What you should know about The EvergreenDAO ?
Evergreen DAO - Islamic Coin's Philanthropy Initiative!
It is built to fund projects benefiting the world’s Muslim community and beyond.
The prosperity of the Evergreen DAO is intrinsically intertwined with the broader health and expansion of the HAQQ Network. As HAQQ continually hosts and nurtures robust, Shariah-compliant, and ethically sound dApps, it not only enhances the utility of ISLM but also enriches the Evergreen DAO funds.
10% of every minted coin ( $ISLM ) goes to Evergreen DAO, and that DAO will support the community’s projects across all industries. It provides greater transparency as well, so all the stakeholders within the community are able to see how the capital is being reinvested into the Islamic community. It’s also important to outline that none of the co-founders of Islamic Coin have any control, say, or influence over what projects to be supported by Evergreen DAO. They maintain a neutral stance, and the governance of this initiative rests solely in the hands of the community. Every project is voted on, so there is a full democratic process in place. If a specific project receives sufficient votes for funding, it then proceeds to the Sharia board for evaluation, and if it is ratified then it gets the grant. The founders of Islamic Coin or team have no influence over this decision-making process, it is driven by the community.
In fact, HAQQ Network validators collectively hold less than 20% of the voting power among the top five. This deliberate design safeguards against any entity gaining undue influence over the DAO.
To know more visit Islamic Coin website at https://islamiccoin.net
For educational purposes only .
DYOR
