of Stake Mechanism: Join the consensus ! HAQQ's Proof of Stake mechanism allows ISLM holders to participate in securing the network and earn rewards. Your stake,your power!
🌌 Built on Tendermint,Cosmos SDK and IBC: HAQQ leverages the robust Tendermint Core consensus engine,Cosmos SDK's modular framework and Inter-Blockchain Communication (IBC) compatibility. It's a technological marvel ensuring security,consistency and interoperability.
Ready to explore the future of blockchain ? Visit https://haqq.network
#Write2Earn #WLD #PIXEL #HaqqNetwork #ISLM
$SOL $DIA $ORN
IslamicCoin is the evolution of money!
Project aims to make IS seamless and user-friendly like it's a critical part of life💯
Join IslamicCoin and Haqq (Blockchain)
to be a part of this revolutionary journey.💚
#BTC #etc #Islamiccoin #HaqqNetwork
#ENS $BTC $BNB $XRP
Project aims to make IS seamless and user-friendly like it's a critical part of life💯
Join IslamicCoin and Haqq (Blockchain)
to be a part of this revolutionary journey.💚
#BTC #etc #Islamiccoin #HaqqNetwork
#ENS $BTC $BNB $XRP
Hey fans, great news for Crypto lovers, and most especially, for enthusiasts of Islamic Coin ISLM.
Do you know that you can just buy ISLM without any hassle of exchanging =N= to $?
#HaqqNetwork and TransFi has taken off all the headaches 😎
With this innovative move, ISLM adoption in Nigeria has greatly been simplified 💪
#BinanceTournament #AVAX #BTC #LUNA
Do you know that you can just buy ISLM without any hassle of exchanging =N= to $?
#HaqqNetwork and TransFi has taken off all the headaches 😎
With this innovative move, ISLM adoption in Nigeria has greatly been simplified 💪
#BinanceTournament #AVAX #BTC #LUNA
#HAQQ 's native token, #ISLM , plays a central role in advancing the digital ethical finance economy. Notably, users can engage in staking, earning ISLM rewards while contributing to HAQQ's security. Responding to community input, the previous 100-year limit on ISLM minting has been removed.
The ISLM token inflation has been revamped for better adaptability to market conditions. Despite this, the ISLM supply is capped at 100 billion coins, featuring an annual inflation rate initially set at 7.78%. Governance controls this coefficient, allowing the community to influence token inflation and staking incentives.
Excitingly, a thorough Staking Economy audit, conducted by security partner #HalbornSecurity , is nearing completion. This audit is expected to become a governance proposal, emphasizing transparency and security.
As HAQQ prepares to submit a governance proposal on token inflation next week, community involvement is encouraged. Active participation during the proposal's launch is vital for refining the #ecosystem. The updated version will incorporate comprehensive regulatory information, showcasing HAQQ's dedication to the highest compliance standards in line with regulations. Your insights and suggestions are crucial as HAQQ continues to fine-tune its ecosystem for the benefit of its esteemed community.
#HaqqNetwork $ETH
The ISLM token inflation has been revamped for better adaptability to market conditions. Despite this, the ISLM supply is capped at 100 billion coins, featuring an annual inflation rate initially set at 7.78%. Governance controls this coefficient, allowing the community to influence token inflation and staking incentives.
Excitingly, a thorough Staking Economy audit, conducted by security partner #HalbornSecurity , is nearing completion. This audit is expected to become a governance proposal, emphasizing transparency and security.
As HAQQ prepares to submit a governance proposal on token inflation next week, community involvement is encouraged. Active participation during the proposal's launch is vital for refining the #ecosystem. The updated version will incorporate comprehensive regulatory information, showcasing HAQQ's dedication to the highest compliance standards in line with regulations. Your insights and suggestions are crucial as HAQQ continues to fine-tune its ecosystem for the benefit of its esteemed community.
#HaqqNetwork $ETH
