Islamic Coin

ISLM Price

About Islamic Coin (ISLM)

Islamic Coin (ISLM) is a Shariah-compliant digital currency designed to provide a future-proof financial instrument for the global Muslim community while adhering to Islamic principles.

• Native currency of the HAQQ network, an ethics-first Layer 1 blockchain.
• Built on the Cosmos SDK and compatible with the Ethereum Virtual Machine (EVM).
• Features a dedicated Evergreen DAO that receives 10% of newly minted coins for community and charitable purposes.

What Is Islamic Coin

Islamic Coin is the native asset of the HAQQ blockchain, a network specifically developed to align digital finance with Islamic values. The project aims to empower over 1.8 billion Muslims worldwide with a financial tool that supports independent financial interaction and innovation. The value of ISLM is driven by its utility within the ecosystem and its role in supporting the Halal economy.

What Makes Islamic Coin Unique

• Shariah Oracle: An on-chain ethical protection mechanism that whitelists smart contract platform applications to ensure they comply with Islamic financial principles.
• Evergreen DAO: A non-profit endowment that automatically receives a portion of block rewards to fund Islamic internet projects and charities, ensuring long-term community impact.
• Fatwa Approval: The project has received a Fatwa from leading Islamic finance authorities, certifying its compliance with Shariah law.
• Interoperability: Leveraging the Cosmos SDK, the network supports the Inter-Blockchain Communication (IBC) protocol, allowing it to interact with other blockchains in the Cosmos ecosystem.

What Can You Use Islamic Coin for?

• Transaction Fees: ISLM is used to pay for gas fees on the HAQQ network.
• Staking: Holders can bond their coins to validators to secure the network and earn rewards.
• Governance: Community members can use ISLM to vote on spending proposals and protocol upgrades through the governance module.
• Payments: The token is designed for use in real-world payments and within the HAQQ ecosystem's decentralized applications.

How Does Islamic Coin Work?

Islamic Coin operates on the HAQQ network, which utilizes a Proof of Stake consensus mechanism based on the Tendermint BFT engine. This architecture provides high throughput and instant finality, meaning transactions are irreversible once validated. The network is built using the Cosmos SDK and includes an EVM-compatible layer (Evmos), enabling developers to deploy existing Ethereum-based smart contracts with minimal changes.

Team Info and Investors

The HAQQ network and Islamic Coin are supported by several entities, including ICNETWORK Ltd (the issuing entity), the Haqq Association (a Swiss non-profit operational backbone), and Bored Gen DMCC (the main developer). The project is guided by a Shariah Board of scholars and an Advisory Board that includes members such as HH Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan. Early funding was secured through private sales and early-stage partnerships.

Where can you buy Islamic Coin?

ISLM tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Islamic Coin is Gate, where the most active trading pair ISLM/USDT has a trading volume of $4,589.70 in the last 24 hours. Other popular options include Osmosis and Indodax.

What is the daily trading volume of Islamic Coin (ISLM)?

The trading volume of Islamic Coin (ISLM) is $13,320.62 in the last 24 hours, representing a -24.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Islamic Coin (ISLM)?

Islamic Coin (ISLM) reached an all-time high of $0.3033 and an all-time low of $0.003044. It’s now trading -98.70% below that peak and 25.30% above its lowest price.

What is the market cap of Islamic Coin (ISLM)?

Market capitalization of Islamic Coin (ISLM) is $14,279,179 and is ranked #1099 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ISLM tokens (3.7 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Islamic Coin (ISLM)?

The fully diluted valuation (FDV) of Islamic Coin (ISLM) is $69,288,967. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Billion ISLM tokens are in circulation today. Depending on how the emission schedule of ISLM tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Islamic Coin compare against its peers?

With a price decline of -62.90% in the last 7 days, Islamic Coin (ISLM) is underperforming the global cryptocurrency market which is up 14.10%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 15.30%.