What is ISLAMICOIN?
ISLAMICOIN (ISLAMI) is a cryptocurrency specifically designed for the worldwide Muslim community, strictly following Islamic financial principles. Launched in May 2021, this halal cryptocurrency seeks to promote financial independence and transparency through blockchain technology. Initially implemented on the Polygon network, ISLAMICOIN plans to transition to its proprietary ISLAMIBLOCKCHAIN network, utilizing advanced blockchain technologies to enhance security and reliability. The project encompasses a diverse range of initiatives, including media, commercial, financial, entertainment, and charitable ventures. Among its seven principal projects, ISLAMICOIN serves as the main payment method for ISLAMeda, ISLAMIwallet, ISLAMIgame, ISLAMImall, ISLAMImetaverse, ISLAMItravel, and ISLAMIBLOCKCHAIN. Each of these projects is crafted to seamlessly integrate into the global Islamic economy, providing decentralized solutions that comply with Sharia law. A distinctive feature of ISLAMICOIN is its deflationary nature, which is intended to increase its value over time. Furthermore, 5% of the total supply is allocated to Bait Al-Mal for charitable purposes, with a voting system in place that allows ISLAMICOIN holders to make decisions regarding the allocation of these funds. This ensures community participation and adherence to Islamic ethical standards. ISLAMICOIN is not merely a cryptocurrency but a comprehensive ecosystem. It includes a Decentralized Autonomous Organization (DAO) framework, enabling holders to engage in governance and profit-sharing while maintaining transparency through blockchain technology. The project is poised for significant growth, with each initiative contributing to its global expansion and financial success.