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$465,580,000
$2,327,900,000
$3,088,735
20,000,000,000 ISLM
20%100,000,000,000 ISLM
100,000,000,000 ISLM
Islamic Coin ISLM Islamic Coin (ISLM) Chart
Islamic Coin (ISLM) Return On Investment(ROI)
Islamic Coin (ISLM) Price Now
Islamic Coin price today is $0.0233 with a 24-hour trading volume of $3,088,735. ISLM price is down -25.31% in the last 24 hours. It has a circulating supply of 20Bil ISLM coins and a max supply of 100Bil.
In order to search for real-time and historical information about Islamic Coin (ISLM) blockchain, including data related to blocks, transactions, addresses, and more, you may use Islamic Coin (ISLM) block explorers. Here are some of the most popular and useful Islamic Coin (ISLM) blockchain explorers out there:
What Is Islamic Coin(ISLM)?
Islamic Coin is a native currency of Haqq, a community-run network, dedicated to empowering an ethics-first Shariah-compliant financial ecosystem. Islamic Coin has a finite total supply and 10% of each issuance is automatically dedicated for philanthropic purposes. The mission is to empower the world's Muslim community with a financial instrument for the Digital Age, that enables seamless transactions and interaction, while supporting innovation and philanthropy.
Features of Islamic Coin(ISLM)?
- Islamic Coin cannot be arbitrarily printed and devalued. It also cannot be arbitrarily deflated through the rise of interest rates; its price is determined by the market and thus always fair.
- Islamic Coin is minted automatically at predetermined announced rate and distributed amongst validators and delegators who actively contribute and invest to Haqq network functioning and security.
- Unlike fiat money, Islamic Coin is not operated by the banks whose main business is to earn money by charging interest. Charging interest is what leads to riba and is therefore haram.
- Each time a new Islamic Coin is minted, 10% is deposited into a special Evergreen DAO for further investment into Islam-related ventures or donated to Muslim charities. This is the first introduction of a coin bringing direct economic value to the Muslim community.
How Does Islamic Coin Work?
Islamic Coin is the native currency of Haqq Network. It is used for payments, governance, paying transaction fees and staking. Haqq is fast, trusted and compatible with thousands of applications around the world.
Islamic Coin(ISLM) Coinomics
Islamic Coin (ISLM) is the native currency of HAQQ Network. It is used for paying transaction fees, governance and staking.
Staking is the process of locking ISLM coins by bonding them to validators. Validators maintain the HAQQ Network. By bonding coins, ISLM holders delegate voting power to validators and become delegators, which gives them the right to earn rewards and participate in governance (see Tendermint BFT).
Upon HAQQ Mainnet launch, the minting of new coins is temporarily disabled and HAQQ Mainnet is operated by a restricted validators set controlled by the Core Team (Proof of Authority consensus). The reason behind that is to execute proper testing of Century Coinomics, and let the HAQQ community learn how to stake and run their own validators on the HAQQ network. For that purpose, HAQQ public Testnet will be launched with Proof of Stake and minting enabled. When the HAQQ community finishes evaluating HAQQ on Testnet and The HAQQ Team ensures its stability, minting will be enabled on Mainnet as well as Proof of Stake – the validator set won’t be restricted by the ones controlled by the Core Team. This will allow validators and stakers to participate in the HAQQ consensus and earn staking rewards.
After minting is enabled and until 100 billion coins are minted, every block produces new ISLM coins and gas fees collected from users. New ISLM coins and gas fees are distributed between validators, delegators and Evergreen DAO:
10% goes to Evergreen DAO
1% to 5% goes to a block proposer and its delegators
The remainder is distributed proportionally to all bonded validators and their delegators.
Delegators of bonded validators are rewarded in proportion to the amount of their delegation, relative to the total amount delegated to the validator, including validator self-delegation. Rewards are distributed to the delegators minus the validator's own commission.
ISLM supply is limited to 100 billion coins. Every Era, which is 2 years, ISLM’s emission rate is reduced by 5%. Emission will stop in 100 years from the first block of the first Era. During the first Era, 4.33% of coins will be minted, followed by 4.12%, with the 9th Era seeing 2.87%. More than 50% of the total supply will be minted from Mainnet launch by the end of the 9th Era, including initial supply. 100% (100 billion ISLM) will be minted at the end of the 50th Era, no more ISLM will be minted after that.
Initial supply: 20 billion. It will be minted in a genesis block and will be distributed on the day of network launch with the following structure:`
- 2 billion – Evergreen Foundation – according to Century Coinomics
- 5.5 billion – Partners: boards, initial supporters, promoters and market makers.
- 4 billion – Initial Private Sale. These coins will be sold to qualified private investors.
- 5.5 billion – Business reserve and ecosystem development fund. These coins will be used for public distributions, operational costs, business development, grants and other ecosystem-focused activities
- 3 billion – Founders Reward.
Coins dedicated for the Evergreen DAO will be locked until it is fully developed, tested and deployed on Mainnet.
Staking Islamic Coin (ISLM)
Staking is a way of earning rewards for holding cryptocurrency. Your crypto earns rewards because it is put to work on the blockchain. Islamic Coin uses a "consensus mechanism" called Proof-of-Stake, which is the way they ensure that all transactions are verified and secured without the middleman, usually a bank. Your Islamic Coin digital money, if you choose to stake it, becomes part of that process and you earn rewards as a result.
ISLM holders can participate in the network consensus and secure the HAQQ Blockchain network. By doing so, ISLM holders are delegating voting power to Validators who are doing the work of maintaining the decentralized network. Holders that delegate their coins to Validators earn staking rewards. Rewards are coming from transaction fees and newly minted ISLM. Delegators should be aware that staking carries a risk. If the Validator underperforms or goes offline, the Delegators’ rewards can be slashed resulting in a reduced amount of ISLM rewarded. It is recommended that ISLM holders delegate to multiple Validators and choose them carefully.
Islamic Coin(ISLM) RoadMap
May 5, 2022
- Haqq Mainnet Launch with PoA consensus, presale starts
Jun 2, 2022
- Gnosis Safe deployment on Haqq Mainnet
Jun 6, 2022
- Haqq TestEdge Launch with PoA consensus
Jul 11, 2022
- Haqq TestEdge transition to PoS consensus.
- Islamic Coin Shatters Records, Secures $200M In Bear Market by Investing.com
Aug, 2022
- 150+ independent validators joined Haqq TestEdge
Sept, 2022
- 750 validators joined Haqq TestEdge
Dec, 2022
- Haqq Mobile Wallet with Ledger support released on Google Play and App Store
- Launch of IBC – inter blockchain communication, connecting Haqq to other IBC-enabled networks
- Gravity Bridge integrated with Haqq Network
Q1 2023
- Bridge ISLM to Ethereum
Q2 2023
- Private sale ends
- Network transition from PoA to PoS, minting starts (Century Coinomics)
- Mnemonic-free security in HAQQ Wallet
- Web3 Browser in HAQQ Wallet
Q3 2023
- ISLM Listing on Exchanges
- NFT support in Haqq Wallet
- NFT Avatars
- ERC20 Tokens in Haqq Wallet
- Shariah Oracle implementation in HAQQ Wallet for TestEdge users
Q4 2023
- Shariah Oracle launch on Mainnet
- Evergreen DAO implementation
- Shariah Mobile Apps Marketplace in Haqq Wallet
Q3 2023 - Q4 2023
- Integration of ISLM as a payment method with up to 20 major partners in the Mena Region (e.q. Emaar, Etihad)
- Launch of Swiss payment card (Mastercard) backed by Islamic Coin
- Integration with crypto-fiat processing services, making Islamic Coin available as a payment method in hundreds of merchants in Mena
- Plastic and Mobile Card for Retail Payments based on brighty.app
Q1 2024
- Gold-pegged Stable Coin in cooperation with TOP UAE banks.
Islamic Coin (ISLM) Community
- Twitter: https://twitter.com/Islamic_coin
- Discord: https://discord.gg/islamiccoin
- Medium: https://medium.com/islamic-coin
- Telegram 1: https://t.me/islamiccoin_int
- Telegram 2: https://t.me/islamic_coin
Islamic Coin FAQ
What is the price of Islamic Coin (ISLM) ?
The current Islamic Coin usd price is $0.0233. We update the Islamic Coin USD price in real time. Get live prices of Islamic Coin on different cryptocurrency exchanges around the world on Coincarp.
Is Islamic Coin (ISLM) a good investment?
It depends on your personal risk tolerance and investment goals. Islamic Coin is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Islamic Coin investing, you will also need to understand the Islamic Coin project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Islamic Coin investing are by participating in Spot, Perpetual, ETF/Leveraged trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Islamic Coin (ISLM) crypto?
You can buy Islamic Coin from a cryptocurrency exchange (CEX or DEX) or some cryptocurrency wallets. Usually we choose cryptocurrency exchanges to buy, most exchanges require you to set up an account and verify your identity before buying Islamic Coin. Cryptocurrency exchanges that currently support Islamic Coin trading include:
If there is any error, please feedback to us, our email is [email protected]. Please be aware that buying and selling Islamic Coin involves high risks.You should always do your own research and make sure you understand the risks associated with Islamic Coin trading before you begin.
How to short Islamic Coin (ISLM) ?
The easiest way to short Islamic Coin is through margin trading, usually with Perpetual contracts, Futures contracts, ETF/Leveraged. Only a few cryptocurrency trading platforms allows short selling due to the considerable risk involved in this type of trading.
To start shorting Islamic Coin, open a margin account, provide some collateral for your short position, borrow some coins from the trading platform, and start short selling. Keep in mind that shorting Islamic Coin or any other cryptocurrency is high-risk. Exchanges that currently support shorting Islamic Coin are:
What will Islamic Coin (ISLM) be worth in 5 years?
It is impossible to predict what Islamic Coin will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Islamic Coin's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Islamic Coin 5 years from now.
ISLM Price Statistics
Islamic Coin Price
$0.0233
Price Change24h
$-0.007888 25.31%
24h Low / 24h High
$0.0223 / $0.0322
Trading Volume 24h
$3,088,735
Volume/Market cap (24h)
0.66%
Market Dominance
0.01%
Market Cap
$465,580,000
Fully Diluted Market Cap
$2,327,900,000
7d Low / 7d High
$0.0223 / $0.0442
30d Low / 30d High
$0.0223 / $0.0513
90d Low / 90d High
$0.0223 / $0.0816
52 Week Low / 52 Week High
$0.0223 / $0.1083
All Time High
$0.366
All Time Low
$0.0223
