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What is Islamic Coin?

Islamic Coin (ISLM) is a Shariah-compliant digital currency and the native token of the HAQQ blockchain. It aims to empower the global Muslim community with a financial instrument that supports seamless transactions, innovation, and philanthropy while adhering to Islamic principles. The token has a limited supply of 100 billion and is designed for various use cases, including remittances, storing wealth, and facilitating charitable giving through the Evergreen DAO.

How is Islamic Coin used?

Islamic Coin (ISLM) is the native currency of the HAQQ Network, a layer-one blockchain built on the Cosmos Software Development Kit (SDK). It serves several purposes within the network:

  1. Transaction Fees: ISLM is used to pay for transaction fees on the HAQQ Network, ensuring the smooth operation of the blockchain.

  2. Governance: ISLM holders participate in governance by staking their coins, which gives them voting power to influence the direction of the network.

  3. Staking: Users can stake their ISLM coins by bonding them to validators, who maintain the HAQQ Network. This process allows ISLM holders to earn rewards and participate in governance.

  1. Store of Value: ISLM can be used as a store of value, allowing users to hold and manage their assets securely.

  2. Remittances: ISLM facilitates peer-to-peer remittances, particularly among the global migrant labor population.

  3. Zakat and Charitable Giving: ISLM offers a tech-powered alternative for charity organizations to manage zakat, an obligatory principle in Islam, ensuring that funds are used for higher purposes. A portion of ISLM's economics is dedicated to charitable giving through the Evergreen DAO.

These uses make Islamic Coin a versatile and Shariah-compliant cryptocurrency, empowering the global Muslim community with a robust financial instrument for the digital age.

How do I store Islamic Coin?

To store Islamic Coin (ISLM) tokens, you can use the HAQQ Wallet mobile application. This wallet is specifically designed for managing ISLM tokens and ensures that you have complete control over your assets. The HAQQ Wallet offers a non-custodial blockchain wallet, meaning that only you have access to your assets and private keys, ensuring absolute security.

How to buy Islamic Coin?

To buy Islamic Coin (ISLM) tokens, you can follow these steps:

  1. Choose a Cryptocurrency Exchange: Select a reliable exchange that supports ISLM, such as KuCoin, MEXC, LBank, or XT.com. Ensure the exchange is available in your region and offers the desired trading features.

  2. Create an Account: Register for a free account on the chosen exchange. You may need to provide personal information and complete Know Your Customer (KYC) verification to increase withdrawal limits and access additional features.

  3. Set Your Investment Budget: Determine how much you want to invest in ISLM tokens.

  1. Research Your Investment: Learn about ISLM's market performance, current price, and any potential risks involved.

  2. Place a Buy Order: Decide whether to use a Market Order or a Limit Order. Market Orders execute the trade at the best available price, while Limit Orders specify a maximum price you are willing to pay.

  3. Fund Your Account: Deposit the required amount of fiat currency or cryptocurrency to your exchange account.

  1. Execute the Trade: Place your buy order, and the exchange will execute the trade according to your specifications.

  2. Store Your ISLM Tokens: Transfer your purchased ISLM tokens to a secure wallet to store them safely.

Additionally, you can also use decentralized exchanges (DEXs) like Uniswap or Sushi to swap other cryptocurrencies for ISLM tokens.

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How Islamic Coin works

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