In the ever-evolving world of cryptocurrency, a new contender named Islamic Coin, or ISLM for short, emerged on the scene in 2021. This digital currency is a cornerstone of HAQQ, a community-driven network that is wholeheartedly committed to fostering an ethical, Shariah-compliant financial ecosystem. Built on the robust Cosmos SDK, the Haqq blockchain underpins this innovative cryptocurrency.
Islamic Coin Sets Its Sights on the Future
Launched just a couple of years ago, ISLM is a pioneering player in the digital currency realm. As the native currency of HAQQ, it plays a pivotal role in promoting ethical financial practices within the community. Notably, the Haqq blockchain, the bedrock of ISLM, operates on the powerful Cosmos SDK. Behind this ambitious project stands ICNetwork Ltd, a technologically savvy enterprise founded by a group of visionary entrepreneurs in the blockchain and fintech spheres. This exceptional team includes the likes of Andrey Kuznetsov, Alex Malkov, Mohammed AlKaff AlHashmi, and Hussein Mohammed Al Meeza.
An Exciting Partnership with Web3
Islamic Coin’s journey is further enriched by its strategic partnership with Republic Crypto, the Web3 advisory branch of the prominent digital finance firm, Republic. This collaboration aims to refine various aspects of the cryptocurrency, including market strategies, tokenomics, DAO governance, and long-term value propositions. Notably, the cryptocurrency’s public token is on the brink of launching in September. This development marks a significant milestone, allowing retail investors to join a venture that was once exclusively the domain of large venture capital funds.
Strong Financial Backing
Islamic Coin has not gone unnoticed in the financial world, having raised an impressive $400 million in funding. Notable contributors include Alpha Blue Ocean’s ABO Digital, DF101, Futurecraft Ventures, and Optic Capital. Moreover, Islamic Coin has formed exclusive partnerships with DDCAP Group and Holiday Swap, one of the world’s largest home exchange platforms. According to the company, investing in Islamic Coin is accessible to the public through liquidity staking, liquidity mining, and straightforward token purchases. These avenues offer opportunities for long-term value appreciation, making Islamic Coin an intriguing prospect in the cryptocurrency realm.
Conclusion:
In conclusion, Islamic Coin, also known as ISLM, has quickly risen to prominence in the world of cryptocurrency since its launch in 2021. As the native currency of HAQQ, it plays a pivotal role in promoting ethical and Shariah-compliant financial practices within its community.
