Islamic CoinPrice

(ISLM)

Islamic Coin, identified by the ticker ISLM, is the native cryptocurrency of the Haqq Network. Haqq is a proof-of-stake blockchain built on the Cosmos SDK that is also compatible with the Ethereum Virtual Machine. This compatibility allows developers to deploy existing decentralized applications and smart contracts on the Haqq network with minimal changes. The primary mission of Islamic Coin is to provide a digital financial tool for the global Muslim community that adheres strictly to the principles of Islamic finance. To maintain this alignment, the project is guided by a Shariah Board, which consists of prominent scholars who ensure that the technology and its implementation follow ethical and legal standards such as the avoidance of interest-based activities. A significant component of the Islamic Coin ecosystem is the Evergreen DAO. This decentralized autonomous organization is designed to promote long-term sustainability and community impact. Every time new tokens are minted, ten percent of the issuance is automatically directed into the Evergreen DAO. These funds are used for charitable purposes, supporting Islamic internet projects, and funding community initiatives, ensuring that the project contributes back to society. The Haqq Network acts as a secure platform for various Web3 activities, including decentralized finance, identity management, and gaming. By integrating ethical financial principles into a high-performance blockchain, the project aims to create a financial ecosystem that prioritizes community welfare and ethical growth. In essence, Islamic Coin functions as the utility token for the Haqq blockchain, powering transactions and governance while maintaining a focus on Shariah compliance and social responsibility through its unique distribution model. Learn more

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