Bitcoin Forum

I stumbled upon this thread on Twitter talking about the emergence of islamiccoin. In the history of altcoins, I wonder who would try to create a religious coin and with what motive?
What happens when other religions and political offices and even other sections of power launch their own coins?
I know most already exist, is this move more to empower followers of such beliefs with a future proof and profitable financial instrument and should be encouraged or will this cause an even further divide with evolutionary complications?
Uganda is one of the nations who has embraced this development and is championing the cause to help their Muslim community redefine themselves through entrepreneurship and investment in both cryptocurrency.
 

Reference link:
https://twitter.com/Islamic_Coin/status/1620656062125719555


What are your thoughts? Let's discuss!

Any new altcoins bearing the idea of any religion should already be defined as a scam. The thirst for profit, which is exactly what overcomes the developers of these projects, already denies the principles of any religion.
Many such coins have been created in history; can you check where they are now? Are there any successful examples? Gathering followers in one direction or another around you is a bad idea. And I don't think that believers can become investors in such crap. Although today's madness of the whole world with the denial of everything previously stable will find followers

I've seen it a few times on Twitter and indeed they use the promotion feature to draw the community into it. Once again, regardless of the purpose of the coin, I'm not sure that carrying a religious label will make them interested in investing. Because such a coin is only under the guise of gaining trust and as if applying a religious concept. But the fact is that it is really for the benefit of a handful of people, including those who manage the project. At this time, don't be easily provoked by labels in the name of race, religion, or certain groups because there have been many projects like this using masks for personal gain.

Ironically, meme-based coins are way more promising than belief-based coins/tokens. It also has been proven.

The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.

These are memecoins! Not to be taken seriously at all! This kind of coins will take a trip of the market, some traders will make money and then all will be gone. I am sure there's no motives behind the creation of this coin.

Coin developers are slowly running out of subjects to name their coin so now they seems to be using religion to put an emotional angle to their marketing. But the market is even more intelligent and such coins will be doomed sooner than later.

Bitcoin is an epitome of free speech and freedom from these dogmas. If someone inside is trying to incite such topics and using that to polarize users, they should not be given any more of your time. There are cunning users trying to use these angles to get investors into their pocket but that is just another scamming method which you all must understand.

Previously I have seen coins like ADAB exchange which was also a shady project using religious sentiments and that project is nowhere to be found now.

In either case, someone inciting an agenda is an immediate red flag. Trust bitcoin and stop spending your money on useless memecoins and shitcoins.

My money would never be invested in a religion coin; it has no purpose, as a religious individual, one does not have to identify by the God they are worshiping; God always know his people, but in these types of cases, it's still all about making money. I know there are still people who believe in this kind of coin, so I don't see a problem, but believe me, all in the name of religion, big money can be made, it's why we have more pastors and prophets today.

Scam man, or just meme coins. They're basically using religious ideas to enforce the idea that they're coin is "religious" when it's not. A catholic person creating a nuclear weapon does not in any way at all make the weapon holy. I'd honestly just avoid any stuff like this, it's vaguer than altcoins being wishy washy about their project descriptions really since you can't exactly explain religious ideas in a systematic way. In addition, I don't think great investors relied on religion in the first place to grow where they are right now. They might have used it at some point, but definitely not in a symbolic way.

There is no great success with such coins. Most Islamic states treat cryptocurrencies negatively, and many even completely prohibit the use of cryptocurrencies, considering it all to be some kind of fraud and a threat to traditional life. Before that, there were various crypto projects that touched on religious issues and promoted Islam in the crypto community. All these projects turned out to be scam or abandoned altogether due to low interest in such projects. Cryptocurrencies have not yet entered the ordinary life of the population so much as to create such projects and expect success from their implementation and promotion.

Do not give any attention to those coins, if a project is trying to use your personal identity, ethnicity, religious beliefs or political stance for you to support them then you know this project is a scam and there is no way around it, do not let yourself be manipulated by a topic you hold dear as they are hoping to confuse people and abuse their feelings so they feel obligated to use their coin, so this is a very obvious trap and you need to avoid falling into it.

We know that these scammy devs would really be creating something as long they would really be able to get enter into the market who doesnt mind if they would be touching up that religious aspect which we

know that it isnt really just right on touching up this area.It is really go beyond the boundaries on which a digital currency should be touching on.There are really things in life which it doesnt really

needed up to be touched.Its no surprise that these projects ending up on demise because touching up religions on just making some shitty coin is always been considered to be more
shitty which its understandable since it doesnt really have any usecase from the beginning. So it is really that bound to die and fail.

I remember there was one time called "Lumin" coin with a satanic symbol as its logo unfortunately for them they didn't do well and I'm not sure if they're still functioning up till now. I believe that any coin that's religion based is most likely going to end up scamming investors, I feel like they're targeting the member of such religions since they're going to embrace the project because of their beliefs.
There's nothing that's going to convince me to invest in a religion-based coin.

Nah, I don't think that it will happen though, as crypto is not tied to any religion, color or even political agenda. I mean we have heard a lot of crypto that is based on Islam, or crypto about football which is the number 1 sports in the world.

And yet nothing has become out of them, so it's not about that. Crypto like bitcoin has been the prime moving because people chose to support it, no matter what. Whether it was developed for Muslims or for any religion, it doesn't matter. As long as the crypto delivered what it promised, investors are going to buy them.

Whatever the name and concept, this kind of project will not work in my country and will not attract many people to join the project, except the people who are usual with the hype projects to take the profits with the hype name. However, if this relates to religion, politic, or other specific agendas, it will be too risky and sensitive, right? That is why it is still not sure if this kind of project will go bigger, except they have a very big investor that can influence the world to follow.

Considering the total number of followers of that specific group, I’m sure it will be a big effect to the project or even to the market itself. Though in reality, religions are not getting involve on this, they allow their people to choose on their own and have a freedom to choose. If someone asked you or forced you to buy something because you are part of the group, I think that is more risky to follow and better to leave that group while you still can.

You can start your own project, copy the source code and rename to a religion, name anything you want and start advertising which is going on for years and this is not a surprise, for every election you see a coin named and launched and you will see liquidity in that for a while, if you are not into pump and dumb coins, just ignore them as it will end up being a scam just like 1000s of other alt projects.

such coins are just coins that are used for profit only, not really used as a new innovation in crypto. When the profit has been obtained it will be abandoned. religious, political etc based coins don't seem to be a good one to follow. Because in reality it will be useless. Religion base coins seem to look more racist because they don't reflect the religion itself. Personally I would avoid coins or any such projects.

They are trying to be more aggressive by using such group for their own benefit, if its not an official announcement from any religion, you can assume that its a scam project who just want to take advantage of the large group. I also don’t like the idea of this because you don’t promote freedom here, which is not a principles of cryptocurrency. Avoid at all cost, I believe you still need to decide for your own regardless of your group or what.

There cannot be decentralized money representing a religion, a nation or a region. Money itself is a universal concept. The most powerful example in a historical context is gold. If we consider the problem in this context, it is not difficult to guess that such projects may have been created for fraudulent purposes. I consider them all in this context. Also, it should be noted that scammers target such concepts because they have always encompassed large audiences throughout history. Today's examples will be neither the first nor the last.

A scammer will always use every method to get his job done. They are just like politicians doing everything in their power to win an election. We have seen numerous times projects that underline some mistakes in other project and promised to correct them and they all end up dead. I am practically sure since they have been recent debates as to maybe it is non Haram for Muslims to invest to cryptocurrency that might have prompted this Islamic coin developers to give it a name just to lure people mostly Muslims into investing in it

I don't really know the project and i also don't know the people behind Islamiccoin so what i say are not facts but only my personal opinion, but i think that the motives behind this project are only monetary. I think that project was only created and named Islamiccoin because the creators are thinking that they are getting a lot of investors that way. Everyone knows that the Islam is the second biggest religion with more than 2 Billion members. Also i think everyone knows that the average muslim is taking his confession way more seriously than the average western people.
So i would guess the main motive for this project was to get some money from those religious muslims.

Using religion to create a crypto currency is a waste of time but these scammers didn't bother to try it as long as there is a concept of making money from the people. I bet one of them is trying to pretend as a priest to monetize such as there new religion/church which is common in other places.

Luckily, this will not gonna work to Islamic people since using cryptocurrency isn't promoted on them. It seems like they treat it as a forbidden money but I don't know where the concept came from but it's just like that. So, it's totally a scam in the first place and people should know about it if ever there's a coin trying to use religion.

This is just a gimmick to get the attention of particular community. These kind of practice easily reach the common man who doesn't have much knowledge about cryptocurrencies. Just for the religion we can see people getting interested over it and invest. As most users mentioned when something is focused with religion it is gonna be a scam that gets exposed immediately or in the long run. Already we were able to see similar coins like Jesus, biblepay, biblecoin, islamicoin and so on. Just to the list Islamic Coin gets added, nothing much gonna happen.

Starting a project entirely with the attraction of religion sounds ridiculous and dumb to the ears but these lots don't give a dime as long as it would bring more money to them. We invest to gather fortune but I'm afraid some in this case will do to promote the mighty name associated with the project to the masses, thinking they're doing God's work.

It's nothing, but all about creating hype and raising funds. I don't think they will sustain themselves by creating religious coins. They actually need to raise funds somehow even though we don't know who is creating this project. I would say just avoid this type of shitcoin. If a project can't keep a role in the crypto industry then just avoid it. Scammers often find a new ways to scam us.

Shitcoin,

Most of government didn't even support Bitcoin, why they're supporting an unknown religious or political coin when they're no the one who create it? actually cryptocurrency isn't supporting a government or centralization, so it's not make sense to be honest.

Not to mention what's the relation between crypto and religion or politic? just like above example where Islam religion is prohibit to use crypto, but someone create a coin about Islamic lol.

An exaggeration from someone, and also nothing to think about because it's just a thought that comes and goes. Naturally OP mentioned religion with crypto, reminded me of a certain project with a Muslim team, and it's ironic that a Jewish side is protesting because the project is a scam. And they used their own religious conflicts to baselessly accuse each other, and to this day I haven't heard anything about it.

Let's focus on the economic, scientific,... don't bring elements of spiritual values ​​into this field, that is considered a defamation, I know and believe in the metaphysical world , they won't need things like money and fame that we see as life.

look at this project
[ANN] Mahraba(MRHB) - Sharia concept DeFi
https://bitcointalk.org/index.php?topic=5386468
No need to mix religion and business. If you are a religious person, then you must first acquire certain knowledge, and then go into business so that business does not contradict your religion. Sharia law does not prohibit cryptocurrencies now, but not all projects are allowed. There are a lot of good options for investments now, so I'm not very interested in religious projects

We are in such a mess crazy world today, where anything can be encouraged, either good or bad, people don't think deeply anymore, many people have their inner delusions and when someone works toward it, their dream they rise up to support asap, most things that are happening today is all started by religions, I serve the master of this universe but I never get to a position where I let my someone else thoughts affects mine.

In decentralized space rule they are actually free to do anything they wanted. No one forbids it and as far as I concern, people already got wise not to engage on such coin or token that only uses peoples money to attract power and fame. They may used blockchain as a business but only fool would follow them unless they are also can benefited on this coin.

If ever chance government would create one, I dont think people would get interested with the nature politician handle this things.

I think there are many different investment options, both sharia and conventional, all you have to do is believe in each one and be smart in choosing where to invest, in the end, all are equally profitable or unprofitable. and if we look at the Cryptocurrency Market this is very volatile and subject to fluctuations, and it is not clear whether this altcoin will be able to maintain its value and relevance over time.

Freedom is everything, nothing prohibits doing anything including making new coins that are supported or supported by religious or political agendas.
Several years ago there were many new coins that emerged confident that the coins created were coins that many crypto users would choose because they were based on sharia and fully supported by the government. But in fact it's all nonsense, they just want to get the initial advantage and then leave it. and new altcoins created by well-known influencers also boomed, but eventually collapsed.
It is now widely known that new altcoin projects that are still sheltered under a religious or political agenda will never find a place, they will all end by themselves.

I don't mean to offend any religion, I want to say scammers are willing to do anything as long as they can scam people and make a profit for them. In my opinion, we should stay away from those coins, it's a waste of time to learn and research about them. Religion is sacred to worship and worship, not something to be bought and sold or made for profit as these scam projects are creating. I hope the scammers creating these projects will soon be punished for what they are doing is insulting our god.

You do have to keep an open mindset though, that is what bitcoin has been an symbol for. To remove oppression and to stand on your own.

It is true that many religions have financial codes but these are made by humans and no being came from the sky and wrote them down on a block of cement. So feel free to enter any altcoin that you feel is worth investing in, but do this with diligence and not because they are promoting a certain propaganda. Consider your profit/loss and only then should you invest.

Or just be safe and invest in bitcoin, why bother shitcoins anyway? ::)

Scammers hold nothing sacred, they are the kind of people that could sell their mothers if they could win a couple of dollars by doing so, and as such it should not surprise us they are trying to use religion to scam investors out there, just as they used the name of televisions shows, movies, politicians and an unending list of offensive coins they have created just to improve their chances of scamming anyone naive enough to send them some money.

This is true, fake projects will attack those vulnerable and because of having that faith for sure you can easily fall for a fake project. Stay away from this as much as possible because this is not worth it and beside religions don't force their own people to invest on anything, because that is already beyond their jurisdiction and not on their belief. If a project uses any group to encourage people to invest, think again about that project and you'll see why you have to stay away from them.

Defining that "investment" as "loyalty" to the cult BS, lol. Although I never stumbled upon such coins like that back in 2018, I won't be surprised that there would be projects that would use religions as a means to lure out religious investors. It surely is just a money grab.

I am a religious person, but I have separation between my money and my religion. Even if the churches near me would even promote such projects which is highly unlikely, I would not think of it as something that I should do "as someone" with the same religion.

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Kinda reminds me when people were asking if Bitcoin is like a religion in BTC Discussion section, lol.

On my 5 years in the crypto industry, I didn't encounter any single token/coin that is related to religion that became successful... or it's because there's no project that has been created that is related to religion at all.

Either way, I don't see any good use-case to that kind of token at all. I mean how will it help us people who aren't an Islam. I don't see any benefit from us aside from capital appreciation of the token which is highly unlikely to happen.

I guess it would be better to just stay away and ignore projects that are related to religions or politics at all. All of these are shitcoins that aren't worthy of investing our money with. Just focus on Bitcoin, and maybe Ethereum.

Stupid idea but i get why they are doing it. Getting a community in crypto space is hard and hijacking existing non-crypto community behind your cryptocurrency seems like logical step if you don't understand cryptocurrencies. I guess community tokens or coins always have some holders, but they are mostly annoying to most of the members of that community that they are trying to hijack.

Because just because someone makes a crypto, let's say about delivery industry workers, to unite them, most of the delivery industry workers see that as a money grab that doesn't represent them in any way. Just because i make the coin it doesn't make me any kind of spokesperson of that community.

The motivation is money and every coin that is created always has the main goal of making money for the developer. When someone uses religion to create a coin it happens because they see the potential to gain the trust of people who adhere to the religion that the developer uses in the name of their coin. The coin developer knows that many religious adherents don't have the intelligence to distinguish which ones are in accordance with their beliefs or are only used for profit, not because they are stupid but because they don't have access to correct information or it could be because they don't want to find out about information before finally deciding to invest in coins that use religious names or other famous people, and usually coins like this aim only to cheat after getting a lot of money, and those of us who already understand many forms of fraud must properly educate our community so they don't get caught up in this.

This is 21st century so deciveving people with the name of political or religious thoughts to scam money from them is not that easy and as per some Islamic countries any kind of cryptocurrency is against their laws then how can they say if they create one for their own its allowed? The laws applies to everything and anyone with common sense would not fall for such stupid scams.

Any coin or token trying to promote one religion, political party, or sentiment, and other stupid agendas which always cause division in the society will end up a failed project. I don't understand why someone would want to play this part, it is against everything Bitcoin and crypto stand for, money is money everywhere so why do you need to start causing division because you want to please one part of society or you want to encourage some partnto use crypto or you want to please another section of the community. This one for me is dead on arrival

I came across a hybrid exchange project a few days ago that follows the Islamic principle of mudarabah (which indicates a revenue cooperation wherein one party contributes funds while the other party supplies skills and employment), eschewing staking and future trading, which are prohibited in Islam due to the haram nature of interest; though not exclusively for Moslems, the developers hope to attract them to invest in a shariah-compliant crypto project, but actually  this concept provides protection for all investors (either Moslem and Non-Moslem) as profit shares and spot trading are less hazardous than staking and future trading. I believe the reason for the existence of such projects is because the Islamic viewpoint has its own guidance in financial aspects and investment, which is why some Moslem Developers want to attempt to develop a project that goes along with their beliefs.

I don't have details on Islamiccoin but I can sense this is not started by any religious organization but by someone or a group who just want to  be taking advantage of the sympathy they can get from those belonging to Islam. In other words, this can soon turn out to be just another failed project because it is not getting the interest from a critical number of people or worst it can just be another scam whose developers will evaporate once they got the money they need. We have to be careful as we are in a scam-laced industry.

I do not think the scammers behind this coin have any other aim but to make money out of naive investors, as we know money is nothing more but a tool that was created by humans to facilitate trade among us by giving us a common unit we could exchange for the goods we need and want, so any attempt to try to twist the reason for money to exist will always fail, as any form of money that is tied to some kind of religious or political identity will always fall behind to a form of money that does not hold those restrictions.

It's just another hype attempt, a buzzword attempt and nothing more. Just like how people used "NFT" for a while to get the attention of investors and that is why it becomes a bit more like hyped and gets money. Same was for defi, or memes or anything else really, it was just buzzword and people invested because those things were hyped during that time.

However, when you look at this, it's Islam, or political stuff, or whatever else, those are all hype words for crypto devs as well, "if 3% of Islam world invests", is that it? Like what's the idea behind it though, why would the Islam world invest into it? What's the reason that would make them even invest? Just because it would be big if they do, then they should? Makes no sense.

This has already happened and this is not the first time I have seen such a topic in the last few years. In particular, the offer of tokens with a religious bias and the offer from the project, I don’t remember the name now. There was a proposal specifically for Muslims according to Sharia. And later nothing more was heard about the project, that is, it turns out that it was not in demand. In my humble opinion, this is a failed idea to mix religion with trade, these are very different things and one contradicts the other.

I don't think the concept of religious coins will be fully successful, because the founders of these coins are just people who are hungry for money (does not rule out other new coins like this), in my country there were coins with religious elements yesterday when they collapsed, there was no response accountability like they are just starting out. and now their coins are totally dead until this moment there is no clarity, just the word, saving on the Day of Resurrection for forgiveness

This is not the first project to this, if you cross check the coin market cap, you will see many of them like this. What I see from this projects are nothing but pure influence to get rich, check that team very well, the team should be comprises of muslim community because they think the fastest way to get people to buy or sold out their coins is through influencing and religion is one of them, they think using of muslims will fasten their sells but most of this type of projects end up or dies 6 month after launch because they don't have anything, just hype and hype, no tech for the long run.

yeah i see , before there were coins whose concept was sharia according to religious rules, but somehow it went on, or they changed names or whatever, sometimes I was confused why people brought religion to achieve the goal of worldly pleasures, as we know crypto is something that is not legalized because it is not in accordance with religious sharia, but they make coins in the name of religion,

There's actually a lot to discuss about this, but I just wanted to express some of my own thoughts on the relationship between religion and the economy.
We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.

I think it's natural to happen because when you think through it, everything is political, including religion and cryptocurrencies. People will disagree but we have to still respect each other by finding our common grounds and hearing everyone's thought like having this kind of forum.


There is even a law in our country that separates the church and the state but it is inevitable for people to associate the two since those can be encountered and considered in everyday life.

There is no purpose behind such projects, and if I ever come across them I won't invest my money, because we are here to make some money, and religious ideas shouldn't be diverted into crypto from the start, people who have such a mindset are those that are not in the right state of mind, they are probably trying to start something they believe would work, religious purposes should be apart and should not be brought into crypto.

Speculators trying to create a hype around a niche of society, which can proportionate them a loyal base for profit reasons.

In crypto universe it has never worked for real. There were and there are several attempts, but none of them are able to get enough support to become considerably influent and popular.

I believe there aren't strong principles, morals and goals behind such projects. It's simply a marketing strategy by developers to make profit for themselves. The world is already divided, anyway. It's not a cryptocurrency which is going to make this division worse.

Throughout human history, the existence of various religions has led to clashes that can hinder free thinking and daily living. The overlap between religion and human advancement, coupled with political interference, is a source of concern. Economic developments can also be impacted by religious issues. Understanding this is crucial because it directly affects people's lives. Consequently, a detailed and reflective conversation is essential to recognize and tackle the religious and economic relationship's impact.

I am a non-religious person but I have studied some of the major world religions, and I realize that the earth is our common home but we are dividing it and keeping it apart. In the context of an increasingly developed society, perhaps hidden information and knowledge will gradually be exposed. And society will have changes and there will be things in common to bring people together, I have researched about Buddha Dharma and I see some philosophies that uphold truth and equality among all births are upheld. And I firmly believe that if anyone can see and understand that, to apply it, the competition will gradually disappear, and we will build a cleaner planet in all aspects.

Not really new, in the past, we have coins created for idealism, for countries for heroes for influencers for president we know scammers, will create a project to target a specific community or sector so they can easily influence them to join and invest but after the shilling and the hype, the developers behind this specific type of coin will stop developing their project because they already profited and they are on the next coin.

Investors should be wise enough to see the history of how altcoins evolve, if they are not offering a platform that can benefit the community then it's not worth investing in it, the platform should be open to all that can be embraced by the Cryptocurrency industry, not just one specific interest.

It seems that you are only looking at it from a religious point of view. I do not care if you are religious or not and also do not need a detailed explanation of the religion you are studying. The context that we are discussing this time is the relationship between religion and the economy, not just about religion. I just want to hear opinions on what the relationship between the two is.

Regarding the potential launch of religious coins, it is important to consider both the benefits and drawbacks. While it could be seen as empowering followers of specific beliefs and offering them a future-proof financial instrument.

I mean, it could also lead to further divides and complications in the financial world, as well as raise questions about the appropriateness of mixing religion and finance.

However, the case of Uganda has shown that religious coins can also be a tool for entrepreneurship and investment among the Muslim community.

Im my opinion, it is up to individuals and institutions to weigh the potential benefits and drawbacks and make informed decisions about the launch of religious coins.

In all fairness, everybody can create a token for certain purposes. I don't think there is really something wrong with that for as long as their goals and objectives aren't illegal, and there is no one or nothing that is deceived or unfairly taken advantage of.

During the months or years when ICO was very popular, the idea of tokenization has really pushed companies and all kind of developers to create tokens. What made them fail eventually was the fact that most of them were absurd, or at least not really a timely, necessary, or even a good idea. Worse, many are obviously scams.

This is the same opinion I have with this new altcoin. I think this is irrelevant or even created to make money out of thin air, as always at the expense of innocent supporters.

I would guess that some religions do have economical rules about it as well. For example interest is not allowed in Islam, they do not allow that at all, it's against the rules of the religion. Obviously they are not going to just not take interest, that would be a stupid thing to do, so they "rebranded" it as "profit sharing" instead of interest, and they are still taking interest.

It's a way of following the rules of Islam by using a different name for the same thing basically, it makes them feel better about it and like they are not committing any sin. So, some religions do have some economical rules and that is why it could be very important difference for some people.

simple answer for you to understand better, do you have any relationship here?
And do the things you already know limit yourself to the knowledge you don't know?
And do you think that if it exists independently then we need a topic to talk about mutual influence, I see you already have your own answer, my thoughts on this for you probably doesn't make much sense here either. And in the spirit of more useful exchange, I think it's funny to see the problem of right and wrong here, if I'm wrong, please express your opinion.

There are even tokens which came from the banks and the governments. They can encourage people on the same field. Maybe the OP think that coins like these are too controversial and can cause conflicts later on. It is possible but the issue won't grow huge as the attention of the people are easily shifted on other types of projects.

There are lots of them in the crypto space. ICO is only the first type of crowdfunding here in crypto but the idea of tokenization is already a thing after a few cryptos came out. There is no problem with that as long as what they will be releasing is not yet given by other existing projects because they will look like they are only after the hype/money.

The evolution  of altcoins with religious, political, or other agendas is not a new phenomenon. People often create these coins to create a specific niche audience and to promote a particular ideology . For  example  Uganda embracing the development of Islamic coin, it is possible that they see it as a way to promote entrepreneurship and investment among the Muslim community . The reason  behind creating such coins could be to empower followers of a particular religion or political affiliation with a financial instrument that aligns with their values . However, creating altcoins with such agendas could also lead to further division and complications. It could promote exclusion and discourage diversity, which could ultimately hinder the growth and adoption of cryptocurrencies. It could also lead to regulatory challenges and even legal issues, depending on the nature of the agendas promoted by the coins.

That is how faith tries to help those who have a guilty conscience and also why many criminals gradually look up a spiritual path in later life in an attempt to redeem themselves. But following rules if your own choice. You can be very strict about your own religion but in reality be a complete non-follower, something like a mole in the system. After all these rules have been created by humans and will always be broken by humans.

On the other than using them as a method to call investors to support a project is wrong. Those who are successful traders know these things and have learnt how to avoid such coercion.

There should also be an agenda, like if we say that Muslims hold or use their coin for transactions like paying or buying something, and let's just say that all of them use it, then it would be good because the possibility of this is high which lets say to the point that it could be bitcoin, but again, not all Muslims will use it. Also, it is really pretty weird to have this, like how the heck cryptocurrency will take place in a religious setting and how this will affect our beliefs. If this were to happen in our religion, I wouldn't participate in it as there are for sure black agendas on this from which they can only benefit.

Well it takes alot for me to invest in a new alt coin project. We have seen many alt coins who did not survive and in the end were scam projects. So many we seen were 'pump and dumps' and investors lost all their money.

I am very careful with investing in new projects. If there is one that encourages religion, political, or some agenda I will more then likely avoid it. It just sounds too much of a scam for me. If I want to incest in alt coins I will stay with Ethereum or other top coins.

Only those who has the same religion and political belief will support a certain coin and it couldn't attract many investors because of conflict of belief. As much as possible, I'm very skeptical in projects involving political and religious issues because they could end up unsuccessful in the end. It will be better to invest in projects that purely aims to succeed because of its potential and not because of their religious group or political involvement.

crypto, politics and religion cannot be put together and from the start it is not good to put it together, because if crypto is related to politics and religion, then surely there are parties taking the opportunity to take advantage, politics and religion should not deal with profit and loss

In fact those three entities should never be mixed at all, there were wars all over the world to try to separate the governments from the influence of religious authorities, and bitcoin is in a way an attempt to separate the governments from the monopoly of printing fiat money and go back to a more decentralized system, similar to the one we had centuries ago in which private mints coined gold and silver coins.

So the combination of those three entities is a big mistake, as too much power will be combined on a single entity and massive corruption is bound to appear if this was done.

You should have gone through the project's whitepaper, I am sure you would have gotten your answer on why it is necessary to develop Islamic Coin. Next time you should not be carried away by the headlines, dig deeper and you will get your answer.

The more the merrier, freedom of association should not be restricted on the blockchain. I think we are gradually delving into the Metaverse and Web3 world where we can live our fantasy. This will also help Bitcoin adoption because it will expose people of different religious and social background to cryptocurrency.

This kind of project are usually started by scam artist and they target religions that have very strong believers like Muslim that'll support anything that has to do with Islamic teaches and their believes.

On twitter is see coins been promoted that are focus on Islamic and it became more popular this ramadan season. People will still fall victim to this scam as they believe they can make profits form investing in them.

To be safe, we should stay away from this kind of projects, there are so much problem in the world that projects should be looking to solved and not trying to preach their religion through the tokens.

When new altcoins arise that encourage religious, political or other agendas, people should avoid them. Most likely another shit coin, trying to lure people based on their political and religious views. They make people invest in those coins to show support their their "political" and "religious" views. Once they invest, highly likely the devs are going to run away with the funds they received and dumping all the coins they had. Crypto currencies are meant to be a global currency for everyone to use. Not create divisions among people based on their religious or political views.

Correct, money is a tool to facilitate the exchange of all kinds of products or services among people, if instead money begins to be used as a tool to separate them according to their religious or political beliefs then that form of money will collapse sooner or later and be replaced by a form of money that does not do this.

So whenever someone encounters one of those coins they need to stay away from them, since there is no way they can become successful as they go against one of the most basic goals for money to exist.

I believe this is just a concept or even just a discourse, just like gaming or gambling based altcoins. I just don't agree with the way this person gained popularity for carrying a certain religious name. I'm Muslim and don't know about this problem, it means that this altcoin is only made by a handful of people who just want to gain popularity.

These tokens are form of payment method if we see them in reality so what exactly does the religion connection has to do with any sort of money? If they are connecting religious or political sentiments they are trying to get money through the community they are Targeting so they should be avoided at any cost.The creators should be asked about what are actual motives behind this setup if possible but most importantly you should not invest in them at all.

I totally agree with this, this is pure scam, what's the coin meant to do? If you check the people that might be behind the coins will be faceless people, they will create the coin and push some useless narrations and vulnerable people will fall for the scam, me personally i won't support any coin that is encouraging religious, political and other agendas, they have divided people more, most of the wars happening around the world is related to those things you mentioned

I saw an ad of the coin on Twitter and I just laughed and scrolled past it. It will just take the usual life cycle those kinds of coins take and then be forgotten. I don't even believe any Islamic body or community came together to create that coin.
Don't be surprised if the owners of the project aren't even Muslims. They might have just thought of something that will appeal to certain people and decided to go with it. By the time it crashes, they must have made the amount of money they're looking for.
Religious people can be very gullible and easy to manipulate and the owners of that coin know this and they're using it well.

It is most certain that the intentions in creating such coin does not include anything good about being an islam or some sort of a religious sector, but to make personal gain/profit out of it. Religion has been used for so many occasion to make a profit out of these blind believers. Now, I'm not really surprised if it has already come into cryptocurrency with the same dirty intentions.
I don't know what the use cases/utility of this coin, but I did not bother to read anything about it coz I'm pretty sure everything in the whitepaper are all BS. Nevertheless, religions of todays generation became more of a business than being a sector for a group of people who faithfully praises their Gods with lesser involvement with money. So, again not a surprise lol.

Exactly, that kind of motive is expected. Any scammer will try to capitalize on any kind of people that can easily appeal to their belief. Scammer understand which kind of people would fall for such cases, thus they likely also would try to deceive another one with similar characteristics.

And It does not have to be specifically for religious people. People fall for psychological stuff and that is where scammer capitalize their acts. There is a reason why scam characteristics incorporate fear-mongering and urgency.

That's a good thing. But I didn't expect much there. I mean what's going to happen to them making their own coin and then they promote it and then their community buys it? That's not how cryptocurrency works. It's just doing money circulation and it will end up being a scam. To me an Islamic coin sounds like something its developers will make rich. I beg you not to take offense but we must speak realistically.

I have seen a couple of ads on Twitter promoting certain religious coin/token. But the truth is that token may not stand the test of time. I don't think it makes any sense attributing religious sentiments to a token.
Though I support projects that are innovative, but a project should have a bigger audience in mind, not just narrow it down to only a group. This may be bad for business.

Then that’s the time to leave this earth for sure. Come on man you can’t mix up crypto with religious coins. That’s what brought disastrous war on the planet earth. We rigged millions to billion lives over the course of our history due to religion and political warfare.

Imagine we are bringing the same thing in the crypto sphere now. It would cause chaotic chain reaction in crypto as well. I mean everyone will start making their own religious coins and will start fighting over it whose superiors. 🙄

In my opinion it is not very good if the idea of crypto is associated with religious elements, because from the start religion was not profit-based, while crypto is about profit and loss based, this is very wrong and never be fooled by a coin scam like this

I think from the point of view of using cryptocurrencies, they are not intrinsically related to religion or war, but are technological and financial products, for example Bitcoin, Ethereum, or others are digital forms of assets that are decentralized and used for transactions and investments. What we need is just a checkbox and a separation between the religious, political and cryptocurrency aspects.

When new altcoins encourage religious, political or other agendas, for sure it can create controversy and it can potentially harm the reputation of the alternative crypto currency developers to be transparent about the purpose and goals of their altcoin and to avoid promoting any controversial or divisive agendas. The success of the alternate crypto currencies would depend on its features, functions and adoption by the wider community, rather than on any political or religious affiliations. Better to promote altcoins via social media and other platform rather than getting the support of any political or religious affiliations to avoid any controversy.