What is Islamic Coin? A Muslim Community Coin 🔥

[HB Wallet]

In a time when cryptocurrencies are transforming the financial landscape, a novel digital currency is on the horizon, dedicated to serving the distinct requirements and principles of the worldwide Islamic community.

Islamic Coin (ISLM) and the Haqq Network are at the forefront, charting a course towards financial empowerment, a commitment to Shariah principles, and groundbreaking blockchain technology.

Within this article, we will explore the nuances of Islamic Coin, the Haqq Network, their tokenomics, incorporation of the Cosmos SDK, the significance of Shariah compliance, and much more.


Read the full article 👉 Islamic Coin

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[Joeyp]

Yes, ranked 2190th out of all 8886 active crypto coins with $0.2805 value. So I do not see any future for this coin, because altcoin market have too much coins already, and transfer fees through ETH network are high.
See more here - https://coinmarketcap.com/currencies/islamic-coin/

[X-ray]

Yes, ranked 2190th out of all 8886 active crypto coins with $0.2805 value. So I do not see any future for this coin, because altcoin market have too much coins already, and transfer fees through ETH network are high.
See more here - https://coinmarketcap.com/currencies/islamic-coin/

It must be noted that if this coin has been making a big event for airdrop hunters yet the airdrop reward has not been distributed. It's caused by there was also vesting period implemented by the developers. The price is slowly going down again after it was getting massive pump.
I have some friends who participated in this airdrop and they were being eligible for around 1k ISLM coin. Im sure that the price will be dumped so hard once the unlocked token will available to be sold by the hunters.
I remind you that if the supply of this coin is also really big at this moment. It can also become another factor why this coin will be dumping in the future.

There are still many tokens locked this time but as per the schedule if the more tokens to be unlocked gradually.

[cheezcarls]

Yes, ranked 2190th out of all 8886 active crypto coins with $0.2805 value. So I do not see any future for this coin, because altcoin market have too much coins already, and transfer fees through ETH network are high.
See more here - https://coinmarketcap.com/currencies/islamic-coin/

It must be noted that if this coin has been making a big event for airdrop hunters yet the airdrop reward has not been distributed. It's caused by there was also vesting period implemented by the developers. The price is slowly going down again after it was getting massive pump.
I have some friends who participated in this airdrop and they were being eligible for around 1k ISLM coin. Im sure that the price will be dumped so hard once the unlocked token will available to be sold by the hunters.
I remind you that if the supply of this coin is also really big at this moment. It can also become another factor why this coin will be dumping in the future.

There are still many tokens locked this time but as per the schedule if the more tokens to be unlocked gradually.

Because of being busy and not following up on my Galxe tasks, I am not qualified for their airdrop.

But since it is on a vesting period, I bet that we could only get less and may possibly get dumped in many months to come.

This is highly anticipated that most of the crypto airdrops right now if qualified would gradually drag the price down overtime and may end up getting pennies to a few two to three figure dollars when lucky.

As of today, I am yet to experience being rewarded for a big airdrop this year compared to the past few years. Right now, I am focusing more on common L2s like Linea, Scroll, zkSync Era, etc.

[Wiwo]

Yes, ranked 2190th out of all 8886 active crypto coins with $0.2805 value. So I do not see any future for this coin, because altcoin market have too much coins already, and transfer fees through ETH network are high.
See more here - https://coinmarketcap.com/currencies/islamic-coin/

Having too many coins in the altcoins market alone can be the basis to say a project will not succeed although I have not done any research on this coin and its potential,  but then also we have to be more realistic in our reasoning and try not to add sentiments to our judgement.

That being said, the Islamic coin sound like a religious coin and at that it may lead to a lot of limitation for the project such as wider adoption and users,  and what the religious sentiments are about cryptocurrency projects,  just like gambling that is declared and haram in Islam,  same could happen with crypto in Islam the could be a prohibition or restriction to worshipers not the get involved in anything such as this.

[Silberman]

I remember seeing a thread months ago about a coin related to this religion, is it the same coin or just another one which was created following into the steps of the previous coin? But whatever is the case this is just outrageous, scammers are willing to do anything just to get one more dollar in their pockets and if this means insulting the most precious beliefs people have they are still willing to do it, so people should just avoid these coins as it should be clear as day their developers will at some point scam anyone that was willing to give them any money.

[doomloop]

In a time when cryptocurrencies are transforming the financial landscape, a novel digital currency is on the horizon, dedicated to serving the distinct requirements and principles of the worldwide Islamic community.

Islamic Coin (ISLM) and the Haqq Network are at the forefront, charting a course towards financial empowerment, a commitment to Shariah principles, and groundbreaking blockchain technology.

Within this article, we will explore the nuances of Islamic Coin, the Haqq Network, their tokenomics, incorporation of the Cosmos SDK, the significance of Shariah compliance, and much more.

They are pretty much promoting their coin all around as I have seen their ads quite a lot of times on social media but never really studied the project or gave it much attention. I didn't really hear anything interesting about the coin, and the fact that it's specifically targeting only the Muslim audience, this might be a big hurdle in its way to achieving a lot of success because the industry consists of people from all religions and they might not be interested in a project that is targeting a single religion out of all.

However, I guess we will see how the project does once it gets launched and the token starts getting listed in exchanges, or maybe it did already? The altcoin market is getting so saturated lately that it's becoming difficult to actually keep track of every single project coming out these days.

[Kavelj22]

That being said, the Islamic coin sound like a religious coin and at that it may lead to a lot of limitation for the project such as wider adoption and users,  and what the religious sentiments are about cryptocurrency projects,  just like gambling that is declared and haram in Islam,  same could happen with crypto in Islam the could be a prohibition or restriction to worshipers not the get involved in anything such as this.

The currency was created on abhorrent racist foundations, which has predicted its failure since its launch. Calling the currency religious makes it very limited and does not offer promises of success of any kind. It is not the first currency of its kind to be established according to this premise, but none of us mention anything about those currencies because they failed quickly.

The owners of these projects usually have a limited team who create the project in order to deceive people with a false illusion. On this basis, they seek to ensure that the project attains acceptable importance.

[Huppercase]

It must be noted that if this coin has been making a big event for airdrop hunters yet the airdrop reward has not been distributed. It's caused by there was also vesting period implemented by the developers. The price is slowly going down again after it was getting massive pump.
I have some friends who participated in this airdrop and they were being eligible for around 1k ISLM coin. Im sure that the price will be dumped so hard once the unlocked token will available to be sold by the hunters.
I remind you that if the supply of this coin is also really big at this moment. It can also become another factor why this coin will be dumping in the future.

There are still many tokens locked this time but as per the schedule if the more tokens to be unlocked gradually.

I was so pissed to a point that I thought ISLM marketing was turning to daily spam, my twitter, my instagram and facebook, they literally occupied everywhere but look at their price today, they seems like the usuall ICO token that promises heaven and earth in another life but when you look deeply, they are just another typical ERC-20 usual token that are launch everyday on Ethereum and BSC.

It seems there has also been a lawsuit that was file a week ago by Dubai virtual asset regulatory that they don't know and don't have any relationship with ISLM. It seems that the teams were using Dubai residents and prominents people to push the token for marketing before the launch and trading which was misleading because that is impersonation that could even bring down the project in the future if the team were to be investigated, no wonder the price has been crashing.

In addition, the token is basically listed on 4 exchange, $2M volume with a fully dilluted valuation of $4B, if tokens were to be unluck, I doubt if the two exchanges are going to able to handle that supply, the price will further slide down.

[Wiwo]

That being said, the Islamic coin sound like a religious coin and at that it may lead to a lot of limitation for the project such as wider adoption and users,  and what the religious sentiments are about cryptocurrency projects,  just like gambling that is declared and haram in Islam,  same could happen with crypto in Islam the could be a prohibition or restriction to worshipers not the get involved in anything such as this.

The currency was created on abhorrent racist foundations, which has predicted its failure since its launch. Calling the currency religious makes it very limited and does not offer promises of success of any kind. It is not the first currency of its kind to be established according to this premise, but none of us mention anything about those currencies because they failed quickly.

The owners of these projects usually have a limited team who create the project to deceive people with a false illusion. On this basis, they seek to ensure that the project attains acceptable importance.

I agree with you on that and this is not the first time I have seen such a level of financial propaganda even the Islamic coin itself,  it seems that the coin has been around for a while now but has failed to gain recognition and because of that many of the currency speculators avoid the coin in the discussions,  although we have to be able to proclaim the right approach if truly we want to make contact with such projects,  since there are build along the sentimental line.

This have nothing to do with the real aim and practice of Islam and I believe that the coin is nothing but just a mere pozi.

[Traderbtcc]

I don't have much to say about this coin, but from what I've seen, it doesn't seem to offer much. The presale wasn't profitable for investors, and the promised rewards for the community were vested, so there wasn't much selling pressure from airdrop participants. Despite that, the price couldn't surge. I still don't fully understand the project, but based on how things are going, I don't think something great will come out of it. It doesn't look promising to me.

[wheelz1200]

It must be noted that if this coin has been making a big event for airdrop hunters yet the airdrop reward has not been distributed. It's caused by there was also vesting period implemented by the developers. The price is slowly going down again after it was getting massive pump.
I have some friends who participated in this airdrop and they were being eligible for around 1k ISLM coin. Im sure that the price will be dumped so hard once the unlocked token will available to be sold by the hunters.
I remind you that if the supply of this coin is also really big at this moment. It can also become another factor why this coin will be dumping in the future.

There are still many tokens locked this time but as per the schedule if the more tokens to be unlocked gradually.

I was so pissed to a point that I thought ISLM marketing was turning to daily spam, my twitter, my instagram and facebook, they literally occupied everywhere but look at their price today, they seems like the usuall ICO token that promises heaven and earth in another life but when you look deeply, they are just another typical ERC-20 usual token that are launch everyday on Ethereum and BSC.

It seems there has also been a lawsuit that was file a week ago by Dubai virtual asset regulatory that they don't know and don't have any relationship with ISLM. It seems that the teams were using Dubai residents and prominents people to push the token for marketing before the launch and trading which was misleading because that is impersonation that could even bring down the project in the future if the team were to be investigated, no wonder the price has been crashing.

In addition, the token is basically listed on 4 exchange, $2M volume with a fully dilluted valuation of $4B, if tokens were to be unluck, I doubt if the two exchanges are going to able to handle that supply, the price will further slide down.

It's just like almost every coin out tthere. Only created to enrich the creators and theor inner circle.  Remer the old poker saying if you can't spot the fish at the table then you are the fish.  The same applies to altcoins.  If you arent in any of these inner circles then just consider yourself as liquidity for these people.  Easy way around it?  Stay away from all these types of "projects".

[Kavelj22]

That being said, the Islamic coin sound like a religious coin and at that it may lead to a lot of limitation for the project such as wider adoption and users,  and what the religious sentiments are about cryptocurrency projects,  just like gambling that is declared and haram in Islam,  same could happen with crypto in Islam the could be a prohibition or restriction to worshipers not the get involved in anything such as this.

The currency was created on abhorrent racist foundations, which has predicted its failure since its launch. Calling the currency religious makes it very limited and does not offer promises of success of any kind. It is not the first currency of its kind to be established according to this premise, but none of us mention anything about those currencies because they failed quickly.

The owners of these projects usually have a limited team who create the project to deceive people with a false illusion. On this basis, they seek to ensure that the project attains acceptable importance.

I agree with you on that and this is not the first time I have seen such a level of financial propaganda even the Islamic coin itself,  it seems that the coin has been around for a while now but has failed to gain recognition and because of that many of the currency speculators avoid the coin in the discussions,  although we have to be able to proclaim the right approach if truly we want to make contact with such projects,  since there are build along the sentimental line.

This have nothing to do with the real aim and practice of Islam and I believe that the coin is nothing but just a mere pozi.

The other reason why this Islamic currency fails so quickly is that the Islamic community is one of the least integrated communities with modern technologies such as blockchain and crypto, because most Islamic countries are third world countries and countries with technological development have a small population, such as the United Arab Emirates or Bahrain. This can be confirmed through activity in the Arabic section here in the forum, since Arabs represent the Muslim majority. I am one of the active members there, and unfortunately we have a small number of members from some Arab countries, and there are countries that no one represents in the section.

[bangjoe]

I am not very interested in what the ISLM organizer offers to the community, in which there is a narrative that this coin project is a manifestation of gold and money that is aligned with the principles of sharia to avoid prohibitions in Islam, so far I am active in the market Crypto and technology offered have never found things that are in contact with Islamic religious rules, I do not know where the narratives are being carried by the Altcoin project developer.

Not the latest technology they bring to the project only to the rules of using interest only the concern.

[justdimin]

Yes, ranked 2190th out of all 8886 active crypto coins with $0.2805 value. So I do not see any future for this coin, because altcoin market have too much coins already, and transfer fees through ETH network are high.
See more here - https://coinmarketcap.com/currencies/islamic-coin/

I see that you don't liked it but your opening message seems too positive. Anyway, at first I didn't believe when you say that there are only 8k something active crypto because I think that was too tiny but it was actually true when I researched it again.

There are millions of crypto but many of them are dead, I guess that was also better so that we can lessen the pressure or the load in the market. It's impressive if that was the current rank of this coin shared here by the OP despite being new or is it really? Because the name sounds familiar to me. It seems I heard the coin somewhere before. But good luck to them and to those who are going to invest on it.

[Samlucky O]

In a time when cryptocurrencies are transforming the financial landscape, a novel digital currency is on the horizon, dedicated to serving the distinct requirements and principles of the worldwide Islamic community.

Islamic Coin (ISLM) and the Haqq Network are at the forefront, charting a course towards financial empowerment, a commitment to Shariah principles, and groundbreaking blockchain technology.

Within this article, we will explore the nuances of Islamic Coin, the Haqq Network, their tokenomics, incorporation of the Cosmos SDK, the significance of Shariah compliance, and much more.

I have seen this Islamic coin on social media, people always promote this Islamic coin stating that the launch price will be $500 just like the they are hyping pi-network. But to me I see no possibly to achieve that price at launch. Because even bitcoin never started like that. Sometimes I also ask if this coin will only be used my Muslim/Islamic people. Because Crypto currency has no boundaries or ethnicity.

[Sophokles]

Using the name of a community won't make it one of theirs. Why this token is for the Muslim community only and how it serve the community! I think this token is created by targeting the Muslim communities emotions. Many Muslim will think by investing in these project they can support the community which isn't true.

But i am relieved by imagin I don't need to see those annoying token sale add in all over my Twitter. They spend a lot to make promotion in the social media which indicates there is a group of people behind this projects marketing expenses.

[Victorik]

That being said, the Islamic coin sound like a religious coin and at that it may lead to a lot of limitation for the project such as wider adoption and users,  and what the religious sentiments are about cryptocurrency projects,  just like gambling that is declared and haram in Islam,  same could happen with crypto in Islam the could be a prohibition or restriction to worshipers not the get involved in anything such as this.

The currency was created on abhorrent racist foundations, which has predicted its failure since its launch. Calling the currency religious makes it very limited and does not offer promises of success of any kind. It is not the first currency of its kind to be established according to this premise, but none of us mention anything about those currencies because they failed quickly.

The owners of these projects usually have a limited team who create the project in order to deceive people with a false illusion. On this basis, they seek to ensure that the project attains acceptable importance.

I think it is proper to go religious while creating a coin. By so doing, you are already limiting your market space because not everyone will believe in your religious ideology.

The nomenclature will drive away some very serious investors.

[cryptoknightt]

Do they have certain important points, or are they just ordinary altcoins that use the name of a religion, if that's the case, I think it's just an ordinary altcoin, even though they say they have a fund raise of around 400 million$, but to me it looks like an ordinary project.

[btc78]

Using the name of a community won't make it one of theirs.

agreed this coin aims to embody the beliefs and principles of the islam religion but does not necessarily seem to reflect the community at large it lacked details about how this can benefit the muslims in the cryptocurrency aside from having ideas from the islam religion

Why this token is for the Muslim community only and how it serve the community! I think this token is created by targeting the Muslim communities emotions. Many Muslim will think by investing in these project they can support the community which isn't true.

islam is the second-largest religion in the world maybe they are aiming to get muslims to invest in their coin

The other reason why this Islamic currency fails so quickly is that the Islamic community is one of the least integrated communities with modern technologies such as blockchain and crypto, because most Islamic countries are third world countries and countries with technological development have a small population, such as the United Arab Emirates or Bahrain. This can be confirmed through activity in the Arabic section here in the forum, since Arabs represent the Muslim majority. I am one of the active members there, and unfortunately we have a small number of members from some Arab countries, and there are countries that no one represents in the section.

i have also observed but as i said the muslim population is huge with more than 2 billion followers of islam in the world if they get to persuade a lot of them to get into the cryptocurrency scene then it’s a win