Islamic Coin (ISLM) and the Haqq Network are looking good. Aiming to provide financial empowerment with Shariah principles and leveraging blockchain technology.
The significance of Shariah compliance is an important aspect to explore as it ensures that the cryptocurrency aligns with the ethical and moral principles of the Islamic community.
I also join the airdrop of this coin and I got 700 ISLM coins but they are in vesting period and I don't know when I will get unlock my coins what will be the value of this coin.
It showing that it is a Islamic coin but many Islamic countries didn't accept it. If they accept they regulate in their countries.
And here in this article you can see UAE is also unsure about this coin and hesitating to regulate and UAE government didn't give a proper licence to this company. This coin catch hype if other Muslim countries accept it and regulate it in the country.
Here is the article.
https://ifnfintech.com/vara-issues-alert-against-sale-of-islamic-coin-by-dubai-firm/
Topic: What is Islamic Coin? A Muslim Community Coin 🔥 - page 2. (Read 509 times)
I do not quite understand this project, to be honest.
What would be the appeal of this alternative coin to those who live in Islamic countries when all of them can use Bitcoin or other more established coin instead?
This is one of the problems I have seen in many alt coins, they are created with a purpose which does not exclude or represent an improvement over existing Coins.
There is no reasonable point for someone who is Muslim to avoid using Bitcoin and use Islamic coin instead. Actually, there are a lot of Muslims in this forum who actively trade and hold Bitcoin. Anyways, regardless of my opinion, I hope you can make something out this idea you have.
Good luck.
What would be the appeal of this alternative coin to those who live in Islamic countries when all of them can use Bitcoin or other more established coin instead?
This is one of the problems I have seen in many alt coins, they are created with a purpose which does not exclude or represent an improvement over existing Coins.
There is no reasonable point for someone who is Muslim to avoid using Bitcoin and use Islamic coin instead. Actually, there are a lot of Muslims in this forum who actively trade and hold Bitcoin. Anyways, regardless of my opinion, I hope you can make something out this idea you have.
Good luck.
Yes, there is not even a single reason for Muslims to prefer this coin over Bitcoin as this is no different than other coins and I feel this has been created just to deceive Muslims and this was done at a time when crypto friendly policies were taking place in Dubai and it's quite understandable that this has been created to pool in money from Roch gulf Arabs and I have seen few more coins like this and trust me there hasn't been any developments yet.
I do not quite understand this project, to be honest.
What would be the appeal of this alternative coin to those who live in Islamic countries when all of them can use Bitcoin or other more established coin instead?
This is one of the problems I have seen in many alt coins, they are created with a purpose which does not exclude or represent an improvement over existing Coins.
There is no reasonable point for someone who is Muslim to avoid using Bitcoin and use Islamic coin instead. Actually, there are a lot of Muslims in this forum who actively trade and hold Bitcoin. Anyways, regardless of my opinion, I hope you can make something out this idea you have.
Good luck.
What would be the appeal of this alternative coin to those who live in Islamic countries when all of them can use Bitcoin or other more established coin instead?
This is one of the problems I have seen in many alt coins, they are created with a purpose which does not exclude or represent an improvement over existing Coins.
There is no reasonable point for someone who is Muslim to avoid using Bitcoin and use Islamic coin instead. Actually, there are a lot of Muslims in this forum who actively trade and hold Bitcoin. Anyways, regardless of my opinion, I hope you can make something out this idea you have.
Good luck.
For example, a project that takes advantage of itself with a religious community, I think many people think is less efficient, a lot of what has happened has created debate. because the existence of certain regulations causes conflict between parties. If the concept is general, not individual, perhaps many people will support it
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$, but to me it looks like an ordinary project.
I think it's just universal. If it is considered good and has a good development direction, I think there is no problem with the Islamic Coin coin. The important thing is that the volume is there and it has been listed on the market. If we don't want it anymore, just sell it again and buy something with more potential. The investment world is generally ready to go first and those who are good at reading are always at the forefront
Do they have certain important points, or are they just ordinary altcoins that use the name of a religion, if that's the case, I think it's just an ordinary altcoin, even though they say they have a fund raise of around 400 million$, but to me it looks like an ordinary project.
I have seen in many articles about Islamic Coin in the last year, but i don’t how it works as a name of it’s a Islamic coin, yes it’s just look like an average altcoin. If they are successful project and collected 400$ millions then why it’s not listed any top tier exchange as like Binance? Even i didn’t see enough marketing in this forum. 
Guys! I may be wrong if someone can enlighten me why this Islam religion based project should be supported.
Why not do your research by checking their homepage and reading their roadmap, you don't have to ask people to shill a token to you, if you're interested in a token you don't have to ask why, just check it yourself and based on your parameters on what to look for a coin apply these parameters.
We already have so many shills here in this forum and if you're listening and asking questions like this, it's like asking people to shill tokens they are promoting, investors should be wise now, by doing their research and looking for loopholes.
Based on what I see on ISLM it's not the coin worth adding to my portfolio, I prefer coins that have no boundaries, but if you're a Muslim it could be a coin for you.
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/
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.
I once took part in an assignment in Galxe but I didn't complete it completely after knowing that the prize would be locked, so I became increasingly lazy to find out the progress
Rewards that are locked over time will be wasted and have no value when opened.
I did have an over watch of your project by visiting the link you mentioned in your topic. Please don't think my reply is harsh but how can you ask for funding? According to my understanding that is haram as it should be only for holy purpose and that too should be nature based produce.
The next topic is about staking and according to my understanding staking is again haram. Regardless of your cause and your output generated from this project. I feel such coins won't make into the mainstream and get attention from the Islamic countries.
Guys! I may be wrong if someone can enlighten me why this Islam religion based project should be supported.
The next topic is about staking and according to my understanding staking is again haram. Regardless of your cause and your output generated from this project. I feel such coins won't make into the mainstream and get attention from the Islamic countries.
Guys! I may be wrong if someone can enlighten me why this Islam religion based project should be supported.
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
That is if they can persuade Islamic countries to adopt their coin, there's already a warning for residents of the UAE
Quote
ISLM token currently is not available for purchase to any resident of, or any person located or domiciled in Dubai, UAE, because of regulatory notice of The Virtual Assets Regulatory Authority (VARA) of Dubai
There's a possibility that many Islamic countries will follow the UAE's action and if that happens this coin's progress will be halted, but only time can tell if the majority of Islamic countries will adopt this coin, I've seen religious-based token/coin that are not existing anymore and unfortunately, they cannot keep up with the community's need.
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.
Yes it might be true just like Elon musk is used to promote eloncoin. I discover lately that people has been using many tricks to lure people into what dey don't know about. I think they want yo draw the attention of many Islamic people to it. 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.
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.
I have seen this project on Twitter many times and I don't know why it is targed Islamic coin. I think the motive to get my Muslim investors to buy this project and see it as a reliable project for those that are interested in investing in cryptocurrency market. I think everyone can name there project whatsoever they like and this project really looks like it has support for the Muslim community.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.
I believe the project is launched now and might look like a good potential token if the team can promote very well.
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
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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
Quote
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
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.
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.
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.
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.
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. 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.
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.See more here - https://coinmarketcap.com/currencies/islamic-coin/
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.
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.
Not the latest technology they bring to the project only to the rules of using interest only the concern.
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.
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.
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