What is Islamic Coin? A Muslim Community Coin 🔥 - page 3.

doomloop

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Quote from: HB Wallet on October 18, 2023, 04:18:07 AM

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.

Silberman

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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.

Wiwo

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Quote from: Joeyp on October 18, 2023, 09:29:26 AM

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.

cheezcarls

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Quote from: X-ray on October 18, 2023, 10:37:17 AM

Quote from: Joeyp on October 18, 2023, 09:29:26 AM

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.

X-ray

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Quote from: Joeyp on October 18, 2023, 09:29:26 AM

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.

Joeyp

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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/

HB Wallet

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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

Topic: What is Islamic Coin? A Muslim Community Coin 🔥 - page 3. (Read 392 times)